Interest is calculated daily on the outstanding loan balance (net of any redraw, fees and offset). The daily interest rate applicable on the outstanding loan balance is based on an actual interest rate divided by 365 day count basis. This daily interest rate is multiplied by the loan balance (net of any offset balances) and is capitalised to the loan on each repayment date.

The total interest charged in a month can be found on Macquarie Online and on the Macquarie Mobile Banking app under ‘Account Details’, or on your client’s home loan statement where the interest portion of each repayment is noted.

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Unless stated otherwise, this information is provided by Macquarie Bank Limited AFSL and Australian Credit Licence 237502 (MBL) and does not take into account your objectives, financial situation or needs. You should consider whether it is appropriate for you. Finance is subject to our credit approval criteria. Terms and conditions apply and may change without notice.

Apple Pay, the Apple logo & iPhone are trademarks of Apple Inc, registered in the U.S. and other countries. App Store is a service mark of Apple Inc. Android Pay, the Android Logo and Google Play are trademarks of Google Inc. MasterCard and the MasterCard Brand Mark are registered trademarks of MasterCard International Incorporated. BPAY is a registered trademark of BPAY Pty Ltd ABN 69 079 137 518.

Other than MBL, none of the Macquarie Group entities referred to are authorised deposit-taking institutions for the purposes of the Banking Act 1959 (Cth), unless noted otherwise. Their obligations do not represent deposits or other liabilities of MBL. Unless otherwise stated, MBL does not guarantee or otherwise provide assurance in respect of the obligations of that entity.

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