Cash out is generally allowed for certain purposes up to 80% LVR. 

Details regarding the purpose of the cash out must be provided based on discussion with the borrower. 

Examples of acceptable purposesExamples of unacceptable purposes
  • Personal investment (share purchase)  
  • Home improvements / renovations  
  • Personal use (Travel, wedding etc.)  
  • Motor vehicle  
  • Deposit on property  
  • Purchase of property  
  • Debt consolidation.  
  • Consolidating large unsecured debt  
  • Gambling   
  • Maintain lifestyle  
  • Meet repayments on existing commitments  
  • Development finance  
  • Tax debt  
  • Any illegal activities.

 

Up to 80% LVR Above 80% up to 90% LVR (inclusive of capitalised low deposit fee)

No limit is applicable to the equity release/cash out component. Subject to satisfactory client risk profile, capacity and collateral.

No cash out, equity release or debt consolidation is allowed (beyond a $5,000 allowance for costs).


For more information, refer to the Macquarie Residential Home Loans Credit guidelines.

Loans are subject to credit approval.

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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.

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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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