This information has been prepared by Macquarie Bank Limited ABN 46 008 583 542 AFSL and Australian Credit Licence 237502. This information does not take into account your financial situation or needs - consider what’s right for you.
1Security property must meet the bank’s acceptable security requirements and is subject to credit assessment and approval.
2Limit transfer cannot be completed if the new limit of the loan account you want to reduce would be less than the balance of that loan account after the transfer or if the loan account you want to transfer into is fixed rate type. Transferring the limit into an interest only repayment loan account is subject to credit assessment and approval. All limit transfer requests are subject to approval.
3Up to 10 offset accounts can be linked to one loan account for single or joint borrowers (up to four offset accounts per loan account can be requested at application stage). Offset accounts for company and trust borrowers must be requested at application stage. Up to four offset accounts can be linked to each loan account for company and trust borrowers.
4Up to 6 loan accounts can be opened during the application, however, unlimited new loan accounts can be opened post-settlement. Requests to change facility limit post-settlement are subject to approval.
5An offset home loan facility cannot be fully fixed and offset accounts cannot be linked to fixed rate loan accounts. For an offset home loan facility, the variable rate loan account must have a minimum limit of $20,000.
6Approval is subject to Macquarie credit criteria and suitability assessment.
7 If you have a Macquarie Offset Home Loan facility, the Annual Primary Cardholder Fee is waived for the Macquarie Black Card and Macquarie Platinum Card for the period you hold this facility with us. If you already hold a Macquarie Black Card or Macquarie Platinum Card, and you’ve been approved for a Macquarie Offset Home Loan facility, please contact us to arrange for this fee waiver to be applied to your card as this waiver will not be applied automatically.
8The terms Offset Home Loan Facility fee and package fee are used interchangeably in our collateral and refer to the same fee.
9Reverts to variable rate at the end of the fixed term.
10Additional repayments of up to $10,000 can be made on a fixed rate account each year without penalty (additional payments above this amount may incur break costs). The 12-month period is calculated from the date the fixed term commenced. When your account has reverted to a variable rate at the end of a fixed term (1) you can make further additional repayments without incurring break costs and (2) any additional repayments made during the fixed term become available for redraw (subject to our terms and conditions).
11With investment purpose, there may be tax implications when choosing between using a redraw and offset account.
12 Break costs may be substantial. You can ask us for an estimate of break costs before you proceed with any of the outlined scenarios.
13 Reverts to principal and interest repayments at the end of the interest only term. Interest only is not available within the last 20 years of a loan term.
14 Repayments required to pay out the loan will increase after the interest only term ends to cover both principal and interest. Interest only repayments may vary each month depending on the balance of your loan account, offset balance, variable rate and days in month.
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