Variable interest rate - basic owner-occupied home loans
For basic owner-occupied home loans with principal and interest repayments.
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- Owner occupied rates
- Investment property rates
Principal and interest repayments
| LVRⓘ | Basic Interest rate | Basic Comparison rate‡ | Offset Interest rate | Offset Comparison rate‡ |
|---|---|---|---|---|
| ≤ 60% | 5.89% pa | 5.91% pa | 5.89% pa | 6.14% pa |
| ≤ 70% | 5.89% pa | 5.91% pa | 5.89% pa | 6.14% pa |
| ≤ 80% | 5.94% pa | 5.96% pa | 5.94% pa | 6.19% pa |
| ≤ 90% | 6.14% pa | 6.16% pa | 6.14% pa | 6.39% pa |
| ≤ 95% | 6.94% pa | 6.97% pa | 6.94% pa | 7.18% pa |
- Owner occupied rates
- Investment property rates
Principal and interest repayments
| LVRⓘ | Basic Interest rate | Basic Comparison rate‡ | Offset Interest rate | Offset Comparison rate‡ |
|---|---|---|---|---|
| 1 year fixed rate° | ||||
| ≤ 70% | 5.29% pa | 5.85% pa | 5.29% pa | 6.08% pa |
| ≤ 80% | 5.39% pa | 5.91% pa | 5.39% pa | 6.14% pa |
| ≤ 95% | 5.65% pa | 6.83% pa | 5.65% pa | 7.05% pa |
| 2 year fixed rate° | ||||
| ≤ 70% | 5.19% pa | 5.78% pa | 5.19% pa | 6.01% pa |
| ≤ 80% | 5.29% pa | 5.84% pa | 5.29% pa | 6.07% pa |
| ≤ 95% | 5.79% pa | 6.73% pa | 5.79% pa | 6.95% pa |
| 3 year fixed rate° | ||||
| ≤ 70% | 5.19% pa | 5.72% pa | 5.19% pa | 5.95% pa |
| ≤ 80% | 5.29% pa | 5.78% pa | 5.29% pa | 6.01% pa |
| ≤ 95% | 5.79% pa | 6.63% pa | 5.79% pa | 6.85% pa |
| 4 year fixed rate° | ||||
| ≤ 70% | 5.39% pa | 5.73% pa | 5.39% pa | 5.96% pa |
| ≤ 80% | 5.49% pa | 5.80% pa | 5.49% pa | 6.03% pa |
| ≤ 95% | 5.99% pa | 6.61% pa | 5.99% pa | 6.83% pa |
| 5 year fixed rate° | ||||
| ≤ 70% | 5.39% pa | 5.70% pa | 5.39% pa | 5.93% pa |
| ≤ 80% | 5.49% pa | 5.77% pa | 5.49% pa | 6.00% pa |
| ≤ 95% | 5.99% pa | 6.54% pa | 5.99% pa | 6.76% pa |
Note: Offset benefits are not available while the linked Loan Account is on a fixed rate of interest
Principal and interest repayments
| LVRⓘ | Basic Interest rate | Basic Comparison rate‡ | Offset Interest rate | Offset Comparison rate‡ |
|---|---|---|---|---|
| 1 year fixed rate° | ||||
| ≤ 70% | 5.45% pa | 6.05% pa | 5.45% pa | 6.28% pa |
| ≤ 80% | 5.55% pa | 6.16% pa | 5.55% pa | 6.38% pa |
| ≤ 90% | 5.95% pa | 6.95% pa | 5.95% pa | 7.17% pa |
| 2 year fixed rate° | ||||
| ≤ 70% | 5.35% pa | 5.97% pa | 5.35% pa | 6.20% pa |
| ≤ 80% | 5.45% pa | 6.08% pa | 5.45% pa | 6.30% pa |
| ≤ 90% | 5.79% pa | 6.81% pa | 5.79% pa | 7.03% pa |
| 3 year fixed rate° | ||||
| ≤ 70% | 5.35% pa | 5.91% pa | 5.35% pa | 6.13% pa |
| ≤ 80% | 5.45% pa | 6.01% pa | 5.45% pa | 6.24% pa |
| ≤ 90% | 5.79% pa | 6.70% pa | 5.79% pa | 6.92% pa |
| 4 year fixed rate° | ||||
| ≤ 70% | 5.55% pa | 5.92% pa | 5.55% pa | 6.15% pa |
| ≤ 80% | 5.65% pa | 6.03% pa | 5.65% pa | 6.25% pa |
| ≤ 90% | 5.89% pa | 6.64% pa | 5.89% pa | 6.86% pa |
| 5 year fixed rate° | ||||
| ≤ 70% | 5.55% pa | 5.88% pa | 5.55% pa | 6.11% pa |
| ≤ 80% | 5.65% pa | 5.99% pa | 5.65% pa | 6.21% pa |
| ≤ 90% | 5.89% pa | 6.55% pa | 5.89% pa | 6.77% pa |
Note: Offset benefits are not available while the linked Loan Account is on a fixed rate of interest
Home loan products and features
Frequently asked questions
To help you complete your home loan application, make sure you have the following information on hand:
- documents relating to your income, including payslips or income statements
- your existing home loan statements and contract, if refinancing
- details of any debts you currently hold, including balances, limits and monthly repayments
- access to your transaction history – this will help you determine your monthly living expenses such as groceries, utilities and insurances.
- current email address and mobile phone number so you can safely use your account online and in the Macquarie Mobile Banking app
- identity documents - some documents may need to be certified
- details of the type of home loan facility you’d like to apply for and how you’d like to tailor it. Visit Choosing which home loan is right for you.
You can start your application now, save your progress, and come back to it later if you need more time or additional information
A home loan specialist will review your application and contact you within 1-2 business days.
A Home Loan Specialist will review your application and call you within 1-2 business days after submission. If you’d like to make an update simply let them know during this call.
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- Complete at your own pace and save as you go.
- Stay up to date on your application status.
- We'll ensure you're getting our best rate for your circumstances.
- We won't run a credit check until after you submit your application.
- We're here to help if you have any questions through the application process.
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Additional information
For more information, view the full Macquarie home loans terms and conditions and the Macquarie electronic banking terms and conditions.
This information is provided by Macquarie Bank Limited ABN 46 008 583 542 AFSL and Australian Credit Licence 237502 and does not take into account your objectives, financial situation or needs. You should consider whether it is appropriate for you. Lending criteria, fees and T&Cs apply.
Variable interest rate and comparison rate for basic owner-occupied home loans with principal and interest repayment. Rate applies for new loans when you borrow up to 60% of the property value with a principal and interest repayment variable rate loan. Subject to change without notice.
The comparison rates are based on a loan for $150,000 and a term of 25 years. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
The information in this calculator is by way of example only and is not a prediction or professional financial advice. Calculations are not forecasts, but may assist you in making your own projections. Subject to law, Macquarie will not be liable for any loss or damage caused by your use of the calculator. The information in the calculator does not constitute an offer to lend or imply the product is suitable for you.
Rate applies to new loans with a fixed rate loan. Subject to change without notice. Fixed rate loans may be subject to significant break costs. Please refer to the loan contracts for terms and conditions regarding break costs. At the end of the fixed rate period, the interest rate will revert to the discount variable rate applicable at that time.
Open up to 10 offset accounts per variable loan account if you have an individual or joint borrower home loan. Company and trust borrowers can open up to 4 offset accounts which must be opened at application. Offset accounts cannot be linked to fixed rate loan accounts. For loans, with both a fixed and variable rate loan account, the variable rate loan account must have a minimum limit of $20,000 to enable an offset account to be linked. Only applicable for Offset Home Loans.
The Offset Home Loan Facility fee is payable in exchange for the ability to open and link offset accounts. The fee is payable in two equal instalments every 6 months per facility. The first fee is payable 6 months after your settlement date, then the Offset Home Loan Facility fee is payable every 6 months thereafter (unless you switch your loan to a Basic Home Loan).
Due to state and territory laws, restrictions may apply to digitally signing the Mortgage Form.
Home loan information and interest rates are current as at 24 April 2025 for new loans only and are subject to change.