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Home loan calculators and tools
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Refinance savings calculator
Calculate how much you could save by refinancing your home loan.
Repayments calculator
Work out your monthly loan repayments with our home loan repayment calculator.
Borrowing power calculator
Use this calculator to understand your borrowing capacity with Macquarie and your monthly home loan repayments.
Extra repayments calculator
Use this calculator to work out the interest and time you could save on your home loan if you make additional repayments.
Calculate 3 ways to save with a Macquarie home loan
Save with competitive rates, up to 10 offset accounts, and retail discounts.
Stamp duty calculator
Use this stamp duty calculator to figure out how much you'll pay in government charges based on the amount you plan to borrow.
Home loan deposit calculator
Work out how much you can save for a home loan deposit based on your weekly, fortnightly or monthly contributions.
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How well do you know your home loan?
Complete the two-minute quiz, find out your result and access insights tailored for you.
Key Facts Sheet
Generate a Home Loan Key Facts Sheet to understand and compare our home loan products.
Applying online is easy
Submit your application in a few simple steps. You can apply if you are 18 years old or over, an Australian citizen, or a permanent or temporary resident, an Australian tax resident living in Australia, have an Australian mobile number.
Get a quick quote
3 minutes
Answer a few simple questions and we’ll provide a tailored quote with your rate and repayments.
Continue to apply online
15 minutes
Provide information about you, your property, what you earn and what you owe.
Get an answer fast
Once you’ve submitted your application, one of our friendly home loan specialists will review it and get in touch to answer any questions and guide you through the next steps.
Have questions before you apply online?
Our team of home loan experts are here to help. Request a call by completing the form and we’ll typically call you back within 1 business day.
Frequently asked questions
To see how we calculate your potential home loan repayments, use our home loan repayments calculator. The home loan repayment calculator can help you work out how much your monthly repayments will be, based on how much you plan to borrow.
The assumptions used in our home loan repayments calculator are as follows:
- Your loan to value ratio (LVR), purpose of your loan and how you will be paying determines your interest rate.
- Your LVR is calculated by dividing the amount you'd like to borrow by the value of the property as a percentage.
- The value of your property is assumed to be the same as the amount you'd like to borrow plus deposit.
- The loan term is set at 30 years.
- Calculations are based on a variable rate, except for the initial fixed rate period if one is selected.
- Interest rates do not change for the life of the loan.
- Interest is charged monthly.
- Repayments are made monthly.
- It does not consider your ability to make the repayments shown.
The information contained in the calculator is by way of example only and should not be regarded as a prediction, or as personal advice.
Interest is calculated on your outstanding loan balance at the end of each day and charged to your account every month. The outstanding loan balance is multiplied by the interest rate on the loan account and divided by 365 days.
Ideally, you should save as much as possible before buying a home. The more you save for a home loan deposit, the smaller your loan could be and the higher your chances of getting approved for a home loan.
Make sure your deposit savings plan considers the extra costs associated with buying and moving into your new home. This can include conveyancing, stamp duty costs and other government and upfront costs.
LVR is the amount you need to borrow, calculated as a percentage of the value of your property. For example, if your loan amount is $400K and your property value is $500K, then your LVR is 80%.
Fixed rate home loans have an interest rate that is fixed for a set period of time (typically from one to five years). At the end of the fixed rate term, the loan will usually switch to a variable rate.
Variable rate home loans have an interest rate that can move up or down according to market forces, which impacts the amount of interest you pay and may change your contracted monthly repayments.
Macquarie home loans are flexible and allow you to access both a fixed rate and variable rate for your loan. As a borrower, this means you can:
- have the entirety of your home loan at a variable rate
- have the entirety of your home loan at a fixed rate
- split your home loan into fixed and variable portions.
Splitting your loan between variable and fixed interest rates gives you flexibility to structure your loan to suit your circumstances. You can divide your home loan in a variety of ways, such as locking in a fixed interest rate portion and variable interest rate portion, to take advantage of a mix of rate types over the life of your loan.
Please note: You can’t have the entirety of your offset home loan assigned to a fixed rate. You must have at least $20k of your offset home loan assigned to a variable interest rate.
Once you’ve completed an application with your broker or home loan specialist, we can (in most cases) provide you with a pre-approval within one business day if your application qualifies. Once you’re successful with a property and provide us with all required documentation, we work quickly to provide you with unconditional approval and open your home loan account.
This timing depends on how quickly we can verify your identity, assess your application, and transfer security.
We’ll let you know by email if your application is successful and then work with your solicitor or representative to arrange the settlement. Once completed we’ll let you know when your account is open and ready to use.
If you have any questions about the status of your application, talk to your broker or your home loan specialist.
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Additional information
This information has been prepared 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. Lending criteria, fees and T&Cs apply.
Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
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 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.
Fixed rate loans may be subject to significant break costs. Please refer to your loan contract and terms for details of break costs applicable. At the end of the fixed rate period, the loan rate will revert to the variable interest rate detailed in your loan contract, as applicable at that time. Offset accounts cannot be linked to loan accounts with a fixed interest rate and you must have a variable rate loan account with a minimum balance of $20,000 to qualify for a fixed rate.
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.
Approval is subject to Macquarie credit criteria and suitability assessment. Terms and conditions apply and are available upon request. Fees and charges apply.
We don’t charge fees for card purchases or transactions made or processed outside Australia but others, such as the banks of international merchants, might.
Home loan information and interest rates are current as at 15 October 2024 for new loans only and are subject to change.