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Our team will be taking a short break until Monday 6 January 2025. You can still submit your home loan application online and we’ll be in touch after the break. If you have a question regarding your existing home loan visit the Help Centre for frequently asked questions.
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Frequently asked questions
To view the repayment amount and interest rate details on Macquarie Online Banking and the Macquarie Mobile Banking app:
- Select your home loan account from the account list
- Select the I want to button
- Select View account and interest details in the menu
- Your home loan repayment will be shown as minimum repayment or estimated repayment
- All interest rate details, including your interest rate and total interest charged, can be found on this page too.
For most account types, you can view and update your details via Macquarie Online or our Mobile Banking app. For more information visit our Help Centre.
Keeping your contact details updated ensures that we can reach you with information about your account(s). The details we have on file for your account(s) are listed below.
- Home address
- Postal address
- Email address
- Mobile phone number
- Home or work phone numbers (if applicable).
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.
Your home loan principal and interest repayment amount is calculated based on the loan amount, loan term, number of repayments and interest rate. Assuming there are no changes to your loan, your repayment amount remains the same each month or fortnight. Each repayment amount consists of paying back some of your loan (principal) and an interest component. The proportion of principal and interest you pay changes over the term of your loan.
At the beginning of a home loan, most of the repayment amount goes towards interest and over time, as your loan balance decreases, the interest portion of the payment decreases and therefore most of the payment goes toward the principal.
Yes, typically if you have an Offset Home Loan variable interest rate account, you’ll be able to open and link up to 10 offset accounts.
For company or trust borrowers and home loans with a BSB starting with 183, additional offset accounts can’t be opened after you’ve settled your home loan.
Visit Macquarie Help Centre on how to open additional offset accounts on Macquarie Online Banking, including opening joint offset accounts.