Macquarie Bank slashes fixed rates by up to 0.35%

By Niko Iliakis · · 2 min read
Fact Checked
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Macquarie Bank has made substantial changes across its range of fixed rate home loans today, cutting rates for 1, 2 and 3-year terms for both owner occupiers and investors by up to 0.35%. 

Below is a snapshot of the changes:

  • Owner Occupier, P&I loans with an LVR of ≤ 70% have been reduced by 0.20%.
  • Owner Occupier, P&I loans with an LVR of ≤ 80% have been reduced by 0.10%.
  • Investment, P&I loans with an LVR of ≤ 70% have been reduced by 0.35%.
  • Investment, IO loans with an LVR of ≤ 70% have been reduced by 0.25%.

Fixed rates for OO, P&I repayment loans with an LVR of ≤ 80% saw a reduction of 0.10%. That means new customers looking to lock in a Basic Home Loan for 3 years (P&I, ≤80% LVR) will now receive a 2.39% p.a. fixed rate (2.77% p.a. comparison rate*).

For those with a deposit of at least 30%, the rates on offer are even more generous. Following a 0.20% cut, rates for 3-year fixed terms (OO, P&I) now sit at 2.19% p.a. (2.60% p.a. comparison rate*).

That puts it among the lowest fixed rate home loans in our database at the time of writing. For comparison, the average 3-year fixed rate (OO, P&I) among home loans we track is currently 2.67% p.a.

Macquarie has also sharpened its offerings for investors, cutting rates for P&I loans with an LVR of ≤ 70% by 0.35%, and interest only loans with an LVR of ≤ 70% by 0.25%. Investors making P&I repayments will now be looking at rates as low as 2.59% p.a. (2.89% p.a. comparison rate*) 3-year terms. 

For an idea of how these offerings stack up against others on the market, head over to our fixed rate home loan comparison page, or browse the selection below.

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Last updated 5 December 2025 Important disclosures and comparison rate warning*
What are your home loan needs?
Loan purpose
Buying or Refinancing

  • Fixed Rate Home Loan

    • Fixed rate
    • Owner occupier
    • Principal & Interest
    • 5% min deposit
    Interest rate
    5.09 % p.a.
    Fixed 2 years
    Comparison rate
    5.43 % p.a.
    Initial monthly repayment
    $2,712
    Go to site
    • No ongoing annual fees
    • Make up to $25,000 extra repayments during a fixed period, fee free (T&Cs apply)
    • Lock in for up to 5 years.
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* 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 comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

** Initial monthly repayment figures are estimates only, based on the advertised rate. You can change the loan amount and term in the input boxes at the top of this table. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.

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