Macquarie home loans

Macquarie
Macquarie's overall rating for home loans

(as rated by the Mozo community)

5.3 / 10

based on 105 reviews

Macquarie is a homegrown success story - it began in Sydney in 1969 and has since flourished into a global business, operating in 28 countries around the world. It has a range of home loans on offer to suit every budget, lifestyle and goal, so whether you’re buying your first home or your fifth, you’ll find a mortgage to make it happen here. And for all the globetrotters out there, you’re in luck - choosing a Macquarie home loan can also help you rack up Frequent Flyers points quicker. Check out the details below.

Rates and fees verified as correct at 17 November, 2018. Other information correct at the time of writing.

What home loans do Macquarie offer?

Fixed Rate Home Loans Fixed Rate Home Loans

The fixed rate Basic Home Loan from Macquarie is a fee free option - no service or application fees in sight. Don’t let the name fool you though, the Basic Home Loan is packed with handy features to help you save money on your mortgage like free extra repayments and the ability to make redraws. Just keep in mind that these features do come with conditions - your extra repayments are capped at 5% p.a. and redraws will attract a fee if you do it over the counter. You can also bundle your Basic Home Loan - or any Macquarie home loan for that matter - with a Macquarie Credit Card, and skip paying the annual credit card fee for the life of your loan. This loan is only available for amounts between $150,000 and $750,000, for borrowers with an LVR of less than 80%.

Home loan repayments calculator
years
Product Fixed 3 year rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

4.39% p.a.

4.25% p.a.

$0.00

$0

4.09% p.a.

3.92% p.a.

$0.00

$0

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Variable Rate Home Loans Variable Rate Home Loans

If you opt for the variable rate Basic Home Loan, you’ll get all the great features packed into the fixed rate alternative, but with added flexibility. You won’t pay upfront or service fees on this loan, and borrowers can get their hands on amounts up to $5,000,000 and in some circumstances, with an LVR up to 95%. Flexible features include unlimited fee free extra repayments, unlimited free redraws and the opportunity to take repayment holidays. You can also choose how you repay your loan by opting for fortnightly or monthly repayments, and either a principal and interest or interest only loan. If you’re a traveller, check out the Flyer option and earn Qantas points on your home loan balance.

Home loan repayments calculator
years
Product Rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

4.64% p.a.

4.65% p.a.

$0.00

$0

4.64% p.a.

4.65% p.a.

$0.00

$0

3.99% p.a.

4.00% p.a.

$0.00

$0

4.19% p.a.

4.20% p.a.

$0.00

$0

4.19% p.a.

4.20% p.a.

$0.00

$0

4.05% p.a.

4.06% p.a.

$0.00

$0

4.05% p.a.

4.06% p.a.

$0.00

$0

3.75% p.a.

3.75% p.a.

$0.00

$0

3.85% p.a.

3.86% p.a.

$0.00

$0

3.85% p.a.

3.86% p.a.

$0.00

$0

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Fixed Package Home Loan Fixed Package Home Loan

The fixed rate Offset Home Loan Package from Macquarie is similar to the fixed rate Basic Home Loan, in that it’s available for amounts up to $750,000, for borrowers with an LVR lower than 80%. It differs in that you will pay a half-yearly service fee. The tradeoff for this fee is the use of a 100% offset account to keep your home loan costs low. Other money saving features include the ability to make extra repayments up to 5% each year, choose between an interest only or principal and interest loan and make your repayments either fortnightly or monthly to suit your schedule.

Home loan repayments calculator
years
Product Fixed 3 year rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

4.39% p.a.

4.50% p.a.

$248.00 yearly

$0

4.09% p.a.

4.17% p.a.

$248.00 yearly

$0

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Variable Package Home Loan Variable Package Home Loan

Borrowers who opt for a variable rate Offset Home Loan Package from Macquarie can secure up to $5,000,000 and depending on your situation, up to 95% of the property’s value. Some of the flexible features included with this package are unlimited free extra repayments, the option to take repayment holidays, fee free online redraws and the use of a 100% offset account. You can also opt for either monthly or fortnightly repayments to suit your budget and choose either a principal and interest or interest only loan. Just keep in mind that in return for all these great features, you will pay a half-yearly service fee.

Home loan repayments calculator
years
Product Rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

4.64% p.a.

4.89% p.a.

$248.00 yearly

$0

4.64% p.a.

4.89% p.a.

$248.00 yearly

$0

3.99% p.a.

4.25% p.a.

$248.00 yearly

$0

4.19% p.a.

4.44% p.a.

$248.00 yearly

$0

4.19% p.a.

4.44% p.a.

$248.00 yearly

$0

4.05% p.a.

4.31% p.a.

$248.00 yearly

$0

4.05% p.a.

4.31% p.a.

$248.00 yearly

$0

3.75% p.a.

4.00% p.a.

$248.00 yearly

$0

3.85% p.a.

4.11% p.a.

$248.00 yearly

$0

3.85% p.a.

4.11% p.a.

$248.00 yearly

$0

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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.

‡ Results from this calculation are estimates only as individual lenders apply different formulas. Actual repayments will depend on your individual circumstances and interest rate changes.

Macquarie home loan features in a glance

No account management feesNo account management fees

Opt for a Basic Home Loan from Macquarie and you won’t pay any account management fees at all! But keep in mind that if you go for the Offset Home Loan package, you will pay a half-yearly service fee on your mortgage.

Bundling optionBundling option

Got a Macquarie credit card? Want one? When you bundle your credit card with your Macquarie home loan, the annual credit card fee will be waived for the life of your loan.

Offset accountOffset account

It’s all in the name for the Offset Account Home Loan Package! Choose this option from Macquarie in either a fixed or variable rate version and get full use of a 100% offset account.

Flyer optionFlyer option

Love to travel? You’ll love it even more with the Flyer option of a Macquarie home loan. You’ll pay a little extra interest, but in return, bag a bunch of Qantas Frequent Flyer points.

How are Macquarie home loans rated?

There’s nothing better than first hand knowledge - so if you want to find out what Macquarie’s customers think of it in a range of areas, from price, to customer service to trust, check out our customer reviews section.

Macquarie home loans

Overall 5.3

Price

Features

Customer service

Convenience

Trust

105 Reviews

Recent Macquarie home loan reviews Recent Macquarie home loan reviews

Macquarie

Macquarie Offset Home Loan (Owner Occupier, LVR<70%, Principal & Interest) (Package) home loan review

Overall rating   9 / 10

Great Customer Service

Staff always willing to help. They are polite and courteous. Changes to account structures and so forth are never a problem to achieve.

Full review

Staff always willing to help. They are polite and courteous. Changes to account structures and so forth are never a problem to achieve.

    Price   9 / 10

    Features   8 / 10

    Customer service   9 / 10

    Convenience   7 / 10

    Trust   8 / 10

Less

Stephen, Queensland, reviewed about 2 years ago

Macquarie

Macquarie Offset Home Loan (Owner Occupier, LVR<70%, Principal & Interest) (Package) home loan review

Overall rating   8 / 10

Competitive rate & easy to understand options

Good online access. No branch option but we have no need so works for us

Full review

Good online access. No branch option but we have no need so works for us

    Price   8 / 10

    Features   6 / 10

    Customer service   8 / 10

    Convenience   6 / 10

    Trust   8 / 10

Less

Susie, New South Wales, reviewed over 2 years ago

Macquarie

Macquarie Offset Home Loan (Owner Occupier, LVR<70%, Principal & Interest) (Package) home loan review

Overall rating   9 / 10

Very prompt and understanding

I have been customer with the bank for 20 years and have no issues with them.

Full review

I have been customer with the bank for 20 years and have no issues with them.

    Price   9 / 10

    Features   9 / 10

    Customer service   9 / 10

    Convenience   9 / 10

    Trust   9 / 10

Less

Le, Victoria, reviewed over 2 years ago

Macquarie

Macquarie Offset Home Loan (Owner Occupier, LVR<70%, Principal & Interest) (Package) home loan review

Overall rating   7 / 10

Good customer service

Great home loan but I hate not having a branch here in Queensland.

Full review

Great home loan but I hate not having a branch here in Queensland.

    Price   5 / 10

    Features   3 / 10

    Customer service   8 / 10

    Convenience   0 / 10

    Trust   7 / 10

Less

Kirsty, Queensland, reviewed over 2 years ago

Macquarie

Macquarie Basic Home Loan (Fixed, Owner Occupier, Principal & Interest) home loan review

Overall rating   6 / 10

Easy access, limited features.

The bank is usually early accessible, not long wait times on hold. Loan features could be improved.

Full review

The bank is usually early accessible, not long wait times on hold. Loan features could be improved.

    Price   7 / 10

    Features   5 / 10

    Customer service   7 / 10

    Convenience   6 / 10

    Trust   6 / 10

Less

Nerida, New South Wales, reviewed almost 3 years ago

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What do you need to apply for a Macquarie home loan? What do you need to apply for a Macquarie home loan?

If you’ve picked a Macquarie home loan to make your property buying dreams a reality, then you can either apply online, call Macquarie, or request a call from Macquarie’s mortgage team. Before you start, make sure you're eligible to apply with this quick checklist.

I…

  • am 18 or older
  • have an Australian address, email and phone number
  • have no more than 3 properties as security
  • am applying as an individual or joint applicant (not as a business)
When you apply, you should have a few details on hand to make the process run smoothly, including:
  • Your personal and contact details
  • Information about your financial situation, including income, assets and debts
  • Details about the property you’re planning to buy
Hide

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