The details shown below are for an owner occupier taking out a principal & interest loan between $150,000 and $750,000 with an LVR below 70%
The details shown below are for an owner occupier taking out a principal & interest loan between $150,000 and $750,000 with an LVR below 80%
The details shown below are for an investor taking out a principal & interest loan between $150,000 and $750,000 with an LVR below 80%
Choose the version of this loan that suits you best
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
| | Owner Occupier | Principal & Interest | < 70% | $150,000 | $750,000 |
| | Owner Occupier | Principal & Interest | 70%-80% | $150,000 | $750,000 |
| | Investor | Principal & Interest | < 80% | $150,000 | $750,000 |
Owner Occupier (Principal & Interest)
LVR < 70%
Loan: $150,000 $750,000
Owner Occupier (Principal & Interest)
LVR 70%-80%
Loan: $150,000 $750,000
Investor (Principal & Interest)
LVR < 80%
Loan: $150,000 $750,000
Want a home loan with competitive fixed rates on a range of terms and a tonne of handy features? Macquarie Bank’s Basic Home Loan (Fixed) may be exactly what you have been looking for. With a fixed three year rate starting at 2.09% (2.32% comparison rate*), no upfront or ongoing fees and free extra repayments and redraws, this loan is both easy on the wallet and flexible. Also a member with Qantas Frequent Flyer? Macquarie Bank also offer borrowers the option to earn Qantas Points over the life of the loan.
The Macquarie Basic Home Loan (Fixed) offers competitive rates for both owner occupiers and investors on a range of different fixed terms. For owner occupiers borrowing up to 70% of the property value, and making both principal and interest repayments, they could benefit from a 2.09% 3 year fixed rate (2.32% comparison rate*), while investors receive a 2.39% 3 year fixed rate (2.47% comparison rate*).
Not only can you lock in a solid rate at the start of your loan, throughout the life of your mortgage Macquarie offers features like repayment holidays and complimentary extra repayments, as long as you’ve made your minimum repayments. And if you need to access those extra repayments down the track, the Macquarie Basic Home Loan (Fixed) also has a free redraw facility without a minimum redraw amount, giving you the freedom to take back the exact amount you need.
Looking for a little more? If you’re a Qantas Frequent Flyer member, or want to be one, you can earn Qantas points with the Macquarie Basic Home Loan (Fixed). But before you go and book your next flight, there are a few conditions. To be eligible, borrowers must add 0.05% to their fixed and variable rates on their home loan. They can then earn 10k points per $100k borrowed, 1,000 points every month for balances over $150k and 25k on the 3rd and 5th anniversaries of their home loan. While the points might sound like a small pot of gold when you first take out your loan, keep in mind this will increase your rate by 0.05%, so crunch some numbers and weigh up whether a 0.05% interest rate increase is worth it.
If you want to avoid paying extra fees, you’ll be happy to know there are no upfront or ongoing fees on the Macquarie Basic Home Loan (Fixed). Keep in mind though, you will be slapped with a $400 discharge fee at the end of your loan.
Macquarie Bank’s Basic Home Loan (Fixed) could be a suitable option for borrowers who want more out of their home loan than just a competitive fixed rate, with flexible features and the opportunity to earn Qantas Points.
While there are no application or ongoing fees throughout the life of this loan, don’t forget that you will be charged a $400 discharge fee once you have paid out your loan.
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| n/a | |
| n/a | |
| 2.09% (2.36%*) | |
| 2.09% (2.34%*) | |
| 2.09% (2.32%*) | |
| 2.69% (2.46%*) | |
| 2.79% (2.53%*) | |
| n/a | |
| n/a | |
| 2.34% p.a. |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| n/a | |
| $0.00 | |
| $400.00 |
| $150,000 | |
| $750,000 | |
| none | |
| 70.00% |
| Monthly | |
| yes - free | |
| yes | |
| yes - free | |
| none | |
| yes | |
| no | |
| none | |
| Flyer option available for extra 0.05% to earn 10k Qantas Points per $100k borrowed, 1,000 Points per month on balances over $150k and 25k Points on 3rd and 5th anniversary. | |
| none |
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.
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| n/a | |
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| n/a | |
| 2.09% (2.38%*) | |
| 2.09% (2.35%*) | |
| 2.19% (2.42%*) | |
| 2.79% (2.53%*) | |
| 2.89% (2.60%*) | |
| n/a | |
| n/a | |
| 2.39% p.a. |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| n/a | |
| $0.00 | |
| $400.00 |
| $150,000 | |
| $750,000 | |
| 70.00% | |
| 80.00% |
| Monthly | |
| yes - free | |
| yes | |
| yes - free | |
| none | |
| yes | |
| no | |
| none | |
| Flyer option available for extra 0.05% to earn 10k Qantas Points per $100k borrowed, 1,000 Points per month on balances over $150k and 25k Points on 3rd and 5th anniversary. | |
| none |
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.
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| 2.49% (2.59%*) | |
| 2.49% (2.59%*) | |
| 2.59% (2.60%*) | |
| 2.99% (2.73%*) | |
| 2.99% (2.76%*) | |
| n/a | |
| n/a | |
| 2.59% p.a. |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| n/a | |
| $0.00 | |
| $400.00 |
| $150,000 | |
| $750,000 | |
| none | |
| 80.00% |
| Monthly | |
| yes - free | |
| yes | |
| yes - free | |
| none | |
| yes | |
| no | |
| none | |
| Flyer option available for extra 0.05% to earn 10k Qantas Points per $100k borrowed, 1,000 Points per month on balances over $150k and 25k Points on 3rd and 5th anniversary. | |
| none |
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.
Pro: ~ i got my loans approved in just 3 days while other banks may take a month to do so ~ got a conditional approval after just 1.5hours phone call ~ cheap rate, and accept apartment as security as well ~ super responsive staff members, they allocate their time to help you with tight settlement date Cons: None so far
Read full reviewPro: ~ i got my loans approved in just 3 days while other banks may take a month to do so ~ got a conditional approval after just 1.5hours phone call ~ cheap rate, and accept apartment as security as well ~ super responsive staff members, they allocate their time to help you with tight settlement date Cons: None so far
Not in touch with interest rates. Hard to access.
Read full reviewNot in touch with interest rates. Hard to access.
The bank is usually early accessible, not long wait times on hold. Loan features could be improved.
Read full reviewThe bank is usually early accessible, not long wait times on hold. Loan features could be improved.
When I was looking to purchase a home, I was successfully self employed running a transport business, no one would finance me even though I had three years of 25k/mth going through an IMB account Macquarie took me on even when I had applied to one to many banks before approaching them. So to explain my direction here; all home loans are pretty much the same governed on how personally financial a client is, for a "bank" to show enough faith in me ( a stranger no less) and take my hand in a shake that means so much on your first home purchase was very significant, nearly all younger first home buyers are motivated by providing a house (usually to an existing family unit) as a necessity to cost effectiveness versus rentals, with a lower mortgage repayment than rent, that could mean the difference between fresh bread or "toast again" for dinner.The moral to this is: a lot of banks in whatever way you would like to disguise it are the opposite of what they claim to be, instead of being the "suiters" they are effectively the "kings daughter" picking and choosing clients, making the less wealthy work harder, and ultimately giving the client a mortgage which in turns puts a lot of pressure and emotional burden usually as a last hope effort of gaining a home on a less fortunate or priveledged individial. All this based on a very less than honest marketed wholesome agenda portrayed in advertising. To sell to the "Australian" in this country is to know your communities, any hard working "Aussie" would blindly show loyalty over a slightly better deal because of the actual culture, as a result, the banks in my opinion would profit more long term with higher annual sign up data and repeat customer numbers which would outway the short-mid profit margin at the most bi-annually, serious thinking for both CEO's and Marketing proffessionals alike
Read full reviewWhen I was looking to purchase a home, I was successfully self employed running a transport business, no one would finance me even though I had three years of 25k/mth going through an IMB account Macquarie took me on even when I had applied to one to many banks before approaching them. So to explain my direction here; all home loans are pretty much the same governed on how personally financial a client is, for a "bank" to show enough faith in me ( a stranger no less) and take my hand in a shake that means so much on your first home purchase was very significant, nearly all younger first home buyers are motivated by providing a house (usually to an existing family unit) as a necessity to cost effectiveness versus rentals, with a lower mortgage repayment than rent, that could mean the difference between fresh bread or "toast again" for dinner.The moral to this is: a lot of banks in whatever way you would like to disguise it are the opposite of what they claim to be, instead of being the "suiters" they are effectively the "kings daughter" picking and choosing clients, making the less wealthy work harder, and ultimately giving the client a mortgage which in turns puts a lot of pressure and emotional burden usually as a last hope effort of gaining a home on a less fortunate or priveledged individial. All this based on a very less than honest marketed wholesome agenda portrayed in advertising. To sell to the "Australian" in this country is to know your communities, any hard working "Aussie" would blindly show loyalty over a slightly better deal because of the actual culture, as a result, the banks in my opinion would profit more long term with higher annual sign up data and repeat customer numbers which would outway the short-mid profit margin at the most bi-annually, serious thinking for both CEO's and Marketing proffessionals alike
Always act promptly and always helpful and pleasant.
Read full reviewAlways act promptly and always helpful and pleasant.
loans.com.au
Smart Booster Home Loan
1.85% p.a.variable for 24 months and then 2.25% p.a. variable
2.21% p.a.
loans.com.au
Smart Booster Home Loan
1.85% p.a.variable for 24 months and then 2.25% p.a. variable
2.21% p.a.
Bank of Queensland
Fixed Rate
1.94% p.a.
fixed 3 years
2.97% p.a.
loans.com.au
Smart Booster Home Loan
1.85% p.a.variable for 24 months and then 2.25% p.a.
2.21% p.a.
Newcastle Permanent
Fixed Rate Home Loan (Premium Plus Package)
2.09% p.a.
fixed 3 years
3.58% p.a.
Bank of Queensland
Fixed Rate
1.94% p.a.
fixed 3 years
2.97% p.a.
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.
