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Macquarie Basic Home Loan (Fixed)

Advertiser disclosure
The details shown below are for an owner occupier taking out a principal & interest loan between $150,000 and $10,000,000 with an LVR below 70%
The details shown below are for an owner occupier taking out a principal & interest loan between $150,000 and $10,000,000 with an LVR below 80%
The details shown below are for an owner occupier taking out a principal & interest loan between $150,000 and $10,000,000 with an LVR below 95%
The details shown below are for an owner occupier taking out a interest only loan between $150,000 and $10,000,000 with an LVR below 70%
The details shown below are for an owner occupier taking out a interest only loan between $150,000 and $10,000,000 with an LVR below 80%
The details shown below are for an investor taking out a principal & interest loan between $150,000 and $10,000,000 with an LVR below 70%
The details shown below are for an investor taking out a principal & interest loan between $150,000 and $10,000,000 with an LVR below 80%
The details shown below are for an investor taking out a principal & interest loan between $150,000 and $10,000,000 with an LVR below 90%
The details shown below are for an investor taking out a interest only loan between $150,000 and $10,000,000 with an LVR below 70%
The details shown below are for an investor taking out a interest only loan between $150,000 and $10,000,000 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 $10,000,000
Owner Occupier Principal & Interest 70%-80% $150,000 $10,000,000
Owner Occupier Principal & Interest 90%-95% $150,000 $10,000,000
Owner Occupier Interest Only < 70% $150,000 $10,000,000
Owner Occupier Interest Only 70%-80% $150,000 $10,000,000
Investor Principal & Interest < 70% $150,000 $10,000,000
Investor Principal & Interest 70%-80% $150,000 $10,000,000
Investor Principal & Interest 80%-90% $150,000 $10,000,000
Investor Interest Only < 70% $150,000 $10,000,000
Investor Interest Only 70%-80% $150,000 $10,000,000
  • Owner Occupier (Principal & Interest)
    LVR < 70%
    Loan: $150,000 $10,000,000
  • Owner Occupier (Principal & Interest)
    LVR 70%-80%
    Loan: $150,000 $10,000,000
  • Owner Occupier (Principal & Interest)
    LVR 90%-95%
    Loan: $150,000 $10,000,000
  • Owner Occupier (Interest Only)
    LVR < 70%
    Loan: $150,000 $10,000,000
  • Owner Occupier (Interest Only)
    LVR 70%-80%
    Loan: $150,000 $10,000,000
  • Investor (Principal & Interest)
    LVR < 70%
    Loan: $150,000 $10,000,000
  • Investor (Principal & Interest)
    LVR 70%-80%
    Loan: $150,000 $10,000,000
  • Investor (Principal & Interest)
    LVR 80%-90%
    Loan: $150,000 $10,000,000
  • Investor (Interest Only)
    LVR < 70%
    Loan: $150,000 $10,000,000
  • Investor (Interest Only)
    LVR 70%-80%
    Loan: $150,000 $10,000,000
Fixed 3 year rate
5.99% p.a.
Comparison Rate
6.13% p.a.
Service fee
$0.00
Upfront fee
$350
Go to site
Fixed 3 year rate
6.09% p.a.
Comparison Rate
6.19% p.a.
Service fee
$0.00
Upfront fee
$350
Go to site
Fixed 3 year rate
6.49% p.a.
Comparison Rate
7.01% p.a.
Service fee
$0.00
Upfront fee
$350
Fixed 3 year rate
6.49% p.a.
Comparison Rate
6.59% p.a.
Service fee
$0.00
Upfront fee
$350
Fixed 3 year rate
6.59% p.a.
Comparison Rate
6.73% p.a.
Service fee
$0.00
Upfront fee
$350
Fixed 3 year rate
6.29% p.a.
Comparison Rate
6.35% p.a.
Service fee
$0.00
Upfront fee
$350
Fixed 3 year rate
6.39% p.a.
Comparison Rate
6.46% p.a.
Service fee
$0.00
Upfront fee
$350
Fixed 3 year rate
6.59% p.a.
Comparison Rate
7.11% p.a.
Service fee
$0.00
Upfront fee
$350
Fixed 3 year rate
6.49% p.a.
Comparison Rate
6.59% p.a.
Service fee
$0.00
Upfront fee
$350
Fixed 3 year rate
6.59% p.a.
Comparison Rate
6.73% p.a.
Service fee
$0.00
Upfront fee
$350

Mozo editorial review Macquarie Basic Home Loan (Fixed) - last updated: 30 January 2024

4 / 5
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What's hot
  • 5.99% p.a. fixed 3 year rate (6.13% p.a. comparison rate*)
  • Free extra repayments and redraw facility
  • No upfront or ongoing fees
What's not
  • $400 discharge fee
  • No offset account
Mozo snapshot

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 5.99% p.a. fixed 3 year rate (6.13% p.a. comparison rate*), no upfront or ongoing fees and free extra repayments and redraws, this loan is both easy on the wallet and flexible. 

key icon
Key features

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 5.99% p.a. fixed 3 year rate (6.13% p.a. comparison rate*), while investors receive a 6.29% p.a. 3 year fixed rate (6.35% p.a. 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.  

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.

snapshot
Who is it good for

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.

question icon
Any catches

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.

Picture of Niko Iliakis
Niko Iliakis
Money writer

Niko Iliakis worked as a finance journalist at Mozo for four year until his departure in April 2023. He specialised in home loans, property and interest rate movements. With an eye for facts and figures, Niko deep-dived into topics to help readers understand key info and make more informed financial decisions. He is ASIC RG146 (Tier 2) certified for general advice.

Details

Rates and fees information correct as at 22 February 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

n/a

n/a

n/a

n/a

6.39% (6.20%*)

6.09% (6.16%*)

5.99% (6.13%*)

6.19% (6.19%*)

6.19% (6.19%*)

n/a

n/a

6.15% p.a.

Fees

$0.00

$350.00

$0.00

$0.00

n/a

$0.00

$400.00

Other financial bits

$150,000

$10,000,000

none

70.00%

Features

Monthly

yes - up to $10,000 p.a.

yes

yes - free

none

yes

no

none

none

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.

Details

Rates and fees information correct as at 22 February 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

n/a

n/a

n/a

n/a

6.49% (6.25%*)

6.15% (6.21%*)

6.09% (6.19%*)

6.25% (6.24%*)

6.25% (6.24%*)

n/a

n/a

6.19% p.a.

Fees

$0.00

$350.00

$0.00

$0.00

n/a

$0.00

$400.00

Other financial bits

$150,000

$10,000,000

70.00%

80.00%

Features

Monthly

yes - up to $10,000 p.a.

yes

yes - free

none

yes

no

none

none

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.

Details

Rates and fees information correct as at 22 February 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

n/a

n/a

n/a

n/a

6.75% (7.17%*)

6.49% (7.07%*)

6.49% (7.01%*)

6.65% (7.01%*)

6.65% (6.97%*)

n/a

n/a

7.19% p.a.

Fees

$0.00

$350.00

$0.00

$0.00

n/a

$0.00

$400.00

Other financial bits

$150,000

$10,000,000

90.00%

95.00%

Features

Monthly

yes - up to $10,000 p.a.

yes

yes - free

none

yes

no

none

none

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.

Details

Rates and fees information correct as at 22 February 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

n/a

n/a

n/a

n/a

6.69% (6.63%*)

6.49% (6.60%*)

6.49% (6.59%*)

6.55% (6.60%*)

6.55% (6.60%*)

n/a

n/a

6.59% p.a.

Fees

$0.00

$350.00

$0.00

$0.00

n/a

$0.00

$400.00

Other financial bits

$150,000

$10,000,000

none

70.00%

Features

Monthly

yes - up to $10,000 p.a.

yes

yes - free

none

yes

no

none

none

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.

Details

Rates and fees information correct as at 22 February 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

n/a

n/a

n/a

n/a

7.79% (6.78%*)

6.59% (6.74%*)

6.59% (6.73%*)

6.65% (6.74%*)

6.65% (6.73%*)

n/a

n/a

6.75% p.a.

Fees

$0.00

$350.00

$0.00

$0.00

n/a

$0.00

$400.00

Other financial bits

$150,000

$10,000,000

70.00%

80.00%

Features

Monthly

yes - up to $10,000 p.a.

yes

yes - free

none

yes

no

none

none

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.

Details

Rates and fees information correct as at 22 February 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

n/a

n/a

n/a

n/a

6.49% (6.38%*)

6.29% (6.35%*)

6.29% (6.35%*)

6.39% (6.38%*)

6.39% (6.39%*)

n/a

n/a

6.34% p.a.

Fees

$0.00

$350.00

$0.00

$0.00

n/a

$0.00

$400.00

Other financial bits

$150,000

$10,000,000

none

70.00%

Features

Monthly

yes - up to $10,000 p.a.

yes

yes - free

none

yes

no

none

none

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.

Details

Rates and fees information correct as at 22 February 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

n/a

n/a

n/a

n/a

6.59% (6.49%*)

6.39% (6.46%*)

6.39% (6.46%*)

6.49% (6.49%*)

6.49% (6.49%*)

n/a

n/a

6.45% p.a.

Fees

$0.00

$350.00

$0.00

$0.00

n/a

$0.00

$400.00

Other financial bits

$150,000

$10,000,000

70.00%

80.00%

Features

Monthly

yes - up to $10,000 p.a.

yes

yes - free

none

yes

no

none

none

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.

Details

Rates and fees information correct as at 22 February 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

n/a

n/a

n/a

n/a

6.89% (7.27%*)

6.59% (7.17%*)

6.59% (7.11%*)

6.69% (7.09%*)

6.69% (7.05%*)

n/a

n/a

7.29% p.a.

Fees

$0.00

$350.00

$0.00

$0.00

n/a

$0.00

$400.00

Other financial bits

$150,000

$10,000,000

80.00%

90.00%

Features

Monthly

yes - up to $10,000 p.a.

yes

yes - free

none

yes

no

none

none

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.

Details

Rates and fees information correct as at 22 February 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

n/a

n/a

n/a

n/a

6.69% (6.63%*)

6.49% (6.60%*)

6.49% (6.59%*)

6.55% (6.60%*)

6.55% (6.60%*)

n/a

n/a

6.59% p.a.

Fees

$0.00

$350.00

$0.00

$0.00

n/a

$0.00

$400.00

Other financial bits

$150,000

$10,000,000

none

70.00%

Features

Monthly

yes - up to $10,000 p.a.

yes

yes - free

none

yes

no

none

none

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.

Details

Rates and fees information correct as at 22 February 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

n/a

n/a

n/a

n/a

6.79% (6.78%*)

6.59% (6.74%*)

6.59% (6.73%*)

6.65% (6.74%*)

6.65% (6.73%*)

n/a

n/a

6.75% p.a.

Fees

$0.00

$350.00

$0.00

$0.00

n/a

$0.00

$400.00

Other financial bits

$150,000

$10,000,000

70.00%

80.00%

Features

Monthly

yes - up to $10,000 p.a.

yes

yes - free

none

yes

no

none

none

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.

Customer Reviews

How are Macquarie home loans rated by the Mozo community?

Overall
Price
Features
Customer service
Convenience
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Latest reviews of Macquarie Basic Home Loan (Fixed)

About Macquarie

Thumbnail icon for Macquarie
Macquarie

Offset Home Loan (Package)

6.15% p.a.

6.40% p.a.

$248.00 yearly

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan

6.15% p.a.

6.17% p.a.

$0.00

Thumbnail icon for Unloan
Unloan

Variable

5.99% p.a. variable

5.90% p.a.

Thumbnail icon for Up
Up

Home Fixed Rate

5.80% p.a.
fixed 3 years

6.05% p.a.

Thumbnail icon for Sucasa
Sucasa

Ultra Low Rate

6.30% p.a. variable

6.58% p.a.

Thumbnail icon for ubank
ubank

Neat Home Loan

6.09% p.a. variable

6.11% p.a.

Thumbnail icon for Up
Up

Home Variable Rate

6.15% p.a. variable

6.15% p.a.

Thumbnail icon for Unloan
Unloan

Variable

6.29% p.a. variable

6.20% p.a.

Thumbnail icon for ubank
ubank

Flex Home Loan Fixed

6.64% p.a.
fixed 3 years

6.52% p.a.

Thumbnail icon for Aussie
Aussie

Elevate

6.09% p.a. variable

6.20% p.a.

Thumbnail icon for Unloan
Unloan

Variable

5.99% p.a. variable

5.90% p.a.

Thumbnail icon for Up
Up

Home Variable Rate

6.15% p.a. variable

6.15% p.a.

Thumbnail icon for Sucasa
Sucasa

Ultra Low Rate

6.30% p.a. variable

6.58% p.a.

Thumbnail icon for ubank
ubank

Neat Home Loan

6.09% p.a. variable

6.11% p.a.

Thumbnail icon for Unloan
Unloan

Variable

6.29% p.a. variable

6.20% p.a.

Thumbnail icon for ubank
ubank

Flex Home Loan Fixed

6.64% p.a.
fixed 3 years

6.52% p.a.

Thumbnail icon for Up
Up

Home Fixed Rate

5.80% p.a.
fixed 3 years

6.05% p.a.

Thumbnail icon for ubank
ubank

Flex Home Loan

6.19% p.a. variable

6.43% p.a.

Thumbnail icon for Unloan
Unloan

Variable

5.99% p.a.

5.90% p.a.

Thumbnail icon for Up
Up

Home Variable Rate

6.15% p.a.

6.15% p.a.

Thumbnail icon for Sucasa
Sucasa

Ultra Low Rate

6.30% p.a.

6.58% p.a.

Thumbnail icon for ubank
ubank

Neat Home Loan

6.09% p.a.

6.11% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan

6.15% p.a.

6.17% p.a.

Thumbnail icon for ubank
ubank

Flex Home Loan Fixed

p.a.

6.52% p.a.

Thumbnail icon for Aussie
Aussie

Elevate

6.09% p.a.

6.20% p.a.

Thumbnail icon for ubank
ubank

Flex Home Loan

6.19% p.a.

6.43% p.a.

Thumbnail icon for ubank
ubank

Flex Home Loan Fixed

6.64% p.a.
fixed 3 years

6.56% p.a.

Thumbnail icon for ING
ING

Fixed Rate Loan (with Orange Advantage)

6.29% p.a.
fixed 3 years

6.24% p.a.

Thumbnail icon for ubank
ubank

Flex Home Loan Fixed

6.64% p.a.
fixed 3 years

6.56% 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.

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