Macquarie Basic Home Loan
This product is available in different versions. Pick the right version for you here.
The details shown below are for an owner occupier taking out a principal & interest loan between $150,000 and $5,000,000 with an LVR below 70%
The details shown below are for an owner occupier taking out a principal & interest loan between $150,000 and $749,999 with an LVR below 80%
The details shown below are for an owner occupier taking out a principal & interest loan between $750,000 and $5,000,000 with an LVR below 80%
The details shown below are for an owner occupier taking out a principal & interest loan between $750,000 and $5,000,000 with an LVR below 90%
The details shown below are for an owner occupier taking out a principal & interest loan between $150,000 and $749,999 with an LVR below 90%
The details shown below are for an investor taking out a principal & interest loan between $150,000 and $5,000,000 with an LVR below 70%
The details shown below are for an investor taking out a principal & interest loan between $150,000 and $749,999 with an LVR below 80%
The details shown below are for an investor taking out a principal & interest loan between $750,000 and $5,000,000 with an LVR below 80%
The details shown below are for an investor taking out a principal & interest loan between $150,000 and $749,999 with an LVR below 90%
The details shown below are for an investor taking out a principal & interest loan between $750,000 and $5,000,000 with an LVR below 90%
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 | $5,000,000 |
| | Owner Occupier | Principal & Interest | 70%-80% | $150,000 | $749,999 |
| | Owner Occupier | Principal & Interest | 70%-80% | $750,000 | $5,000,000 |
| | Owner Occupier | Principal & Interest | 80%-90% | $750,000 | $5,000,000 |
| | Owner Occupier | Principal & Interest | 80%-90% | $150,000 | $749,999 |
| | Investor | Principal & Interest | < 70% | $150,000 | $5,000,000 |
| | Investor | Principal & Interest | 70%-80% | $150,000 | $749,999 |
| | Investor | Principal & Interest | 70%-80% | $750,000 | $5,000,000 |
| | Investor | Principal & Interest | 80%-90% | $150,000 | $749,999 |
| | Investor | Principal & Interest | 80%-90% | $750,000 | $5,000,000 |
-
Owner Occupier (Principal & Interest)
LVR < 70%
Loan: $150,000 $5,000,000
-
Owner Occupier (Principal & Interest)
LVR 70%-80%
Loan: $150,000 $749,999
-
Owner Occupier (Principal & Interest)
LVR 70%-80%
Loan: $750,000 $5,000,000
-
Owner Occupier (Principal & Interest)
LVR 80%-90%
Loan: $750,000 $5,000,000
-
Owner Occupier (Principal & Interest)
LVR 80%-90%
Loan: $150,000 $749,999
-
Investor (Principal & Interest)
LVR < 70%
Loan: $150,000 $5,000,000
-
Investor (Principal & Interest)
LVR 70%-80%
Loan: $150,000 $749,999
-
Investor (Principal & Interest)
LVR 70%-80%
Loan: $750,000 $5,000,000
-
Investor (Principal & Interest)
LVR 80%-90%
Loan: $150,000 $749,999
-
Investor (Principal & Interest)
LVR 80%-90%
Loan: $750,000 $5,000,000
3.09% p.a.
3.09% p.a.
$0.00
Macquarie Basic Home Loan
3.09% p.a.
3.09% p.a.
$0.00
Macquarie Basic Home Loan
3.09% p.a.
3.09% p.a.
$0.00
3.19% p.a.
3.20% p.a.
$0.00
Macquarie Basic Home Loan
3.19% p.a.
3.20% p.a.
$0.00
Macquarie Basic Home Loan
3.19% p.a.
3.20% p.a.
$0.00
3.19% p.a.
3.20% p.a.
$0.00
Macquarie Basic Home Loan
3.19% p.a.
3.20% p.a.
$0.00
Macquarie Basic Home Loan
3.19% p.a.
3.20% p.a.
$0.00
3.39% p.a.
3.40% p.a.
$0.00
Macquarie Basic Home Loan
3.39% p.a.
3.40% p.a.
$0.00
Macquarie Basic Home Loan
3.39% p.a.
3.40% p.a.
$0.00
3.39% p.a.
3.40% p.a.
$0.00
Macquarie Basic Home Loan
3.39% p.a.
3.40% p.a.
$0.00
Macquarie Basic Home Loan
3.39% p.a.
3.40% p.a.
$0.00
3.39% p.a.
3.40% p.a.
$0.00
Macquarie Basic Home Loan
3.39% p.a.
3.40% p.a.
$0.00
Macquarie Basic Home Loan
3.39% p.a.
3.40% p.a.
$0.00
3.49% p.a.
3.50% p.a.
$0.00
Macquarie Basic Home Loan
3.49% p.a.
3.50% p.a.
$0.00
Macquarie Basic Home Loan
3.49% p.a.
3.50% p.a.
$0.00
3.49% p.a.
3.50% p.a.
$0.00
Macquarie Basic Home Loan
3.49% p.a.
3.50% p.a.
$0.00
Macquarie Basic Home Loan
3.49% p.a.
3.50% p.a.
$0.00
4.20% p.a.
4.21% p.a.
$0.00
Macquarie Basic Home Loan
4.20% p.a.
4.21% p.a.
$0.00
Macquarie Basic Home Loan
4.20% p.a.
4.21% p.a.
$0.00
4.20% p.a.
4.21% p.a.
$0.00
Macquarie Basic Home Loan
4.20% p.a.
4.21% p.a.
$0.00
Macquarie Basic Home Loan
4.20% p.a.
4.21% p.a.
$0.00
Mozo Review Macquarie Basic Home Loan Review
Last updated: 22 January 2020.
What's hot:
Low variable rates from 3.09% p.a. (3.09% p.a. comparison rate*)
Free extra repayments and redraw facility
Split account option
No upfront or ongoing fees
What's not:
$400 discharge fee
Monthly repayments
Mozo snapshot:
So you’ve found your dream home, now all that’s left is to find the right home loan to make it official. Well, with super-competitive variable interest rates from 3.09% p.a. (3.09% p.a. comparison rate*), minimal fees and tonnes of features like free extra repayments, a free redraw facility, a split account option, plus so much more, the Macquarie Basic Home Loan could do just the trick!
Key features:
With low variable rates from 3.09% p.a. ((3.09% p.a. comparison rate*) yes, you read that correctly) on owner-occupier loans between $150,000 and $5,000,000, with a 70.00% maximum LVR, let’s just say that the Macquarie Basic Home Loan is anything but ‘basic’!
The Macquarie Basic Home Loan offers variable rates from 3.19% p.a. (3.20% p.a. comparison rate*) for borrowers looking for an owner-occupier home loan option with an LVR above 80.00%. On the other hand, if you’re after an investor loan with a 70.00% maximum LVR, then variable rates start from 3.39% p.a. (3.40% p.a. comparison rate*).
On top of great rates, the Macquarie Basic Home Loan has loads of flexible features, such as the ability to make free extra loan repayments, as well as a free redraw facility, so you can dip into those extra repayments should you ever need access to extra funds.
But that’s not all, folks! Aside from a $400 discharge fee, the Macquarie Basic Home Loan has no regular fee charges, plus, it even offers a split account option, meaning you’ll be able to split between variable and fixed rates.
To top it all off, this home loan offers a frequent flyer option for an extra 0.05%, giving you the chance to earn 10,000 Qantas Points per $100,000 borrowed, 1,000 Points per month (on balances over $150,000) and 25,000 Points on your 3rd and 5th anniversary.
Who it's good for:
From hot rates to fab features, the Macquarie Basic Home Loan could be a great option for Aussies looking to buy a new home, especially those with enough money set aside for the 30% minimum deposit required for the lowest 3.09% (3.09% comparison rate*) rate tier.
Any catches?
While the Macquarie Basic Home Loan doesn’t charge any regular account fees, keep in mind that there is a $400 discharge fee that you’ll need to budget for, plus you'll only be able to make your repayments on a monthly basis.
Details
Rates and fees information correct as at 26 February 2020. 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
-
3.09% p.a.
-
n/a
-
n/a
-
n/a
-
3.09% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$0.00
-
$0.00
-
$0.00
-
$0.00
-
n/a
-
$0.00
-
$400.00
Other financial bits
-
$150,000
-
$5,000,000
-
none
-
70.00%
Features
-
Owner Occupier
-
Principal & Interest
-
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
Details
Rates and fees information correct as at 26 February 2020. 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
-
3.19% p.a.
-
n/a
-
n/a
-
n/a
-
3.20% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$0.00
-
$0.00
-
$0.00
-
$0.00
-
n/a
-
$0.00
-
$400.00
Other financial bits
-
$150,000
-
$749,999
-
70.00%
-
80.00%
Features
-
Owner Occupier
-
Principal & Interest
-
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
Details
Rates and fees information correct as at 26 February 2020. 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
-
3.19% p.a.
-
n/a
-
n/a
-
n/a
-
3.20% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$0.00
-
$0.00
-
$0.00
-
$0.00
-
n/a
-
$0.00
-
$400.00
Other financial bits
-
$750,000
-
$5,000,000
-
70.00%
-
80.00%
Features
-
Owner Occupier
-
Principal & Interest
-
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
Details
Rates and fees information correct as at 26 February 2020. 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
-
3.39% p.a.
-
n/a
-
n/a
-
n/a
-
3.40% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$0.00
-
$0.00
-
$0.00
-
$0.00
-
n/a
-
$0.00
-
$400.00
Other financial bits
-
$750,000
-
$5,000,000
-
80.00%
-
90.00%
Features
-
Owner Occupier
-
Principal & Interest
-
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
Details
Rates and fees information correct as at 26 February 2020. 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
-
3.39% p.a.
-
n/a
-
n/a
-
n/a
-
3.40% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$0.00
-
$0.00
-
$0.00
-
$0.00
-
n/a
-
$0.00
-
$400.00
Other financial bits
-
$150,000
-
$749,999
-
80.00%
-
90.00%
Features
-
Owner Occupier
-
Principal & Interest
-
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
Details
Rates and fees information correct as at 26 February 2020. 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
-
3.39% p.a.
-
n/a
-
n/a
-
n/a
-
3.40% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$0.00
-
$0.00
-
$0.00
-
$0.00
-
n/a
-
$0.00
-
$400.00
Other financial bits
-
$150,000
-
$5,000,000
-
none
-
70.00%
Features
-
Investor
-
Principal & Interest
-
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
Details
Rates and fees information correct as at 26 February 2020. 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
-
3.49% p.a.
-
n/a
-
n/a
-
n/a
-
3.50% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$0.00
-
$0.00
-
$0.00
-
$0.00
-
n/a
-
$0.00
-
$400.00
Other financial bits
-
$150,000
-
$749,999
-
70.00%
-
80.00%
Features
-
Investor
-
Principal & Interest
-
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
Details
Rates and fees information correct as at 26 February 2020. 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
-
3.49% p.a.
-
n/a
-
n/a
-
n/a
-
3.50% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$0.00
-
$0.00
-
$0.00
-
$0.00
-
n/a
-
$0.00
-
$400.00
Other financial bits
-
$750,000
-
$5,000,000
-
70.00%
-
80.00%
Features
-
Investor
-
Principal & Interest
-
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
Details
Rates and fees information correct as at 26 February 2020. 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
-
4.20% p.a.
-
n/a
-
n/a
-
n/a
-
4.21% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$0.00
-
$0.00
-
$0.00
-
$0.00
-
n/a
-
$0.00
-
$400.00
Other financial bits
-
$150,000
-
$749,999
-
80.00%
-
90.00%
Features
-
Investor
-
Principal & Interest
-
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
Details
Rates and fees information correct as at 26 February 2020. 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
-
4.20% p.a.
-
n/a
-
n/a
-
n/a
-
4.21% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$0.00
-
$0.00
-
$0.00
-
$0.00
-
n/a
-
$0.00
-
$400.00
Other financial bits
-
$750,000
-
$5,000,000
-
80.00%
-
90.00%
Features
-
Investor
-
Principal & Interest
-
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
Customer Reviews
How are Macquarie home loans rated by the Mozo community?
Latest reviews of Macquarie Basic Home Loan
-
Greedy and condescending.
Zero focus on what is in the best interest of the customer.
Read full reviewZero focus on what is in the best interest of the customer.
Price6/10Features4/10Customer service1/10Convenience1/10LessTrust1/10 -
Courteous, well informed & quick responses.
Easy to contact. Always polite & sorts out any enquiries promptly. Acts on interest changes to accounts promptly without the need to phone and chase.
Read full reviewEasy to contact. Always polite & sorts out any enquiries promptly. Acts on interest changes to accounts promptly without the need to phone and chase.
Price10/10Features10/10Customer service10/10Convenience7/10LessTrust10/10 -
Do not stick with the major banks.
Best bank in my opinion.
Read full reviewBest bank in my opinion.
Price10/10Features10/10Customer service10/10Convenience10/10LessTrust10/10 -
Very Happy.
So pleased with my home loan. Macquarie pass on the interest cuts no problem.
Read full reviewSo pleased with my home loan. Macquarie pass on the interest cuts no problem.
Price10/10Features7/10Customer service8/10Convenience5/10LessTrust8/10 -
Too many fees
Almost $400 in annual fees. Interest rates aren't very good and they charged an exit fee when I refinanced, which I thought the government abolished a few years ago.
Read full reviewAlmost $400 in annual fees. Interest rates aren't very good and they charged an exit fee when I refinanced, which I thought the government abolished a few years ago.
Price2/10Features2/10Customer service2/10Convenience1/10LessTrust1/10
About Macquarie
Macquarie a global financial provider offers a variety of services to its clients. Macquarie provides a variety of products including banking, financial, advisory, investment and funds management services. Since its founding in 1969 Macquarie has become one of Australia's largest companies today.
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3.47% p.a.
$520
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