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 60%
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 owner occupier, investor taking out a interest only loan between $150,000 and $5,000,000 with an LVR below 70%
The details shown below are for an owner occupier, investor taking out a interest only loan between $150,000 and $5,000,000 with an LVR below 80%
The details shown below are for an owner occupier, investor taking out a interest only loan between $150,000 and $5,000,000 with an LVR below 60%
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 60%
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 | < 60% | $150,000 | $5,000,000 |
| | 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 |
| | Owner Occupier, Investor | Interest Only | < 70% | $150,000 | $5,000,000 |
| | Owner Occupier, Investor | Interest Only | 70%-80% | $150,000 | $5,000,000 |
| | Owner Occupier, Investor | Interest Only | < 60% | $150,000 | $5,000,000 |
| | Investor | Principal & Interest | < 60% | $150,000 | $5,000,000 |
| | 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 < 60%
Loan: $150,000 $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
Owner Occupier, Investor (Interest Only)
LVR < 70%
Loan: $150,000 $5,000,000
Owner Occupier, Investor (Interest Only)
LVR 70%-80%
Loan: $150,000 $5,000,000
Owner Occupier, Investor (Interest Only)
LVR < 60%
Loan: $150,000 $5,000,000
Investor (Principal & Interest)
LVR < 60%
Loan: $150,000 $5,000,000
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
You’ve found your dream home, now all that’s left is to find the right home loan to make it official. Well, with competitive variable interest rates starting at 2.49% (2.49% comparison rate*), minimal fees and a range of features like free extra repayments, a free redraw facility and a split account option, the Basic Home Loan from Macquarie could do the trick!
Let's start with the basics. The Macquarie Basic Home Loan is available to both owner occupiers and investors, with minimum loan amounts starting from $100,000 up to maximum loan amounts of $5,000,000, and there are both principal and interest and interest-only repayments options.
In regards to the interest rate you'll receive, this will vary depending on all the factors above, as well as your loan-to-value ratio (LVR) as a borrower. Currently the lowest variable rates on offer with the Basic Home Loan are:
On top of competitive rates the Macquarie Basic Home Loan has a number of flexible features, such as the ability to make free extra loan repayments and a free redraw facility that will enable you to dip into those extra repayments should you ever need access to extra funds. Plus, it even offers a split account option so you can split between variable and fixed rates, as well as the option to take a repayment holiday.
Aside from a $400 discharge fee, the Macquarie Basic Home Loan has no ongoing fees nor any upfront fees.
To top it all off, the home loan offers a frequent flyer option for an extra 0.05%, giving borrowers 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.
From low rates to handy features, the Macquarie Basic Home Loan could be a great option for all sorts of borrowers, especially those with enough money set aside for the 40% minimum deposit required for the lowest 2.49% (2.49% comparison rate*) rate tier.
While the Basic Home Loan does come with its fair share of features, there's no offset account available. So if that's a feature you can't do without, you may want to take a look at the Offset Home Loan (Package) from Macquarie instead.
2.49% p.a.
n/a
n/a
n/a
2.49% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$0.00
n/a
$0.00
$400.00
$150,000
$5,000,000
none
60.00%
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
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.
2.54% p.a.
n/a
n/a
n/a
2.54% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$0.00
n/a
$0.00
$400.00
$150,000
$5,000,000
none
70.00%
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
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.
2.64% p.a.
n/a
n/a
n/a
2.64% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$0.00
n/a
$0.00
$400.00
$150,000
$749,999
70.00%
80.00%
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
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.
2.64% p.a.
n/a
n/a
n/a
2.64% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$0.00
n/a
$0.00
$400.00
$750,000
$5,000,000
70.00%
80.00%
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
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.
3.04% p.a.
n/a
n/a
n/a
3.05% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$0.00
n/a
$0.00
$400.00
$750,000
$5,000,000
80.00%
90.00%
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
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.
3.04% p.a.
n/a
n/a
n/a
3.05% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$0.00
n/a
$0.00
$400.00
$150,000
$749,999
80.00%
90.00%
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
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.
2.99% p.a.
n/a
n/a
n/a
3.00% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$0.00
n/a
$0.00
$400.00
$150,000
$5,000,000
none
70.00%
Owner Occupier, Investor
Interest Only
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.
3.24% p.a.
n/a
n/a
n/a
3.25% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$0.00
n/a
$0.00
$400.00
$150,000
$5,000,000
70.00%
80.00%
Owner Occupier, Investor
Interest Only
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.
2.99% p.a.
n/a
n/a
n/a
3.00% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$0.00
n/a
$0.00
$400.00
$150,000
$5,000,000
none
60.00%
Owner Occupier, Investor
Interest Only
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.
2.69% p.a.
n/a
n/a
n/a
2.69% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$0.00
n/a
$0.00
$400.00
$150,000
$5,000,000
none
60.00%
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
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.
2.79% p.a.
n/a
n/a
n/a
2.80% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$0.00
n/a
$0.00
$400.00
$150,000
$5,000,000
none
70.00%
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
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.
2.89% p.a.
n/a
n/a
n/a
2.90% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$0.00
n/a
$0.00
$400.00
$150,000
$749,999
70.00%
80.00%
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
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.
2.89% p.a.
n/a
n/a
n/a
2.90% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$0.00
n/a
$0.00
$400.00
$750,000
$5,000,000
70.00%
80.00%
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
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.
3.85% p.a.
n/a
n/a
n/a
3.86% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$0.00
n/a
$0.00
$400.00
$150,000
$749,999
80.00%
90.00%
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
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.
3.85% p.a.
n/a
n/a
n/a
3.86% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$0.00
n/a
$0.00
$400.00
$750,000
$5,000,000
80.00%
90.00%
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
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.
Like the offset accounts and rate of home loan, easy online functions, however some functions require forms to be completed instead of fully online.
Read full reviewLike the offset accounts and rate of home loan, easy online functions, however some functions require forms to be completed instead of fully online.
Good interest rate but not a good interest rate on their offset option.
Read full reviewGood interest rate but not a good interest rate on their offset option.
2-year 2.74% interest only for a construction loan. It was the fastest bank to approve during the pandemic and they were on the ball to get us set up whilst we rebuild our home. No cons so far.
Read full review2-year 2.74% interest only for a construction loan. It was the fastest bank to approve during the pandemic and they were on the ball to get us set up whilst we rebuild our home. No cons so far.
A lot more competitive than the big banks.
Read full reviewA lot more competitive than the big banks.
Online only mortgage provider. Better interactions than my previous provider.
Read full reviewOnline only mortgage provider. Better interactions than my previous provider.
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.
loans.com.au
Smart Booster Home Loan
1.99% p.a.variable for 12 months and then 2.48% p.a. variable
2.47% p.a.
Newcastle Permanent
Fixed Rate Home Loan (Premium Plus Package)
1.98% p.a.
fixed 3 years
3.56% p.a.
loans.com.au
Smart Booster Home Loan
1.99% p.a.variable for 12 months and then 2.48% p.a. variable
2.47% p.a.
Newcastle Permanent
Fixed Rate Home Loan (Premium Plus Package)
1.98% p.a.
fixed 3 years
3.56% p.a.
loans.com.au
Smart Booster Home Loan
1.99% p.a.variable for 12 months and then 2.48% p.a.
2.47% p.a.
Homestar
Star Gold Home Loan
1.79% p.a.
1.84% p.a.
Yard
Variable Home Loan Special
2.09% p.a.
2.12% p.a.
Newcastle Permanent
Fixed Rate Home Loan (Premium Plus Package)
1.98% p.a.
fixed 3 years
3.56% p.a.
Homestar
Star Classic Fixed Home Loan
n/a
n/a
People's Choice Credit Union
Fixed Rate Home Loan (Package)
1.89% p.a.
fixed 3 years
3.03% p.a.
loans.com.au
Smart Booster Home Loan
1.99% p.a.variable for 12 months and then 2.48% p.a.
2.47% p.a.
$0.00
Homestar
Star Gold Home Loan
1.79% p.a.
1.84% p.a.
$0.00
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.
