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Macquarie Basic Home Loan

Advertiser disclosure

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 $5,000,000 with an LVR below 80%

The details shown below are for an owner occupier taking out a principal & interest loan between $150,000 and $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 $5,000,000 with an LVR below 95%

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 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 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 $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 $5,000,000 with an LVR below 90%

Choose the version of this loan that suits you best

  • 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 $5,000,000

  • Owner Occupier (Principal & Interest)

    LVR 80%-90%

    Loan: $150,000 $5,000,000

  • Owner Occupier (Principal & Interest)

    LVR 90%-95%

    Loan: $150,000 $5,000,000

  • Owner Occupier, Investor (Interest Only)

    LVR < 60%

    Loan: $150,000 $5,000,000

  • 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

  • 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 $5,000,000

  • Investor (Principal & Interest)

    LVR 80%-90%

    Loan: $150,000 $5,000,000

Rate
2.14% p.a.
Comparison Rate
2.14% p.a.
Service fee
$0.00
Upfront fee
$0
Go to site
Rate
2.19% p.a.
Comparison Rate
2.19% p.a.
Service fee
$0.00
Upfront fee
$0
Go to site
Rate
2.24% p.a.
Comparison Rate
2.24% p.a.
Service fee
$0.00
Upfront fee
$0
Go to site
Rate
2.69% p.a.
Comparison Rate
2.69% p.a.
Service fee
$0.00
Upfront fee
$0
Rate
3.01% p.a.
Comparison Rate
3.01% p.a.
Service fee
$0.00
Upfront fee
$0
Rate
2.59% p.a.
Comparison Rate
2.59% p.a.
Service fee
$0.00
Upfront fee
$0
Rate
2.59% p.a.
Comparison Rate
2.59% p.a.
Service fee
$0.00
Upfront fee
$0
Rate
2.89% p.a.
Comparison Rate
2.89% p.a.
Service fee
$0.00
Upfront fee
$0
Rate
2.29% p.a.
Comparison Rate
2.29% p.a.
Service fee
$0.00
Upfront fee
$0
Rate
2.39% p.a.
Comparison Rate
2.39% p.a.
Service fee
$0.00
Upfront fee
$0
Rate
2.49% p.a.
Comparison Rate
2.49% p.a.
Service fee
$0.00
Upfront fee
$0
Rate
3.25% p.a.
Comparison Rate
3.25% p.a.
Service fee
$0.00
Upfront fee
$0

Mozo editorial review Macquarie Basic Home Loan - last updated: 10 September 2021

binocular icon
What's hot
  • Low variable rates from 2.14% (2.14% comparison rate*)
  • Free extra repayments and redraw facility
  • No upfront or ongoing fees
What's not
  • $400 discharge fee
Mozo snapshot

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 2.14% (2.14% 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!

key icon
Key features

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: 

  • 2.14% (2.14% comparison rate*): For owner occupiers taking out a loan between $150,000 and $5,000,000, with a maximum LVR of 60%. 
  • 2.29% (2.29% comparison rate*): For investors taking out a loan between $150,000 and $5,000,000, with a maximum LVR of 60%.

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.

snapshot
Who is it good for

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 2.14% (2.14% comparison rate*) rate tier.

question icon
Any catches

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.

Details

Rates and fees information correct as at 6 December 2021. 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

2.14% p.a.

n/a

n/a

n/a

2.14% 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

60.00%

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

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 6 December 2021. 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

2.19% p.a.

n/a

n/a

n/a

2.19% 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

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 6 December 2021. 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

2.24% p.a.

n/a

n/a

n/a

2.24% 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

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

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 6 December 2021. 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

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

Fees

$0.00

$0.00

$0.00

$0.00

n/a

$0.00

$400.00

Other financial bits

$150,000

$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

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 6 December 2021. 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

3.01% p.a.

n/a

n/a

n/a

3.01% 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

90.00%

95.00%

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

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 6 December 2021. 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

2.59% p.a.

n/a

n/a

n/a

2.59% 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

60.00%

Features

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.

Details

Rates and fees information correct as at 6 December 2021. 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

2.59% p.a.

n/a

n/a

n/a

2.59% 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, 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.

Details

Rates and fees information correct as at 6 December 2021. 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

2.89% p.a.

n/a

n/a

n/a

2.89% 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

70.00%

80.00%

Features

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.

Details

Rates and fees information correct as at 6 December 2021. 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

2.29% p.a.

n/a

n/a

n/a

2.29% 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

60.00%

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

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 6 December 2021. 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

2.39% p.a.

n/a

n/a

n/a

2.39% 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

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 6 December 2021. 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

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

Fees

$0.00

$0.00

$0.00

$0.00

n/a

$0.00

$400.00

Other financial bits

$150,000

$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

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 6 December 2021. 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

3.25% 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

Fees

$0.00

$0.00

$0.00

$0.00

n/a

$0.00

$400.00

Other financial bits

$150,000

$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

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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Latest reviews of Macquarie Basic Home Loan

About Macquarie

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.