Macquarie Basic Home Loan

A low rate home loan with no application or account management fees.
Category: Home Loans  Last Updated December 12, 2019  Effective November 30, 2015

 General Lending Rates

Rates listed below are for a VARIABLE Owner Occupied P&I product. Additional Information
Interest Rate
2.14%PA
Comparison Rate
2.14%PA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.
Product Variations
Product rates and conditions will usually vary based on the LVR and other conditions..
  Basic owner occupied principal and interest max LVR 70% variable rate
Minimum: 60 PERCENT Maximum: 70 PERCENT
  • Lending Rate Type: Variable
  • Interest Rate: 2.19%, Comparison Rate 2.19%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  Basic owner occupied principal and interest max LVR 80% variable rate
Minimum: 70 PERCENT Maximum: 80 PERCENT
  • Lending Rate Type: Variable
  • Interest Rate: 2.24%, Comparison Rate 2.24%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  Basic owner occupied principal and interest max LVR 90% variable rate
Minimum: 80 PERCENT Maximum: 90 PERCENT
  • Lending Rate Type: Variable
  • Interest Rate: 2.69%, Comparison Rate 2.69%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  Basic owner occupied principal and interest max LVR 95% variable rate
Minimum: 90 PERCENT Maximum: 95 PERCENT
  • Lending Rate Type: Variable
  • Interest Rate: 3.01%, Comparison Rate 3.01%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  Basic owner occupied principal and interest max LVR 70% fixed rate
  • Lending Rate Type: Fixed
  • Interest Rate: 3.59%, Comparison Rate 2.31%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  Basic owner occupied principal and interest max LVR 80% fixed rate
Minimum: 70 PERCENT Maximum: 80 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 3.65%, Comparison Rate 2.36%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  Basic owner occupied principal and interest max LVR 95% fixed rate
Minimum: 80 PERCENT Maximum: 95 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 4.39%, Comparison Rate 3.13%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  Basic owner occupied principal and interest max LVR 70% fixed rate
  • Lending Rate Type: Fixed
  • Interest Rate: 4.45%, Comparison Rate 2.57%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  Basic owner occupied principal and interest max LVR 80% fixed rate
Minimum: 70 PERCENT Maximum: 80 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 4.49%, Comparison Rate 2.62%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  Basic owner occupied principal and interest max LVR 95% fixed rate
Minimum: 80 PERCENT Maximum: 95 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 5.29%, Comparison Rate 3.41%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  Basic owner occupied principal and interest max LVR 70% fixed rate
  • Lending Rate Type: Fixed
  • Interest Rate: 4.79%, Comparison Rate 2.83%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  Basic owner occupied principal and interest max LVR 80% fixed rate
Minimum: 70 PERCENT Maximum: 80 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 4.85%, Comparison Rate 2.88%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  Basic owner occupied principal and interest max LVR 95% fixed rate
Minimum: 80 PERCENT Maximum: 95 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 5.59%, Comparison Rate 3.67%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  Basic owner occupied principal and interest max LVR 70% fixed rate
  • Lending Rate Type: Fixed
  • Interest Rate: 4.95%, Comparison Rate 3.08%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  Basic owner occupied principal and interest max LVR 80% fixed rate
Minimum: 70 PERCENT Maximum: 80 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 4.99%, Comparison Rate 3.12%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  Basic owner occupied principal and interest max LVR 95% fixed rate
Minimum: 80 PERCENT Maximum: 95 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 5.75%, Comparison Rate 3.92%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  Basic owner occupied principal and interest max LVR 70% fixed rate
  • Lending Rate Type: Fixed
  • Interest Rate: 5.05%, Comparison Rate 3.31%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  Basic owner occupied principal and interest max LVR 80% fixed rate
Minimum: 70 PERCENT Maximum: 80 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 5.09%, Comparison Rate 3.36%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  Basic owner occupied principal and interest max LVR 95% fixed rate
Minimum: 80 PERCENT Maximum: 95 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 5.85%, Comparison Rate 4.15%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  Basic owner occupied interest only max LVR 60% variable rate
  • Lending Rate Type: Variable
  • Interest Rate: 2.59%, Comparison Rate 2.59%
  • Repayment Type: Interest Only
  • Loan Purpose: Owner Occupied
  Basic owner occupied interest only max LVR 70% variable rate
Minimum: 60 PERCENT Maximum: 70 PERCENT
  • Lending Rate Type: Variable
  • Interest Rate: 2.59%, Comparison Rate 2.59%
  • Repayment Type: Interest Only
  • Loan Purpose: Owner Occupied
  Basic owner occupied interest only max LVR 80% variable rate
Minimum: 70 PERCENT Maximum: 80 PERCENT
  • Lending Rate Type: Variable
  • Interest Rate: 2.89%, Comparison Rate 2.89%
  • Repayment Type: Interest Only
  • Loan Purpose: Owner Occupied
  Basic owner occupied interest only max LVR 70% fixed rate
  • Lending Rate Type: Fixed
  • Interest Rate: 3.99%, Comparison Rate 2.71%
  • Repayment Type: Interest Only
  • Loan Purpose: Owner Occupied
  Basic owner occupied interest only max LVR 80% fixed rate
Minimum: 70 PERCENT Maximum: 80 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 4.29%, Comparison Rate 3.01%
  • Repayment Type: Interest Only
  • Loan Purpose: Owner Occupied
  Basic owner occupied interest only max LVR 70% fixed rate
  • Lending Rate Type: Fixed
  • Interest Rate: 4.85%, Comparison Rate 2.98%
  • Repayment Type: Interest Only
  • Loan Purpose: Owner Occupied
  Basic owner occupied interest only max LVR 80% fixed rate
Minimum: 70 PERCENT Maximum: 80 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 5.15%, Comparison Rate 3.28%
  • Repayment Type: Interest Only
  • Loan Purpose: Owner Occupied
  Basic owner occupied interest only max LVR 70% fixed rate
  • Lending Rate Type: Fixed
  • Interest Rate: 5.19%, Comparison Rate 3.24%
  • Repayment Type: Interest Only
  • Loan Purpose: Owner Occupied
  Basic owner occupied interest only max LVR 80% fixed rate
Minimum: 70 PERCENT Maximum: 80 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 5.49%, Comparison Rate 3.55%
  • Repayment Type: Interest Only
  • Loan Purpose: Owner Occupied
  Basic owner occupied interest only max LVR 70% fixed rate
  • Lending Rate Type: Fixed
  • Interest Rate: 5.35%, Comparison Rate 3.49%
  • Repayment Type: Interest Only
  • Loan Purpose: Owner Occupied
  Basic owner occupied interest only max LVR 80% fixed rate
Minimum: 70 PERCENT Maximum: 80 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 5.65%, Comparison Rate 3.8%
  • Repayment Type: Interest Only
  • Loan Purpose: Owner Occupied
  Basic owner occupied interest only max LVR 70% fixed rate
  • Lending Rate Type: Fixed
  • Interest Rate: 5.45%, Comparison Rate 3.72%
  • Repayment Type: Interest Only
  • Loan Purpose: Owner Occupied
  Basic owner occupied interest only max LVR 80% fixed rate
Minimum: 70 PERCENT Maximum: 80 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 5.75%, Comparison Rate 4.04%
  • Repayment Type: Interest Only
  • Loan Purpose: Owner Occupied
  Basic investment principal and interest max LVR 60% variable rate
  • Lending Rate Type: Variable
  • Interest Rate: 2.29%, Comparison Rate 2.29%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Investment
  Basic investment principal and interest max LVR 70% variable rate
Minimum: 60 PERCENT Maximum: 70 PERCENT
  • Lending Rate Type: Variable
  • Interest Rate: 2.39%, Comparison Rate 2.39%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Investment
  Basic investment principal and interest max LVR 80% variable rate
Minimum: 70 PERCENT Maximum: 80 PERCENT
  • Lending Rate Type: Variable
  • Interest Rate: 2.49%, Comparison Rate 2.49%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Investment
  Basic investment principal and interest max LVR 90% variable rate
Minimum: 80 PERCENT Maximum: 90 PERCENT
  • Lending Rate Type: Variable
  • Interest Rate: 3.25%, Comparison Rate 3.25%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Investment
  Basic investment principal and interest max LVR 70% fixed rate
  • Lending Rate Type: Fixed
  • Interest Rate: 3.79%, Comparison Rate 2.51%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Investment
  Basic investment principal and interest max LVR 80% fixed rate
Minimum: 70 PERCENT Maximum: 80 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 3.89%, Comparison Rate 2.61%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Investment
  Basic investment principal and interest max LVR 90% fixed rate
Minimum: 80 PERCENT Maximum: 90 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 4.65%, Comparison Rate 3.38%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Investment
  Basic investment principal and interest max LVR 70% fixed rate
  • Lending Rate Type: Fixed
  • Interest Rate: 4.65%, Comparison Rate 2.77%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Investment
  Basic investment principal and interest max LVR 80% fixed rate
Minimum: 70 PERCENT Maximum: 80 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 4.75%, Comparison Rate 2.87%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Investment
  Basic investment principal and interest max LVR 90% fixed rate
Minimum: 80 PERCENT Maximum: 90 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 5.55%, Comparison Rate 3.65%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Investment
  Basic investment principal and interest max LVR 70% fixed rate
  • Lending Rate Type: Fixed
  • Interest Rate: 4.99%, Comparison Rate 3.04%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Investment
  Basic investment principal and interest max LVR 80% fixed rate
Minimum: 70 PERCENT Maximum: 80 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 5.09%, Comparison Rate 3.14%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Investment
  Basic investment principal and interest max LVR 90% fixed rate
Minimum: 80 PERCENT Maximum: 90 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 5.85%, Comparison Rate 3.92%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Investment
  Basic investment principal and interest max LVR 70% fixed rate
  • Lending Rate Type: Fixed
  • Interest Rate: 5.15%, Comparison Rate 3.28%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Investment
  Basic investment principal and interest max LVR 80% fixed rate
Minimum: 70 PERCENT Maximum: 80 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 5.25%, Comparison Rate 3.39%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Investment
  Basic investment principal and interest max LVR 90% fixed rate
Minimum: 80 PERCENT Maximum: 90 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 5.99%, Comparison Rate 4.16%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Investment
  Basic investment principal and interest max LVR 70% fixed rate
  • Lending Rate Type: Fixed
  • Interest Rate: 5.25%, Comparison Rate 3.52%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Investment
  Basic investment principal and interest max LVR 80% fixed rate
Minimum: 70 PERCENT Maximum: 80 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 5.35%, Comparison Rate 3.62%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Investment
  Basic investment principal and interest max LVR 90% fixed rate
Minimum: 80 PERCENT Maximum: 90 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 6.09%, Comparison Rate 4.4%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Investment
  Basic investment interest only max LVR 60% variable rate
  • Lending Rate Type: Variable
  • Interest Rate: 2.59%, Comparison Rate 2.59%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  Basic investment interest only max LVR 70% variable rate
Minimum: 60 PERCENT Maximum: 70 PERCENT
  • Lending Rate Type: Variable
  • Interest Rate: 2.59%, Comparison Rate 2.59%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  Basic investment interest only max LVR 80% variable rate
Minimum: 70 PERCENT Maximum: 80 PERCENT
  • Lending Rate Type: Variable
  • Interest Rate: 2.89%, Comparison Rate 2.89%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  Basic investment interest only max LVR 70% fixed rate
  • Lending Rate Type: Fixed
  • Interest Rate: 3.99%, Comparison Rate 2.71%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  Basic investment interest only max LVR 80% fixed rate
Minimum: 70 PERCENT Maximum: 80 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 4.29%, Comparison Rate 3.01%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  Basic investment interest only max LVR 70% fixed rate
  • Lending Rate Type: Fixed
  • Interest Rate: 4.85%, Comparison Rate 2.98%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  Basic investment interest only max LVR 80% fixed rate
Minimum: 70 PERCENT Maximum: 80 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 5.15%, Comparison Rate 3.28%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  Basic investment interest only max LVR 70% fixed rate
  • Lending Rate Type: Fixed
  • Interest Rate: 5.19%, Comparison Rate 3.24%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  Basic investment interest only max LVR 80% fixed rate
Minimum: 70 PERCENT Maximum: 80 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 5.49%, Comparison Rate 3.55%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  Basic investment interest only max LVR 70% fixed rate
  • Lending Rate Type: Fixed
  • Interest Rate: 5.35%, Comparison Rate 3.49%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  Basic investment interest only max LVR 80% fixed rate
Minimum: 70 PERCENT Maximum: 80 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 5.65%, Comparison Rate 3.8%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  Basic investment interest only max LVR 70% fixed rate
  • Lending Rate Type: Fixed
  • Interest Rate: 5.45%, Comparison Rate 3.72%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  Basic investment interest only max LVR 80% fixed rate
Minimum: 70 PERCENT Maximum: 80 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 5.75%, Comparison Rate 4.04%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment

 Product Features

  • Redraw Additional Information: Access additional payments you've made through the redraw facility. Redraw cannot be accessed on fixed rate loan accounts until after the fixed period expires.
  • Other Additional Information: Have up to 6 loan accounts. Each loan account can be set up with either principal and interest or interest only repayments for up to 5 years (subject to credit approval). Each loan account can also be set up with either a variable rate or a fixed rate for periods of 1-5 years. Repayments are due monthly.
  • Loyalty Program Additional Information: Opt in to receive Qantas Points (different rates may apply). Terms and conditions apply.
  • Digital Banking Additional Information: Access to online banking and mobile banking app. Pay Anyone available with a $100,000 limit across all eligible accounts linked to a Macquarie ID for customers who use the Macquarie Authenticator App and a default limit of $5,000 for customers without Authenticator. BPAY® out available up to the available balance of your account.
  • Other Additional Information: Construction Loans. Borrowers can draw down their home loan in stages to fund their renovation or new home build
  • Other Additional Information: Cheque deposits can be posted to Macquarie or presented in person at a branch and must be accompanied by a completed deposit slip.
  • Other Additional Information: Repayments can be made via Direct Debit or Salary Credit/Electronic Funds Transfer.
  • Other Additional Information: Ability to make extra repayments. Note for a fixed interest loan, additional repayments can only be made up to a maximum of $10,000 per year per loan account.
  • Other Additional Information: Minimum increase amount $10,000.
  • Other Additional Information: Maximum Loan term of up to 30 years.
  • Other Additional Information: Additional repayments up to a maximum of $10,000 per year into a fixed interest loan.

 Product Eligibility

  • Residency Status - Permanent Resident Of Australia..
  • Min Age - 18. Additional Information: Minimum age requirement.
  • Other Additional Information: Lending criteria, fees and T&Cs apply.

 Bank Fees and Charges

  • Bank Cheque Fee (Withdrawal), Amount: 10.00. Additional Information: Payable if the borrower requests us to issue a bank cheque.
  • Construction Administration Fee (Event), Amount: 1500.00. Additional Information: A one-off fee payable at settlement which covers valuation costs and progress payments during construction period.
  • Direct Debit Decline Fee (Transaction), Amount: 5.00. Additional Information: Payable when an incoming direct debit payment is declined, in addition to any dishonour fee.
  • International Funds Transfer Fee (Transaction), Amount: 30.00. Additional Information: Payable if the borrower requests us to transfer funds to an international financial institution account by bank draft or telegraphic transfer.
  • Real Time Gross Settlement (rtgs) Fee (Transaction), Amount: 30.00. Additional Information: Payable if the borrower requests us to transfer funds within the same business day to another Australian financial institution. Subject to cut-off times.
  • Valuation Update Fee (Event), Amount: 110.00. Additional Information: Payable if the most recent valuation is older than three months as at the Settlement Date.
  • Variation Fee (Event), Amount: 250.00. Additional Information: Payable if the borrower requests a variation to the Loan Facility, other than adding a new loan account.
  • Application Fee (Upfront), Amount: 0.00.
  • Monthly Fee (Periodic), Amount: 0.00.
  • Annual Fee (Periodic), Amount: 0.00.
  • Break Cost (Variable), Amount: Not Listed.. Additional Information: Break costs may be payable on early repayment during fixed rate periods if any of the following three events occur: 1. The whole of a fixed rate Loan Account is repaid. 2. The borrower makes additional repayments in excess of $10,000 into a fixed rate Loan Account in any year of the fixed rate term (i.e. in any 12 months from the date the fixed rate period commences). 3. The borrower changes the whole or part of the fixed rate Loan Account to another type of interest rate or repayment type, including changing to a different fixed rate period. The break cost could be substantial. Contact us for further information.
  • Documentation Fee (Variable), Amount: Not Listed.. Additional Information: Payable for the preparation of loan and security documents and associated costs. This fee includes GST.
  • Low Deposit Fee (Variable), Amount: Not Listed.. Additional Information: Applicable for loans with an LVR >80%, where a once off amount is payable by the borrower, in connection with the low deposit being paid, and/or the low amount of equity the borrower has in the security property.
  • Special Attendance Fee (Variable), Amount: Not Listed.. Additional Information: Payable if the borrower requests a special service (for example consenting to a dealing with the Mortgage Property), in addition to any third party fees.
  • Third Party Fees (Variable), Amount: Not Listed.. Additional Information: Payable if the Lender incurs a fee from any third party, including our solicitors, as a result of any matter relating to the Loan Agreement or Security after the Settlement Date. This fee includes GST.
  • Valuation Fee (Variable), Amount: Not Listed.. Additional Information: Payable if any valuation is required as part of the home loan application, where the valuation cost exceeds $300.
  • Mortgage Discharge Fee (Exit), Amount: 400.00. Additional Information: Payable if you request a full discharge of any Mortgage, in addition to any third party fees.
  • Third Party Settlement Fee (Variable), Amount: Not Listed.. Additional Information: Payable when the Lender incurs a fee from any third party, including our solicitors, as a result of any matter relating to the settlement of your loan.

 Limitations & Restrictions (Constraints)

  • Min Limit of 150000.00 Additional Information: Minimum new loan amount $150,000.
  • Max Limit of 10000000.00 Additional Information: Maximum new loan amount $10,000,000.

 Document Downloads

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