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Macquarie Bank home loans
Macquarie Group Limited (commonly known as Macquarie Bank) employs more than 14,000 staff in over 70 office locations across 28 countries. It is headquartered in Sydney.
Macquarie Bank provides a wide range of home loans, including mortgages for first homebuyers, investors, upgraders and renovators.
Customer service is available through the online service portal, mobile app, or via phone.
Personal Finance Editor
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Product data updated
Why choose Macquarie Bank
Macquarie Bank Home Loans
Loan amount
Minimum deposit
Loan type & Term
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5.39%
5.65%
$2,126
Australian Credit Licence 237502
Fees & charges apply
Offset Home Loan
- Owner Occupied
- Fixed 5 years
- 20% min deposit
- P&I
5.45%
5.50%
$2,139
Australian Credit Licence 237502
Fees & charges apply
Basic Home Loan
- Investor
- Fixed 5 years
- 30% min deposit
- P&I
4.99%
5.30%
$2,044
Australian Credit Licence 237502
Fees & charges apply
Basic Home Loan
- Owner Occupied
- Fixed 2 years
- 30% min deposit
- P&I
5.09%
5.30%
$2,064
Australian Credit Licence 237502
Fees & charges apply
Basic Home Loan
- Owner Occupied
- Fixed 3 years
- 30% min deposit
- P&I
5.09%
5.34%
$2,064
Australian Credit Licence 237502
Fees & charges apply
Basic Home Loan
- Owner Occupied
- Fixed 1 year
- 30% min deposit
- P&I
5.29%
5.34%
$2,106
Australian Credit Licence 237502
Fees & charges apply
Basic Home Loan
- Owner Occupied
- Fixed 5 years
- 30% min deposit
- P&I
5.29%
5.35%
$2,106
Australian Credit Licence 237502
Fees & charges apply
Basic Home Loan
- Owner Occupied
- Fixed 4 years
- 30% min deposit
- P&I
5.09%
5.36%
$2,064
Australian Credit Licence 237502
Fees & charges apply
Basic Home Loan
- Owner Occupied
- Fixed 2 years
- 20% min deposit
- P&I
5.19%
5.36%
$2,085
Australian Credit Licence 237502
Fees & charges apply
Basic Home Loan
- Owner Occupied
- Fixed 3 years
- 20% min deposit
- P&I
5.34%
5.36%
$2,116
Australian Credit Licence 237502
Fees & charges apply
Basic Home Loan
- Owner Occupied
- Variable
- 30% min deposit
- P&I
5.34%
5.36%
$2,116
Australian Credit Licence 237502
Fees & charges apply
Basic Home Loan
- Owner Occupied
- Variable
- 40% min deposit
- P&I
5.19%
5.39%
$2,085
Australian Credit Licence 237502
Fees & charges apply
Basic Home Loan
- Owner Occupied
- Fixed 1 year
- 20% min deposit
- P&I
Home Loans calculator
Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios.
Your estimated mortgage repayments
Total interest
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Total repayments
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- All calculations are estimates only; they are not guarantees, pre-qualifications or pre-approvals for borrowing. All results are based solely upon the data entered into the calculator.
- It is assumed that data entered into the calculator, including interest rates, do not change for the lifetime of the loan - unless specified.
- The Present Value provided by this calculator is displayed as the amount labelled 'Loan amount'.
- At the end of the interest-only period, the rate may change. For this calculation, rate switches to the current rate.
- The current rate is today’s average big 4 owner occupier advertised discounted variable rate (LVR 80%), unless you have inserted your own rate.
- Interest is calculated by compounding on the same frequency as the repayment selected, i.e. weekly, fortnightly or monthly.
- Months are assumed to be of equal length. However, given some months are longer than others, interest charged may vary depending upon the month.
- One year is assumed to contain exactly 52 weeks or 26 fortnights. Thus each year has 364 days.
- The calculator uses the unrounded repayment to derive the home loan summary line graph and repayment schedule. However, institutions may round repayments to the nearest cent.
- Your final mortgage repayments or borrowing amount will depend on your lender’s eligibility criteria among other factors.
- Calculator does not include the cost of fees or other extra charges.
- Calculator does not account for changes to interest rates over time.
- This calculator is for information purposes only. Any advice is general and has not taken into account your personal circumstances. Consider whether you need financial advice from a qualified adviser.
- After the interest only term ends, your repayments will change based on the current* interest rate. This rate is subject to change. Read our full disclaimer.
Macquarie Bank customer service
Customers can contact Macquarie Bank by phone, or submit an online enquiry to have a Macquarie Bank home loan specialist make contact.
✓ Customer service centre (phone)
✓ Mobile app
✓ Online banking
✓ Mobile banking staff
How to apply for a Macquarie Bank home loan
Borrowers wanting to apply for a Macquarie Bank home loan can complete an online enquiry form or call a loan specialist directly.
Before applying for a Macquarie Bank home loan, it’s important to think about how much you can afford to borrow and comfortably repay, as well as what other costs you need to include.
When you apply for a Macquarie Bank home loan, you’ll need to provide:
- Proof of employment and income e.g. recent payslips
- Proof of identity e.g. driver’s license or passport
- Details of any assets, debts or liabilities, including car loans and personal loans
About Macquarie Bank home loans
Macquarie Bank offers home loans that could suit a wide range of customers, including:
- Owner-occupier home loans
- Investor home loans
- Refinancing home loans
- Construction loans
Additionally, Macquarie Bank home loans are available with a variety of interest rate and repayment options, including:
- Principal and interest
- Interest-only
- Variable interest
- Fixed interest
- Split interest
Some Macquarie Bank mortgages include an offset account, which can let you use your savings to help reduce your interest charges.
Macquarie Bank home loans come with a maximum loan term of 30 years. Extra repayments are allowed on selected home loans, as are redraw facilities.
Macquarie Bank home loan rates
Macquarie Bank home loan interest rates tend to be moderately low to moderately high, depending on the amount being borrowed and the Loan to Value Ratio or LVR.
Typically, owner occupiers with smaller loans who can make a deposit of 20 per cent or more can secure some of the lowest interest rates.
At the other end of the spectrum, investors borrowing a significant amount with a low deposit are often charged some of the highest interest rates.
Borrowers can choose between a variable-rate home loan with Macquarie Bank, which may rise or fall over time, or a fixed-rate home loan, with an interest rate that will stay the same for up to 5 years, for simpler budgeting.
Macquarie Bank’s upfront fees for home loans tend to be very low, while ongoing fees range from very low to high depending on the home loan. Discharge fees may also apply at the end of the loan term.
Macquarie Bank home loans review
Macquarie Bank offers a reasonably wide range of home loans for different borrowers, such as owner-occupiers, investors and those looking to refinance their homes. It’s worth noting, however, that it does not offer low doc home loans.
While it may not necessarily offer the cheapest home loans on the market, Macquarie Bank nonetheless caters to a range of borrowers, and offers flexibility with home loan options such as offset accounts and redraw facilities on some home loans. Macquarie Bank's interest rates and fees are different for these different types of home loans.
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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, target market determination fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.