Macquarie Bank home loans

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

✓     Email

✓     Mobile banking staff

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

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 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 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.