Macquarie Basic Home Loan
A home loan built on value with great rates and no annual fee.
- From (owner occupied)
- 6.09%
- 6.11% comparison
Interest Rates
Owner occupied — Principal & interest
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable | 6.09% | 6.11% | Basic owner occupied principal and interest max LVR 60% variable rate |
| Variable | 6.09% | 6.11% | Basic owner occupied principal and interest max LVR 70% variable rate |
| Fixed · 3 years | 6.09% | 6.11% | Basic owner occupied principal and interest max LVR 70% fixed rate |
| Variable | 6.14% | 6.16% | Basic owner occupied principal and interest max LVR 80% variable rate |
| Fixed · 2 years | 6.14% | 6.12% | Basic owner occupied principal and interest max LVR 70% fixed rate |
| Fixed · 3 years |
Fees
| Fee | Type | Amount |
|---|---|---|
| Construction Administration Fee A one-off fee payable at settlement which covers valuation costs and progress payments during construction period. | Event | $1,500.00 |
| Application Fee | Upfront | $0.00 |
| Monthly Fee Charged monthly | Ongoing | $0.00 |
| Annual Fee Charged yearly | Ongoing | $0.00 |
| Break Cost 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. | Other | Variable |
| Documentation Fee Payable to the Lender in relation to preparing your loan documents and arranging settlement. |
Features
- Redraw facility
- 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.
- 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.
- Digital banking
- Access to online banking and mobile banking app. Pay Anyone available with a $100,000 daily limit across all eligible accounts linked to a Macquarie ID for customers who use the Macquarie Authenticator App and a daily limit of $2,000 for customers without Authenticator. BPAY® out available up to the available balance of your account.
- Repayments can be made via Direct Debit or Salary Credit/Electronic Funds Transfer.
- Maximum Loan term of up to 30 years.
- Extra repayments
- Extra repayments can be made in addition to regular monthly loan repayments. Note: You can make extra repayments on your fixed home loan of up to $10,000 per account which can be made each year without penalty (additional payments above this amount may incur break costs). The 12-month period is calculated from the date the fixed term commenced.
Eligibility
- Residency status — Permanent resident of Australia.
- Minimum age — 18 yearsMinimum age requirement.
- Lending criteria, fees and T&Cs apply.
Constraints
- Minimum limit — $150,000.00Minimum new loan amount $150,000.
- Maximum limit — $10,000,000.00Maximum new loan amount $10,000,000.
- Maximum LVR — 95%Maximum LVR (Loan to Value Ratio) 0.95
More Information
Published by Macquarie Bank Limited under the Consumer Data Right · Last updated 5 June 2026 · Product ID LN001MBLBAS001 · View on CDR.gov.au · View Source Data (JSON)