Macquarie Credit Union Investment Loan


One of the greatest features the Investment Loan from Macquarie Credit Union is the ability to borrow your entire property’s value without having to pay any deposit. However, make sure you find out what your cost will be for lenders mortgage insurance that you will have to pay if you make less than a 20 per cent deposit.

Conversely, one of the biggest drawbacks of this loan is the high variable interest rate.

Though, the loan split option could help reduce the burden of this high rate by allowing you to split a portion of your loan with a fixed rate portion.

And, if you choose to use the 100 per cent offset account, you can work to reduce the overall interest payable on your loan by depositing funds into this savings account, the balance of which is offset against your loan balance.

You can make repayments towards your loan monthly, fortnightly or weekly as well as additional repayments, however there is no option to make interest-only repayments – which is a great feature that is offered on other investment loan options. Though, the redraw facility allows you to access the funds from your early repayments if you need.

While you should make sure you can afford your loan before borrowing, if something crops up that affects your ability to make repayments, you can take some time out to take a breather, though this may have to first be approved by Macquarie Credit Union.

To supplement this feature, loan repayment insurance could cover you if you can no longer make your repayments, however this insurance is a separate cost that would add to your total loan cost.

If you need more funds, you can top up your Investment Home Loan for a fee.

There is an optional pre-approved Visa credit card offered on the Investment Home Loan, but you have to have a minimum combined balance in Macquarie Credit Union accounts to qualify.

Who is the Macquarie Credit Union Investment Loan good for?

Only available to investors, the Investment Home Loan is suitable if you have a very small or no deposit to make towards your investment property. However, with the combined costs of lenders mortgage insurance, the high variable interest rate, and the entry and exit fees, this loan would best suit if you have enough funds to start making your principal and interest repayments immediately – since there is no interest-only option.

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The Investment Home Loan could be a suitable option if you’re an investor looking to bank with Macquarie Credit Union, since you are required to be a member and maintain a transaction account with this lender to be eligible for this loan.


The ability to borrow your entire property’s value and work towards paying your loan off early does make this loan attractive, however the lack of an interest-only option and the high variable interest rates are drawbacks that might be make or break factors depending on exactly what you’re looking for from your investment loan.

Macquarie Credit Union Investment Loan Options

Find out more below about the Investment Loan offered by Macquarie Credit Union.

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  • No deposit required.
  • 100 per cent offset account.
  • Early repayments and redraws allowed.
  • High variable interest rate.
  • Entry and exit fees.
  • No interest-only option.

Must be a member of Macquarie Credit Union.

Must be an employee working in a government council or other eligible industry.

Must meet serviceability criteria.

Suitable For
  • First Home Buyers
  • Owner-Occupiers
  • Investors
  • Refinancers
  • Estimated upfront fees: $200.00 - $570.00
  • Discharge fees: $0 - $200
  • Ongoing fees: $0 - $10 monthly

While a great feature of the Investment Home Loan is that there are no ongoing fees, there are moderate entry and exit fees which consist of your establishment and discharge fees.

There is also a fee for topping up your loan as well as fees attached to the optional credit card.

  • Redraw facility
  • 100% offset account
  • Unlimited extra repayments
  • Weekly repayments
  • Fortnightly repayments
  • Monthly repayments
  • Loan allows split interest rate
About Macquarie Credit Union

Macquarie Credit Union is owned by its members and works towards designing products and services that provide the maximum benefit to members. Although branch access is limited, members can access their accounts and 24/7 banking through telephone and online access.

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