Macquarie Bank home loans are tailored to suit a wide range of customers. Home loans offered by the bank include:

• Owner-occupier home loans
• Investor home loans
• Refinancing home loans
• Equity home loans (reverse mortgages)
• SMSF home loans
• Construction loans
• Lines of credit

Additionally, Macquarie Bank home loans are available with a variety of interest rate and repayment options:

• Principal and interest
• Interest-only
• Variable interest
• Fixed interest
• Split home loans

Borrowers can choose to have an offset account with some Macquarie Bank mortgages, meaning they can use their savings to offset the total amount owed on the loan and reduce the amount of interest payable.

Macquarie Bank home loans come with a maximum loan term of 30 years. Extra repayments are allowed on selected home loan products, as are redraw facilities.

Macquarie Bank home loan interest rates tend to be moderately low to moderately high, depending on the amount borrowed and the LVR.

Typically, owner occupiers borrowing less than a certain amount and putting down a deposit of 20 per cent to 30 per cent will secure the lowest interest rates.

At the other end of the spectrum, investors borrowing a significant amount with a low deposit usually attract the highest interest rates.

Similarly, those taking out a variable-rate home loan with Macquarie Bank will generally be able to secure a lower initial interest rate than those who choose a fixed-rate home loan.

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 standard borrowers such as owner-occupiers, investors and those looking to refinance their homes.

It also offers a range of specialist loans such as lines of credit, reverse mortgages and SMSF loans. It’s worth noting, however, that it does not offer low doc home loans.

In terms of affordability, Macquarie Bank home loan rates tend to be moderately low for some types of customers and moderately high for others. Likewise, ongoing fees can be very low to high depending on the type of home loan.

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.