Macquarie Bank

Basic Flyer Home Loan Fixed (Principal and Interest) (LVR 80%-95%) 1 Year

Advertised Rate

2.64%

Fixed - 1 year

Comparison Rate*

3.34%

Maximum LVR
95%
Real Time Rating™

1.73

/ 5
Monthly Repayment

$1,207

based on $300,000 loan amount for 25 years

Advertised Rate

2.64%

Fixed - 1 year

Comparison Rate*

3.34%

Maximum LVR
95%
Real Time Rating™

1.73

/ 5
Monthly Repayment

$1,207

based on $300,000 loan amount for 25 years

Calculate repayment for Macquarie Bank product

I'd like to borrow

$

Loan term

years

Your estimated repayment

$1,207

based on $300,000 loan amount for 25 years

Based on your details, Macquarie Bank is available through brokers

Gali Alon

5.0
13 Reviews

Get expert advice from a home loans specialist.

Gali’s ‘client for life’ philosophy is central to the longterm success of her clients. With combined decades in property investing, finance and IT, Gali understands what it takes to navigate her clients through the home loan process with clarity and confidence while ensuring they achieve the best outcome for their needs. Gali holds a Bachelor of Science degree with a major in Psychology as well as a Diploma in Finance and Mortgage Broking. Gali now specialises in helping home owners become mortgage free, faster and easier. The first step is finding you the cheapest home loan from over 1,350 finance options - at no cost to you. To discuss your next home loan with Gali, just email gali@beyondloans.com.au or call me directly on 0400 111 896

Response time: in 4 hours

Our brokers call during business hours between 9.00am to 6.00pm.

Glenn Rowan

5.0
29 Reviews

Get expert advice from a home loans specialist.

Qualified in Mortgage Broking / Mortgage Broking Management (Diploma). Home Loans, Commercial Loans, Asset finance & Equipment Finance, Business finance , Personal loans and debt consolidation are services I offer, as well as Property Investment sourcing. During my career I have worked in various roles within the finance & property sector spanning over 20 years. I have worked for Real Estates, Property Investment companies and spent time at Financial Planning Firms which motivated me to complete my RG146 – Financial Planning (Diploma). I now and for the last 10 years have specialised in making peoples dreams come true plus have helped clients increase their wealth. What I really enjoy is helping people through the mortgage process, be it Residential or Commercial and knowing that they have chosen the right loan. I will be with you every step of the way, making the process streamlined.

Response time: in 39 minutes

Our brokers call during business hours between 9.00am to 6.00pm.

Collins Mayaki

4.8
87 Reviews

Get expert advice from a home loans specialist.

I pride myself on building long term relationships with my clients. I’ve been in the industry for over 14 solid years with a combined 30 years experience within our firm (Wealthy You). this gives clients that extra peace of mind knowing we’ve been around for a long time. We’ve worked on hundreds of applications. There isn’t a scenario we haven’t come across. We hold your hands from start to finish. As far as our company Wealthy You goes, with 30 years finance experience, we’ve got team members specialised In multiple areas within finance, for example: SMSF Loan, Construction Loans, Reverse Mortgage, Development Loans, Business Loans, Car Loan, Home Loan/Refinance/Purchasing And much much more. We go through every single file to make sure it will get approved before submission because we’ve got brokers within the team that worked with the banks for many years as people that APPROVED and DECLINED files.

Response time: in 31 minutes

Our brokers call during business hours between 9.00am to 6.00pm.

Pros and Cons

Pros and Cons

  • Lower than average interest rate
  • No ongoing fees
  • Suitable for low deposits
  • Split account option
  • Limited extra repayments
  • No redraw and no offset
  • Discharge fee at end of loan
  • No repayment holidays

Macquarie Bank Features and Fees

Macquarie Bank Features and Fees

Details

Maximum LVR

95%

Total Repayments

Next LVR

Interest rate type

Fixed - 1 year

Borrowing range

Suitable for

Owner Occupiers

Loan term range

0 - 30 years

Principal & interest

Interest only

Applicable states

ACT, NSW, NT, QLD, SA, TAS, VIC, WA

Make repayments

Monthly

Features

Extra repayments

Yes - limited to $10000

Redraw facility

Split interest facility

Loan portable

Repayment holiday available

Allow guarantors

Available for first home buyers

Fees

Total estimated upfront fees

$363

Application fee

$0

Valuation fee

At Cost

Settlement fee

$0

Other upfront fee

$0

Ongoing fee

$0

Discharge fee

$400

Application method

Online

Phone

In branch

Other Benefits

Take off with a Macquarie Flyer home loan. With a range of smart features and the ability to earn Qantas Points, you could have a home loan and a holiday.

Pros and Cons

  • Lower than average interest rate
  • No ongoing fees
  • Suitable for low deposits
  • Split account option
  • Limited extra repayments
  • No redraw and no offset
  • Discharge fee at end of loan
  • No repayment holidays

Macquarie Bank Features and Fees

Details

Maximum LVR

95%

Total Repayments

Next LVR

Interest rate type

Fixed - 1 year

Borrowing range

Suitable for

Owner Occupiers

Loan term range

0 - 30 years

Principal & interest

Interest only

Applicable states

ACT, NSW, NT, QLD, SA, TAS, VIC, WA

Make repayments

Monthly

Features

Extra repayments

Yes - limited to $10000

Redraw facility

Split interest facility

Loan portable

Repayment holiday available

Allow guarantors

Available for first home buyers

Fees

Total estimated upfront fees

$363

Application fee

$0

Valuation fee

At Cost

Settlement fee

$0

Other upfront fee

$0

Ongoing fee

$0

Discharge fee

$400

Application method

Online

Phone

In branch

Other Benefits

Take off with a Macquarie Flyer home loan. With a range of smart features and the ability to earn Qantas Points, you could have a home loan and a holiday.

FAQs

Monthly Repayment

Your current monthly home loan repayment. To accurately calculate how much you could save, an accurate payment figure is required. If you are not certain, check your bank statement.

Do other comparison sites offer the same service?

Real Time RatingsTM is the only online system that ranks the home loan market based on your personal borrowing preferences. Until now, home loans have been rated based on outdated data. Our system is unique because it reacts to changes as soon as we update our database.

Does Real Time Ratings' work for people who already have a home loan?

Yes. If you already have a mortgage you can use Real Time RatingsTM to compare your loan against the rest of the market. And if your rate changes, you can come back and check whether your loan is still competitive. If it isn’t, you’ll get the ammunition you need to negotiate a rate cut with your lender, or the resources to help you switch to a better lender.

Remaining loan term

The length of time it will take to pay off your current home loan, based on the currently-entered mortgage balance, monthly repayment and interest rate.

What is bridging finance?

A loan of shorter duration taken to buy a new property before a borrower sells an existing property, usually taken to cover the financial gap that occurs while buying a new property without first selling an older one.

Usually, these loans have higher interest rates and a shorter repayment duration.

What factors does Real Time Ratings consider?

Real Time RatingsTM uses a range of information to provide personalised results:

  • Your loan amount
  • Your borrowing status (whether you are an owner-occupier or an investor)
  • Your loan-to-value ratio (LVR)
  • Your personal preferences (such as whether you want an offset account or to be able to make extra repayments)
  • Product information (such as a loan’s interest rate, fees and LVR requirements)
  • Market changes (such as when new loans come on to the market)

How is the flexibility score calculated?

Points are awarded for different features. More important features get more points. The points are then added up and indexed into a score from 0 to 5.

How personalised is my rating?

Real Time Ratings produces instant scores for loan products and updates them based what you tell us about what you’re looking for in a loan. In that sense, we believe the ratings are as close as you get to personalised; the more you tell us, the more we customise to ratings to your needs. Some borrowers value flexibility, while others want the lowest cost loan. Your preferences will be reflected in the rating. 

We also take a shorter term, more realistic view of how long borrowers hold onto their loan, which gives you a better idea about the true borrowing costs. We take your loan details and calculate how much each of the relevent loans would cost you on average each month over the next five years. We assess the overall flexibility of each loan and give you an easy indication of which ones are likely to adjust to your needs over time. 

What is a construction loan?

A construction loan is loan taken out for the purpose of building or substantially renovating a residential property. Under this type of loan, the funds are released in stages when certain milestones in the construction process are reached. Once the building is complete, the loan will revert to a standard principal and interest mortgage.

Mortgage Calculator, Repayments

The money you pay back to your lender at regular intervals. 

Mortgage Calculator, Repayment Frequency

How often you wish to pay back your lender. 

Mortgage Calculator, Repayment Type

Will you pay off the amount you borrowed + interest or just the interest for a period?

How long does NAB home loan approval take?

The time required to get your home loan from NAB approved can vary based on a number of factors involved in the application process. 

Once you have applied for a home loan, a NAB specialist will contact you within 24 hours over the phone to take down relevant information, including your total income, debts (existing loans, credit cards, etc.), assets (car, shares, etc.), and your monthly expenses (food, utility bills, etc.). Your lender might also ask for information related to the property you want to purchase, including the type of dwelling and preferred postcode.

NAB will then verify all your information and check your credit score, and if the details stack up, you should be given a conditional approval certificate. This certificate stipulates how much money NAB is willing to lend you and is typically valid for 90 days. 

Once you have your conditional approval, you can start browsing for properties that you like and that fit within the budget that NAB has provided. After you find a suitable property, you’ll need to give a copy of the signed deed to NAB, following which you should get full approval and access to the funds. This process can take up to 4-6 weeks. 

What is a building in course of erection loan?

Also known as a construction home loan, a building in course of erection (BICOE) loan loan allows you to draw down funds as a building project advances in order to pay the builders. This option is available on selected variable rate loans.

Mortgage Calculator, Interest Rate

The percentage of the loan amount you will be charged by your lender to borrow. 

Can I take a personal loan after a home loan?

Are you struggling to pay the deposit for your dream home? A personal loan can help you pay the deposit. The question that may arise in your mind is can I take a home loan after a personal loan, or can you take a personal loan at the same time as a home loan, as it is. The answer is that, yes, provided you can meet the general eligibility criteria for both a personal loan and a home loan, your application should be approved. Those eligibility criteria may include:

  • Higher-income to show repayment capability for both the loans
  • Clear credit history with no delays in bill payments or defaults on debts
  • Zero or minimal current outstanding debt
  • Some amount of savings
  • Proven rent history will be positively perceived by the lenders

A personal loan after or during a home loan may impact serviceability, however, as the numbers can seriously add up. Every loan you avail of increases your monthly installments and the amount you use to repay the personal loan will be considered to lower the money available for the repayment of your home loan.

As to whether you can get a personal loan after your home loan, the answer is a very likely "yes", though it does come with a caveat: as long as you can show sufficient income to repay both the loans on time, you should be able to get that personal loan approved. A personal loan can also help to improve your credit score showing financial discipline and responsibility, which may benefit you with more favorable terms for your home loan.

Why should you trust Real Time Ratings?

Real Time Ratings™ was conceived by a team of data experts who have been analysing trends and behaviour in the home loan market for more than a decade. It was designed purely to meet the evolving needs of home loan customers who wish to merge low cost with flexible features quickly. We believe it fills a glaring gap in the market by frequently re-rating loan products based on the changes lenders make daily.

Real Time Ratings™ is a new idea and will change over time to match the frequently-evolving demands of the market. Some things won’t change though – it will always rate all relevent products in our database and will not be influenced by advertising.

If you have any feedback about Real Time Ratings™, please get in touch.

What is the flexibility score?

Today’s home loans often try to lure borrowers with a range of flexible features, including offset accounts, redraw facilities, repayment frequency options, repayment holidays, split loan options and portability. Real Time Ratings™ weights each of these features based on popularity and gives loans a ‘flexibility score’ based on how much they cater to borrowers’ needs over time. The aim is to give a higher score to loans which give borrowers more features and options.

What is an ombudsman?

An complaints officer – previously referred to as an ombudsman -looks at formal complaints from customers about their credit providers, and helps to find a fair and independent solution to these problems.

These services are handled by the Australian Financial Complaints Authority, a non-profit government organisation that addresses and resolves financial disputes between customers and financial service providers.

Does each product always have the same rating?

No, the rating you see depends on a number of factors and can change as you tell us more about your loan profile and preferences. The reasons you may see a different rating:

  • Lenders have made changes. Our ratings show the relative competitiveness of all the products listed at a given time. As the listing change, so do the ratings.
  • You have updated you profile. If you increase your loan amount, the impact of different rates and fees will change which loans are the lowest cost for you.
  • You adjust your preferences. The more you search for flexible loan features, the more importance we assign to the Flexibility Score. You can also adjust your Flexibility Weighting yourself, which will recalculate the ratings with preference given to more flexible loans.