Basic Flyer Home Loan Fixed (Principal and Interest) (LVR 80%-95%) 5 Years
- Last updated on 26 May 2020
Fixed - 5 years
based on $300,000 loan amount for 25 years
- No ongoing fees
- Suitable for low deposits
- Repayments will not change during fixed period
- Limited extra repayments
- No redraw and no offset
- Discharge fee at end of loan
- Repayments won't decrease if RBA cuts rates
Interest rate structure
Fixed - 5 years
$150k - $850k
Principal & interest
Loan term range
0 - 30 years
Allowed with restrictions
Allows split interest
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Estimated upfront fees
Minimum SMSF Amount
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.
Compare and review home loans with similar features
Macquarie Group Limited (commonly known as Macquarie Bank) employs more than 14,000 staff in over 70 office locations across 28 countries. It is headquartered in Sydney.
Macquarie Bank provides a wide range of home loans, including mortgages for first homebuyers, investors, upgraders and renovators.
Customer service is available through the online service portal, mobile app, or via phone.
It’s no longer possible to get a no-deposit home loan in Australia. In some circumstances, you might be able to take out a mortgage with a 5 per cent deposit – but before you do so, it’s important to weigh up the pros and cons.
The big advantage of borrowing 95 per cent (also known as a 95 per cent home loan) is that you get to buy your property sooner. That may be particularly important if you plan to purchase in a rising market, where prices are increasing faster than you can accumulate savings.
But 95 per cent home loans also have disadvantages. First, the 95 per cent home loan market is relatively small, so you’ll have fewer options to choose from. Second, you’ll probably have to pay LMI (lender’s mortgage insurance). Third, you’ll probably be charged a higher interest rate. Fourth, the more you borrow, the more you’ll ultimately have to pay in interest. Fifth, if your property declines in value, your mortgage might end up being worth more than your home.