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Macquarie Bank

Basic Home Loan

Advertised Rate

4.11

% p.a

Fixed - 4 years

Comparison Rate*

3.37

% p.a

Maximum LVR
95%
Real Time Rating™

1.71

/ 5
Monthly Repayment

$1,602

based on $300,000 loan amount for 25 years at 4.11%

Advertised Rate

4.11

% p.a

Fixed - 4 years

Comparison Rate*

3.37

% p.a

Maximum LVR
95%
Real Time Rating™

1.71

/ 5
Monthly Repayment

$1,602

based on $300,000 loan amount for 25 years at 4.11%

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$1,602

based on $300,000 loan amount for 25 years at 4.11%

Macquarie Bank home loans are available through brokers who can help find the right loan and manage your application at no charge.

Tedjo Hadiwidjojo

5.0
17 Reviews

Get expert advice from a home loans specialist.

An experienced mortgage broker with over 15 years in the finance industry, dedicating to finding the right loan product from a wide range of lenders to meet your lending requirement. I pride myself to provide Speed, Convenience and adding Value to my clients. Buying property whether it’s your home or investment comes with complex choices and can be daunting. There are a lot of variables to consider when choosing the right loans. With my experience as a mortgage broker and an investor myself, I will recommend you the best lender and guide you through the process to get you the best possible loan option and lending rates.

Response time: in 32 minutes | Our brokers call during business hours between 9.00am to 6.00pm.

Joel Flanagan

5.0
11 Reviews

Get expert advice from a home loans specialist.

I'm a loan specialist providing an outstanding professional service for each one of my clients. More than 15 years of experience and seven years as Director of Oak Financial Group, have given me the absolute knowledge about residential & commercial mortgage brokering to help, advise and guide my clients through their loan journey in the most effective way, always aiming to get the most favourable results. I'm available seven days a week, willing to answer my client's enquiries in the most transparent and comprehensive way.

Response time: in an hour | Our brokers call during business hours between 9.00am to 6.00pm.

Quick home loan review

For Basic Home Loan Fixed (Principal and Interest) (LVR 80%-95%) 4 Years

These are the benefits of this home loan.

  • No ongoing fees
  • Suitable for low deposits
  • Extra repayments and redraw facility
  • Free redraw facility
  • Split account option

These are the drawbacks of this home loan.

  • Limited extra repayments
  • No offset account
  • Higher than average interest rate
  • Loan reverts to higher rate after fixed period
  • Higher than average upfront fee
  • Discharge fee at end of loan
  • No repayment holidays

Home loan overview

For Basic Home Loan Fixed (Principal and Interest) (LVR 80%-95%) 4 Years

TMD

Details

Maximum LVR

95%

Total Repayments

Next LVR

Interest rate type

Fixed - 4 years

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

Redraw fee: $0

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

Target Market Determination

Visit Macquarie Bank to view Target Market Determination.

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FAQs

What is the minimum amount you can apply for?

The range you can borrow from this loan is $150k to $850k.

What's the minimum deposit needed for this loan?

This loan option comes with a maximum loan-to-value ratio of 95 percent, which means it requires a minimum deposit of 5 percent

What's the maximum length for this loan?

Macquarie Bank allows you to have this loan for a range of 0 to 30 years.

How often can you make repayments?

Macquarie Bank allows you to make repayments to this loan option through one of the following repayment schedules: monthly.

How much will the upfront fees be for this loan?

While it could change based on your circumstances, RateCity estimates that this loan option comes with $363 worth of upfront fees.

Does this loan come with a redraw facility?

Yes, this loan comes with a redraw, charged at $0 if you need to use it.

Where can you apply for this loan?

Macquarie Bank makes it possible to apply for this product online. Apply here.

Can a broker help me with this loan?

Yes, this Macquarie Bank loan is available through a broker. Find a broker to help you with your needs.