Macquarie Bank

Basic Investment Loan Fixed (Principal and Interest) (LVR 80%-90%) 1 Year

Advertised Rate

3.14%

Fixed - 1 year

Comparison Rate*

3.78%

Maximum LVR
90%
Real Time Rating™

1.02

/ 5
Monthly Repayment

$1,288

based on $300,000 loan amount for 25 years

Advertised Rate

3.14%

Fixed - 1 year

Comparison Rate*

3.78%

Maximum LVR
90%
Real Time Rating™

1.02

/ 5
Monthly Repayment

$1,288

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

$1,288

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

  • No ongoing fees
  • Split account option
  • No 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

90%

Total Repayments

Next LVR

Interest rate type

Fixed - 1 year

Borrowing range

Suitable for

Investors

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

Not Allowed

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

Pros and Cons

  • No ongoing fees
  • Split account option
  • No extra repayments
  • No redraw and no offset
  • Discharge fee at end of loan
  • No repayment holidays

Macquarie Bank Features and Fees

Details

Maximum LVR

90%

Total Repayments

Next LVR

Interest rate type

Fixed - 1 year

Borrowing range

Suitable for

Investors

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

Not Allowed

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

FAQs

Why is it important to get the most up-to-date information?

The mortgage market changes constantly. Every week, new products get launched and existing products get tweaked. Yet many ratings and awards systems rank products annually or biannually.

We update our product data as soon as possible when lenders make changes, so if a bank hikes its interest rates or changes its product, the system will quickly re-evaluate it.

Nobody wants to read a weather forecast that is six months old, and the same is true for home loan comparisons.

What is appreciation or depreciation of property?

The increase or decrease in the value of a property due to factors including inflation, demand and political stability.

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.

How does a redraw facility work?

A redraw facility attached to your loan allows you to borrow back any additional repayments that you have already paid on your loan. This can be a beneficial feature because, by paying down the principal with additional repayments, you will be charged less interest. However you will still be able to access the extra money when needed.

How often is your data updated?

We work closely with lenders to get updates as quick as possible, with updates made the same day wherever possible.

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 can I get a home loan with no deposit?

Following the Global Financial Crisis, no-deposit loans, as they once used to be known, have largely been removed from the market. Now, if you wish to enter the market with no deposit, you will require a property of your own to secure a loan against or the assistance of a guarantor.

Mortgage Calculator, Repayment Frequency

How often you wish to pay back your lender. 

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, Loan Purpose

This is what you will use the loan for – i.e. investment. 

How common are low-deposit home loans?

Low-deposit home loans aren’t as common as they once were, because they’re regarded as relatively risky and the banking regulator (APRA) is trying to reduce risk from the mortgage market.

However, if you do your research, you’ll find there is still a fairly wide selection of banks, credit unions and non-bank lenders that offers low-deposit home loans.

What is a specialist lender?

Specialist lenders, also known as non-conforming lenders, are lenders that offer mortgages to ‘non-vanilla’ borrowers who struggle to get finance at mainstream banks.

That includes people with bad credit, as well as borrowers who are self-employed, in casual employment or are new to Australia.

Specialist lenders take a much more flexible approach to assessing mortgage applications than mainstream banks.

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.

How much are repayments on a $250K mortgage?

The exact repayment amount for a $250,000 mortgage will be determined by several factors including your deposit size, interest rate and the type of loan. It is best to use a mortgage calculator to determine your actual repayment size.

For example, the monthly repayments on a $250,000 loan with a 5 per cent interest rate over 30 years will be $1342. For a loan of $300,000 on the same rate and loan term, the monthly repayments will be $1610 and for a $500,000 loan, the monthly repayments will be $2684.

How much deposit do I need for a home loan from NAB?

The right deposit size to get a home loan with an Australian lender will depend on the lender’s eligibility criteria and the value of your property.

Generally, lenders look favourably on applicants who save up a 20 per cent deposit for their property This also means applicants do not have to pay Lenders Mortgage Insurance (LMI). However, you may still be able to obtain a mortgage with a 10 - 15 per cent deposit.  

Keep in mind that NAB is one of the participating lenders for the First Home Loan Deposit Scheme, which allows eligible borrowers to buy a property with as low as a 5 per cent deposit without paying the LMI. The Federal Government guarantees up to 15 per cent of the deposit to help first-timers to become homeowners.

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. 

Mortgage Calculator, Loan Amount

How much you intend to borrow. 

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 much information is required to get a rating?

You don’t need to input any information to see the default ratings. But the more you tell us, the more relevant the ratings will become to you. We take your personal privacy seriously. If you are concerned about inputting your information, please read our privacy policy.