Offset Flyer Investment Loan Package Fixed (Interest Only) 3 Years (LVR 70%-80%)
- Last updated on 12 Jul 2020
Discount Variable Home Loan
specialRate cut to 2.49% p.a effective on 17 July 2020
Make the move to UBank's award winning home loan
Owner Occupier Discounted Variable Rate
Fixed - 3 years
based on $300,000 loan amount for 25 years
- No upfront fees
- 100% full offset account
- Comes with a credit card
- Repayments will not change during fixed period
- Limited extra repayments
- Annual fee charged
- Discharge fee at end of loan
- Repayments won't decrease if RBA cuts rates
Interest rate structure
Fixed - 3 years
$150k - $2m
Principal & interest
Loan term range
0 - 30 years
100% offset account
Allowed with restrictions
Allows split interest
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Total estimated upfront fees
Other upfront fee
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. Apply for a Macquarie credit card with your offset home loan and receive a competitive rate of 5.90% p.a for the first 14 months and waived annual fee. No international purchase fees when you shop overseas or online with your Debit MasterCard.
Offset benefit cannot be linked to the fixed portion during the fixed term
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.
A split loan lets you fix a portion of your loan, and leave the remainder on a variable rate so you get a bet each way on fixed and variable rates. A split loan is a good option for someone who wants the peace of mind that regular repayments can provide but still wants to retain some of the additional features variable loans typically provide such as an offset account. Of course, with most things in life, split loans are still a trade-off. If the variable rate goes down, for example, the lower interest rates will only apply to the section that you didn’t fix.
A variable rate can fluctuate over the life of a loan as determined by your lender. While the rate is broadly reflective of market conditions, including the Reserve Bank’s cash rate, it is by no means the sole determining factor in your bank’s decision-making process.
A fixed rate is one which is set for a period of time, regardless of market fluctuations. Fixed rates can be as short as one year or as long as 15 years however after this time it will revert to a variable rate, unless you negotiate with your bank to enter into another fixed term agreement
Variable rates is that they are typically more flexible than their fixed rate counterparts which means that a lot of these products will let you make extra repayments and offer features such as offset accounts however fixed rates do offer customers a level of security by knowing exactly how much they need to set aside each month.
Determining who has the ‘best’ home loan really does depend on your own personal circumstances and requirements. It may be tempting to judge a loan merely on the interest rate but there can be added value in the extras on offer, such as offset and redraw facilities, that aren’t available with all low rate loans.
To determine which loan is the best for you, think about whether you would prefer the consistency of a fixed loan or the flexibility and potential benefits of a variable loan. Then determine which features will be necessary throughout the life of your loan. Thirdly, consider how much you are willing to pay in fees for the loan you want. Once you find the perfect combination of these three elements you are on your way to determining the best loan for you.