Offset Package Home Loan Fixed (Principal and Interest) 1 Year (LVR < 70%)
- 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 - 1 year
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 - 1 year
$150k - $5m
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
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.
Real Time RatingsTM looks at your individual home loan requirements and uses this information to rank every applicable home loan in our database out of five.
This score is based on two main factors – cost and flexibility.
Cost is calculated by looking at the interest rates and fees over the first five years of the loan.
Flexibility is based on whether a loan offers features such as an offset account, redraw facility and extra repayments.
Real Time RatingsTM also includes the following assumptions:
- Costs are calculated on the current variable rate however they could change in the future.
- Loans are assumed to be principal and interest
- Fixed-rate loans with terms greater than five years are still assessed on a five-year basis, so 10-year fixed loans are assessed as being only five years’ long.
- Break costs are not included.