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- Offset Home Loan
Offset Home Loan
- Owner Occupied
- Fixed 3 years
- 30% min deposit
- P&I
Interest rate p.a.
5.99%
Comparison rate* p.a.
6.35%
Offset Home Loan
- Owner Occupied
- Fixed 3 years
- 30% min deposit
- P&I
Interest rate p.a.
5.99%
Comparison rate* p.a.
6.35%
Macquarie Bank Fixed - 3 years Rate Home Loan overview
For Offset Package Home Loan Fixed (Principal and Interest) 3 Years (LVR < 70%)
Principal & Interest (P&I)
Loan type
Loan to value ratio
Interest rate
Comparison rate
Interest only
Loan type
Loan to value ratio
Interest rate
Comparison rate
Details
Maximum LVR
70%
Total repayments
Interest rate type
Fixed - 3 years
Borrowing range
$150k - $10m
Suitable for
Owner Occupiers
Loan term range
0 - 30 years
Repayment type
Principal and Interest
Applicable states
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Repayment options
Monthly
Target Market Determination
Visit Macquarie Bank Limited to view Target Market Determination.
Features
Extra repayments
Allowed with restrictions
Redraw facility
Offset account
Split interest facility
Loan portability
Repayment holiday available
Allow guarantors
Available for first home buyers
Other benefits
Apply for a Macquarie credit card with your offset home loan and receive a waived annual fee. No international purchase fees when you shop overseas or online with your Debit MasterCard.
Fees
Total estimated upfront fees
$350
Application fee
$0
Legal fee
$350
Valuation fee
$0
Settlement fee
$0
Other upfront fee
$0
Ongoing fee
$248
Discharge fee
$400
Other Restrictions
Offset benefit cannot be linked to the fixed portion during the fixed term
Pros and Cons
For Offset Home Loan
Benefits
- Interest rates ranked in the best 20%
- 100% full offset account
- Split account option
Drawbacks
- Limited extra repayments
- No redraw facility
- Loan reverts to higher rate after fixed period
- Ongoing fee
- Higher than average upfront fee
- Discharge fee at end of loan
- Maximum loan amount is limited to 70% of the property's value
