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Macquarie Bank

Offset Home Loan

Interest Rate

2.19

% p.a

Variable

Comparison Rate*

2.47

% p.a

Maximum LVR
70%
Real Time Rating™

3.85

/ 5
Monthly Repayment

$1,300

based on $300,000 loan amount for 25 years at 2.19%

Interest Rate

2.19

% p.a

Variable

Comparison Rate*

2.47

% p.a

Maximum LVR
70%
Real Time Rating™

3.85

/ 5
Monthly Repayment

$1,300

based on $300,000 loan amount for 25 years at 2.19%

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$1,300

based on $300,000 loan amount for 25 years at 2.19%

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

John Fulford

5.0
3 Reviews

Get expert advice from a home loans specialist.

John enjoy’s helping people achieve their goals and has a passion for property. For 2 years now at Newcastle Finance Brokers he has been helping people find the best products and loans to suit his clients. John holds his Cert IV and Diploma in Finance & Mortgage broking.

NSW2292

CRN: 515694

Vini Paulatti

5.0
4 Reviews

Get expert advice from a home loans specialist.

Specialized in investment property (residential, commercial, trust and SMSF). Have helped many clients to overcome the borrowing capacity limitation they all face when start building an investment property portfolio. Helped many clients to refinance and reduce their home loan repayments, allowing then to increase their savings to contribute towards the next investment property purchase. Our mission is to simplify the loan process to our clients and at the same time add value to our clients to keep then with us in a long term.

VIC3750

CRN: 527259

Quick home loan review

For Offset Package Home Loan (Principal and Interest) (LVR 60%-70%)

These are the benefits of this home loan.

  • Interest rates ranked in the best 20%
  • 100% full offset account
  • Extra repayments and redraw facility
  • Free redraw facility
  • Split account option

These are the drawbacks of this home loan.

  • 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

Home loan overview

For Offset Package Home Loan (Principal and Interest) (LVR 60%-70%)

TMD

Details

Maximum LVR

70%

Total Repayments

Next LVR

Interest rate type

Variable

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

Unlimited extra repayments

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

$248 annually

Discharge fee

400

Application method

Online

Phone

In branch

Target Market Determination

Visit Macquarie Bank to view Target Market Determination.

Other Benefits

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.

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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 $5,000,000.

What's the minimum deposit needed for this loan?

This loan option comes with a maximum loan-to-value ratio of 70 percent, which means it requires a minimum deposit of 30 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.