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Home Equity Loan

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Customise your mortgage repayments by entering your details:

I want to borrow

Loan Term

years

Repayment Frequency

Pros and Cons

Pros:
  • No ongoing fees
  • Free redraw facility
  • Repayments may decrease if RBA cuts rates
Cons:
  • No extra repayments
  • Discharge fee at end of loan
  • Repayments may increase if RBA raises rates
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Fees and Features

Maximum LVR
Maximum LVR
80%
Interest rate structure
Interest rate structure
Variable
Borrowing range
Borrowing range
$5k - $100m
Total repayments
Total repayments
$560,700
Principal & interest
Principal & interest
Interest only
Interest only
Loan term
Loan term
1 - 30 years
Offset account
Offset account
Extra repayments
Extra repayments
Not Allowed
Redraw facility
Redraw facility
Redraw fee: $0
Allows split interest
Allows split interest
Suitable For
Suitable ForLine of Credit, Owner Occupiers
Applicable States
Applicable StatesACT, NSW, NT, QLD, SA, TAS, VIC, WA
Make Repayments
Make RepaymentsFortnightly, Monthly, Weekly
Estimated upfront fees
Estimated upfront fees
$570.00
Application fee
Application fee
$250
Settlement fee
Settlement fee
$0
Valuation fee
Valuation fee
$320
Legal fee
Legal fee
At Cost
Ongoing fee
Ongoing fee
$0
Discharge fee
Discharge fee
$200
Property Type
Property Type
SMSF Trustee
SMSF Trustee
Minimum SMSF Amount
Minimum SMSF Amount
Maximum LVR
Maximum LVR
80%
Interest rate structure
Interest rate structure
Variable
Borrowing range
Borrowing range
$5k - $100m
Total repayments
Total repayments
$560,700
Principal & interest
Principal & interest
Interest only
Interest only
Loan term
Loan term
1 - 30 years
Offset account
Offset account
Extra repayments
Extra repayments
Not Allowed
Redraw facility
Redraw facility
Redraw fee: $0
Allows split interest
Allows split interest
Suitable For
Suitable ForLine of Credit, Owner Occupiers
Applicable States
Applicable StatesACT, NSW, NT, QLD, SA, TAS, VIC, WA
Make Repayments
Make RepaymentsFortnightly, Monthly, Weekly
Estimated upfront fees
Estimated upfront fees
$570.00
Application fee
Application fee
$250
Settlement fee
Settlement fee
$0
Valuation fee
Valuation fee
$320
Legal fee
Legal fee
At Cost
Ongoing fee
Ongoing fee
$0
Discharge fee
Discharge fee
$200
Property Type
Property Type
SMSF Trustee
SMSF Trustee
Minimum SMSF Amount
Minimum SMSF Amount

Macquarie Credit Union is a financial institution that offers a full range of banking services including home and car loans, savings deposits, credit cards and insurance products.

Macquarie Credit Union, based in Dubbo, was established to service the needs of the employees and families of local, state or federal government agencies in NSW or the ACT and essential energy services. Anyone working for these organisations or residing in the Dubbo local government area can become a member.

The credit union meets the same regulatory standards as banks and is a long-standing financial service provider. The difference between credit unions and the banks is that Macquarie Credit Union guarantees to serve its members first rather than profit making.

Macquarie Credit Union Home Loan Calculator  
Interested in a Macquarie Credit Union home loan? RateCity has a suite of calculators that can show you what your repayments would be and how Macquarie Credit Union compares to its competitors. Simply plug in your borrowing amount below.

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