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Macquarie Credit Union

Power Home Loan Package

Advertised Rate

4.04

% p.a

Variable

Comparison Rate*

4.46

% p.a

Maximum LVR
90%
Real Time Rating™

2.10

/ 5
Monthly Repayment

$1,590

based on $300,000 loan amount for 25 years at 4.04%

Advertised Rate

4.04

% p.a

Variable

Comparison Rate*

4.46

% p.a

Maximum LVR
90%
Real Time Rating™

2.10

/ 5
Monthly Repayment

$1,590

based on $300,000 loan amount for 25 years at 4.04%

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$1,590

based on $300,000 loan amount for 25 years at 4.04%

Quick home loan review

For Power Investment Loan Package ($250k-$400k)

These are the benefits of this home loan.

  • No upfront fees
  • 100% full offset account
  • Extra repayments and redraw facility
  • Free redraw facility
  • Split account option

These are the drawbacks of this home loan.

  • Higher than average interest rate
  • Ongoing fee
  • Discharge fee at end of loan

Home loan overview

For Power Investment Loan Package ($250k-$400k)

TMD

Details

Maximum LVR

90%

Total Repayments

Next LVR

Interest rate type

Variable

Borrowing range

Suitable for

Investors

Loan term range

1 - 30 years

Principal & interest

Interest only

Applicable states

ACT, NSW, NT, QLD, SA, TAS, VIC, WA

Make repayments

Fortnightly, Monthly, Weekly

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

0

Application fee

0

Valuation fee

$0

Settlement fee

0

Other upfront fee

0

Ongoing fee

$400 annually

Discharge fee

200

Application method

Online

Phone

In branch

Target Market Determination

Visit Macquarie Credit Union to view Target Market Determination.

Other Benefits

Bonus rates on term deposits, discounts on home, landlord's and comprehensive car insurance.

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FAQs

What is the minimum amount you can apply for?

The range you can borrow from this loan is $250k to $400k.

What's the minimum deposit needed for this loan?

This loan option comes with a maximum loan-to-value ratio of 90 percent, which means it requires a minimum deposit of 10 percent

What's the maximum length for this loan?

Macquarie Credit Union allows you to have this loan for a range of 1 to 30 years.

How often can you make repayments?

Macquarie Credit Union allows you to make repayments to this loan option through one of the following repayment schedules: fortnightly, monthly, weekly.

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 $0 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 Credit Union makes it possible to apply for this product online. Apply here.

Can a broker help me with this loan?

Yes, this Macquarie Credit Union loan is available through a broker. Find a broker to help you with your needs.