The Mac Basic Variable Home Loan ($250k-$500k) | Review & Compare Home Loans

Basic Variable Home Loan

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Advertised Rate

3.72

% p.a

Variable

Comparison Rate*

3.78

% p.a

Maximum LVR

95%

Real Time Rating™

Monthly Repayment

$1,538

based on $300,000 loan amount for 25 years at 3.72%

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Summary
Features & fees
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Advertised Rate

3.72

% p.a

Variable

Comparison Rate*

3.78

% p.a

Maximum LVR

95%

Real Time Rating™

Monthly Repayment

$1,538

based on $300,000 loan amount for 25 years at 3.72%

Calculate your repayments for this loan

Your estimated repayment

$1,538

based on $300,000 loan amount for 25 years at 3.72%

Based on your details, you can compare and save on the following home loans

Monthly Repayment

$1,199

based on $300,000 loan amount for 25 years at 2.09%

Advertised Rate

2.09

% p.a

Intro 24 months

Comparison Rate*

2.52

% p.a

Cashback

Refinance and get $3,000 cashback for new Owner Occupier and Investment Loans. Terms and Conditions apply.*~ Ends in 13 days

Real Time Rating™

More Features

Monthly Repayment

$1,147

based on $300,000 loan amount for 25 years at 1.85%

Advertised Rate

1.85

% p.a

Intro 24 months

Comparison Rate*

2.21

% p.a

Interest rates ranked in the best 20%
No ongoing fees
Extra repayments and redraw facility
Free redraw facility

Real Time Rating™

More Features

Monthly Repayment

$1,107

based on $300,000 loan amount for 25 years at 1.99%

Advertised Rate

1.99

% p.a

Variable

Comparison Rate*

2.02

% p.a

special

Yard’s low-rate variable special home loan~ Ends in about 1 month

Real Time Rating™

More Features

Quick home loan review

For Basic Variable Home Loan ($250k-$500k)

These are the benefits of this home loan.

No ongoing fees
Suitable for low deposits
Extra repayments and redraw facility
Free redraw facility

These are the drawbacks of this home loan.

No offset account
Higher than average interest rate
Higher than average upfront fee
Discharge fee at end of loan
No repayment holidays

Home loan overview

For Basic Variable Home Loan ($250k-$500k)

Details
Features
Fees
Application method

Details

Maximum LVR 95%	Total Repayments $461,100 View repayment schedule »
Next LVR	Interest rate type Variable
Borrowing range $250k - $500k Calculate how much you can borrow	Suitable for Owner Occupiers
Loan term range 1 - 30 years	Principal & interest
Interest only	Applicable states NSW
Make repayments Fortnightly, Monthly, Weekly

Features

Extra repayments Unlimited extra repayments	Offset account No
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 $400	Application fee $400
Legal fee $0	Valuation fee $0
Settlement fee $0	Other upfront fee $0
Ongoing fee $0	Discharge fee $220

Application method

Online	Phone
Broker	In branch

Other Benefits

Switching has a break cost

Compare and review home loans with similar features

Advertised Rate

3.04

% p.a

Variable

Comparison Rate*

3.04

% p.a

Cashback

$2,000 cashback when you refinance a loan of $250,000 or more~ Ends in about 1 month

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Advertised Rate

3.13

% p.a

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3.14

% p.a

No ongoing fees
Suitable for low deposits
Parents can sign as guarantor
Extra repayments and redraw facility

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2.98

% p.a

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3.02

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Advertised Rate

1.99

% p.a

Variable

Comparison Rate*

1.99

% p.a

special

For a chance to win $100k towards your home loan, simply apply with Athena before Oct 31 & be approved by Dec 15. T&Cs apply.~ Ends in about 1 month

Real Time Rating™

FAQs

The range you can borrow from this loan is $250k to $500k.

This loan option comes with a maximum loan-to-value ratio of 95 percent, which means it requires a minimum deposit of 5 percent

The Mac allows you to have this loan for a range of 1 to 30 years.

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

While it could change based on your circumstances, RateCity estimates that this loan option comes with $400 worth of upfront fees.

Yes, this loan comes with a redraw, charged at $0 if you need to use it.

The Mac makes it possible to apply for this product online. Apply here.

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