based on 407 Macquarie product reviews as rated by Mozo community

Macquarie home loans

Macquarie is a homegrown success story - it began in Sydney in 1969 and has since flourished into a global business, operating in 28 countries around the world. It has a range of home loans on offer to suit every budget, lifestyle and goal, so whether you’re buying your first home or your fifth, you’ll find a mortgage to make it happen here. 

Check out the details of all their mortgage options below.

What home loans do Macquarie offer?

Rates and fees verified as correct at 19 April 2024. Other information correct at the time of writing. Advertiser disclosure.

Fixed Rate Home Loans

The fixed rate Basic Home Loan from Macquarie is a fee free option - no service or application fees in sight. Don’t let the name fool you though, the Basic Home Loan is packed with handy features to help you save money on your mortgage like free extra repayments and the ability to make redraws. Just keep in mind that these features do come with conditions - your extra repayments are capped at 5% p.a. and redraws will attract a fee if you do it over the counter. You can also bundle your Basic Home Loan - or any Macquarie home loan for that matter - with a Macquarie Credit Card, and skip paying the annual credit card fee for the life of your loan. This loan is only available for amounts between $150,000 and $750,000, for borrowers with an LVR of less than 80%.

Home loan repayments calculator

years

Product Fixed 3 year rate Comparison Rate Service fee Upfront fee Monthly repayments  

6.59% p.a.

6.73% p.a.

$0.00

$350

Go to site

6.49% p.a.

6.59% p.a.

$0.00

$350

Go to site

6.09% p.a.

6.19% p.a.

$0.00

$350

Go to site

6.49% p.a.

7.01% p.a.

$0.00

$350

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5.99% p.a.

6.13% p.a.

$0.00

$350

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6.59% p.a.

6.73% p.a.

$0.00

$350

Go to site

6.49% p.a.

6.59% p.a.

$0.00

$350

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6.39% p.a.

6.46% p.a.

$0.00

$350

Go to site

6.59% p.a.

7.11% p.a.

$0.00

$350

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6.29% p.a.

6.35% p.a.

$0.00

$350

Go to site

Variable Rate Home Loans

If you opt for the variable rate Basic Home Loan, you’ll get all the great features packed into the fixed rate alternative, but with added flexibility. You won’t pay upfront or service fees on this loan, and borrowers can get their hands on amounts up to $5,000,000 and in some circumstances, with an LVR up to 95%. Flexible features include unlimited fee free extra repayments, unlimited free redraws and the opportunity to take repayment holidays. You can also choose how you repay your loan by opting for fortnightly or monthly repayments, and either a principal and interest or interest only loan.

Home loan repayments calculator

years

Product Rate Comparison Rate Service fee Upfront fee Monthly repayments  

6.59% p.a.

6.62% p.a.

$0.00

$350

Go to site

6.15% p.a.

6.17% p.a.

$0.00

$350

Go to site

6.75% p.a.

6.78% p.a.

$0.00

$350

Go to site

6.19% p.a.

6.21% p.a.

$0.00

$350

Go to site

6.39% p.a.

6.41% p.a.

$0.00

$350

Go to site

7.19% p.a.

7.22% p.a.

$0.00

$350

Go to site

6.55% p.a.

6.58% p.a.

$0.00

$350

Go to site

6.15% p.a.

6.17% p.a.

$0.00

$350

Go to site

6.59% p.a.

6.62% p.a.

$0.00

$350

Go to site

6.34% p.a.

6.36% p.a.

$0.00

$350

Go to site

6.75% p.a.

6.78% p.a.

$0.00

$350

Go to site

6.45% p.a.

6.48% p.a.

$0.00

$350

Go to site

7.29% p.a.

7.32% p.a.

$0.00

$350

Go to site

6.55% p.a.

6.58% p.a.

$0.00

$350

Go to site

6.34% p.a.

6.36% p.a.

$0.00

$350

Go to site

Fixed Package Home Loan

The fixed rate Offset Home Loan Package from Macquarie is similar to the fixed rate Basic Home Loan, in that it’s available for amounts up to $750,000, for borrowers with an LVR lower than 80%. It differs in that you will pay a half-yearly service fee. The tradeoff for this fee is the use of a 100% offset account to keep your home loan costs low. Other money saving features include the ability to make extra repayments up to 5% each year, choose between an interest only or principal and interest loan and make your repayments either fortnightly or monthly to suit your schedule.

Home loan repayments calculator

years

Product Fixed 3 year rate Comparison Rate Service fee Upfront fee Monthly repayments

6.59% p.a.

6.95% p.a.

$248.00 yearly

$350

6.49% p.a.

6.81% p.a.

$248.00 yearly

$350

6.09% p.a.

6.41% p.a.

$248.00 yearly

$350

6.49% p.a.

7.23% p.a.

$248.00 yearly

$350

5.99% p.a.

6.35% p.a.

$248.00 yearly

$350

6.59% p.a.

6.95% p.a.

$248.00 yearly

$350

6.49% p.a.

6.81% p.a.

$248.00 yearly

$350

6.39% p.a.

6.68% p.a.

$248.00 yearly

$350

6.59% p.a.

7.33% p.a.

$248.00 yearly

$350

6.29% p.a.

6.57% p.a.

$248.00 yearly

$350

Variable Package Home Loan

Borrowers who opt for a variable rate Offset Home Loan Package from Macquarie can secure up to $5,000,000 and depending on your situation, up to 95% of the property’s value. Some of the flexible features included with this package are unlimited free extra repayments, the option to take repayment holidays, fee free online redraws and the use of a 100% offset account. You can also opt for either monthly or fortnightly repayments to suit your budget and choose either a principal and interest or interest only loan. Just keep in mind that in return for all these great features, you will pay a half-yearly service fee.

Home loan repayments calculator

years

Product Rate Comparison Rate Service fee Upfront fee Monthly repayments  

6.59% p.a.

6.84% p.a.

$248.00 yearly

$350

Go to site

6.15% p.a.

6.40% p.a.

$248.00 yearly

$350

Go to site

6.75% p.a.

6.99% p.a.

$248.00 yearly

$350

Go to site

6.19% p.a.

6.44% p.a.

$248.00 yearly

$350

Go to site

6.39% p.a.

6.64% p.a.

$248.00 yearly

$350

Go to site

7.19% p.a.

7.43% p.a.

$248.00 yearly

$350

Go to site

6.55% p.a.

6.80% p.a.

$248.00 yearly

$350

Go to site

6.15% p.a.

6.40% p.a.

$248.00 yearly

$350

Go to site

6.59% p.a.

6.84% p.a.

$248.00 yearly

$350

Go to site

6.34% p.a.

6.59% p.a.

$248.00 yearly

$350

Go to site

6.75% p.a.

6.99% p.a.

$248.00 yearly

$350

Go to site

6.45% p.a.

6.70% p.a.

$248.00 yearly

$350

Go to site

7.29% p.a.

7.53% p.a.

$248.00 yearly

$350

Go to site

6.55% p.a.

6.80% p.a.

$248.00 yearly

$350

Go to site

6.34% p.a.

6.59% p.a.

$248.00 yearly

$350

Go to site

Macquarie home loan features in a glance

Free icon

No account management fees

Opt for a Basic Home Loan from Macquarie and you won’t pay any account management fees at all! But keep in mind that if you go for the Offset Home Loan package, you will pay a half-yearly service fee on your mortgage.

Award icon

Bundling option

Got a Macquarie credit card? Want one? When you bundle your credit card with your Macquarie home loan, the annual credit card fee will be waived for the life of your loan.

Offset icon

Offset account

It’s all in the name for the Offset Account Home Loan Package! Choose this option from Macquarie in either a fixed or variable rate version and get full use of a 100% offset account.

How are Macquarie home loans rated?

Mozo users have rated Macquarie home loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of home-loans
Macquarie home loans
Overall
Price
Features
Customer service
Convenience
Trust

179 Reviews

Recent Macquarie home loan reviews

Macquarie Basic Home Loan
Overall 6/10
Great rate and free redraw!!

The Macquarie basic home loan has a good rate and allows unlimited and free redraw which is fantastic. It comes with a no fee credit card as well, however, with a limit of only $1000 it is of little use.

Read full review

The Macquarie basic home loan has a good rate and allows unlimited and free redraw which is fantastic. It comes with a no fee credit card as well, however, with a limit of only $1000 it is of little use.

Price
6/10
Features
5/10
Customer service
5/10
Convenience
6/10
Trust
7/10
Less
Rob, Victoria, reviewed about 1 month ago
Macquarie Home Loan
Overall 10/10
Good bank to deal with.

Good bank to deal with. Downside, cannot withdraw cash at supermarket.

Read full review

Good bank to deal with. Downside, cannot withdraw cash at supermarket.

Customer service
10/10
Trust
10/10
Less
Amanda, Victoria, reviewed 30 days ago
Macquarie Basic Home Loan
Overall 7/10
User Friendly

User friendly home loan banking. Competitive rates and good communication.

Read full review

User friendly home loan banking. Competitive rates and good communication.

Price
8/10
Features
7/10
Customer service
6/10
Trust
6/10
Less
Tara, Queensland, reviewed 16 days ago
Macquarie Offset Home Loan (Package)
Overall 7/10
Gigi

Stable bank with good online features. Not cheapest in market.

Read full review

Stable bank with good online features. Not cheapest in market.

Price
7/10
Features
5/10
Customer service
6/10
Convenience
6/10
Trust
6/10
Less
Perrin, New South Wales, reviewed 16 days ago
Macquarie Offset Home Loan (Package)
Overall 10/10
Great service and comparable rates

We have been with Macquarie for over a year and a half. We have our mortgage with them and combined offset bank accounts. They are very competitive in terms of their interest rate. They have great customer service and good services. We like the fact that we can have up to 7 separate offset accounts which we use to put separate savings aside for. We haven’t had any issues however I know their customer service is great.

Read full review

We have been with Macquarie for over a year and a half. We have our mortgage with them and combined offset bank accounts. They are very competitive in terms of their interest rate. They have great customer service and good services. We like the fact that we can have up to 7 separate offset accounts which we use to put separate savings aside for. We haven’t had any issues however I know their customer service is great.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Tanya, Western Australia, reviewed about 2 months ago

What do you need to apply for a Macquarie home loan?

If you’ve picked a Macquarie home loan to make your property buying dreams a reality, then you can either apply online, call Macquarie, or request a call from Macquarie’s mortgage team. Before you start, make sure you're eligible to apply with this quick checklist.

I…

When you apply, you should have a few details on hand to make the process run smoothly, including:

Home loan quick links