Basic Home Loan up to Basic Home Loan - (up to $749K) LVR 80% (Interest Only) (Owner Occupied)

  • 4.09%
    p.a Standard Variable
  • 4.09%
    p.a Comparison**
  • $0
    Upfront fees
  • $0
    Annual fees
  • 80%
    Max Lvr
  • $1,865
    Per Month*

About Macquarie Bank

Macquarie Group is a leading provider of financial, advisory, investment and funds management services. Their global operations include offices in the world's major financial centres. Their breadth of expertise covers advisory and capital markets, trading and hedging, funds management, asset finance, financing, research and retail financial services. The diversity of Macquarie Group’s operations, combined with a strong capital position and robust risk management framework, has contributed to our 45-year record of unbroken profitability.

Standard Variable

Repayments calculated to take into account ongoing monthly and anual fees.

Monthly repayment*
rate per annum

Loan to Value Ratio

Borrow up to the maxium of 80% of the value of the property.

Lenders Mortgage Insurance, or LMI, will be payable on most loans where the borrowings are greater than 80% of the value of the property.

However, you may be able to capitalise LMI into your loan, increasing the overall loan amount by about 2% (in order to cover the cost of the insurance). Contact a loan market broker to find out how LVR and LMI might impact the cost of your loan repayments.

Capitalise LMI


For ["Construction", "Equity", "Owner Occupied"], in ["NSW", "NT", "QLD", "SA", "WA", "VIC", "TAS", "ACT"].

1 - 30 years


The level of financial documentaion and credit history required to apply for the loan.

Full Doc
Credit History
Genuine Saving
Not Required

Redraw Facility

Get quick access to cash by drawing on the loan to pay for renovations or other purchases.

Redraw Facility
Min Redraw
Redraw fee

Banking Features

Given the wide range of loans on offer – with different interest rates, product features and fees – it pays to shop around to find the loan that fits your needs and circumstances. Some loans offer features that may be appropriate for your situation and result in savings over the life of the loan.

Some features you may wish to consider include:

  • an offset account;
  • ability to make extra repayments;
  • a redraw facility; and
  • linked credit card and savings accounts;
  • ability to split your loan between fixed and variable interest rates
Offset Account
Redraw Available
Credit Card
Internet Banking
Telephone Banking
BPay Option
Portability of Loan
Professional Pack
Check Account
Direct Salary Credit
Free Transactions
Minimum Redraw
Redraw Fee


You can make your repaments Fortnightly and Monthly.

Interest Only Option
Max Interest Only
5 years

Upfront Fees

Upfront fess associated with estabilishing the loan. Other loan set-up fees, such as valuation fees and lender's mortgage insurance, and Government charges, such as registration fees and stamp duty on property transfer, have not been included. These will be determined after application.


Ongoing Fees

Monthly and annual fees and charges during the loan period.


Exit Fees

Fees associated with prematurely ending the loan.

Early Repayment
Switch To Fixed


Fee-free upfront valuations – Available for property loans up to $2 million A simple loan with no account management fee and a competitive interest rate. It has the option of interest only repayments for up to 5 years, or a principal & interest ; interest repayment plan over the life of the loan. This product offers the flexibility of redraw and a choice of repayment frequencies (excluding construction period). Additional repayments are also accepted at any time (limited during fixed terms, construction loans excluded). Standard residential loan purposes apply such as: - Purchase or refinance an owner-occupied or investment property - Equity loans for investment or personal purposes Key Features: - Redraw (Not available during construction) - Deposit card - Option to split home loan into 2 accounts (limited to 2 only at settlement, up to 6 splits post settlement. Fees may apply). - Construction (discount not applicable during construction) - Internet and phone access Additional payments can be made by BPAY or at Australia Post using the deposit card. Interest Only option available. At the end of the initial interest only period, a further interest only period may be negotiated with a full reassessment in line with the Credit Parameters. A product variation fee may apply. Manual redraw available (minimum amount and fees apply). ** Construction loans do not qualify for promotional rates **

LVR Notes

No LMI required. Maximum loan amount $5m at <=70%, $2,000,000 at 80% LVR, $850k at 90% LVR, $750k at 95% LVR (Only available for Owner Occupied, must be purchase and P&I only, not applicable for IO)

Fee Notes

Construction administration fee: $699 (=$400,000 ) $999 (>$400,000) $110 Valuation update fee payable if original valuation was obtained 3 months or more before settlement.Fee-free upfront valuations – Available for property loans up to $2 million. $50 Manual Redraw / Advance Fee payable for overnight redraws. $60 General consent fee payable for loan conversions from IO to P&I; I or P&I; I to IO. Excludes any statutory costs. Fees: The $363 Standard Documentation fee will be waived for

*Monthly Repayments

Monthly repayments are calculated to take into account the loan amount, repayment term and ongoing fees and charges over the life of the loan.

  • Variable rate loans show the monthly repayments at the current rate.
  • Fixed rate loans show the monthly repayment during the fixed period only.
  • Monthly repayment calculations are an approximate guide only. Speak to a LoanMarket Mortgage broker to understand the exact cost of a loan given your particular circumstances.

**Comparison Rates

A comparison rate is a tool to help consumers identify the true cost of a loan. It factors in the interest rate, loan amount, repayment term and ongoing fees and charges and displays this as a single percentage rate that can be used to compare various loans from different lenders.

Monthly Repayment and Comparison Rate* calculations do not include:

  • The use of account features such as early repayments and offset accounts which vary widely among loans and can reduce the cost of a loan significantly.
  • Cost savings such as fee waivers or special rate discounts.
  • Fees and charges associated with loan options or events that may or may not be used by the borrower, such as early repayment or redraw fees
  • Lenders Mortgage Insurance (LMI) which may be required to secure the loan and can increase the cost of the loan.
  • Government charges such as stamp duty or mortgage registration fees.
  • Fees and charges which aren’t available at the time the comparison rate is provided