Basic Home Loan up to Basic Home Loan - (up to $749K) LVR >90% to 95% (Principal & Interest) (Owner Occupied)
4.19%p.a Standard Variable
About Macquarie Bank
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 95% 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
Save on interest repayments by holding spare cash in an offset account.
- Offset account
Get quick access to cash by drawing on the loan to pay for renovations or other purchases.
- Redraw Facility
- Min Redraw
- Redraw fee
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
- 0 years
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.
Monthly and annual fees and charges during the loan period.
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 **
LMI payable if LVR >80%. Purchase Owner Occupied P&I max LVR 95% inclusive of LMI capitalisation. Purchase/Equity release/Refinances max 90% inclusive of LMI capitalisation. Owner Occupier Interest Only max 80% inclusive of LMI capitalisation. 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)
Evidence of savings required(minimum 5% where LVR is greater than 85%, minimum 10% for investment loans where LVR > 85%). A minimum deposit of 15 per cent required for loan amount greater than $2,000,000
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