Line of Credit Flyer Home Loan Package up to Line of Credit Flyer Home Loan Package - (up to $749K) LVR 80% (Owner Occupied)

  • 4.14%
    p.a Standard Variable
  • 4.30%
    p.a Comparison**
  • $0
    Upfront fees
  • $398
    Annual fees
  • 80%
    Max Lvr
  • $1,908
    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*
$1,908
rate per annum
4.14%

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.

Lvr
80%
Capitalise LMI
No

Availability

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

Term
1 - 30 years
Min
$150,000
Max
$749,999

Eligibility

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

Financials
Full Doc
Credit History
Conforming
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
Yes
Min Redraw
$1.0
Redraw fee
$0

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
No
Redraw Available
Yes
Credit Card
Yes
Internet Banking
Yes
Telephone Banking
Yes
BPay Option
Yes
Portability of Loan
Yes
Professional Pack
Yes
Check Account
Yes
Direct Salary Credit
Yes
Free Transactions
Yes
Minimum Redraw
Yes
Redraw Fee
No

Repayments

You can make your repaments Monthly.

Interest Only Option
Yes
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.

Total
$0

Ongoing Fees

Monthly and annual fees and charges during the loan period.

Total
$398
Ongoing Yearly
$398

Exit Fees

Fees associated with prematurely ending the loan.

Total
$400
Exit
$400
Early Repayment
$0
Switch To Fixed
$0

Notes

**Primary account is always variable then 1-5 year fixed products available Repayment type Monthly only until further advice. Earn Qantas Points by selecting the Flyer feature – refer to MBMS website for benefits. Offset and Line of Credit Home Loans are ‘packaged’ loans that come with: - A Macquarie Credit Card with the cardholder annual fees waived whilst the home loan is held - One free variation per year - Transactional access with a Platinum Debit MasterCard - Annual package fee of $398, this covers up to 5 loan facilities. If a borrower is not approved for the credit card as part of their package, they will still remain on a package, retaining all the benefits of the free variation and transactional access at a half package fee of $199 per year. Package terms and conditions apply. A flexible loan that allows borrowers to consolidate finances and use home equity to build wealth. Includes: - Up to 10 loan account splits to access equity in the property - Global facility limit to make an unlimited number of withdrawals and deposits during the life of the loan - Interest capitalisation with no ongoing repayments required - Convenience and benefits of a Debit MasterCard linked to the primary loan account, with free access to all domestic ATMs, including the rediATM network - Macquarie Credit Card with annual cardholder fees waived Unlimited amount of additional repayments can be made to loans with a variable interest rate through the loan term without

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) - Max LVR 80% for all owner occupied interest only loans including line of credit

Fee Notes

Redraw free if electronic. Valuation fee: Payable if valuation >$300. $110 Valuation upfront fee payable if the last valuation is older than three months as at the Settlement Date. $250 Variation fee payable for a variation to the Loan Facility. Documentation fee: $330+GST (standard deals) $440+ GST (complex deals) Additional costs to a max of $190 paid by MSL *Displayed as 'at cost' in loan offer Additional sub account fee: $100

*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