Offset Flyer Home Loan Package up to Offset Flyer Home Loan Package - (up to $749K) LVR >90% to 95% (Principal & Interest) (Owner Occupied)
4.24%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 ["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.
- Ongoing Yearly
Fees associated with prematurely ending the loan.
- Early Repayment
- Switch To Fixed
To be eligible for the discount variable rate on Package loans, borrowers must apply for and activate their Macquarie Bank credit card as part of the Package. To retain the discount, borrowers must keep Macquarie Bank credit card open for the life of the loan. Terms, conditions and limitations apply to Package loans. For more information, refer to the Macquarie Package Terms and Conditions. The Offset is a fully transactional loan aimed at clients who want to pay off their loan sooner through the use of an offset account, yet maintain flexibility. It combines a fully featured home loan with all the benefits of a 100% offset account and multiple account options meaning salary and other funds can be paid directly into the loan. The overall loan term and amount of interest paid can be reduced as the interest is calculated daily on the net loan balance. The balance in the offset account accrues interest at the same rate as the home loan and reduces the total interest payable on the loan. This means that the client only pays interest on the balance of the home loan less the funds in the offset account on any given day. Funds in the offset account can be accessed using the cash card, internet and phone access, cheque book, BPAY and third party direct debits. Fee-free upfront valuations Available for property loans up to $2 million This package is designed for home buyers and investors who want a flexible home loan solution with an offset subaccount and to be rewarde
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
$110 Valuation update fee payable if original valuation was obtained 3 months or more before settlement $50 Manual Redraw / Advance Fee payable for overnight redraws. $60 General consent fee payable for loan conversions from IO to P& I or P& I to IO. Excludes any statutory costs. For optimum package 1 general consent fee associated with a variation is waived per year. Fees: The $363 Standard Documentation fee will be waived for all lodgements. If other costs are incurred relating to the docu