Who can apply for the Macquarie Bank Home Loan?
To start a Macquarie Bank Home Loan application, the applicant must be aged 18 or over and meet one of the following criteria: Australian citizen, permanent resident or temporary resident who is an Australian tax resident. Verified income is also required – either as an employee (PAYG) or self-employed – along with an Australian mobile number. Applications can be made individually or with a co-borrower.
Get approved before you find your ideal property
If you haven’t found the right property yet, you can apply for pre-approval before making any offer. The process is completed online in around 15 minutes, at no cost and without a formal credit check. Pre-approval is valid for 90 days and Macquarie will notify you when it’s about to expire. After you submit, a home loan specialist will be in touch within 1 business day to guide you through the next steps.
Documents required:
✔️ Proof of identity (passport or driver’s licence)
✔️ Proof of income (payslips or tax returns)
✔️ Evidence of savings and existing liabilities
✔️ Property details and purchase contract (where applicable)
A word of advice
Before submitting your Macquarie Bank Home Loan application, take the time to assess which option best suits your financial profile. The Basic Home Loan is the most straightforward choice: no ongoing fees, free redraws and the ability to split your loan into multiple accounts at no extra cost. It’s ideal for those who want simplicity and full control over their monthly costs.
The Offset Home Loan charges a half-yearly service fee, but allows you to link up to 10 offset accounts to your variable rate loan account. The balances held in those accounts directly reduce the amount on which interest is calculated – which can add up to significant savings over the decades.
The choice between fixed and variable rates is another important consideration when completing your Macquarie Bank home loan application. Fixed terms, available from 1 to 5 years, offer predictable repayments and make it easier to manage your household budget. Variable rates, on the other hand, allow unlimited additional repayments without penalty and greater flexibility over time.
One important point: Macquarie won’t run a formal credit check until you submit your final application. This means you can research and compare your options without worrying about any impact on your credit score.
Use the home loan calculator on the Macquarie website to model different scenarios and see how offset accounts could reduce the total cost of your loan.
How do I start my Macquarie Bank Home Loan application?
Ready to kick off your Macquarie Bank Home Loan application? Click the button below to access the Macquarie Bank website and get started. Pre-approval is free, fast and won’t affect your credit score.
Utua is not a financial institution and does not grant loans. Our role is to analyse credit products available in the Australian market to help you make a more informed and confident decision. Any application is made directly with the financial institution of your choice.
