✅ Low variable rates starting at 6.14% p.a.
✅Minimum Loan Amount: Starts around $150,000.
✅Maximum Loan Amount: Can go up to $5 million, depending on the applicant’s financial situation and property value
✅Flexible terms are available, typically ranging from 1 to 30 years.
✅ No annual fees on basic home loans.
✅ Offset accounts to reduce interest payments.
✅ Digital banking for easy management and access.
Why We Recommend Macquarie Bank Home Loan:
Macquarie Bank Home Loan provides a seamless blend of flexibility and affordability. With options for variable, fixed, or split loans, you can choose the structure that best suits your financial situation. The loan’s low rates and access to up to 10 offset accounts mean you can manage your debt efficiently while benefiting from reduced interest payments.
Additionally, Macquarie Bank’s award-winning digital app offers unparalleled convenience, making it easy to manage your loan, monitor your Credit Score, and keep track of your finances, whether you’re at home or on the go.
Writer’s Opinion:
The Macquarie Bank Home Loan offers two types: the Basic Home Loan with competitive rates and no annual fee, which includes fee-free redraws via online banking and up to six loan accounts; and the Offset Home Loan, which allows you to use your savings to reduce the interest you pay.
With a $500,000 loan from Macquarie Bank, assuming a fixed 4.0% annual interest rate over 30 years, the Basic Home Loan would result in monthly repayments of approximately $2,387 and total repayments of around $860,472. Conversely, with an Offset Home Loan and $50,000 in an offset account, the effective loan amount would be reduced to $450,000, leading to monthly repayments of about $2,146 and total repayments of approximately $773,529, saving you $86,943 in interest over the life of the loan.
Moreover, the integration with Online Banking and High Yield Savings Accounts enhances the overall value, providing an all-in-one solution for managing your debt and investments effectively.
Start Your Property Journey Today!
Ready to take the next step towards your dream home? Click the button below to start your application with Macquarie Bank Home Loan. Whether you need to calculate your repayments or seek expert advice, we’re here to help every step of the way.