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Macquarie Bank

Basic Home Loan

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announcement

RateCity Says: Owner occupiers with deposits of 30% or more can lock in a low fixed rate for three years, with no ongoing fees.

Awards

Winner of Best 3 Year Fixed Pi, RateCity Gold Awards 2021

Interest rate

3.09

% p.a

Fixed - 3 years

Comparison Rate*

2.41

% p.a

Maximum LVR
70%
Real Time Rating™

2.88

/ 5
Monthly Repayment

$1,437

based on $300,000 loan amount for 25 years at 3.09%

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Interest rate

3.09

% p.a

Fixed - 3 years

Comparison Rate*

2.41

% p.a

Maximum LVR
70%
Real Time Rating™

2.88

/ 5
Monthly Repayment

$1,437

based on $300,000 loan amount for 25 years at 3.09%

Go to site
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Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$1,437

based on $300,000 loan amount for 25 years at 3.09%

Quick home loan review

For Basic Home Loan Fixed (Principal and Interest) (LVR < 70%) 3 Years (Refinance)

These are the benefits of this home loan.

  • No ongoing fees
  • Extra repayments and redraw facility
  • Free redraw facility
  • Split account option
  • Features on 2021 RateCity Awards

These are the drawbacks of this home loan.

  • Limited extra repayments
  • No offset account
  • Loan reverts to higher rate after fixed period
  • Higher than average upfront fee
  • Discharge fee at end of loan
  • Maximum loan amount is limited to 70% of the property's value
  • No repayment holidays

Home loan overview

For Basic Home Loan Fixed (Principal and Interest) (LVR < 70%) 3 Years (Refinance)

TMD

Details

Maximum LVR

70%

Total Repayments

Next LVR

Interest rate type

Fixed - 3 years

Borrowing range

Suitable for

Owner Occupiers

Loan term range

0 - 30 years

Principal & interest

Interest only

Applicable states

ACT, NSW, NT, QLD, SA, TAS, VIC, WA

Make repayments

Monthly

Features

Extra repayments

Yes - limited to $10000

Redraw facility

Redraw fee: $0

Split interest facility

Loan portable

Repayment holiday available

Allow guarantors

Available for first home buyers

Fees

Total estimated upfront fees

363

Application fee

0

Valuation fee

At Cost

Settlement fee

0

Other upfront fee

0

Ongoing fee

$0

Discharge fee

400

Application method

Online

Phone

Broker

In branch

Target Market Determination

Visit Macquarie Bank to view Target Market Determination.

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