Macquarie Bank
★ 4.6 / 5
bank · Est. 1969 · HQ NSW · ABN 46 008 583 542
Macquarie has been the headline aggressive variable-rate competitor since 2022 and routinely undercuts the Big 4.
Pros & cons
Pros
- Among the lowest variable rates AU-wide
- Fast digital application
- Free offset on most products
Cons
- Stricter borrower criteria
- Limited owner-occupier branch support
Macquarie Bank home loan products
| Product | Type | Rate | Comp. rate | Features |
|---|---|---|---|---|
| Basic Home Loan | variable | 5.79% | 5.81% | offset, redraw, extra repay |
| Offset Home Loan | variable | 5.84% | 6.08% | offset, redraw, package, extra repay |
Indicative monthly repayment on a $500,000 loan over 30 years at Macquarie Bank's lowest rate (5.79% p.a.): $2,931/month. Run a full comparison on our repayment calculator.