Important disclosure
5.89%
p.a
Variable
6.14%
p.a
$3,188
based on $500,000 loan amount for 25 years at 5.89%
Calculate your repayments for this loan
Your estimated repayment
$3,188
based on $500,000 loan amount for 25 years at 5.89%
Pros and cons
For Offset Package Home Loan (Principal and Interest) (LVR 60%-70%)
Benefits
- Interest rates ranked in the best 20%
- 100% full offset account
- Extra repayments and redraw facility
- Free redraw facility
- Split account option
Drawbacks
- Ongoing fee
- Higher than average upfront fee
- Discharge fee at end of loan
- Maximum loan amount is limited to 70% of the property's value
Macquarie Bank Variable Rate Home loan overview
For Offset Package Home Loan (Principal and Interest) (LVR 60%-70%)
Details
Maximum LVR 70% | Total Repayments $956,391 |
Interest rate type Variable | |
Borrowing range
$150k
-
$10m
| Suitable for Owner Occupiers |
Loan term range 0 - 30 years | Repayment type Principal and Interest |
Applicable states ACT, NSW, NT, QLD, SA, TAS, VIC, WA | |
Target Market Determination Visit Macquarie Bank Limited to view Target Market Determination. |
Features
Extra repayments Unlimited extra repayments | Redraw facility Redraw fee: $0 |
Offset account 100% offset account | Split interest facility |
Loan portable | Repayment holiday available |
Allow guarantors | Available for first home buyers |
Other benefits Apply for a Macquarie credit card with your offset home loan and receive a waived annual fee. No international purchase fees when you shop overseas or online with your Debit MasterCard. |
Fees
Total estimated upfront fees $350 | Application fee $0 |
Legal fee $350 | Valuation fee At Cost |
Settlement fee $0 | Other upfront fee $0 |
Ongoing fee $248 annually | Discharge fee $400 |
How to apply
If you'd like to apply for this product or just get more information, follow the application process on Macquarie Bank.