How does Macquarie differ from the Big Four banks?

Macquarie is often seen as a "challenger" bank. While it offers full banking services, it is known for a strong focus on professional services (accountants, lawyers, real estate agents) and often provides specialised policy niches and faster digital-first service compared to some legacy banks.

Can I apply for a Macquarie business loan online?

Yes, Macquarie has a streamlined digital application process for many of its products. However, for complex commercial loans involving property security, you may also work with a dedicated business banking manager or a broker.

Does Macquarie lend to new businesses?

Macquarie typically prefers businesses with a trading history (often 2+ years). However, for specific professions (like medical or legal practitioners), they may have special policies that allow lending to newer practices based on the professional's qualifications.

What fees are associated with a Macquarie business loan?

Fees vary by product but typically include an establishment fee (for setting up the loan) and monthly account keeping fees. If you break a fixed-rate term early, substantial break costs may apply.