Macquarie Bank key facts
- Macquarie Bank has some quite competitive interest rates, especially on its basic loans. Most of its loans have very minimal fees.
- The bank's basic home loans have lower rates, while the package loans have 100% offset accounts.
- You need at least a 10% deposit to qualify for some Macquarie Bank home loans, but many require a 20% deposit or even higher. Borrowers with small deposits need to research their options carefully to avoid applying for a rate they cannot get.
- Macquarie Bank also offers credit cards, savings accounts and other banking services.
Review by our senior home loans writer Richard Whitten
Hello
I would need a 10% deposit prior to selling my house. Is a deposit bond better or should I ask for an increase on my existing mortgage to exchange? I will also need to additional funds to purchase new house – should I apply for bridging finance and a new loan at same time? What lenders offer both bridging finance and anew loan at same time as selling existing house?
Thanks
Ian m
Hi Ian,
You might be better off speaking to a mortgage broker about a complicated borrowing situation like this. You should also check in with your current lender and see if your loan is portable (meaning it can move from one home to the next). Your current lender might be able to help.
Kind regards,
Richard
I am interested in your basic home loan and offset home loan package. Can you contact me and discuss it?
Hi Ping,
You can talk to a Macquarie Bank Home Loan Specialist by calling 13 62 27 to discuss the details. They are available Monday to Friday, from 08:00 AM to 06:00 PM AEDT.
Or you can send them a request for a call back at a more suitable time.
Regards,
Sarah