Important disclosure
Basic Home Loan
Interest Rate
5.39%
p.a
Comparison Rate*
5.84%
p.a
RateCity says
“Keep things simple and, most importantly, affordable with this low-rate home loan from one of Australia's biggest banks.”
5.39%
p.a
5.84%
p.a
$3,038
based on $500,000 loan amount for 25 years at 5.39%
Calculate your repayments for this loan
Your estimated repayment
$3,038
based on $500,000 loan amount for 25 years at 5.39%
Pros and cons
For Basic Home Loan Fixed (Principal and Interest) (LVR < 70%) 5 Years
Benefits
- Interest rates ranked in the best 20%
- No ongoing fees
- Extra repayments and redraw facility
- Free redraw facility
- Split account option
Drawbacks
- 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
Macquarie Bank Fixed - 5 years Rate Home loan overview
For Basic Home Loan Fixed (Principal and Interest) (LVR < 70%) 5 Years
Details
Maximum LVR 70% | Total Repayments $949,061 |
Interest rate type Fixed - 5 years | 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 Yes - limited to $10000 | Redraw facility Redraw fee: $0 |
Offset account | Split interest facility |
Loan portability | Repayment holiday available |
Allow guarantors | Available for first home buyers |
Other benefits |
Fees
Total estimated upfront fees $350 | Application fee $0 |
Legal fee $350 | Valuation fee $0 |
Settlement fee $0 | Other upfront fee $0 |
Ongoing fee $0 | Discharge fee $400 |
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FAQs
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