The Finance Algorithm
Macquarie logoMacquarie

Macquarie Offset Home Loan

The Macquarie offset home loan package is designed to reduce your interest repayments, bucket your savings and access your savings without additional fees.

Home loansBank updated 5 Nov 2026
Apply at Macquarie Bank Limited ↗Product page ↗Fees and pricing ↗Terms ↗

At a glance

Variable (owner occ. P&I)
6.29%6.54% comparison
Variable (investor P&I)
6.39%
Fixed
1 yr 6.49%, 2 yrs 6.59%, 3 yrs 6.59%, 4 yrs 6.64%, 5 yrs 6.64%
Max LVR
95%
Annual fee
$248
Features
offset, redraw, extra repayments

How it compares

This home loan in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.

This home loan: 6.34%Every other institution's lowest, 103 in all

Owner occupier, principal & interest, 80% LVR. One dot per institution, at its lowest variable home loan rate anyone can apply for; hover or tap a dot for its name.

RateThis home loanBest anywhereTypical institutionWhere it sits
Variable home loanOwner occupier, principal & interest, 80% LVR6.34%5.93%SCCU's BROKER HOME LOAN6.38%of 104 institutions39th lowest of 104, level with 10 others
1-year fixed home loanOwner occupier, principal & interest, 80% LVR6.54%5.99%Northern Inland Credit Union Ltd.'s Value Home Loan - Fixed 12M6.59%of 82 institutions32nd lowest of 82, level with 3 others
2-year fixed home loanOwner occupier, principal & interest, 80% LVR6.64%6.09%BankVic's Fixed Rate Home Loan - 2 years6.62%of 84 institutions43rd lowest of 84, level with one other
3-year fixed home loanOwner occupier, principal & interest, 80% LVR6.64%6.24%Credit Union SA's 3-Year Fixed 40 Year Home Loan Package6.69%of 80 institutions33rd lowest of 80, level with 2 others
5-year fixed home loanOwner occupier, principal & interest, 80% LVR6.69%6.49%AMB Bank Product's 5 Year Fixed Rate Home Loan6.89%of 63 institutions12th lowest of 63, level with 5 others
Investor variable home loanInvestment, principal & interest, 80% LVR6.49%5.94%AAA Financial Corporation's Portfolio Loan6.59%of 104 institutions26th lowest of 104, level with 14 others

Rates

Every rate Macquarie publishes for this home loan, 65 in all.

Variable and fixed, at 80% LVR

Owner occupier, principal and interest, the lowest rate for each

  1. Variabletypical 6.38%6.34%
  2. 1 yr fixedtypical 6.59%6.54%
  3. 2 yrs fixedtypical 6.62%6.64%
  4. 3 yrs fixedtypical 6.69%6.64%
  5. 4 yrs fixed6.69%
  6. 5 yrs fixedtypical 6.89%6.69%
This home loanTypical lender's best

Variable rate by LVR

Owner occupier, principal and interest, the lowest rate published for each band of the loan's share of the property's value

  1. ≤60%6.29%
  2. 60–70%6.29%
  3. 70–80%6.34%
  4. 80–90%6.54%
  5. 90–95%7.34%
Variable rate for the band
TypeApplies toTermBandRateComparisonConditions
FixedInvestment, Interest only1 yr fixed≤70% LVR6.84%6.86%-
FixedInvestment, Interest only1 yr fixed70–80% LVR6.94%6.92%-
FixedInvestment, Interest only2 yrs fixed≤70% LVR6.94%6.91%-
FixedInvestment, Interest only2 yrs fixed70–80% LVR7.04%6.96%-
FixedInvestment, Interest only3 yrs fixed≤70% LVR6.94%6.94%-
FixedInvestment, Interest only3 yrs fixed70–80% LVR7.04%7.00%-
FixedInvestment, Interest only4 yrs fixed≤70% LVR6.99%6.98%-
FixedInvestment, Interest only4 yrs fixed70–80% LVR7.09%7.05%-
FixedInvestment, Interest only5 yrs fixed≤70% LVR6.99%7.01%-
FixedInvestment, Interest only5 yrs fixed70–80% LVR7.09%7.08%-
FixedInvestment, P&I1 yr fixed≤70% LVR6.64%6.71%-
FixedInvestment, P&I1 yr fixed70–80% LVR6.69%6.76%-
FixedInvestment, P&I1 yr fixed80–90% LVR7.34%7.59%-
FixedInvestment, P&I2 yrs fixed≤70% LVR6.74%6.75%-
FixedInvestment, P&I2 yrs fixed70–80% LVR6.79%6.80%-
FixedInvestment, P&I2 yrs fixed80–90% LVR7.39%7.60%-
FixedInvestment, P&I3 yrs fixed≤70% LVR6.74%6.77%-
FixedInvestment, P&I3 yrs fixed70–80% LVR6.79%6.82%-
FixedInvestment, P&I3 yrs fixed80–90% LVR7.35%7.59%-
FixedInvestment, P&I4 yrs fixed≤70% LVR6.79%6.81%-
FixedInvestment, P&I4 yrs fixed70–80% LVR6.84%6.86%-
FixedInvestment, P&I4 yrs fixed80–90% LVR7.55%7.67%-
FixedInvestment, P&I5 yrs fixed≤70% LVR6.79%6.84%-
FixedInvestment, P&I5 yrs fixed70–80% LVR6.84%6.89%-
FixedInvestment, P&I5 yrs fixed80–90% LVR7.55%7.68%-
FixedOwner occupied, Interest only1 yr fixed≤70% LVR6.84%6.86%-
FixedOwner occupied, Interest only1 yr fixed70–80% LVR6.94%6.92%-
FixedOwner occupied, Interest only2 yrs fixed≤70% LVR6.94%6.91%-
FixedOwner occupied, Interest only2 yrs fixed70–80% LVR7.04%6.96%-
FixedOwner occupied, Interest only3 yrs fixed≤70% LVR6.94%6.94%-
FixedOwner occupied, Interest only3 yrs fixed70–80% LVR7.04%7.00%-
FixedOwner occupied, Interest only4 yrs fixed≤70% LVR6.99%6.98%-
FixedOwner occupied, Interest only4 yrs fixed70–80% LVR7.09%7.05%-
FixedOwner occupied, Interest only5 yrs fixed≤70% LVR6.99%7.01%-
FixedOwner occupied, Interest only5 yrs fixed70–80% LVR7.09%7.08%-
FixedOwner occupied, P&I1 yr fixed≤70% LVR6.49%6.56%-
FixedOwner occupied, P&I1 yr fixed70–80% LVR6.54%6.61%-
FixedOwner occupied, P&I1 yr fixed80–95% LVR6.84%7.53%-
FixedOwner occupied, P&I2 yrs fixed≤70% LVR6.59%6.60%-
FixedOwner occupied, P&I2 yrs fixed70–80% LVR6.64%6.65%-
FixedOwner occupied, P&I2 yrs fixed80–95% LVR6.94%7.50%-
FixedOwner occupied, P&I3 yrs fixed≤70% LVR6.59%6.62%-
FixedOwner occupied, P&I3 yrs fixed70–80% LVR6.64%6.67%-
FixedOwner occupied, P&I3 yrs fixed80–95% LVR6.94%7.46%-
FixedOwner occupied, P&I4 yrs fixed≤70% LVR6.64%6.66%-
FixedOwner occupied, P&I4 yrs fixed70–80% LVR6.69%6.71%-
FixedOwner occupied, P&I4 yrs fixed80–95% LVR6.99%7.45%-
FixedOwner occupied, P&I5 yrs fixed≤70% LVR6.64%6.69%-
FixedOwner occupied, P&I5 yrs fixed70–80% LVR6.69%6.74%-
FixedOwner occupied, P&I5 yrs fixed80–95% LVR6.99%7.42%-
VariableInvestment, Interest only-≤60% LVR6.59%6.84%-
VariableInvestment, Interest only-60–70% LVR6.59%6.84%-
VariableInvestment, Interest only-70–80% LVR6.64%6.89%-
VariableInvestment, P&I-≤60% LVR6.39%6.64%-
VariableInvestment, P&I-60–70% LVR6.44%6.69%-
VariableInvestment, P&I-70–80% LVR6.49%6.74%-
VariableInvestment, P&I-80–90% LVR7.35%7.59%-
VariableOwner occupied, Interest only-≤60% LVR6.59%6.84%-
VariableOwner occupied, Interest only-60–70% LVR6.59%6.84%-
VariableOwner occupied, Interest only-70–80% LVR6.64%6.89%-
VariableOwner occupied, P&I-≤60% LVR6.29%6.54%-
VariableOwner occupied, P&I-60–70% LVR6.29%6.54%-
VariableOwner occupied, P&I-70–80% LVR6.34%6.59%-
VariableOwner occupied, P&I-80–90% LVR6.54%6.79%-
VariableOwner occupied, P&I-90–95% LVR7.34%7.58%-

Rate changes

71 changes logged, newest first.

DateRateWasNowChange
20 Oct 2026Variable, Investment, Interest only, ≤60% LVR6.60%6.59%down 0.01
20 Oct 2026Variable, Investment, Interest only, 60–70% LVR6.64%6.59%down 0.05
20 Oct 2026Variable, Investment, Interest only, 70–80% LVR6.74%6.64%down 0.10
20 Oct 2026Variable, Owner occupied, Interest only, ≤60% LVR6.60%6.59%down 0.01
20 Oct 2026Variable, Owner occupied, Interest only, 60–70% LVR6.64%6.59%down 0.05
20 Oct 2026Variable, Owner occupied, Interest only, 70–80% LVR6.74%6.64%down 0.10
15 Oct 2026Variable, Investment, Interest only, ≤60% LVR6.35%6.60%up 0.25
15 Oct 2026Variable, Investment, Interest only, 60–70% LVR6.39%6.64%up 0.25
15 Oct 2026Variable, Investment, Interest only, 70–80% LVR6.49%6.74%up 0.25
15 Oct 2026Variable, Investment, P&I, ≤60% LVR6.14%6.39%up 0.25
15 Oct 2026Variable, Investment, P&I, 60–70% LVR6.19%6.44%up 0.25
15 Oct 2026Variable, Investment, P&I, 70–80% LVR6.24%6.49%up 0.25
15 Oct 2026Variable, Investment, P&I, 80–90% LVR7.10%7.35%up 0.25
15 Oct 2026Variable, Owner occupied, Interest only, ≤60% LVR6.35%6.60%up 0.25
15 Oct 2026Variable, Owner occupied, Interest only, 60–70% LVR6.39%6.64%up 0.25
15 Oct 2026Variable, Owner occupied, Interest only, 70–80% LVR6.49%6.74%up 0.25
15 Oct 2026Variable, Owner occupied, P&I, ≤60% LVR6.04%6.29%up 0.25
15 Oct 2026Variable, Owner occupied, P&I, 60–70% LVR6.04%6.29%up 0.25
15 Oct 2026Variable, Owner occupied, P&I, 70–80% LVR6.09%6.34%up 0.25
15 Oct 2026Variable, Owner occupied, P&I, 80–90% LVR6.29%6.54%up 0.25
15 Oct 2026Variable, Owner occupied, P&I, 90–95% LVR7.09%7.34%up 0.25
24 Sept 2026Fixed, Investment, Interest only, 1 yr fixed, ≤70% LVR6.74%6.84%up 0.10
24 Sept 2026Fixed, Investment, Interest only, 1 yr fixed, 70–80% LVR6.84%6.94%up 0.10
24 Sept 2026Fixed, Investment, Interest only, 2 yrs fixed, ≤70% LVR6.74%6.94%up 0.20
24 Sept 2026Fixed, Investment, Interest only, 2 yrs fixed, 70–80% LVR6.84%7.04%up 0.20
24 Sept 2026Fixed, Investment, Interest only, 3 yrs fixed, ≤70% LVR6.74%6.94%up 0.20
24 Sept 2026Fixed, Investment, Interest only, 3 yrs fixed, 70–80% LVR6.84%7.04%up 0.20
24 Sept 2026Fixed, Investment, Interest only, 4 yrs fixed, ≤70% LVR6.79%6.99%up 0.20
24 Sept 2026Fixed, Investment, Interest only, 4 yrs fixed, 70–80% LVR6.89%7.09%up 0.20
24 Sept 2026Fixed, Investment, Interest only, 5 yrs fixed, ≤70% LVR6.79%6.99%up 0.20
24 Sept 2026Fixed, Investment, Interest only, 5 yrs fixed, 70–80% LVR6.89%7.09%up 0.20
24 Sept 2026Fixed, Investment, P&I, 1 yr fixed, ≤70% LVR6.54%6.64%up 0.10
24 Sept 2026Fixed, Investment, P&I, 1 yr fixed, 70–80% LVR6.59%6.69%up 0.10
24 Sept 2026Fixed, Investment, P&I, 1 yr fixed, 80–90% LVR7.24%7.34%up 0.10
24 Sept 2026Fixed, Investment, P&I, 2 yrs fixed, ≤70% LVR6.54%6.74%up 0.20
24 Sept 2026Fixed, Investment, P&I, 2 yrs fixed, 70–80% LVR6.59%6.79%up 0.20
24 Sept 2026Fixed, Investment, P&I, 2 yrs fixed, 80–90% LVR7.19%7.39%up 0.20
24 Sept 2026Fixed, Investment, P&I, 3 yrs fixed, ≤70% LVR6.54%6.74%up 0.20
24 Sept 2026Fixed, Investment, P&I, 3 yrs fixed, 70–80% LVR6.59%6.79%up 0.20
24 Sept 2026Fixed, Investment, P&I, 3 yrs fixed, 80–90% LVR7.15%7.35%up 0.20
24 Sept 2026Fixed, Investment, P&I, 4 yrs fixed, ≤70% LVR6.59%6.79%up 0.20
24 Sept 2026Fixed, Investment, P&I, 4 yrs fixed, 70–80% LVR6.64%6.84%up 0.20
24 Sept 2026Fixed, Investment, P&I, 4 yrs fixed, 80–90% LVR7.35%7.55%up 0.20
24 Sept 2026Fixed, Investment, P&I, 5 yrs fixed, ≤70% LVR6.59%6.79%up 0.20
24 Sept 2026Fixed, Investment, P&I, 5 yrs fixed, 70–80% LVR6.64%6.84%up 0.20
24 Sept 2026Fixed, Investment, P&I, 5 yrs fixed, 80–90% LVR7.35%7.55%up 0.20
24 Sept 2026Fixed, Owner occupied, Interest only, 1 yr fixed, ≤70% LVR6.74%6.84%up 0.10
24 Sept 2026Fixed, Owner occupied, Interest only, 1 yr fixed, 70–80% LVR6.84%6.94%up 0.10
24 Sept 2026Fixed, Owner occupied, Interest only, 2 yrs fixed, ≤70% LVR6.74%6.94%up 0.20
24 Sept 2026Fixed, Owner occupied, Interest only, 2 yrs fixed, 70–80% LVR6.84%7.04%up 0.20
24 Sept 2026Fixed, Owner occupied, Interest only, 3 yrs fixed, ≤70% LVR6.74%6.94%up 0.20
24 Sept 2026Fixed, Owner occupied, Interest only, 3 yrs fixed, 70–80% LVR6.84%7.04%up 0.20
24 Sept 2026Fixed, Owner occupied, Interest only, 4 yrs fixed, ≤70% LVR6.79%6.99%up 0.20
24 Sept 2026Fixed, Owner occupied, Interest only, 4 yrs fixed, 70–80% LVR6.89%7.09%up 0.20
24 Sept 2026Fixed, Owner occupied, Interest only, 5 yrs fixed, ≤70% LVR6.79%6.99%up 0.20
24 Sept 2026Fixed, Owner occupied, Interest only, 5 yrs fixed, 70–80% LVR6.89%7.09%up 0.20
24 Sept 2026Fixed, Owner occupied, P&I, 1 yr fixed, ≤70% LVR6.39%6.49%up 0.10
24 Sept 2026Fixed, Owner occupied, P&I, 1 yr fixed, 70–80% LVR6.44%6.54%up 0.10
24 Sept 2026Fixed, Owner occupied, P&I, 1 yr fixed, 80–95% LVR6.74%6.84%up 0.10
24 Sept 2026Fixed, Owner occupied, P&I, 2 yrs fixed, ≤70% LVR6.39%6.59%up 0.20
24 Sept 2026Fixed, Owner occupied, P&I, 2 yrs fixed, 70–80% LVR6.44%6.64%up 0.20
24 Sept 2026Fixed, Owner occupied, P&I, 2 yrs fixed, 80–95% LVR6.74%6.94%up 0.20
24 Sept 2026Fixed, Owner occupied, P&I, 3 yrs fixed, ≤70% LVR6.39%6.59%up 0.20
24 Sept 2026Fixed, Owner occupied, P&I, 3 yrs fixed, 70–80% LVR6.44%6.64%up 0.20
24 Sept 2026Fixed, Owner occupied, P&I, 3 yrs fixed, 80–95% LVR6.74%6.94%up 0.20
24 Sept 2026Fixed, Owner occupied, P&I, 4 yrs fixed, ≤70% LVR6.44%6.64%up 0.20
24 Sept 2026Fixed, Owner occupied, P&I, 4 yrs fixed, 70–80% LVR6.49%6.69%up 0.20
24 Sept 2026Fixed, Owner occupied, P&I, 4 yrs fixed, 80–95% LVR6.79%6.99%up 0.20
24 Sept 2026Fixed, Owner occupied, P&I, 5 yrs fixed, ≤70% LVR6.44%6.64%up 0.20
24 Sept 2026Fixed, Owner occupied, P&I, 5 yrs fixed, 70–80% LVR6.49%6.69%up 0.20
24 Sept 2026Fixed, Owner occupied, P&I, 5 yrs fixed, 80–95% LVR6.79%6.99%up 0.20

Each change is logged the night it appears in the rates Macquarie Bank Limited publishes. See how every lender answered the RBA on the rate tracker.

Fees

11 fees published, grouped by when they're charged.

  1. When you take it outUp to $3504 fees, each listed below
  2. While you hold itUp to $2482 fees, each listed below
  3. When you close it or pay it off$400Mortgage Discharge Fee

When you take it out4

  • Application Fee
    No fee
  • Documentation Fee

    Payable to the Lender in relation to preparing your loan documents and arranging settlement.

    $350
  • Low Deposit Fee

    Applicable for loans with an LVR >80%, where a once off amount is payable by the borrower, in connection with the low deposit being paid, and/or the low amount of equity the borrower has in the secur…

    Varies
  • Third party Settlement Fee

    Payable when the Lender incurs a fee from any third party, including our solicitors, as a result of any matter relating to the settlement of your loan.

    Varies

While you hold it2

  • Annual Package Fee

    $124 charged every 6 months in arrears based on loan Settlement Date. One package fee covers up to 5 loan applications that are submitted within 6 months, and where borrowers are common across each o…

    $248 a year
  • Monthly Fee
    No fee

When particular things happen1

  • Construction Administration Fee

    A one-off fee payable at settlement which covers valuation costs and progress payments during construction period.

    $1,500

When you close it or pay it off1

  • Mortgage Discharge Fee

    Payable if you request a full discharge of any Mortgage, in addition to any third party fees.

    $400

Other fees3

  • Break Cost

    Break costs may be payable on early repayment during fixed rate periods if any of the following three events occur: 1. The whole of a fixed rate Loan Account is repaid. 2. The borrower makes addition…

    Varies
  • Special Attendance Fee

    Payable if the borrower requests a special service (for example consenting to a dealing with the Mortgage Property), in addition to any third party fees.

    Varies
  • Third Party Fees

    Payable if the Lender incurs a fee from any third party, including our solicitors, as a result of any matter relating to the Loan Agreement or Security after the Settlement Date. This fee includes GS…

    Varies

Features

Offset accountRedrawExtra repaymentsGuarantor optionDigital banking
  • Have up to 6 loan accounts on settlement and unlimited after settlement. Each loan account can be set up with either principal and interest or interest only repayments for up to 5 years (subject to c…
  • Construction Loans. Borrowers can draw down their home loan in stages to fund their renovation or new home build.
  • Repayments can be made via Direct Debit or Salary Credit/Electronic Funds Transfer.
  • Maximum Loan term of up to 30 years.
  • Minimum increase amount $25,000.

Eligibility and limits

  • Minimum age 18
  • Residency: Permanent resident of Australia.
  • Amount $150,000 to $10,000,000
  • Maximum LVR 95%
  • Lending criteria, fees and T&Cs apply.

Published by Macquarie Bank Limited under the Consumer Data Right, last changed by them on 5 Nov 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.