Home and Investment Loans

We have designed a variety of home loans to satisfy the needs of you, our Members. Whether you are buying your first home, refinancing or looking to buy an Investment property, we have something to suit you.

Basic Home Loan SPECIAL

Available for New Lending Only
100% Mortgage Offset
Redraw Facility

Request a Home Loan Key Fact Sheet

Owner Occupied

2.85% pa
variable interest rate

2.89% pa¹
comparison rate

Investment

3.05% pa
variable interest rate

3.09% pa¹
comparison rate

Features

Basic Home Loan SPECIAL - Owner Occupied
Key Features
Minimum Loan Amount	$150,000
Flexible Repayments	Weekly, fortnightly, monthly
Top-up Facility Available	Yes
Early Repayment Without Penalty	Yes
Redraw Facility	Free online redraw, minimum amount $500, $20 fee if processed manually.
Offset Facility	Yes 100% offset
Time Out Option	Yes
Annual Fee on Visa 55 Credit Card	Waived for relationships of $100,000 or more
Maximum Loan Amount	80% of property value, 95% of PV for Owner Occupier with mortgage insurance, 90% of PV for Investment with mortgage insurance
Loan Period	Up to 30 years
Fees
Establishment Fee	$250
Monthly Fee	$0
Annual Fee	$0
Legal Fees	At cost
Valuation Fees	At cost

Basic Home Loan SPECIAL Terms & Conditions

For new borrowers applying for an owner occupied or investment property loan with a minimum new loan size of $150,000 or more.
Also available for existing borrowers of owner occupied or investment property loans who apply for the Basic Home Loan Special and increase their loan with the Credit Union by $100,000 or more. Existing borrowers must have a minimum of $150,000 in existing facilities.
The offer is only available for owner occupied or investment properties with principal and interest repayments. Interest only repayments are excluded from this offer.
The offer does not apply to switching fixed rate owner occupied or investment property loans, either during the fixed rate period or when the fixed rate period ends and a variable rate applies.
This offer may be closed or varied in relation to new applications at any time at the Credit Union’s discretion. Applications submitted before the offer is closed or amended will still be eligible to receive the offer if all other eligibility criteria are met.
The offer will apply to approved owner occupied or investment property loans for a period of 3 months after approval is granted. Or a maximum of 3 months after the offer is closed, whichever comes first.

Offer may be withdrawn at any time. Available for new lending only. Not available on refinance of or an increase to the limit of existing Macquarie Credit Union facilities. Unless conditions in Clause b are satisfied.

Normal lending criteria, terms and conditions, fees and charges apply.

Discounted Variable Rate Home Loan

Get a head start with this low discounted rate for the first 2 years of your loan.

1% discount off the Standard Variable rate for first 2 years
Unlimited extra repayments allowed
Free online redraw

Request a Home Loan Key Fact Sheet

Owner Occupied

3.45% pa²
variable interest rate

4.31% pa¹
comparison rate

Investment

3.64% pa²
variable interest rate

4.50% pa¹
comparison rate

Features

Discounted Variable Rate - Owner Occupied
Key Features
Minimum Loan Amount	$150,000
Flexible Repayments	Weekly, fortnightly, monthly
Variable and Lump Sum Repayments	Yes
Top-up Facility Available	Yes
Unlimited Extra Repayments Allowed	Yes
Early Repayment Without Penalty	Yes
Redraw Facility	Free online redraw, minimum amount $500, $20 fee if processed manually.
Time Out Option	Yes
Family Guarantee Option	On application
Annual Fee on Visa 55 Credit Card	Waived for relationships of $100,000 or more
Maximum Loan Amount	80% of property value, 95% of PV for Owner Occupier with mortgage insurance, 90% of PV for Investment with mortgage insurance
Loan Period	Up to 30 years
Featured Interest Rate
Interest Charges	Calculated daily, charged monthly
Variable Interest Rate	3.45% pa²
Comparison Rate	4.31% pa¹
Fees
Establishment Fee	$250
Monthly Fee	$0
Annual Fee	$0
Legal Fees	At cost
Valuation Fees	At cost

Power Home Loan Package

The Power Home Loan Package enables you to bundle some of our great products together. Be rewarded today with one low annual fee and interest savings helping you own your home sooner.³

100% mortgage offset⁵
Interest rate discounts on personal and car loans⁶
Bonus rates on term deposits⁷
Flexibility to manage up to two loans for one annual fee¹²
Free online redraw

Request a Home Loan Key Fact Sheet

Owner Occupied

From
3.55% pa
variable interest rate

3.98% pa⁴
comparison rate

Investment

From
3.74% pa
variable interest rate

4.16% pa⁴
comparison rate

Features

Power Home Loan Package - Owner Occupied
Key Features
Minimum Loan Amount	$10,000
Interest Rate Discounts on Personal and Car Loans	Yes 2% pa off standard personal and car loan rates⁵
Bonus Rate on Term Deposits	Yes 0.25%pa above standard term deposit rates ⁶
Flexible Repayments	Weekly, fortnightly, monthly
Variable and Lump Sum Repayments	Yes
Top-up Facility Available	Min $10,000
Unlimited Extra Repayments Allowed	Yes Unrestricted on variable rate loans
Early Repayment Without Penalty	Yes Unrestricted on variable rate loans
Redraw Facility	Free online redraw, minimum amount $500, $20 fee if processed manually
Offset Facility	Yes 100% linking to one variable rate loan⁷
Time Out Option	Yes
Split with Fixed and Variable Rates	Yes
Bridging Finance	Yes
Family Guarantee Option	On application
Annual Fee on Visa 55 Credit Card	Waived for Power Home Loan Customers⁸
Early repayment without penalty	Yes
Maximum Loan Amount	80% of property value, 95% of PV for Owner Occupier with mortgage insurance, 90% of PV for Investment with mortgage insurance
Loan Period	Up to 30 years
Power Home Loan Discounts
Fixed Interest Rate Discount	Yes 0.15% pa off standard fixed rate⁹
Discounted Interest Rates (Off Standard Variable Home Loan Rate)	Yes¹⁰
PHL % Discount $10,000 - $150,000	0.10% pa
PHL % Discount $150,001 - $250,000	0.50% pa
PHL % Discount $250,001 - $400,000	0.60% pa
PHL % Discount $400,001 and Above	0.90% pa
Featured Interest Rate
Interest Charges	Calculated daily, charged monthly¹¹
Tiered Interest Rates
$10,000 - $150,000 PHL Variable Rate	4.35% pa¹⁰
$10,000 - $150,000 Comparison Rate	4.76% pa⁴
$150,001 - $250,000 PHL Variable Rate	3.95% pa¹⁰
$150,001 - $250,000 Comparison Rate	4.37% pa⁴
$250,001 - $400,000 PHL Variable Rate	3.85% pa¹⁰
$250,001 - $400,000 Comparison Rate	4.27% pa⁴
$400,001 and Above PHL Variable Rate	3.55% pa¹⁰
$400,001 and Above Comparison Rate	3.98% pa⁴
Fees
Establishment Fee	$0
Monthly Fee	$0
Annual Fee	$400 ¹²
Legal Fees	At cost
Valuation Fees	At cost
Salary Credit Required	Yes¹³

SPECIAL Low Rate Home Loan

A great home loan if you are looking for a low rate for the life of your loan.

No valuation fee
100% mortgage offset
Free online redraw

Request a Home Loan Key Fact Sheet

Owner Occupied only

From
3.91% pa

variable interest rate

4.06% pa¹

comparison rate

Features

Special Low Rate Home Loan - Owner Occupied
Key Features
Minimum Loan Amount	$150,000
Flexible Repayments	Weekly, fortnightly, monthly
Variable and Lump Sum Repayments	Yes
Top-up Facility Available	Yes
Unlimited Extra Repayments Allowed	Yes
Early Repayment Without Penalty	Yes
Redraw Facility	Free online redraw, minimum amount $500, $20 fee if processed manually
Offset Facility	100% mortgage offset linking to one variable rate home loan
Time Out Option	Yes
Split with Fixed and Variable Rates	Yes
Family Guarantee Option	Yes
Annual Fee on Visa 55 Credit Card	Waived for relationships of $100,000 or more
Maximum Loan Amount	80% of property value, 95% of PV for Owner Occupier with mortgage insurance, 90% of PV for Investment with mortgage insurance
Loan Period	Up to 30 years
Featured Interest Rate
Interest Charges	Calculated daily, charged monthly
Variable Interest Rate	3.91% pa
Comparison Rate	4.06% pa¹
Fees
Establishment Fee	$250
Monthly Fee	$10
Annual Fee	$
Legal Fees	At cost
Valuation Fees	Nil one free residential valuation per loan application
Mortgage Prep Fee	Nil

Home Equity Loan

Our Home Equity Loan allows you to borrow against the portion of your home that you own. This is the difference between the amount you owe on your home loan and the value of the property. You can use the funds for whatever you like. Take advantage of other investment opportunities, take that dream holiday, or use it to make improvements to your home.

Access the equity in your home
Free online redraw
Flexible repayment options
No penalty for early payout

Request a Home Loan Key Fact Sheet

Owner Occupied

From
5.45% pa

variable interest rate

5.49% pa¹

comparison rate

Investment

From
5.64% pa

variable interest rate

5.68% pa¹

comparison rate

Features

Home Equity Loan - Owner Occupier
Key Features
Minimum Loan Amount	$5,000
Flexible Repayments	Weekly, fortnightly, monthly
Variable and Lump Sum Repayments	Yes
Top-up Facility Available	Yes
Early Repayment Without Penalty	Yes
Redraw Facility	Free online redraw, minimum amount $500, $20 fee if processed manually
Time Out Option	Yes
Annual Fee on Visa 55 Credit Card	Waived for relationships of $100,000 or more
Maximum Loan Amount	80% of property value
Loan Period	Up to 30 years
Featured Interest Rate
Interest Charges	Calculated daily, charged monthly
Variable Interest Rate	5.45% pa
Comparison Rate	5.49% pa¹
Fees
Establishment Fee	$250
Monthly Fee	$0
Annual Fee	$0
Legal Fees	At cost
Valuation Fees	At cost

Standard Variable Home Loan

Our most popular home loan – everything you need and a low rate.

Options to split with variable and fixed rates
Unlimited extra repayments allowed
Free online redraw
And much more

Request a Home Loan Key Fact Sheet

4.45% pa
variable interest rate

4.49% pa¹
comparison rate

Features

Standard Variable Home Loan
Key Features
Minimum Loan Amount	$10,000
Flexible Repayments	Weekly, fortnightly or monthly
Variable and Lump Sum Repayments	Yes
Top-up Facility Available	Yes
Unlimited Extra Repayments Allowed	Yes
Early Repayment Without Penalty	Yes
Redraw Facility	Free online redraw, minimum amount $500, $20 fee if processed manually
Offset Facility	Yes 100%
Time Out Option	Yes
Split with Fixed and Variable Rates	Yes
Bridging Finance	Yes
Family Guarantee Option	On application
Annual Fee on Visa 55 Credit Card	Waived for relationships of $100,000 or more
Maximum Loan Amount	80% of property value, 95% of PV for Owner Occupier with mortgage insurance, 90% of PV for Investment with mortgage insurance
Loan Period	Up to 30 years
Featured Interest Rate
Interest Charges	Calculated daily, charged monthly
Variable Interest Rate	4.45% pa
Comparison Rate	4.49% pa¹
Fees
Establishment Fee	$250
Monthly Fee	$0
Annual Fee	$0
Legal Fees	At cost
Valuation Fees	At cost

First Home Buyer’s Home Loan

A loan specifically designed for those eligible for the First Home Owner’s Grant.

Discounted variable rate for the first 3 years, then reverts to Standard Variable Rate
Family guarantee option
100% mortgage offset
We lodge the grant application for you and pay up to $600 of your valuation and legal costs.

Request a Home Loan Key Fact Sheet

3.95% pa
variable interest rate

4.36% pa¹

comparison rate

Features

First Home Buyer Home Loan
Key Features
Minimum Loan Amount	$10,000
Flexible Repayments	Weekly, fortnightly or monthly
Variable and Lump Sum Repayments	Yes
Top-up Facility Available	Yes
Unlimited Extra Repayments Allowed	Yes
Early Repayment Without Penalty	Yes
Redraw Facility	Free online redraw, minimum amount $500, $20 fee if processed manually
Offset Facility	Yes 100% linking to one variable rate loan
Time Out Option	Yes
Split with Fixed and Variable Rates	No
Bridging Finance	No
Family Guarantee Option	Yes
Annual Fee on Visa 55 Credit Card	Waived for relationships of $100,000 or more
Maximum Loan Amount	80% of property value, 95% of PV for Owner Occupier with mortgage insurance
Loan Period	Up to 30 years
Featured Interest Rate
Interest Charges	Calculated daily, charged monthly
Variable Interest Rate	3.95% pa
Comparison Rate	4.36% pa¹
Fees
Establishment Fee	$250
Monthly Fee	$0
Annual Fee	$0
Legal Fees	At cost minus FHB discount
Valuation Fees	At cost minus FHB discount

Basic Home Loan

A great home loan if you are looking for a low rate for the life of your home loan.

Discounted rate
No monthly account keeping fees

Request a Home Loan Key Fact Sheet

Owners Occupied

4.20% pa
variable interest rate

4.24% pa¹
comparison rate

Investment

4.39% pa
variable interest rate

4.43% pa¹
comparison rate

Features

Basic Home Loan - Owner Occupied
Key Features
Minimum Loan Amount	$150,000
Flexible Repayments	Weekly, fortnightly or monthly allowed up to $5,000 per year
Top-up Facility Available	Yes
Early Repayment Without Penalty	Yes
Redraw Facility	Yes, minimum amount $500, manual process $50 fee
Time Out Option	Yes
Split with Fixed and Variable Rates	Yes
Family Guarantee Option	Yes
Annual Fee on Visa 55 Credit Card	Waived for relationships of $100,000 or more
Maximum Loan Amount	80% of property value, 95% of PV for Owner Occupier with mortgage insurance, 90% of PV for Investment with mortgage insurance
Loan Period	Up to 30 years
Featured Interest Rate
Interest Charges	Calculated daily, charged monthly
Variable Interest Rate	4.20% pa
Comparison Rate	4.24% pa¹
Fees
Establishment Fee	$250
Monthly Fee	$0
Annual Fee	$0
Legal Fees	At cost
Valuation Fees	At cost

Investment Home Loan

Looking for an investment property? Save on your investment with us.

100% mortgage offset
Options to split with variable and fixed rates
Optional VISA Credit Card with no annual fee, reliant on relationship with Credit Union of over $100,000.

Request a Home Loan Key Fact Sheet

4.64% pa
variable interest rate

4.68% pa¹
comparison rate

Features

Investment Home loan
Key Features
Minimum Loan Amount	$10,000
Flexible Repayments	Weekly, fortnightly or monthly
Variable and Lump Sum Repayments	Yes
Top-up Facility Available	Yes
Unlimited Extra Repayments Allowed	Yes
Early Repayment Without Penalty	Yes
Redraw Facility	Free online redraw, minimum amount $500, $20 fee if processed manually
Offset Facility	Yes 100% mortgage offset linking to one variable rate loan
Time Out Option	Yes
Split with Fixed and Variable Rates	Yes
Bridging Finance	Yes
Family Guarantee Option	On application
Annual Fee on Visa 55 Credit Card	Waived for relationships of $100,000 or more
Maximum Loan Amount	80% of property value, 95% of PV for Owner Occupier with mortgage insurance, 90% of PV for Investment with mortgage insurance
Loan Period	Up to 30 years
Featured Interest Rate
Interest Charges	Calculated daily, charged monthly
Variable Interest Rate	4.64% pa
Comparison Rate	4.68% pa¹
Fees
Establishment Fee	$250
Monthly Fee	$0
Annual Fee	$0
Legal Fees	At cost
Valuation Fees	At cost

More Information

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Questions?

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¹ Comparison rate calculated on a loan amount of $150,000 over a term of 25 years with monthly repayments. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Lending criteria, terms and conditions, fees and charges apply.

² Rate reverts to our Standard Variable Rate after the discounted period.

³ To be eligible you must have a package borrowing of at least $10,000, pay an annual fee of $400, and have your salary paid into a Macquarie Credit Union account

⁴ Comparison rate is calculated on a loan of $150,000 over a term of 25 years with monthly repayments. Warning: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Normal lending criteria terms and conditions, fees and charges apply

⁵ Personal Loans. Macquarie Credit Union’s Power Home Loan Package borrowers are entitled to a 2.00% pa reduction on a new Unsecured Personal Loan or our Car Loan up to 10 years Old. This discount does not apply to other loan products or existing Macquarie Credit Union personal loans and car loans. This offer is not available in conjunction with any other Macquarie Credit Union offer or promotional discount.

⁶ Term Deposits. Macquarie Credit Union Power Home Loan Package borrowers are entitled to 0.25% pa above Macquarie Credit Union standard term deposit interest rates. This does not apply to Macquarie Credit Union special interest rates or online only interest rates.

⁷ The 100% mortgage offset account must be in the same name(s) as the loan it is being offset against. Not available for fixed rate loans. Available for one standard variable rate loan only.

⁸ Credit Cards. Macquarie Credit Union Power Home Loan Package borrowers are entitled to have the annual fee waived on the Visa 55 Credit Card.

⁹ Fixed Interest Rate Discounts. Macquarie Credit Union Power Home Loan Package borrowers are entitled to a 0.15% pa discount on new fixed interest rate home loans. This offer is not available in conjunction with any other Macquarie Credit Union offer or promotional discount.

¹⁰ The qualifying interest rate tier will apply for the life of the loan, no matter what the loan balance is, provided that all of the loan’s criteria are met and maintained.

¹¹ Total package borrowing is the total of the balances on your home loan accounts under the Macquarie Credit Union Power Home Loan Package. Interest rates for variable rate home loans under the Power Home Loan Package are based on total package borrowing at the time the loan is taken out.

¹² Package Fee. An annual package fee of $400 is payable in advance and is non-refundable. The fee is debited to the loan balance on funding, and then annually on the anniversary date of funding. Package benefits cease to apply once the loan is repaid in full. If you have more than one loan in the package and close the loan where your package fee is deducted, we will choose another loan within the package to debit the package fee. The package fee can be applied to a maximum of two Macquarie Credit Union Power Home Loans. Loans in excess of two will incur an additional package fee. (In multiples of two).

¹³ At least one of the borrowers is required to set-up and maintain a salary credit on a regular basis into a Macquarie Credit Union account. It is at the discretion of Macquarie Credit Union as to whether this requirement is suspended under certain circumstances such as unemployment.