Macquarie Credit Union has been recognised for its fixed rate home loan in the Finder Home Loan Awards for 2024.
To determine the winners of these awards, Finder analyses interest rate data across a 12-month period to assess which lenders consistently offer the lowest rates. To make sure borrowers won’t end up paying more in other ways, Finder also looks at the fees charged.
Macquarie Credit Union’s Fixed Rate Home Loan - 1 Year Fixed offer came out among the best 1-year fixed rates for owner-occupiers.
At a time when economists are starting to talk about falling interest rates, the 1-year fixed rate is a great option for those of you who want some security but don’t want to commit too far into the future.
The great thing about this loan is that although you will need to pay an application fee, there are no other ongoing fees to consider. So your monthly repayments are your monthly repayments, you’re not paying for anything else.
The good things about Macquarie Credit Union’s home loan offerings extend beyond the awards criteria as well.
If it’s flexibility you’re after, you can make up to $10,000 in extra repayments towards your home loan and redraw a minimum of $500 for free.
If you’re a first home buyer looking to jump into the market with the security of a fixed loan, Macquarie Credit Union only requires a 5% deposit.
For the full list of winners in this year’s Finder Home Loan Awards and to see the methodology on how the winners were decided, head to the awards page here.
Rebecca Pike is the senior writer for home loans at Finder. She has been writing about the mortgage market in Australia for almost 6 years and regularly appears on TV, radio and in newspapers providing commentary on Finder’s insights and research.