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Home and Investment Loans

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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.

1 Year Basic Home Loan Introductory Rate

Competitive 1 Year Introductory Rate1

  • Available for new lending only
  • Unlimited extra repayments allowed
  • Free online redraw

 

 

Request a Home Loan Key Fact Sheet

Owner Occupied

5.74% pa
variable interest rate

6.74% pa2
comparison rate

Investment

5.94% pa
variable interest rate

6.94% pa2
comparison rate

apply

  Features
1 Year Basic Home Loan Introductory Rate - Owner Occupied
Key Features
Minimum Loan Amount$150,000 
Flexible RepaymentsWeekly, fortnightly, monthly
Variable and Lump Sum RepaymentsYes
Top-up Facility AvailableYes
Early Repayment Without PenaltyYes
Redraw FacilityFree online redraw, minimum amount $500, $50 fee if processed manually. 
Early repayment without penaltyYes
Maximum Loan Amount80% of property value, 95% of PV for Owner Occupier with mortgage insurance, 90% of PV for Investment with mortgage insurance
Loan PeriodUp to 30 years
Featured Interest Rate
Interest ChargesCalculated daily, charged monthly
Variable Interest Rate5.74% pa
Comparison Rate6.74% pa2
Fees
Establishment Fee$250 
Monthly Fee$0 
Annual Fee$0 
Legal FeesAt cost
Valuation FeesAt cost

 


 2 Year Basic Home Loan Introductory Rate

Competitive 2 Year Introductory Rate1

  • Available for new lending only
  • Unlimited extra repayments allowed
  • Free online redraw

 

 

Request a Home Loan Key Fact Sheet

Owner Occupied

6.05% pa
variable interest rate

6.70% pa2
comparison rate

Investment

6.25% pa
variable interest rate

6.90% pa2
comparison rate

apply

  Features
2 Year Basic Home Loan Introductory Rate - Owner Occupied
Key Features
Minimum Loan Amount$150,000 
Flexible RepaymentsWeekly, fortnightly, monthly
Variable and Lump Sum RepaymentsYes
Top-up Facility AvailableYes
Unlimited Extra Repayments AllowedYes
Early Repayment Without PenaltyYes
Redraw FacilityFree online redraw, minimum amount $500, $50 fee if processed manually. 
Maximum Loan Amount80% of property value, 95% of PV for Owner Occupier with mortgage insurance, 90% of PV for Investment with mortgage insurance
Loan PeriodUp to 30 years
Featured Interest Rate
Interest ChargesCalculated daily, charged monthly
Variable Interest Rate6.05% pa
Comparison Rate6.70% pa2
Fees
Establishment Fee$250 
Monthly Fee$0 
Annual Fee$0 
Legal FeesAt cost
Valuation FeesAt cost

 


Basic Home Loan SPECIAL

Available for New Lending Only

  • 100% Mortgage Offset
  • Unlimited Repayments
  • Redraw Facility

 

 

Request a Home Loan Key Fact Sheet

Owner Occupied

6.80% pa

variable interest rate

6.85% pa2

comparison rate

Investment

7.00% pa

variable interest rate

7.05% pa2

comparison rate

apply

  Features
Basic Home Loan SPECIAL - Owner Occupied
Key Features
Minimum Loan Amount$150,000 
Flexible RepaymentsWeekly, fortnightly, monthly
Top-up Facility AvailableYes
Early Repayment Without PenaltyYes
Redraw FacilityFree online redraw, minimum amount $500, $50 fee if processed manually. 
Offset FacilityYes 100% offset
Annual Fee on Visa 55 Credit Card Waived for relationships of $100,000 or more
Maximum Loan Amount80% of property value, 95% of PV for Owner Occupier with mortgage insurance, 90% of PV for Investment with mortgage insurance
Loan PeriodUp to 30 years
Featured Interest Rate
Interest ChargesCalculated daily, charged monthly
Variable Interest Rate6.80% pa
Comparison Rate6.85% pa2
Fees
Establishment Fee$250 
Monthly Fee$0 
Annual Fee$0 
Legal FeesAt cost
Valuation FeesAt cost
  Basic Home Loan SPECIAL Terms & Conditions  
  1. For new borrowers applying for an owner occupied or investment property loan with a minimum new loan size of $150,000 or more.
  2. 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.
  3. The offer is only available for owner occupied or investment properties with principal and interest repayments. Interest only repayments are excluded from this offer.
  4. 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.
  5. 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.
  6. 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.

 
 

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

7.50% pa
variable interest rate

7.88% pa2

comparison rate

Investment

From

7.69% pa
variable interest rate

8.06% pa2

comparison rate

apply

 

  Features
Power Home Loan Package - Owner Occupied
Key Features
Minimum Loan Amount$10,000 
Interest Rate Discounts on Personal and Car LoansYes 2% pa off standard personal and car loan rates4
Bonus Rate on Term DepositsYes 0.25%pa above standard term deposit rates 5
Flexible RepaymentsWeekly, fortnightly, monthly
Variable and Lump Sum RepaymentsYes
Top-up Facility AvailableMin $10,000
Unlimited Extra Repayments AllowedYes Unrestricted on variable rate loans
Early Repayment Without PenaltyYes Unrestricted on variable rate loans
Redraw FacilityFree online redraw, minimum amount $500, $20 fee if processed manually 
Offset FacilityYes 100% linking to one variable rate loan6
Split with Fixed and Variable RatesYes
Bridging FinanceYes 
Family Guarantee OptionOn application
Annual Fee on Visa 55 Credit Card Waived for Power Home Loan Customers7
Early repayment without penaltyYes
Maximum Loan Amount80% of property value, 95% of PV for Owner Occupier with mortgage insurance, 90% of PV for Investment with mortgage insurance
Loan PeriodUp to 30 years
Power Home Loan Discounts
Fixed Interest Rate DiscountYes 0.15% pa off standard fixed rate8
Discounted Interest Rates (Off Standard Variable Home Loan Rate)Yes9
PHL % Discount $10,000 - $150,0000.10% pa
PHL % Discount $150,001 - $250,0000.50% pa
PHL % Discount $250,001 - $400,0000.60% pa
PHL % Discount $400,001 and Above0.90% pa
Featured Interest Rate
Interest ChargesCalculated daily, charged monthly10
Tiered Interest Rates
$10,000 - $150,000 PHL Variable Rate8.30% pa9
$10,000 - $150,000 Comparison Rate8.67% pa11
$150,001 - $250,000 PHL Variable Rate7.90% pa9
$150,001 - $250,000 Comparison Rate8.27% pa11
$250,001 - $400,000 PHL Variable Rate7.80% pa9
$250,001 - $400,000 Comparison Rate8.17% pa11
$400,001 and Above PHL Variable Rate7.50% pa9
$400,001 and Above Comparison Rate7.88% pa11
Fees
Establishment Fee$0 
Monthly Fee$0 
Annual Fee$400 12
Legal FeesAt cost
Valuation FeesAt cost
Salary Credit RequiredYes13

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
 9.40% pa

variable interest rate

9.45% pa2

comparison rate


Investment

From
9.59% pa

variable interest rate

9.64% pa2

comparison rate

apply

  Features
Home Equity Loan - Owner Occupier
Key Features
Minimum Loan Amount$5,000 
Flexible RepaymentsWeekly, fortnightly, monthly
Variable and Lump Sum RepaymentsYes
Top-up Facility AvailableYes
Early Repayment Without PenaltyYes
Redraw FacilityFree online redraw, minimum amount $500, $20 fee if processed manually 
Annual Fee on Visa 55 Credit Card Waived for relationships of $100,000 or more
Maximum Loan Amount80% of property value
Loan PeriodUp to 30 years
Featured Interest Rate
Interest ChargesCalculated daily, charged monthly
Variable Interest Rate9.40% pa
Comparison Rate9.45% pa2
Fees
Establishment Fee$250 
Monthly Fee$0 
Annual Fee$0 
Legal FeesAt cost
Valuation FeesAt 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

8.40% pa
variable interest rate

8.45% pa2
comparison rate

apply

  Features
Standard Variable Home Loan
Key Features
Minimum Loan Amount$10,000 
Flexible RepaymentsWeekly, fortnightly or monthly
Variable and Lump Sum RepaymentsYes
Top-up Facility AvailableYes
Unlimited Extra Repayments AllowedYes
Early Repayment Without PenaltyYes
Redraw FacilityFree online redraw, minimum amount $500, $20 fee if processed manually 
Offset FacilityYes 100%
Split with Fixed and Variable RatesYes
Bridging FinanceYes 
Family Guarantee OptionOn application
Annual Fee on Visa 55 Credit Card Waived for relationships of $100,000 or more
Maximum Loan Amount80% of property value, 95% of PV for Owner Occupier with mortgage insurance, 90% of PV for Investment with mortgage insurance
Loan PeriodUp to 30 years
Featured Interest Rate
Interest ChargesCalculated daily, charged monthly
Variable Interest Rate8.40% pa
Comparison Rate8.45% pa2
Fees
Establishment Fee$250 
Monthly Fee$0 
Annual Fee$0 
Legal FeesAt cost
Valuation FeesAt cost

Standard Variable Rate 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

8.59% pa
variable interest rate

8.64% pa2
comparison rate

apply
  Features
Investment Home loan
Key Features
Minimum Loan Amount$10,000 
Flexible RepaymentsWeekly, fortnightly or monthly
Variable and Lump Sum RepaymentsYes
Top-up Facility AvailableYes
Unlimited Extra Repayments AllowedYes
Early Repayment Without PenaltyYes
Redraw FacilityFree online redraw, minimum amount $500, $20 fee if processed manually 
Offset FacilityYes 100% mortgage offset linking to one variable rate loan
Split with Fixed and Variable RatesYes
Bridging FinanceYes 
Family Guarantee OptionOn application
Annual Fee on Visa 55 Credit Card Waived for relationships of $100,000 or more
Maximum Loan Amount80% of property value, 95% of PV for Owner Occupier with mortgage insurance, 90% of PV for Investment with mortgage insurance
Loan PeriodUp to 30 years
Featured Interest Rate
Interest ChargesCalculated daily, charged monthly
Variable Interest Rate8.59% pa
Comparison Rate8.64% pa2
Fees
Establishment Fee$250 
Monthly Fee$0 
Annual Fee$0 
Legal FeesAt cost
Valuation FeesAt cost

Rates effective 15 December 2023

More Information

Apply

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Questions?

If you have any questions, please contact us Contact Us

1 a) For new borrowers applying for an owner occupied or investment property loan with a minimum new loan size of $150,000 or more. b) Also available for existing borrowers of owner occupied or investment property loans who apply for the Basic Home Loan Introductory Rate 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. c) The offer is only available for owner occupied or investment properties with principal and interest repayments. Interest only repayments are excluded from this offer. d) 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. e) 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. f) 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. g) 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.

2 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.

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 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.

5 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.

6 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.

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

8 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.

9 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.

10 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.

11 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

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.

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