Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to be made on variables as selected and input by the user. All products will list the LVR with the product and rate which are clearly published on the Product Provider’s web site. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. *The Comparison rate is based on a $150,000 loan over 25 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rates correct as of .

Macquarie Bank, based in Sydney, has been operating in Australia since 1969, where it started as a three person office under the name Hill Samuel Australia and gained an Australian Banking license as Macquarie Bank Limited in 1985. Now the Macquarie Group is a major global financial institution with offices in over 28 countries including the United States, Hong Kong, Great Britain, and Germany.

Macquarie Bank has won numerous awards including Money Magazine’s 2014 Best of the Best award for Cheapest Home Loan Package.

The bank provides its customers with an extensive range of financial products and services such as home loans, insurance, funds management, investment banking and financial planning.

Macquarie Bank takes inspiration from the first official currency, the holey dollar. Created in a burst of fiscal ingenuity, Australian Governor Lachlan Macquarie solved a currency shortage by importing Spanish silver dollars and taking the core out of the middle, creating two differently sized coins both valued at 25% more than the original coin.

The Macquarie Group, as well as the bank itself, take the coin as symbol because it "embodies [the] pursuit of practical approaches with profitable outcomes" and "inspires [their] best efforts to deliver new ideas and products for [their] clients."

If you are interested in a mortgage with Macquarie Bank, you will need to be able to provide the following information:

  • You will need to be at least 18 years of age
  • Proof of Identification: Enough to pass the 100 point check, which can include your passport, birth certificate, etc. You will need at least one photographic ID and one other form of ID in most cases.
  • You will need to be able to provide evidence of your financial details when you apply, so make sure you hang on to your tax returns, pay slips, and other financial details.
  • A list of your income against your expenses, which will show the lender a more complete view of your current financial situation as far as incoming and outgoing cash flow is concerned.
  • A list of assets and debts - assets include things like existing properties and investments as well as savings, while debts are any open lines of credit or other loans, etc.
  • Details about the property you're planning to buy, such as the price of the property and how much you are looking to borrow.

It is important to note that Macquarie does not offer low documentation (or low doc) home loans, so mortgage seekers who may be self employed might want to look elsewhere.