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Tier-2 bank

Macquarie Bank

The fifth-largest home lender on APRA’s figures and the largest outside the big four. Its home loans are the fee-free Basic Home Loan and the Offset Home Loan with up to 10 offset accounts, and it lends to businesses; it no longer takes new car loan applications.

SydneyFounded 1969Australian Credit Licence 237502

Macquarie at a glance

Macquarie Bank is a bank outside the big four. It offers home loans and business loans.

On APRA’s August 2026 figures, Macquarie Bank Limited held $187.9 billion of home loans on its Australian books: 7.5% of the housing lending by the deposit-taking institutions APRA reports, the 5th largest of the 64 with home loans.

We checked Macquarie's products and eligibility on its own website on 30 September 2026.

Lender type
Tier-2 bank
Bank or non-bank
Authorised deposit-taking institution (Macquarie Bank Limited)
Credit licence
ACL 237502, Macquarie Bank Limited
Lends
Home loans, Business loans
Headquarters
Sydney

Strengths

  • Basic Home Loan with no ongoing fees
  • Offset Home Loan with up to 10 offset accounts per variable loan account
  • Online pre-approval, often within one business day
  • Home loans also available through mortgage brokers

Watch out for

  • Offset Home Loan has a $248 annual fee
  • No longer offers car loans; much of the car loan book moved to Allied Credit
  • Online applications limited to one co-borrower; construction and land loans need a call

Macquarie loans and products

What Macquarie offers in each category, with the features, eligibility and trade-offs we note. Where we captured a current rate from Macquarie’s own page in the last 60 days, it is shown with its comparison rate and a link to the source; for the other products, follow the link to Macquarie’s rate card.

Macquarie home loans

Compare home loans lenders →
Variable

Offset Home Loan

Headline rate
6.04%
Comparison rate*
6.29%
From Macquarie's own page on 30 Sept 2026 · Offset Home Loan, owner-occupier P&I, LVR ≤60% (lowest tier); annual fee applies. Macquarie has announced a 0.25% p.a. increase to its variable rates effective 15 October 2026; this rate was captured before that date.. Source
  • Up to 10 offset accounts per variable rate loan account
  • $248 annual fee
  • Unlimited additional repayments and redraw on variable accounts
  • Interest only up to 5 years
Eligibility
  • New loans of $150,000 to $10,000,000 over 5 to 30 years
Current rate on Macquarie's rate card
Variable

Basic Home Loan

Headline rate
6.04%
Comparison rate*
6.29%
From Macquarie's own page on 30 Sept 2026 · Offset Home Loan, owner-occupier P&I, LVR ≤60% (lowest tier); annual fee applies. Macquarie has announced a 0.25% p.a. increase to its variable rates effective 15 October 2026; this rate was captured before that date.. Source
  • No ongoing fees; $350 documentation fee
  • Variable, fixed or split
  • Redraw on variable accounts
Eligibility
  • New loans of $150,000 to $10,000,000 over 5 to 30 years
Current rate on Macquarie's rate card
Fixed 2yr

Basic Home Loan (fixed rate)

Headline rate
6.59%
Comparison rate*
6.17%
From Macquarie's own page on 30 Sept 2026 · Basic Home Loan, 2-year fixed, owner-occupier P&I, LVR ≤70% (lowest tier); no ongoing fees. Comparison rate includes the revert rate after the fixed term.. Source
  • Fixed for one to five years within the loan facility
  • Additional repayments up to $10,000 a year
  • No offset on fixed loan accounts
Eligibility
  • New loans of $150,000 to $10,000,000 over 5 to 30 years
Current rate on Macquarie's rate card
Investor variable

Offset Home Loan (investment)

Headline rate
6.14%
Comparison rate*
6.39%
From Macquarie's own page on 30 Sept 2026 · Offset Home Loan, investment P&I, LVR ≤60% (lowest tier); annual fee applies. Macquarie has announced a 0.25% p.a. increase to its variable rates effective 15 October 2026; this rate was captured before that date.. Source
  • Investment purpose within the Offset Home Loan facility
  • Interest only up to 5 years
  • Published LVR tiers up to 90% for investment
Current rate on Macquarie's rate card

Macquarie business loans

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Unsecured term

Business fixed term loan and line of credit

  • Terms up to 5 years
  • Security can include goodwill, property, debtors and rent rolls
Eligibility
  • Property investors and businesses in Macquarie’s key industry segments
Current rate on Macquarie's rate card

*Comparison rates are calculated on the lender's own example: for home loans usually $150,000 over 25 years, for car and personal loans usually $30,000 over five years. 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.

What Macquarie Bank lends

Macquarie Bank offers two home loan products. The Basic Home Loan has no ongoing fees. The Offset Home Loan lets single or joint borrowers open up to 10 offset accounts per variable rate loan account, for a $248 annual fee. New loans range from $150,000 to $10,000,000 over terms of 5 to 30 years.

Both products are set up as a facility with a single borrowing limit, which can be secured by one or more properties and divided into multiple loan accounts. Each loan account can have its own purpose (owner occupied or investment) and rate type (variable or fixed), with fixed rates available for one to five years.

For businesses, Macquarie offers fixed term loans and lines of credit of up to 5 years, overdrafts with a minimum limit of $50,000, property-backed loans and bank guarantees. Macquarie no longer accepts new car loan applications.

Who Macquarie Bank lends to

Macquarie's home loans are for owner occupiers and property investors. Its online application is open to applicants who are 18 or over, Australian citizens or permanent or temporary residents, and Australian tax residents living in Australia. Applicants can have income from an employer (PAYG) or be self-employed, and can apply alone or with one co-borrower. Company and trust borrowers can open up to 4 offset accounts, which must be opened at application.

Macquarie recommends booking a call with its home loan experts, rather than applying online, for construction loans, land loans, retirees, applications with two or more co-borrowers and refinances of more than one property. Its published rate tiers go up to a 95% LVR for owner-occupier principal and interest loans and up to 90% for investment loans.

Macquarie's business lending is available to property investors and to businesses in its key industry segments, which include accounting and financial services, healthcare, legal, real estate, strata and technology. When setting up a lending relationship, Macquarie may look at the number of years of profitable trading, the directors and annual revenue.

How to apply with Macquarie Bank

Macquarie home loans can be applied for online, and Macquarie says an application takes 15 to 30 minutes. Online pre-approval can take as little as 15 minutes with no fee to apply, lasts 90 days and, in most cases, is provided within one business day if the application qualifies. Applicants who want help first can request a call, and Macquarie says it typically makes contact within one business day.

Macquarie home loans are also available through mortgage brokers, and Macquarie runs a broker portal for licensed and accredited brokers. Business lending starts with an online enquiry form, after which Macquarie connects the business with a banking specialist. Commercial brokers can also bring business clients to Macquarie.

Changes to Macquarie car loans

Macquarie no longer accepts new car loan applications. Significant portions of its car loan portfolio were transferred to Allied Credit on 31 October 2025 and 29 May 2026, and YourLease and the payout tool were withdrawn after the May 2026 transfer. Remaining eligible car loan customers can still view their loan details online, and customers who need help refinancing a balloon payment must do so with another lender.

Alternatives to Macquarie

Other lenders in our directory that offer home loans, business loans, starting with other tier-2 bank lenders.

See every lender of this kind in the directory

More on Macquarie

  • Macquarie review

    Who they suit, who should look elsewhere, and the verdict.

  • Macquarie home loans in detail

    Basic Home Loan, Offset variable, fixed 1 to 5 years. Macquarie's broker-led play, where the rate sits, and the file types it tends to win.

  • Macquarie personal loans in detail

    Macquarie no longer accepts new car loan applications, and much of its car loan book moved to Allied Credit in 2025 and 2026. What that means for existing customers, and where to compare instead.

  • Macquarie equipment finance in detail

    Macquarie bought Esanda's dealer book from ANZ in 2016 and built one of the largest asset finance operations in the country, distributed heavily through brokers with a reputation for fast, digital-first approvals. What it writes and who it suits.

  • Macquarie Bank vs ING Australia

    Two of the most competitive non-Big-4 home loan options in Australia. Rate positioning, offset, investor and SMSF capability, and which lender wins for which file.

Macquarie: frequently asked questions

Does Macquarie have an offset account?

Yes. The Macquarie Offset Home Loan lets single or joint borrowers open and link up to 10 offset accounts per variable rate loan account, for a $248 annual fee paid in two equal instalments every 6 months. Offset accounts cannot be linked to fixed rate loan accounts, and the offset feature is not available on the Basic Home Loan.

How much can I borrow with a Macquarie home loan?

New Macquarie home loans range from $150,000 to $10,000,000 over terms of 5 to 30 years. Interest-only repayments are available for up to 5 years, and Macquarie's published rate tiers go up to a 95% LVR for owner-occupier principal and interest loans. Macquarie also has an online borrowing power calculator.

Can I apply for a Macquarie home loan online?

Yes. Macquarie says its online application takes 15 to 30 minutes. It is open to applicants aged 18 or over who are Australian citizens or permanent or temporary residents living in Australia, with PAYG or self-employed income. Macquarie recommends booking a call instead for construction or land loans, retirees, two or more co-borrowers, or refinancing more than one property.

Does Macquarie still offer car loans?

No. Macquarie says it is no longer accepting new car loan applications, and significant portions of its car loan portfolio were transferred to Allied Credit on 31 October 2025 and 29 May 2026. Customers who need to refinance a balloon payment must do so with another lender.

What business loans does Macquarie offer?

Macquarie offers fixed term business loans and lines of credit of up to 5 years, overdrafts with a minimum limit of $50,000, property-backed loans and bank guarantees. Property-backed loans can run for up to 30 years against residential property and up to five years against commercial property. Security can include goodwill, real property, debtors, rent rolls, strata rolls and work in progress.

Is Macquarie a bank?

Yes. Macquarie’s loans are provided by Macquarie Bank Limited, which is on APRA’s register of authorised deposit-taking institutions (ADIs), the list of banks, building societies and credit unions licensed under the Banking Act 1959.

What is Macquarie’s credit licence number?

Macquarie Bank Limited holds Australian Credit Licence 237502. You can check a licence on ASIC’s Professional Registers before you apply.

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