Macquarie Bank review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Macquarie Bank lends for purchase, remortgage and buy to let and borrows up to a maximum loan to value of 90%, with a product fee of AUD 0. It suits buyers and remortgagers who want a large, long established bank behind the loan rather than the cheapest rate on the table.

Key facts

Best for
Borrowers who put a large established bank ahead of the lowest headline rate.
Initial rate
6.04% (Source, checked September 26, 2026)
APRC
6.29% (Source, checked September 26, 2026)
Maximum loan to value
90% (Source, checked September 26, 2026)
Product fee
A$0 (Source, checked September 26, 2026)
Purpose
Purchase, Remortgage, Buy-to-let (Source, checked September 26, 2026)
Legal entity
Macquarie Bank Limited (Source, checked September 26, 2026)
Headquarters
Australia (Source, checked September 26, 2026)
Founded
1969 (Source, checked September 26, 2026)
Official website
macquarie.com.au

Apps and profiles

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Pros and cons

Pros

  • The product fee is AUD 0, so the only real cost to weigh is the interest rate.
  • The maximum loan to value of 90% matches the site median of 90%, keeping your deposit requirement in line with a typical lender.
  • Lending covers purchase, remortgage and buy to let, so purchase, remortgage and buy-to-let borrowers are all in scope.

Cons

  • The initial rate of 6.04% sits above the site median of 4.35%, and the brand ranks 190 of 297 brands on that measure.
  • The APRC of 6.29% is well above the 4.54% median for remortgage lenders, with the brand at 100 of 145 compared brands.
  • A product fee of AUD 0 does not claw back the gap, because the cost sits in the rate you carry for the whole term.
Macquarie Bank

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Scored 9.0 / 10 by BorrowCue.

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Who it suits

  • Borrowers who want to deal with a long established bank rather than a broker or a new entrant, since Macquarie Bank lists AU as its home country and was founded in 1969.
  • People remortgaging who plan to stay in the property and can live with an APRC of 6.29%.
  • Buyers whose deposit fits the 90% maximum loan to value and who do not need a fee discount, given the product fee is AUD 0.

Who should look elsewhere

  • Rate first buyers should compare Prestalo, where the initial rate is 2.36% against 6.04% here.
  • Anyone chasing a cheaper headline rate should look at Creditilia ES, listed at 4%.

How your money is protected

Macquarie Bank lends as Macquarie Bank Limited, with AU as its home country and a founding year of 1969. The regulators listed for that market are the Australian Prudential Regulation Authority and the Australian Securities and Investments Commission. Borrowing covers purchase, remortgage and buy to let, and the product fee is AUD 0. What a protection scheme covers depends on the product, so read the terms for the account you are opening before you place money with the bank.

How Macquarie Bank compares

Where Macquarie Bank is available

Available
Australia
Licence in Australia
Australian Prudential Regulation Authority (APRA), checked September 26, 2026
Licence in Australia
Australian Securities and Investments Commission (ASIC), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What rate does Macquarie Bank offer on a new home loan?+

Macquarie Bank lists an initial rate of 6.04% with an APRC of 6.29%. For context, the site median initial rate is 4.35% and the median APRC across lenders is 4.9%. That puts this offer above the middle of the market on both measures, so plan for a higher monthly cost than a typical lender.

Does Macquarie Bank charge an upfront fee?+

The product fee is listed as AUD 0, so there is no separate upfront charge to add to your budget. The cost of borrowing shows up in the rate instead: 6.04% at the start and an APRC of 6.29% across the life of the loan. Ask the lender about valuation and other service fees before you apply.

How much deposit do I need to borrow from Macquarie Bank?+

The maximum loan to value is 90%, which matches the site median of 90%. On the deposit side that means you fund the rest of the property value yourself, and a lender with a higher maximum would let you borrow a larger share of it. Check the terms for the property you have in mind.

What can I use a Macquarie Bank loan for?+

The listed borrowing purposes are purchase, remortgage and buy to let. That covers buying a home, switching an existing mortgage and funding a rental property, so a remortgage and a buy-to-let application sit within the same range of products. A purchase loan is covered as well.

Who regulates Macquarie Bank in Australia?+

Macquarie Bank operates as Macquarie Bank Limited from AU, and the regulators listed for that country are the Australian Prudential Regulation Authority and the Australian Securities and Investments Commission. The rules those two oversee are the ones to read alongside your loan terms and any account you open with the bank.

How does Macquarie Bank rank against other lenders on cost?+

On the initial rate it sits at 190 of 297 compared brands, and on APRC at 100 of 145. For remortgaging, the median APRC across the ranking is 4.54%, well under the 6.29% shown here, so cheaper lenders are easy to spot.

How established is Macquarie Bank?+

Macquarie Bank was founded in 1969 and lists AU as its home country, with the lending entity given as Macquarie Bank Limited. A long trading history says little about the price you pay, so judge it on the 6.29% and the 90% maximum loan to value rather than the name.

Sources

  • en.wikipedia.org/wiki/Macquarie_Group checked September 26, 2026

    Backs: Founded, Headquarters, Legal entity, Licences

    “Macquarie was founded on 10 December 1969 as Hill Samuel Australia Limited (HSA)”

  • finder.com.au/home-loans/macquarie-bank checked September 26, 2026

    Backs: APRC, Initial rate, Maximum loan to value, Product fee, Purpose

    “Macquarie Bank Offset Home Loan Package ... Comparison Rate 6.29%”

Compiled from 2 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Fixed period.

Macquarie Bank

Macquarie Bank

Borrowers who put a large established bank ahead of the lowest headline rate.

9.0/10See alternatives

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