{
  "_id": "review.macquarie-basic-home-loan",
  "author": {
    "credentials": "Editorial Team, Norg Reviews",
    "name": "Norg Editorial Team",
    "sameAs": null,
    "slug": {
      "_type": "slug",
      "current": "editorial-team-norg"
    }
  },
  "cons": [
    "Basic variant has no offset account — must upgrade to Offset for that"
  ],
  "counterEvidence": null,
  "detailedReviews": null,
  "disclosureNote": null,
  "entity": {
    "abn": "46008583542",
    "bankingDetails": {
      "afslLicence": "AFSL 237502",
      "baseRate": 6.14,
      "comparisonRate": 6.16,
      "features": [
        "Free offset sub-account (Basic does not include offset; Offset variant has it)",
        "Award-winning app",
        "60-day rate-lock during application"
      ],
      "maxLVR": 80,
      "monthlyFee": 0,
      "productType": "home-loan"
    },
    "foundedYear": 1969,
    "name": "Macquarie Basic Home Loan",
    "regulator": "AFSL 237502",
    "slug": {
      "_type": "slug",
      "current": "macquarie-basic-home-loan"
    },
    "vertical": "au-banks",
    "website": "https://www.macquarie.com.au/home-loans/basic-home-loan.html"
  },
  "facts": null,
  "featureRatings": null,
  "keyTakeaways": [
    {
      "body": "Macquarie's mortgage app shows redraw balance, repayment schedule and rate change history natively — features that Big Four apps either bury or omit.",
      "heading": "App experience leads the segment"
    },
    {
      "body": "Macquarie's end-to-end digital workflow consistently returns formal approval in 5–10 business days for clean PAYG borrowers. Big Four often takes 3–6 weeks.",
      "heading": "Approval speed is a structural advantage"
    },
    {
      "body": "Basic has the sharpest headline rate but no offset. Offset adds 10 bps and includes the offset account. Most owner-occupiers benefit from Offset within the first 18 months.",
      "heading": "Basic vs Offset variants"
    }
  ],
  "lastReviewedAt": "2026-05-14T04:48:34.276Z",
  "methodology": {
    "title": "AussieBanks Review — Home Loans Methodology",
    "version": "v1.0.0",
    "vertical": "au-banks"
  },
  "multiSourceRatings": null,
  "overallRating": 4.7,
  "pros": [
    "Sub-10-day approval times for clean refinance applications"
  ],
  "publishedAt": "2026-05-14T04:48:34.276Z",
  "rankingRationale": "Big-bank security with a near-non-bank price. The Macquarie app is materially better than the Big Four.",
  "ratingBreakdown": null,
  "slug": {
    "_type": "slug",
    "current": "macquarie-basic-home-loan"
  },
  "status": "published",
  "title": "Macquarie Basic Home Loan — home loan review"
}