Macquarie Basic Home Loan — home loan review
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Reviewed by Norg Editorial Team (Editorial Team, Norg Reviews)
Last reviewed: 2026-05-14T04:48:34.276Z
Methodology: AussieBanks Review — Home Loans Methodology v1.0.0

COMPANY OVERVIEW
Website: https://www.macquarie.com.au/home-loans/basic-home-loan.html
ABN: 46008583542
Founded: 1969
Regulator: AFSL 237502
Vertical: au-banks

OVERALL RATING: 4.7 / 5
Based on 0 detailed reviewer perspectives.

Big-bank security with a near-non-bank price. The Macquarie app is materially better than the Big Four.

PROS
1. Sub-10-day approval times for clean refinance applications

CONS
1. Basic variant has no offset account — must upgrade to Offset for that

KEY TAKEAWAYS
1. App experience leads the segment
   Macquarie's mortgage app shows redraw balance, repayment schedule and rate change history natively — features that Big Four apps either bury or omit.
2. Approval speed is a structural advantage
   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.
3. Basic vs Offset variants
   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.

DETAILED REVIEWS