2-Year Fixed Home Loan from 5.55% p.a. (CR 6.05% p.a.) + 0.10% Broker Cashback @ Macquarie Bank

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2-Year Fixed Home Loan from 5.55% p.a. (CR 6.05% p.a.) + 0.10% Broker Cashback @ Macquarie Bank
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AssociatedRannar @ Rannar Financial Services on 20/01/2025 - 11:03 macquarie.com.au (196 clicks)
Last edited 20/01/2025 - 12:50 by 1 other user

🏠 Macquarie Bank 2-Year Fixed Home Loan from 5.55% p.a. (CPR 6.05% p.a.) + 0.10% Broker Cashback!

🔑 Owner-Occupied P&I (<70% LVR)

Fixed 2 Years: From 5.55% p.a. (CPR 6.05% p.a.)
+0.10% for <80% LVR
Variable: From 6.14% p.a. (CPR 6.16% p.a.)

🔑 Investor P&I (<70% LVR)

Fixed 2 Years: From 5.69% p.a. (CPR 6.21% p.a.)
+0.10% for <80% LVR
Variable: From 6.34% p.a. (CPR 6.36% p.a.)

💰 Perks You’ll Love:
✅ No annual fees for the life of the loan.
✅ Offset available on the variable portion (with package fee).
✅ Broker Cashback Bonus up to $2,500!

💡 Why Fix Your Rate Now?

Locking in a low fixed rate can save you money immediately. Why wait for rate cuts? Let’s do the math:

If you’re currently on a rate of 6.39% and fix at 5.55%, that’s a ~1% saving annually.
On a $500,000 loan, that’s $4,200 saved each year!
Add the Broker Cashback of $500, and your total savings in the first year alone = $4,700!
📅 Effective Date: 21/01/2025

📞 Contact Sach at Rannar Loans
📧 Email: [email protected]
📱 Phone: 0479 181 437
🌐 Website: www.rannar.com.au

Please email us at first instance and we will reply ASAP. Missed calls and OzB messages may get delayed. If you don't get email reply within 24-48hrs (some emails go into our spam), pls call us or text us

Sach from Rannar Loans is registered as Credit Representative Number 541742 under Australia’s Services Australian Credit License 384324.

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Comments

  • Deal Or-No Deal on 20/01/2025 - 11:24
    -1

    CPR = Cardiopulmonary Resuscitation?

    • mwahahaha on 20/01/2025 - 11:43
      +2

      Comparison Rate

    • FlyFire on 20/01/2025 - 12:33
      +3

      Nope. Its "Chicken Parmesan Roll".

      So its 6.05% Chicken Parmesan Roll per arse.

  • dvanc on 20/01/2025 - 11:30
    +6

    Assuming that there will be 3 interest rate cuts in 2025, and that those cuts will be .25%, a competitive variable rate could be as low as ~5.4% at some point this year. This also assumes that the banks pass these cuts on to the customer.

    • Stefce on 20/01/2025 - 11:38
      +12

      Gotta lock people in before the cuts boss ;)

    • NedStark102 on 20/01/2025 - 12:20
      +8

      I’m pretty confident there won’t be 3 - my guess is the February meeting will be a hold

      • sir_bazz on 20/01/2025 - 12:26

        What are the chances of rates being unchanged for the next 24 months?

        That's the assumption the OP has made.

        • NedStark102 on 20/01/2025 - 12:45
          +3

          Near-zero, but if they don’t change materially this year it would require a decent cutback on rates in 26 to offset potential savings in 25. Chances are you won’t be ‘beating’ the banks variable rate over the long term, but if someone is looking for the stability of a fixed rate this isn’t a bad option given the current variable rates.

          • jumpypotato53 on 20/01/2025 - 13:38

            @NedStark102: Is stability a good thing if the cash rate forecast is pointing down? See https://www.rba.gov.au/publications/smp/2024/nov/

            • NedStark102 on 20/01/2025 - 14:03

              @jumpypotato53: If someone is struggling with their repayments now, then maybe. Will depend hugely on peoples individual circumstances, and it's not like cash rate forecasts haven't been wrong before - just food for thought. I personally am sticking with variable + offset.

            • b2dz on 20/01/2025 - 14:07

              @jumpypotato53: I agree, although the forecast from the RBA hasn't exactly been reliable in recent times.

              But yeah I just refinanced on Tiimely at 5.95% (before they hiked it to 5.99 for new customers) and I am happy with that for now.

      • silverwalker on 20/01/2025 - 14:05

        They could either cut at Feb or cut before the election, i believe there must be one cut before the election. But yea, there is unlikely to be 3 cuts with the current inflation and high employment rate. Lets review Jan and Feb's figure to have a clearer pic.

      • guidedlight on 20/01/2025 - 17:02

        There is currently a 73% chance of a 0.25% rate drop to February.

        https://www.asx.com.au/markets/trade-our-derivatives-market/…

    • Mr Plow on 20/01/2025 - 15:47

      That's assuming that immigration doesn't drift upwards again to stoke inflation even more, and that the government reigns in spending a bit. Both are unlikely assumptions when considering previous performance. There's a reason that Albanese wants an election sooner rather than later…

  • djkelly69 on 20/01/2025 - 11:32

    +0.10% for <80% LVR

    Shouldn't this be for >80% LVR?

    Also not sure of the math on this claim:

    If you’re currently on a rate of 6.39% and fix at 5.55%, that’s a 1% saving annually.

    • DingoBlue on 20/01/2025 - 11:39

      1% is rounded or incorrect but the $4,200 is correct; in fact it's even more than that if you consider compounding (I assume banks calculate daily, or probably by the second these days).

      • GuyfromMelbourne on 20/01/2025 - 20:18

        That is assuming rates don’t move for year. Which is not mentioned as assumption.

  • navshaf on 20/01/2025 - 13:03
    +1

    Dont get your hopes up. No interest rate cut for 2 years

    • cocomelon on 20/01/2025 - 13:31

      Are you still living in 2022?

      • navshaf on 20/01/2025 - 15:38

        People were talking about interest rate drops in 2023 non stop. Its 2025 now

        • Trishool on 20/01/2025 - 15:51

          Those people weren't reading the news enough.

          • GuyfromMelbourne on 20/01/2025 - 18:32

            @Trishool: The truth is no one knows where the rates will go. Mr. Lowe tried predicting and that didn’t end well for him.

          • navshaf on 20/01/2025 - 21:37

            @Trishool: Governments love to tax people directly or indirectly until recession hits. Inflation is a tax. They are not going to stop until economy starts crashing down and mass lay offs happens. They want 2008 on sterioids

    • Hinee on 20/01/2025 - 14:13

      That's one of the hottest takes of the year and it's only January.

  • ingster on 20/01/2025 - 15:04

    whats the package fee for offset?

  • ThatDealsGuy on 20/01/2025 - 15:19
    +2

    Yes or no??
    https://ibb.co/2M07gZ8

  • yellowcoconuts on 20/01/2025 - 17:35

    For those considering a 2 year fixed rate.
    NPBS is offering 3k cashback on 2 Year Premium Plus Package Fixed Rate - Special~ 5.69%p.a. (CPR 7.69%p.a.). Check conditions for eligibility.
    2 months ago the fixed rate offer was 5.49%

    edit: The cash back may be worth more when considering the 0.14% rate difference

    • danielb on 20/01/2025 - 19:23

      Any ongoing fees attached vs Macquarie?

  • tnarg on 20/01/2025 - 19:05

    Did you know that 56% of all statistics are false?

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