Head-to-head
loans.com.au vs Macquarie Home Loan
Rates & conditions verified 21 June 2026
Rates can change without notice. Last verified: 21 June 2026 (AEST). Please confirm details on the bank’s official page.
A low-rate online lender against a full-feature digital bank — and both handle purchases and offer an offset. The decision comes down to rate, offset setup, and how much you value an established banking app.
loans.com.au Variable Home Loan (Bare)
Best for buyers and refinancers after a sharp online rate with an optional offset and no monthly fees
Condition: Purchases and refinances; optional offset sub-account
- Among the lower variable rates in our comparison
- Optional offset sub-account
- Lends for purchases as well as refinances
Macquarie Bank Basic Home Loan
Best for borrowers who want a full-feature digital bank with a strong app alongside their loan
Condition: Purchases and refinances; offset available on the Offset loan
- Offset account on the Offset loan
- Polished digital banking experience
- Sits alongside Macquarie's everyday and savings accounts
At a glance
| loans.com.au Variable Home Loan (Bare) | Macquarie Bank Basic Home Loan | |
|---|---|---|
| Lowest variable rate (p.a.) | 6.04% | 6.09% |
| Condition to earn it | Purchases and refinances; optional offset sub-account | Purchases and refinances; offset available on the Offset loan |
The verdict
Both lend for purchases and offer an offset, so this is about rate versus banking experience. loans.com.au typically prices a little sharper and skips monthly fees, making it strong for cost-focused borrowers. Macquarie's draw is the full digital bank around the loan — everyday accounts, savings and a well-regarded app under one login — which can be worth a touch more rate if you want everything in one place. Compare the lowest variable rates below, then weigh whether the all-in-one banking matters to you.
FAQs
Do both loans.com.au and Macquarie offer an offset account?
Yes — loans.com.au offers an optional offset sub-account, and Macquarie offers an offset on its Offset home loan. Adding offset can slightly change the rate on either, so compare the offset variant rates, not just the base rate.
Which is cheaper for a home loan?
loans.com.au usually prices among the lower online rates and charges no monthly fees, so it often edges Macquarie on cost. Macquarie counters with a full digital banking experience. The current variable rates are in the table above.
Related guides
Information verified 21 June 2026. Rates are variable and subject to change. Confirm current rates and conditions on each provider's website before applying. This is not financial advice.