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Macquarie vs Westpac Home Loan: Rates, Fees & Features Compared
Rates, fees and features from each lender's officially published data
Macquarie and Westpac take quite different approaches to their home loan ranges. Westpac has 11 products on CDR compared with Macquarie's 3, and its lowest owner-occupied variable rate is 3.25% while Macquarie's is 6
| Headline rates | Macquarie | Westpac |
|---|---|---|
| Lowest owner-occupied variable rate | 6.04% | 3.25% |
| Comparison rate (that rate) | 6.06% | — |
| Home loan products published | 3 | 11 |
| Minimum loan amount | $150,000 | $4,000 |
| Distinct fee names published | 14 | 22 |
| Features across their range | Macquarie | Westpac |
|---|---|---|
| Offset account | 1 product | 2 products |
| Redraw facility | 3 products | 8 products |
| Extra repayments | 3 products | 11 products |
| Digital banking | 3 products | 4 products |
| Guarantor option | 3 products | 9 products |
Feature counts reflect products that officially publish each feature via the Consumer Data Right. A published lowest rate may apply only to specific products, LVR bands or eligibility groups — always confirm the rate and conditions with the lender. This page is general information only, not financial advice.
Data as at 27 Sep 2026 · from lenders' official CDR product data