151 live products
AMP
Best available rate
5.63%p.a.
Amp First Home Loan (Variable)
Highest ranked offer currently surfaced for this bank on the compare page.
Comparison
5.63%
Offset
Included
Redraw
Included
Finding the best rates…
Home Loans Comparison
Bank One
AMP
Best available
From 5.63% p.a.
Line-up
151 live products
VS
AMP vs Macquarie
Compare AMP and Macquarie home loans in March 2026. AMP offers rates from 5.63% p.a. across 151 products, while Macquarie starts at 5.59% p.a. with 130 products. Macquarie currently has the lower rate by 0.04%.
VS
130 live products
Macquarie
Best available rate
5.59%p.a.
Macquarie Basic Home Loan (Variable)
Highest ranked offer currently surfaced for this bank on the compare page.
Comparison
5.61%
Offset
Not included
Redraw
Included
Live edge
Macquarie is lower on headline home loan rate by 0.04%, which is roughly $17 per month on a $500,000 loan.
0.04% gap
Feature Comparison
Side-by-side view of the strongest offers surfaced above.
| Feature | AMP | Macquarie |
|---|---|---|
| Interest rate | 5.63% | 5.59% |
| Comparison rate | 5.63% | 5.61% |
| Offset account | Yes | No |
| Redraw | Yes | Yes |
All AMP Products
Every tracked home loans option from AMP.
All Macquarie Products
Every tracked home loans option from Macquarie.
AMP's lowest variable rate is 5.63% p.a. (comparison rate 5.63%) while Macquarie starts at 5.59% p.a. (comparison rate 5.61%). Macquarie is 0.04% lower, which saves approximately $17/month on a $500,000 loan.
Key features: AMP includes offset, AMP includes redraw, Macquarie includes redraw.
Quick Comparison
| Feature | AMP | Macquarie |
|---|---|---|
| Interest Rate | 5.63% | 5.59% |
| Comparison Rate | 5.63% | 5.61% |
| Offset Account | Yes | No |
| Redraw Facility | Yes | Yes |
Common Questions
AMP vs Macquarie FAQs
Which bank has a lower home loan rate, AMP or Macquarie?
Macquarie currently offers the lower variable rate at 5.59% p.a. compared to 5.63% p.a. Always check the comparison rate for a true cost picture.
Do AMP and Macquarie home loans have offset accounts?
AMP offers an offset account. Macquarie does not include an offset account.
What is AMP's lowest home loan rate in 2026?
AMP's lowest variable rate is 5.63% p.a. (comparison rate 5.63%) on the Amp First Home Loan (Variable).
What is Macquarie's lowest home loan rate in 2026?
Macquarie's lowest variable rate is 5.59% p.a. (comparison rate 5.61%) on the Macquarie Basic Home Loan (Variable).