Finding the best rates…
Bank One
Best available
From 5.84% p.a.
Line-up
100 live products
Compare CommBank and Macquarie Bank home loans in April 2026. CommBank offers rates from 5.84% p.a. across 100 products, while Macquarie Bank starts at 5.59% p.a. with 130 products. Macquarie Bank currently has the lower rate by 0.25%.
100 live products
Best available rate
Standard Variable Rate Home Loan (Owner Occupied)
Highest ranked offer currently surfaced for this bank on the compare page.
Comparison
6.22%
Offset
Included
Redraw
Included
130 live products
Best available rate
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 Bank is lower on headline home loan rate by 0.25%, which is roughly $104 per month on a $500,000 loan.
Feature Comparison
Side-by-side view of the strongest offers surfaced above.
| Feature | CommBank | Macquarie Bank |
|---|---|---|
| Interest rate | 5.84% | 5.59% |
| Comparison rate | 6.22% | 5.61% |
| Offset account | Yes | No |
| Redraw | Yes | Yes |
Every tracked home loans option from CommBank.
Every tracked home loans option from Macquarie Bank.
CommBank's lowest variable rate is 5.84% p.a. (comparison rate 6.22%) while Macquarie Bank starts at 5.59% p.a. (comparison rate 5.61%). Macquarie Bank is 0.25% lower, which saves approximately $104/month on a $500,000 loan.
Key features: CommBank includes offset, CommBank includes redraw, Macquarie Bank includes redraw.
| Feature | CommBank | Macquarie Bank |
|---|---|---|
| Interest Rate | 5.84% | 5.59% |
| Comparison Rate | 6.22% | 5.61% |
| Offset Account | Yes | No |
| Redraw Facility | Yes | Yes |
Common Questions
Macquarie Bank currently offers the lower variable rate at 5.59% p.a. compared to 5.84% p.a. Always check the comparison rate for a true cost picture.
CommBank offers an offset account. Macquarie Bank does not include an offset account.
CommBank's lowest variable rate is 5.84% p.a. (comparison rate 6.22%) on the Standard Variable Rate Home Loan (Owner Occupied).
Macquarie Bank's lowest variable rate is 5.59% p.a. (comparison rate 5.61%) on the Macquarie Basic Home Loan (Variable).
Bank Two
Best available
From 5.59% p.a.
Line-up
130 live products
| Annual Fee | $33 | $0 |
Macquarie Bank currently offers a 0.25% lower home loan rate.
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