Macquarie home loans can be split into separate loan accounts, each with its own offsets and redraw. Here is what Macquarie's website says about each feature, and what to check before you recycle.
Home › Debt Recycling With Macquarie
Often, yes. Macquarie does not sell a product called a debt recycling loan, and its website does not mention the strategy. It does offer the loan features the strategy relies on.
According to Macquarie's website (November 2026), you can divide your loan limit into multiple loan accounts, each with its own loan purpose, rate type and repayment type. If the strategy is new to you, start with how debt recycling works.
That separation matters for tax. The Australian Taxation Office (ATO) says only interest incurred for an income-producing purpose is deductible, and interest on borrowing used for both private and income-producing purposes must be apportioned.
Debt Recycling Loans is not affiliated with Macquarie. Macquarie is one of 40+ lenders on our panel. Lender policy changes, so we confirm Macquarie's current policy before any application.
Macquarie's comparison page sets out two home loans, the Basic Home Loan and the Offset Home Loan. According to Macquarie's website (November 2026), they compare like this on the features recycling uses.
| Feature | Basic Home Loan | Offset Home Loan |
|---|---|---|
| Split loan fee | $0 | $0 |
| Loan accounts | Up to six | Up to six at settlement, unlimited after |
| Offset accounts | Not offered | Up to 10 per variable loan account |
| Redraw | Variable rate accounts, $0 fee | Variable rate accounts, $0 fee |
| Ongoing fee | No ongoing fees | $248 annual fee |
Each investment tranche needs its own loan account, so the number of accounts you can hold shapes how you recycle over time. We map how the splits are structured before any money moves.
Macquarie's help centre says one offset account can't be linked to several loan accounts, but you can open separate offsets for each variable loan account. Offsets can't be linked to a fixed rate loan account.
That lets your savings sit against the non-deductible home loan account only, where they reduce interest you can't claim.
Macquarie's help centre says a loan account split won't automatically close when you pay its balance down to zero. A common method pays a split down with cash, then redraws the same amount from it to invest, so the split needs to stay open.
In our $350K share portfolio case study, a couple refinanced to Macquarie. Three months later they recycled a further $80,000 through Macquarie's online chat, with no new application.
Macquarie's product guide says there are no fees or approval required to redraw through Macquarie Online. Its help centre adds that the amount available may be reduced by your next scheduled repayment.
Paying redrawn funds straight from the investment loan account to the investment keeps the purpose of that borrowing clear.
Run through these points on your current Macquarie loan. Your loan documents or the Macquarie app answer most of them.
Macquarie's website says existing customers can split their current loan. If your loan is variable and on the right product, changing lender may not be needed.
Some changes are bigger. Macquarie decides whether a change can be made as a variation or needs an internal refinance, which closes your current facility and opens a new one. Its help centre says existing offsets are then converted to transaction accounts or closed, depending on the BSB, and can only be relinked after the new loan settles.
If you're with another lender and Macquarie's features suit your plan, moving is a new application with its own costs. Our page on refinancing for debt recycling covers what to weigh.
We compare 40+ lenders, including Macquarie, so staying put is weighed against moving. We start by reviewing how your loan accounts are set up and what each has been used for.
Then we map the splits, place the offsets on the home account and confirm Macquarie's current policy before anything is lodged. You can see what working with Alex involves before a first call.
We arrange the lending only. Your financial adviser recommends investments and your accountant advises on deductibility, and we work alongside both.
Macquarie's published features line up with what debt recycling needs: separate loan accounts with no split fee, offsets that link to one account each, free online redraw and splits that stay open at zero.
The details that decide your plan sit in your own loan, such as fixed accounts, your BSB and whether you need new borrowing. A review of your current structure shows whether staying with Macquarie works or a change is worth costing.
Tell us how your Macquarie loan is set up and we will show you how the recycling splits could be arranged.
Request a Call With Alex →Free, no-obligation call · We call back within 1 business day
Prefer to talk now? Call 0438 376 200
No product is sold under that name, and Macquarie's website does not mention debt recycling. The strategy runs on its standard home loans, using separate loan accounts and redraw.
Yes, according to Macquarie's help centre. Each offset links to one variable loan account, and you can open separate offsets for each variable account.
Macquarie's help centre says a loan account split won't automatically close at a zero balance. We confirm how this applies to your loan before any funds move.
Not necessarily. The Basic Home Loan also allows multiple loan accounts and free redraw on variable accounts, but it has no offsets. The Offset Home Loan adds offsets for a $248 annual fee, according to Macquarie's website (November 2026).
No. Macquarie says redraw isn't available during a fixed rate period, and extra payments made in that time become available when the fixed period ends.
Macquarie's product guide says redrawing through Macquarie Online needs no fee or approval. Borrowing more than your current limit is subject to a credit assessment.
What a debt recycling home loan needs: separate splits, usable redraw, the right repayment type and fair fees, and whether to vary or refinance.
Read more → GUIDEWhich lenders support debt recycling? Compare loan features, borrowing capacity, refinancing costs and why lenders decline, with worked lending scenarios.
Read more → CASE STUDYA couple used $465K of offset savings to clear their home loan to $60K, then released $390K as a deductible split for a $1.4m investment purchase.
Read more →
1. Arranged a loan when our small business situation made it difficult to qualify.
2. Met requirements to have funding available by a specified date.
3. Understood my needs to setup debt recycling to allow tax structuring.
4. Communicated well throughout.
I would use their services again.
Alex, Jess and the Kingfisher team were second to none and their process from start to finish was faultless. As a self-employed business owner, it can be difficult to obtain finance at the best of times. The Kingfisher team made this an easy and efficient proposition and their continued transparent and efficient communication ensured we were kept up to date at all times. Highly recommend them for your finance needs!
Alex and Jess dealt with our investment loan and provided a top tier service. They kept us up to date and communicated every step of the process making it a seamless and smooth experience! Awesome work team we will definitely be back for future loans!
Jess from Kingfisher was outstanding. I couldn't fault her communication, expertise or dedication to finding the best loan for our situation. The entire process was seamless from start to finish. We'll definitely be using Kingfisher again in the future. A top-tier organisation.
Next Step
Talk it through with Alex
Bring a rough picture of your home loan, income and savings. You will come away knowing whether the lending side looks workable.
Free, no-obligation call · We call back within 1 business day
Prefer to talk now? Call 0438 376 200
