New changes to Macquarie’s portfolio loan

macquarie bank property asset class

16 June 2006
| By Sara Rich |

In a move Macquarie Bank is calling an Australian first, its portfolio loan customers can now draw unlimited funds from their loan facility online.

The flexible loan, Macquarie One, allows investors to unlock the equity in their property portfolio for a wide range of investment purposes, including all property types, direct equities and managed funds.

With the new enhancement, clients are now able to transfer $1 million online for example, into their real estate agent’s trust account if needed.

Clients can also access their money online anytime and make as many transactions as they want for a monthly flat fee.

Macquarie business banking division director Dean Firth said the bank was responding to an increasingly investment savvy public by handing over ownership.

“We developed Macquarie One to enable our clients to unlock the equity in their diversified property portfolios and quickly, and easily, pursue investment opportunities in whatever asset class they may want,” he said.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

GG

So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...

2 months 3 weeks ago
Denise Baker

This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...

2 months 3 weeks ago
gonski

So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...

2 months 3 weeks ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

1 week 3 days ago

The Reserve Bank of Australia's latest interest rate announcement has left punters disheartened on Melbourne Cup Day....

1 week 2 days ago

The Federal Court has given a verdict on ASIC’s case against Dixon Advisory director Paul Ryan which had alleged he breached his director duties....

1 week 1 day ago