The Mac Fixed Rate Loan


The Mac Fixed Rate Loan may suit borrowers who prefer the certainty of knowing exactly what their home loan repayments will be over a period of time.

A fixed rate may help first home buyers plan their finances, and have more control over their budget without worrying about rate fluctuations. The Mac Fixed Rate Loan allows customers to have flexibility through a split loan option.

Borrowers can nominate an amount that will be at the fixed rate and the remaining amount will be at the variable interest rate, so as to get the best of both options.

The Mac Fixed Rate Loan offers fixed terms of one, two and three years with the flexibility of repaying weekly, fortnightly or monthly depending on what suits your income.

The provision of a redraw facility on this loan for those who have chosen to pay more into it, adds confidence for customers that funds will be available if ever needed. The additional bonus of being able to pay those extra funds may compensate for the fact that The Mac Fixed Rate Loan does not offer a 100 per cent offset account.

Who is the The Mac Fixed Rate Loan good for?

If you are an investor, refinancer or a first home buyer, the Mac Fixed Rate Loan can offer a competitive rate home loan with added benefits. The loan is available to members of The Mac only.

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The Mac Fixed Rate Loan offers competitive interest rates on one, two and three year fixed rate terms. A split loan option is also available, giving borrowers the choice of combing a portion of their loan with a fixed rate and a portion on the variable rate. The loan has no ongoing fees and minimum setup costs, making this an attractive mortgage option for the right borrower.

The Mac Fixed Rate Loan offers some basic features, including the ability to make additional repayments without penalty, and a redraw facility to access those additional funds should the need arise.

On the downside, the loan does not have a mortgage offset account, which can be a popular feature. Also, with branches access limited to a small region of NSW, this loan may not be suited to all borrowers.

The Mac Fixed Rate Loan Options

For more information about the Mac Fixed Rate Loan options and terms, please click on the below links.

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  • Extra payments without penalty allowed.
  • Free redraw facility.
  • No annual or ongoing fees.
  • Must have a linked deposit account.
  • Smaller financial institution with limited branch access.
  • Minimal upfront and discharge fees apply.

Must have a linked deposit account.

Lender’s credit criteria applies.

Suitable For
  • First Home Buyers
  • Owner-Occupiers
  • Refinancers
  • Investors
  • Estimated upfront fees: $670.00
  • Discharge fees: $220
  • Ongoing fees: $0

Borrowers will pay upfront fees at the commencement of the Mac Fixed Rate Loan, which by market standards is moderate. No ongoing fees apply, however. The Mac applies a discharge fee when the loan is paid off.

  • Redraw facility
  • 100% offset account
  • Unlimited extra repayments
  • Weekly repayments
  • Fortnightly repayments
  • Monthly repayments
  • Loan allows split interest rate
About The Mac

The Mac is a registered tradename of the Macarthur Credit Union and is a member-owned institution.

The Mac offers a range of personal finance products aside from home loans, including savings accounts, credit cards and insurance. Contacting The Mac can be done by phone, email or in person at one of their branches in NSW. They also offer internet and telephone banking as a convenience for their customers.

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