The Mac Home Loans Solution Package


The Mac Home Loan Solutions Package has a minimum loan amount of $50,000 with a maximum loan term of 30 years. Customers can borrow up to 95 per cent of the value of the property, although lenders mortgage insurance will be required on loans over 80 per cent. The loan offers a discount on the Mac standard variable interest rate, which varies depending on the size of the loan amount.

Free additional repayments are permitted and borrowers can use a free online redraw facility to access these payments. There is also a 100 per cent offset account for customers wanting to use their savings to reduce the amount of interest owed on the loan.

Borrowers also have access to a Mac personal banker and are not charged transaction fees on the savings account.

Who is the The Mac Home Loan Solutions Package good for?

The Mac Home Loan Solutions Package is good for homebuyers looking for the flexibility of a competitive variable interest rate and happy to pay an annual fee. An interest-only option may attract some investors and the additional transaction account may suit those looking to combine all their financial activity.

Review - What RateCity says

The Mac Home Loan Solutions Package is a premium variable rate loan that gives homebuyers a number of payment features and a rate discount in exchange for an annual fee. The loan has the option for additional repayments, a redraw facility and 100 per cent offset account, which may suit those looking to take advantage and pay off their loan with more flexibility or in a timelier fashion.

Customers are also given access to a personal banker, which may be a valuable benefit for those wanting a more hands-on and supportive approach to the loan. The sizable annual fee also provides customers with a discounted interest rate for loan amounts over $250,000, with a bigger discount given to those over $500,000. This may suit those with larger loans who plan to repay the mortgage quickly as otherwise the annual fee may counteract any savings made from the discounted interest rate.

The Mac Home Loans Solution Package Options

The Mac Home Loan Solutions Package is a premium variable rate loan for owner-occupiers and investors that varies by the size of the loan.

  • Discounted interest rate.
  • Additional repayments.
  • Offset account.
  • Discounted rate varies by loan amount.
  • Large annual fee.
  • Limited branch access.

Must be over 18 years of age.

Must be a citizen or permanent resident of Australia or New Zealand.

Must meet The Mac’s serviceability criteria.

About The Mac

The Mac, or Macarthur Credit Union, is a member-owned credit union with four branches in the Macarthur region of NSW.

Compare your product with the big 4 banks, or add more products to compare
As seen on