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The Mac Personal Loans

For over 45 years, The Mac, also known as Macarthur Credit Union, has been providing financial services to Australians.

Since starting in 1971 as a credit union for miners and truckers, The Mac has expanded its services and customer base. However, it remains a small financial institution, with only four branches that are all located in Western Sydney, NSW.

Over 13,000 members have financial products such as personal loans, home loans, banks accounts and savings accounts from The Mac.

The Mac personal loan repayment calculator

Thinking about taking out a personal loan with The Mac? Use our personal loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how The Mac personal loans compare with other options.

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The Mac Personal Loans rates

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Features of a The Mac personal loan

The Mac personal loans come with variable interest rates in the form of secured and unsecured loans.

Personal loan interest rates from The Mac are high no matter which lending option its members choose. Borrowers can use RateCity’s personal loan comparison tool to find the most competitive personal loan interest rates.

Members of The Mac can expect to pay an upfront fee when starting their loan. The fee amount is less than what customers are likely to pay at a major bank.

There is no early exit penalty fee from The Mac, nor are there any ongoing fees associated with its personal loans.

Redraw facilities are available with no additional fees for The Mac members.

The Mac personal loans - customer service

Customers living in or near Western Sydney can visit one of The Mac’s four local branches.

All members also have access to customer support and banking services via The Mac’s online banking portal and phone line.

Who is eligible for a The Mac personal loan?

To be eligible for a The Mac personal loan, borrowers must meet the following criteria:

  • Be a member of The Mac
  • Be a permanent resident of Australia
  • Be over 18
  • Have a history of employment and income
  • Show a statement of personal debt, if applicable

How to apply for a The Mac personal loan

The Mac members can apply for personal loans through the following avenues:

  • Visit a branch
  • Fill out an online application form
  • Apply by phone

The Mac personal loans review

Members who choose to obtain a personal loan from The Mac will find a limited range of options. These loans are available in secured and unsecured forms and come with variable personal loan interest rates.

The Mac personal loan interest rates are high when compared to other lenders in Australia. This could deter borrowers who are looking to save money over the life of their loan. Use RateCity to compare personal loan rates and find the best available for your circumstances.

There is an upfront fee when starting a loan with The Mac, but it is lower than what the major banks charge.

Personal loans from The Mac do not come with ongoing monthly fees nor fees for early payments. This could offer some savings to borrowers, and encourage them to pay off their debt ahead of schedule.


Personal loans with no credit check are available and called ‘payday loans’. These are sometimes used as short-term solutions for cash-strapped Australians. They carry a range of risks, including putting individuals into a worsened cycle of debt due to higher than average fees.


^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.

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