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.

Other available products

Personal Finance Editor

Content updated

17 Oct, 2022

Product data updated

06 Jul, 2025

Why choose The Mac

Benefits

No early exit fees
No redraw fees
No ongoing fees

Drawbacks

High interest rates
Few branches
Upfront fee

Personal Loans calculator

Use our personal loan calculator to see how much you’d have to repay under different borrowing scenarios.

Your estimated repayments

Total interest

Total repayments

Compare personal loans

This is an estimate of how much you would pay (weekly/fortnightly/monthly) based on your borrowing amount, interest rate and loan term.
Calculations assume that details entered into calculator, including interest rates, do not change for the lifetime of the loan.
Interest is calculated by compounding on the same frequency as the repayment selected, i.e. weekly, fortnightly or monthly.
Months are assumed to be of equal length. However, given that some months are longer than others, interest charged by vary depending upon the month.
The calculation rounds of the personal loan repayment to the closest dollar value without decimals.

All calculations are estimates only; there are no guarantees, pre-qualifications or pre-approvals for borrowing. All results are based solely upon the data entered into the calculator.
Your final mortgage repayments or borrowing amount will depend on your lender’s eligibility criteria among other factors.
Calculator does not include the cost of fees or other extra charges.
Calculator does not account for changes to interest rates over time.
This calculator is for information purposes only. Any advice is general and has not taken into account your personal circumstances. Read our full disclaimer.

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.

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About our expert

Mark Bristow

Personal Finance Editor

Mark Bristow is RateCity's Senior Finance Content Producer, and an experienced analyst, researcher, and producer. While primarily focused on Australian mortgage and home loan expertise, he has experience across energy, home and travel insurances. Mark has been a journalist and writer in the financial space for over ten years, previously researching and writing commercial real estate at CoreLogic. In the years since, Mark has worked for the Winning Group, Expedia, and has seen articles published at Lifehacker and Business Insider. Mark has also completed RG 146 (Tier 1), making him compliant to provide general advice for general insurance products like car, home, travel and health insurance, as well as giving him knowledge of investment options such as shares, derivatives, futures, managed investments, currencies and commodities.

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^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, target market determination fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.

The Mac personal loans

Why choose The Mac

Benefits

Drawbacks

The Mac Personal Loans

Personal Loans calculator