Macquarie Credit Union Personal Loan Rates & Fees, Review & Compare - Best Find

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Macquarie Credit Union Personal Loans

Student/Apprentice Loan

If you are working casually and need money for equipment and study materials, our NEW student/apprentice loan could be the answer.

Overview

Minimum loan amount$1,000

Maximum loan amount$30,000

Minimum term (years)1 Year

Maximum term (years)7 Years

Advertised rate12.20%

Comparison rate12.20%

Monthly repayments (approx)$333

Total repayments (approx)$11,991

Total interest repayments (approx)$1,991

Rate typeVariable

Secured or unsecuredUnsecured

Security required No

Encumberance/REVVS check fee$0

Application / establishment fee$0

Other Fees & Information

Monthly fee$0

Quaterly fee$0

Annual fee$0

Other fees$0

Redraw facilityYes

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Early repayments fee$0

Missed payment fee$0

For debt consolidation?Yes

Sponsored No

Telephone1300 885 480

Data accurate as of6/04/2017

Comparison rate warning Comparison rates are based on a $10,000 loan over 3 years with monthly repayments. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

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Unsecured Personal Loan

With competitive interest rates and little or no fees, those dreams of yours are just at your fingertips.

Overview

Minimum loan amount$1,000

Maximum loan amount$30,000

Minimum term (years)1 Year

Maximum term (years)7 Years

Advertised rate13.95%

Comparison rate14.16%

Monthly repayments (approx)$346

Total repayments (approx)$12,467

Total interest repayments (approx)$2,467

Rate typeVariable

Secured or unsecuredUnsecured

Security required No

Encumberance/REVVS check fee$0

Application / establishment fee$140

Other Fees & Information

Monthly fee$0

Quaterly fee$0

Annual fee$0

Other fees$0

Redraw facilityYes

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Early repayments fee$0

Missed payment fee$0

For debt consolidation?Yes

Sponsored No

Telephone1300 885 480

Data accurate as of6/04/2017

Comparison rate warning Comparison rates are based on a $10,000 loan over 3 years with monthly repayments. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

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Did you know you can compare 100’s of personal loans? Browse, filter and on our main personal loans comparison page.

Compare and review Macquarie Credit Union personal loan rates

Looking to make major purchase, go on a holiday or perhaps to consolidate your existing debts into one simple regular repayment? When comparing Macquarie Credit Union personal loans, there are other important things to consider and understand, other than just Macquarie Credit Union’s interest rates.

What personal loan options does Macquarie Credit Union offer?

Macquarie Credit Union has 2 personal loan products:

  • Macquarie Credit Union Student / Apprentice Loan
  • Macquarie Credit Union Unsecured Personal Loan

 

View the above table for detailed product information and a comparison of the interest rates, fees and features.

You can also review and compare Macquarie Credit Union car loans, Macquarie Credit Union home loan and Macquarie Credit Union credit cards.

Do you have a Macquarie Credit Union personal loans calculator?

Yes. Use the filter to adjust your loan amount and term to calculate your approximate monthly repayments. When you apply the filter, you will see a breakdown of your approximate monthly repayments as well as the total amount of interest and fees paid.

How to apply for a Macquarie Credit Union Personal Loan?

If you’d like to apply online for a Macquarie Credit Union personal loan, just scroll up and click on “Learn more” to be taken to Macquarie Credit Union’s secure online application form. Before you apply, be sure to learn about Macquarie Credit Union’s personal products, fees and eligibility criteria. Give yourself around 30 minutes to complete the application.

Macquarie Credit Union’s personal loan eligibility criteria

Before you apply for a personal loan, be sure to understand and meet the Macquarie Credit Union’s lending criteria. Below is high-level overview of Macquarie Credit Union’s criteria:

Macquarie Credit Union’s minimum requirements for a personal loan

  • Minimum age of 18
  • Earn a minimum of $15,000 per annum
  • An Australian citizen, permanent resident or have a valid visa

Information you’ll need to provide

Whether at the Macquarie Credit Union branch or online, make sure to have the following nearby:

  • Proof of income. A verifiable and steady employment. You may be required to provide copies of your most recent pay slips and employer’s contact information
  • A list of your assets, expenses and liabilities
  • Driver’s licence (if you have one) or other forms of ID

Are you self-employed?

If you’re self-employed, you will also need to provide:

  • Financial statements for the last year
  • Your most recent personal/business tax return

Other things to keeping mind when applying with Macquarie Credit Union

  • It’s advantageous to have a good credit history. For example, you have no recent defaults and no frequent requests for credit
  • Credit cards with large credit limits are seen as liabilities, even if there’s nothing owing. If you have existing liabilities, be certain you can pay them off in addition to your Macquarie Credit Union personal loan

There are many additional factors Macquarie Credit Union consider when accessing your application, but the above are the most important. If you feel like you may not meet their eligibility criteria, it may be best to save!

What can you use a Macquarie Credit Union personal loan for?

You can borrow for almost any worthwhile purpose. No, going to the casino and putting it all on black is not a worthwhile purpose.

Examples of common loan purpose Macquarie Credit Union will lend for:

 

Additional product information

Macquarie Credit Union’s minimum and maximum personal loan amounts and terms

You can borrow between $1,000 and $30,000. Over terms between 1 year and 7 years. Use our filter as a repayment calculator to see your monthly repayments and rates.

Macquarie Credit Union’s repayment schedule

Macquarie Credit Union allow weekly, fortnightly or monthly repayment.

Extra repayment or early penalties

Macquarie Credit Union allows you to make additional or early repayments. There are fees associated with completely repaying your loan off early.

Redraw facility

Macquarie Credit Union’s Variable Rate Personal Loan gives you the option of being able to make redraws.