Why choose Macquarie Credit Union


  • Redraw facility
  • Option for students and apprentices available
  • No early repayment fees


  • Charges an establishment fee
  • Interest rates may be high
  • Ongoing fees

Macquarie Credit Union Personal Loans

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Australian Credit Licence 241132Fees & charges apply





Unsecured Personal Loan
  • 0 to 7 years
  • Unsecured
  • Variable Rate

Australian Credit Licence 241132Fees & charges apply

Personal Loans calculator

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


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based on a $30,000 loan for 5 years at 13.95%

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Features of a Macquarie Credit Union personal loan

Macquarie Credit Union provides secured and unsecured personal loans with both variable or fixed interest rates. You must be a member to take out a loan with Macquarie Credit Union.

This lender's personal loans typically have moderately low to high interest rates.

Although Macquarie Credit Union provides fewer options than larger banks in Australia, it offers a personal loan designed for students and apprentices as well as loans for everyday borrowers.

The minimum you can borrow is $1,000 while the maximum you can borrow is $30,000 on an unsecured personal loan and $75,000 for a secured personal loan.

Macquarie Credit Union personal loans charges an establishment fee and monthly ongoing fees. But it doesn't charge an early repayment fee.

Macquarie Credit Union provides personal loans for uses such as:

  • Home renovations
  • Debt consolidation
  • Holidays
  • Study materials

Macquarie Credit Union personal loans – customer service

Customers can contact Macquarie Credit Union by calling, sending mail, email, enquiring through an online form or sending a fax. Customers are also welcome to visit a Macquarie Credit Union branch.

You can call its customer service on Mondays 9am to 5pm, Tuesdays 9.30am to 5pm and Wednesday to Friday 9am to 5pm.

Who is eligible for a Macquarie Credit Union personal loan?

  • Must be at least 18
  • Must be an Australian permanent resident or citizen
  • Must be currently employed or receiving regular income
  • Must not have declared bankruptcy or insolvency, or had defaults on loans, credit cards, interest-free finance or store cards in the last five years

How to apply for a Macquarie Credit Union personal loan?

  1. Click ‘Apply Now’. If you are not already an Macquarie Credit Union member, you may need to become a member first.
  2. Confirm your eligibility.
  3. Complete the online application.
  4. Submit the online application and wait for a response.

Macquarie Credit Union personal loans review

As a personal loan lender, Macquarie Credit Union offers several loans suitable for everyday borrowers, those who want to consolidate debt as well as students and apprentices.

Macquarie Credit Union personal loans have a free redraw facility and flexible repayment options.

This lender may charge an establishment fee and ongoing monthly fees, but it doesn't penalise borrowers for paying off the personal loan early. It also doesn't charge establishment fees or ongoing fees to those on its student/apprentice personal loan. It's best to make sure you understand what the personal loan will cost you before applying.

Like its fees, Macquarie Credit Union personal loan rates vary from product to product. Its current personal loan interest rates range from moderately low to high.

Because there are so many personal loan lenders and products, it’s advisable to compare personal loan rates before applying. Researching rates from multiple lenders will allow you to find the best personal loan rates for your specific financial situation.

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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.