The Mac - Debt Consolidation Loan
Unsecured | Variable
The Mac Debt Consolidation Loan has an advertised interest rate from 17.49% p.a. with a loan type of Unsecured. The comparison rates start from 17.78% p.a. and the borrowing range start from $1, with a loan repayment term of between 1 and 7 years. The Mac Debt Consolidation Loan will be a Variable rate loan.
More details about The Mac Debt Consolidation Loan can be found below or visit The Mac to learn more or apply.
The loan type will be Unsecured with a comparison rate of 17.78% p.a. and an advertised rate of 17.49% p.a.
Advertised Rate
17.49% p.a. Variable
Comparison Rate
17.78% p.a.
Loan Term
1 to 7 years
Borrowing Range
$1
Interest
Rate Type
Variable
Advertised Rate
17.49% p.a.
Variable
Comparison Rate
17.78% p.a.
Application Frequency
Monthly
Calculation Frequency
Daily
Loan Security
Loan Security
Unsecured
Loan Terms
Loan Term
1 to 7
years
Borrowing Range
$1
Repayment
Monthly, Weekly, Fortnightly
Features
Extra Repayments Allowed
Yes
Redraw Available
Yes
Fees
Establishment Fee
$250
one off
Loan Service Fee
$0
per month
Early Repayment Fee
$0
per event
Who is the product designed for?
This product is suitable for retail clients who:
- are seeking a loan for any worthwhile purpose including to make a purchase or to consolidate an existing debt
- are aged 18 years or more and meet the credit assessment criteria for the product
- are unable or unwilling to offer security for the loan even though that means a higher interest rate will apply
- need the flexibility to make additional repayments and a contractual right to redraw advance repayments as required
Visit The Mac to view Target Market Determination Effective From: 2021-10-01.
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