The Mac - Unsecured Personal Loan
Unsecured | Variable
The Unsecured Personal Loan from The Mac has a comparison interest rate from 16.29% p.a. and an advertised interest rate from 15.99% p.a. It also has a repayment term between 1 and 7 years. The Unsecured Personal Loan has a Variable rate, Unsecured loan and a borrowing range of between $1,000 and $30,000.
More details about The Mac Unsecured Personal Loan can be found below or visit The Mac to learn more or apply.
A comparison rate of 16.29% p.a. and an advertised rate of 15.99% p.a. The loan type will be Unsecured.
Advertised Rate
15.99% p.a. Variable
Comparison Rate
16.29% p.a.
Loan Term
1 to 7 years
Borrowing Range
$1,000 to $30,000
Interest
Rate Type
Variable
Advertised Rate
15.99% p.a.
Variable
Comparison Rate
16.29% p.a.
Application Frequency
Monthly
Calculation Frequency
Daily
Loan Security
Loan Security
Unsecured
Loan Terms
Loan Term
1 to 7
years
Borrowing Range
$1,000 to $30,000
Repayment
Fortnightly, Weekly, Monthly
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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