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The Mac home loans
The Mac, formerly the Clutha Employees Credit Union, is a credit union based in the NSW region of Macarthur which been operating since 1971.
It began to help miners gain access to financial products, but then grew to service the wider Macarthur District in the late 1970s. At that time, it took the name Macarthur Credit Union, and then later became The Mac.
Unlike banks, The Mac is a credit union, which means it is owned by members, not shareholders.
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Why choose The Mac
The Mac Home Loans
Loan amount
Minimum deposit
Loan type & Term
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7.67%
7.74%
$2,625
Australian Credit Licence 239933
Fees & charges apply
Offset Variable Home Loan
- Investor
- Variable
- 10% min deposit
- P&I
5.99%
7.24%
$2,253
Australian Credit Licence 239933
Fees & charges apply
Fixed Home Loan
- Owner Occupied
- Fixed 3 years
- 5% min deposit
- P&I
6.09%
7.27%
$2,274
Australian Credit Licence 239933
Fees & charges apply
Fixed Investor Loan
- Investor
- Fixed 3 years
- 5% min deposit
- P&I
5.67%
7.33%
$2,185
Australian Credit Licence 239933
Fees & charges apply
2 year Discounted Variable Home Loan
- Owner Occupied
- Variable
- 5% min deposit
- P&I
5.69%
7.33%
$2,189
Australian Credit Licence 239933
Fees & charges apply
Fixed Home Loan
- Owner Occupied
- Fixed 2 years
- 5% min deposit
- P&I
5.99%
7.39%
$2,253
Australian Credit Licence 239933
Fees & charges apply
Fixed Investor Loan
- Investor
- Fixed 2 years
- 5% min deposit
- P&I
6.39%
7.60%
$2,339
Australian Credit Licence 239933
Fees & charges apply
Fixed Investor Loan
- Investor
- Fixed 1 year
- 5% min deposit
- P&I
7.57%
7.64%
$2,602
Australian Credit Licence 239933
Fees & charges apply
Basic Variable Home Loan
- Special
- Owner Occupied
- Variable
- 5% min deposit
- P&I
7.67%
7.74%
$2,625
Australian Credit Licence 239933
Fees & charges apply
Offset Variable Home Loan
- Owner Occupied
- Variable
- 5% min deposit
- P&I
Home Loans calculator
Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios.
Your estimated mortgage repayments
Total interest
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Total repayments
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- All calculations are estimates only; they are not guarantees, pre-qualifications or pre-approvals for borrowing. All results are based solely upon the data entered into the calculator.
- It is assumed that data entered into the calculator, including interest rates, do not change for the lifetime of the loan - unless specified.
- The Present Value provided by this calculator is displayed as the amount labelled 'Loan amount'.
- At the end of the interest-only period, the rate may change. For this calculation, rate switches to the current rate.
- The current rate is today’s average big 4 owner occupier advertised discounted variable rate (LVR 80%), unless you have inserted your own rate.
- 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 some months are longer than others, interest charged may vary depending upon the month.
- One year is assumed to contain exactly 52 weeks or 26 fortnights. Thus each year has 364 days.
- The calculator uses the unrounded repayment to derive the home loan summary line graph and repayment schedule. However, institutions may round repayments to the nearest cent.
- 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. Consider whether you need financial advice from a qualified adviser.
- After the interest only term ends, your repayments will change based on the current* interest rate. This rate is subject to change. Read our full disclaimer.
The Mac customer service
The Mac has a number of physical branches located throughout the Macarthur region. In addition to its bricks-and-mortar presence, there is also a 24/7 online banking service, email, an online enquiry form, and phone consultations and queries available Monday to Friday within business hours. You can also write to The Mac at its Camden office.
- Customer service centre (phone)
- Online banking
- Branch
How to Apply
Applications and home loan enquiries can be made online at the The Mac website or by downloading and completing relevant documentation then posting them to The Mac Bank. Alternately, you can visit one of the Sydney branches. When applying for a home loan, the lender may ask for the following documentation:
- Personal identification material.
- Proof of income and employment.
- Information regarding debts and assets.
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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.