Loans
Take out a Loan
Whether you're looking to borrow to help with your household expenses or for a larger purchase, we have the right loan to suit you. We've made it easy to borrow at a fair, affordable rate with no application fees and no early repayment charges.
- Quick and convenient - Once your loan is approved, the money can be in your account on the same day.
- Flexible - Repayments can be tailored to suit your budget and can be made weekly, fortnightly or monthly.
- Affordable - Interest is only paid on the reducing balance, and there are no penalties for paying your loan back early
- Fair - We will assess your ability to repay the loan based on knowing your circumstances not just your credit score.
Try out our quick and easy loan calculator below
Maximum Loan Term 60 months
12.67%
12.67%
12.67%
This calculator is for illustrative purposes only, to give you, the borrower, an overview of the potential cost of borrowing. The Credit Union, or any of its staff, cannot be held responsible for any errors. Please note that this calculator only provides an indicative quote and actual repayments may vary.
- There are no hidden fees or transaction charges
- Our interest rates are fair and reasonable compared to others in the market
- Repayments are calculated on your reducing balance, so you pay less interest with each repayment
- Your credit union loan is insured - subject to terms and conditions - at no direct cost to you. Other lenders charge for this
- You can pay off your loan early, make additional lump sum repayments or increase your regular repayments, without a penalty. Other lenders may charge you extra for paying them back faster!
- It sustains growth and employment as the money is spent locally
- It provides opportunities to our members to travel abroad, get married, do home improvements, manage their finances, further their education etc
- Borrowing from Macnean Credit Union will help secure its future for generations of members to come
Our loan rate of 12.68% means you can borrow at a reasonable rate of credit compared to other financial providers – compare us to other financial service providers and you will see that you get a great deal at Macnean Credit Union.
