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Medium Amount Credit Contracts (MACC) loans in Australia have become a commonly used form of regulated credit, including among people who may have had difficulty accessing traditional personal loans.

These loans generally range from $2,001 to $5,000 and are offered with set repayment terms, typically between 3 and 24 months, depending on the lender’s policies and the borrower’s individual circumstances. As a regulated credit product under the National Consumer Credit Protection Act 2009 (NCCP Act), MACC loans must follow specific rules around fees, assessments, and responsible lending.

What is a MACC Loan and Why Popular With Bad Credit Borrowers

MACC loans offer an accessible credit option for those who need between $2,001 and $5,000 with loan terms longer than payday loans but shorter than regular personal loans. They differ from SACCs mainly by higher loan amounts and longer repayment periods. MACCs help manage emergency costs, medical bills, vehicle repairs, or household expenses.

Borrowers with bad credit find MACC loans popular because these bad credit loans Australia are secured-meaning no collateral is needed-and lenders assess current financial circumstances rather than just credit scores.

ASIC ensures these loans come with capped fees and balanced interest to protect consumers, making MACCs safer for people struggling financially.

1. Quickzy Finance
   Quickzy Finance is an Australian-owned credit provider offering secured Medium Amount Credit Contract (MACC) loans designed to support everyday borrowers who may not qualify for traditional lending.
   Quickzy provides bad credit loans Australia from $2,417 to $5,000 (inclusive of fees), secured against the borrower’s vehicle, allowing assessments to focus on the applicant’s current financial situation rather than solely past credit history.
2. Swoosh Finance
   Swoosh Finance specialises in loans for bad credit in Australia, ranging from $2,200 to $5,000. Their secured, online loans for bad credit serve bad credit borrowers needing quick, short-term funds, with clear interest and fees fully disclosed as per ASIC requirements.
3. Money3
   Money3 provides secured loans suited for a broader loan range, from $3,000 to $30,000, which includes MACC loans between $2,000 to $5,000 for borrowers with bad credit. Their interest rates and fees are fair and regulated by ASIC, ensuring borrowers know all costs upfront.
4. Fundo Loans
   Fundo Loans offers medium amount credit contracts between $2,000 and $5,000, fully compliant with ASIC regulations. Their secured loans come with capped and competitive fees, along with online application and approval processes.
5. Nimble
   Nimble is a popular MACC loan provider specializing in online loans for bad credit between $500 and $5,000. For bad credit borrowers, Nimble offers loans for bad credit in Australia ranging from $2,050 to $5,000 with repayment terms of 3 to 15 months.