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Car Loans

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At Macquarie Credit Union, we agree paying off a vehicle should not be made harder or more expensive than it needs to be.

Get the Macquarie Credit Union car loan difference

  • Swift decision time: You can expect feedback on your complete application in less than 24 hours.
  • Flexible repayment options: You can pay in advance and personalise your preferred payment schedule to suit your needs without penalty.
  • Redraw facility: Available on all our car loans.
  • No penalty for early payout: You can finish paying off your debt without being punished for doing so.

Get started today!

Car Loan Crusher1

Roll your current car loan over to Macquarie Credit Union and receive a reduction of up to 2% off your current interest rate.

apply
  Features
Car Loan Crusher

Up to 2.00% discount off current car loan interest rate from a different financial institution.

Minimum amount $10,000
Deposit required No
Loan period Maximum 7 year term
Establishment fee $200
Monthly fee $5
Flexible repayments Weekly, fortnightly, or monthly
Interest Charges Calculated daily, charged monthly
Redraw facility Yes
Variable and lump sum repayments Yes
Early repayment without penalty Yes
Time out option Yes

Car Loan – For vehicles up to 2 years old1

Get the new car you want with this low rate car loan.

5.99% pa
variable interest rate
6.65% pa*
comparison rate
apply
  Features
Car Loan – For vehicles up to 2 years old
Minimum amount $10,000
Deposit required No
Loan period Maximum 7 year term
Establishment fee $200
Monthly fee $5
Flexible repayments Weekly, fortnightly, or monthly
Interest Charges Calculated daily, charged monthly
Redraw facility Yes
Variable and lump sum repayments Yes
Early repayment without penalty Yes
Time out option Yes

Car Loan – For vehicles up to 5 years old1

Perfect for a used car purchase or re-finance for a vehicle up to 5 years of age.  

7.95% pa
interest rate
8.61% pa*
comparison rate
apply
  Features
Car Loan – For vehicles up to 5 years old
Minimum amount $10,000
Deposit required No
Loan period Maximum 7 year term
Establishment fee $200
Monthly fee $5
Flexible repayments Weekly, fortnightly or monthly
Interest charges Calculated daily, charged monthly
Redraw facility Yes
Variable and lump sum repayments Yes
Early repayment without penalty Yes
Time out option Yes

Car Loan – For vehicles up to 10 years old2

Designed for a used car purchase or re-finance for a vehicle up to 10 years of age.

From
10.70% pa
interest rate
11.35% pa*
comparison rate

apply
  Features
Car Loan – For vehicles up to 10 years old
Minimum amount $10,000
Deposit required No
Equity option Yes - provide a 10% deposit and save 0.50% p.a.
Loan period Maximum 7 year term for vehicles under 7 years old
Maximum 5 year term for vehicles 8-10 years old
Establishment fee $200
Monthly fee $5
Flexible repayments Weekly, fortnightly or monthly
Interest charges Calculated daily, charged monthly
Redraw facility Yes
Variable and lump sum repayments Yes
Early repayment without penalty Yes
Time out option Yes

More Information

Apply

Apply for a Car Loan Apply Now

Questions?

If you have any questions, please contact us Contact Us

Terms and Conditions

Normal lending criteria, terms and conditions, fees and charges apply.

Minimum loan amount of $10,000.

1Available for new lending only, not available on re-finance of, or an increase to the limit of existing Macquarie Credit Union facilities.

1For vehicles up to 7 years old. Maximum loan term 7 years.

2For vehicles up to 8-10 years old. Maximum loan term 5 years.

Redraw request is subject to approval. Minimum redraw amount is $500. Full terms and conditions are available upon request.

*Comparison rate calculated on a secured loan amount of $30,000 over a term of 5 years with monthly repayments.
Warning: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Applicable to Car Loan Crusher only
Up to 2% discount off current car loan at a different financial institution only. Proof of current rate required. Floor rate of 6% pa. does apply. Comparison rate of 6.66% pa*