Car Loans

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 Crusher

Roll you current car loan over to Macquarie Credit Union and receive a reduction of up to 2% pa off your current car loan interest rate from a different financial institution.¹

Use our calculator to work out your repayments

Features

Car Loan Crusher
Key Features
$0 Deposit	Yes
Swift Decision Time	Yes
Flexible Repayments	Weekly, fortnightly or monthly
Variable and Lump Sum Repayments	Yes
Redraw Facility	Free online redraw, minimum amount $500, $20 fee if processed manually
Early Repayment Without Penalty	Yes
Loan Period	Up to 7 years
Minimum Loan Amount	$10,000
Maximum Loan Amount	$80,000
Interest Rates
Interest Charges	Calculated daily, charged monthly²
Fees
Establishment Fee	$200
Monthly Fee	$5

Car Loan – For vehicles up to 2 years old

Get the new car you want with this low rate car loan for a vehicle up to 2 years of age.³

Use our calculator to work out your repayments

5.99% pa
variable interest rate
6.65% pa⁴
comparison rate

Features

Car Loan - For vehicles up to 2 years old
Key Features
$0 Deposit	Yes
Swift Decision Time	Yes
Flexible Repayments	Weekly, fortnightly, monthly
Variable and Lump Sum Repayments	Yes
Redraw Facility	Free online redraw, minimum amount $500, $20 fee if processed manually
Early Repayment Without Penalty	Yes
Loan Period	Up to 7 years
Minimum Loan Amount	$10,000
Maximum Loan Amount	$80,000
Interest Rates
Variable Interest Rate	5.99% pa
Comparison Rate	6.65% pa⁴
Interest Charges	Calculated daily, charged monthly
Fees
Establishment Fee	$200
Monthly Fee	$5

Car Loan – For vehicles up to 5 years old

Perfect for a used car purchase or refinance for a vehicle up to 5 years of age. ⁵

Use our calculator to work out your repayments

7.95% pa
interest rate
8.61% pa⁴
comparison rate

Features

Car Loan - For vehicles up to 5 years old
Key Features
$0 Deposit	Yes
Swift Decision Time	Yes
Flexible Repayments	Weekly, fortnightly, monthly
Variable and Lump Sum Repayments	Yes
Redraw Facility	Free online redraw, minimum amount $500, $20 fee if processed manually
Early Repayment Without Penalty	Yes
Loan Period	Up to 7 years
Minimum Loan Amount	$10,000
Maximum Loan Amount	$80,000
Interest Rates
Variable Interest Rate	7.95% pa
Comparison Rate	8.61% pa⁴
Interest Charges	Calculated daily, charged monthly
Fees
Establishment Fee	$200
Monthly Fee	$5

Car Loan – For vehicles up to 10 years old

Designed for a used car purchase or refinance for a vehicle up to 10 years of age.⁶

Use our calculator to work out your repayments

From
10.70% pa
interest rate
11.35% pa⁴
comparison rate

Features

Car Loan - For vehicles up to 10 years old
Key Features
$0 Deposit	Yes
Swift Decision Time	Yes
Flexible Repayments	Weekly, fortnightly or monthly
Variable and Lump Sum Repayments	Yes
Redraw Facility	Free online redraw, minimum amount $500, $20 fee if processed manually
Early Repayment Without Penalty	Yes
Loan Period	Maximum 7 year term for vehicles under 7 years old. Maximum 5 year term for vehicles 8 10 years old
Minimum Loan Amount	$10,000
Maximum Loan Amount	$80,000
Interest Rates
Variable Interest Rate	10.70% pa
Comparison Rate	11.35% pa⁴
Interest Charges	Calculated daily, charged monthly
Fees
Establishment Fee	$200
Monthly Fee	$5
Equity Option
Equity Option - provide a 10% deposit and save 0.50% p.a.	Yes

More Information

Apply

Apply for a Car Loan

Click here to Download an Application.

Questions?

If you have any questions, please contact us

Terms and Conditions

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

Minimum loan amount of $10,000.

¹ Normal lending criteria, terms and conditions, fees and charges apply. Up to 2% discount off current car loan at a different financial institution only. Proof of current rate required. Minimum loan amount of $10,000. For vehicles up to 7 years old. Maximum loan term 7 years. Available for new lending only, not available on re-finance of, or an increase to the limit of existing Macquarie Credit Union facilities.

² Floor rate of 6% pa does apply. Comparison rate of 6.66% pa. 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.

³ Normal lending criteria, terms and conditions, fees and charges apply. Minimum loan amount of $10,000. For vehicles up to 2 years old. Maximum loan term 7 years. Available for new lending only, not available on re-finance of, or an increase to the limit of existing Macquarie Credit Union facilities.

⁴ 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.

⁵ Normal lending criteria, terms and conditions, fees and charges apply. Minimum loan amount of $10,000. For vehicles up to 5 years old. Maximum loan term 7 years. Available for new lending only, not available on re-finance of, or an increase to the limit of existing Macquarie Credit Union facilities.

⁶ Normal lending criteria, terms and conditions, fees and charges apply. Minimum loan amount of $10,000. For vehicles up to 10 years old. Maximum 7 year loan term for vehicles under 7 years old. Maximum 5 year loan term for vehicles 8-10 years old.