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
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Swift decision time: You can expect feedback on your complete application in less than 24 hours.
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Flexible repayment options: You can pay in advance and personalise your preferred payment schedule to suit your needs without penalty.
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Redraw facility: Available on all our car loans.
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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.
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Features |
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Car Loan Crusher
Up to 2.00% discount off current car loan interest rate from a different financial institution.
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Minimum amount |
$10,000 |
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Deposit required |
No |
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Loan period |
Maximum 7 year term |
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Establishment fee |
$200 |
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Monthly fee |
$5 |
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Flexible repayments |
Weekly, fortnightly, or monthly |
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Interest Charges |
Calculated daily, charged monthly |
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Redraw facility |
Yes |
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Variable and lump sum repayments |
Yes |
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Early repayment without penalty |
Yes |
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Time out option |
Yes |
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Car Loan – For vehicles up to 2 years old1
Get the new car you want with this low rate car loan.
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5.99% pa
variable interest rate
6.65% pa*
comparison rate |
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Features |
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Car Loan – For vehicles up to 2 years old |
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Minimum amount |
$10,000 |
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Deposit required |
No |
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Loan period |
Maximum 7 year term |
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Establishment fee |
$200 |
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Monthly fee |
$5 |
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Flexible repayments |
Weekly, fortnightly, or monthly |
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Interest Charges |
Calculated daily, charged monthly |
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Redraw facility |
Yes |
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Variable and lump sum repayments |
Yes |
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Early repayment without penalty |
Yes |
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Time out option |
Yes |
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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.
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7.95% pa
interest rate
8.61% pa*
comparison rate |
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Features |
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Car Loan – For vehicles up to 5 years old |
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Minimum amount |
$10,000 |
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Deposit required |
No |
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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 |
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Time out option |
Yes |
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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.
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From
10.70% pa
interest rate
11.35% pa*
comparison rate
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Features |
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Car Loan – For vehicles up to 10 years old |
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Minimum amount |
$10,000 |
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Deposit required |
No |
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Equity option |
Yes - provide a 10% deposit and save 0.50% p.a. |
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Loan period |
Maximum 7 year term for vehicles under 7 years old
Maximum 5 year term for vehicles 8-10 years old |
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Establishment fee |
$200 |
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Monthly fee |
$5 |
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Flexible repayments |
Weekly, fortnightly or monthly |
|
Interest charges |
Calculated daily, charged monthly |
|
Redraw facility |
Yes |
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Variable and lump sum repayments |
Yes |
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Early repayment without penalty |
Yes |
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Time out option |
Yes |
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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.
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*
