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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 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

apply
  Features
Car Loan Crusher
Key Features
$0 DepositYes 
Swift Decision TimeYes
Flexible RepaymentsWeekly, fortnightly or monthly
Variable and Lump Sum RepaymentsYes
Redraw FacilityFree online redraw, minimum amount $500, $20 fee if processed manually 
Time Out OptionYes 
Early Repayment Without PenaltyYes
Loan PeriodUp to 7 years
Minimum Loan Amount$10,000 
Maximum Loan Amount$80,000 
Interest Rates
Interest ChargesCalculated 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

5.99% pa
variable interest rate
6.65% pa4
comparison rate
apply
  Features
Car Loan - For vehicles up to 2 years old
Key Features
$0 DepositYes 
Swift Decision TimeYes
Flexible RepaymentsWeekly, fortnightly, monthly
Variable and Lump Sum RepaymentsYes
Redraw FacilityFree online redraw, minimum amount $500, $20 fee if processed manually 
Time Out OptionYes 
Early Repayment Without PenaltyYes
Loan PeriodUp to 7 years
Minimum Loan Amount$10,000 
Maximum Loan Amount$80,000 
Interest Rates
Variable Interest Rate5.99% pa
Comparison Rate6.65% pa4
Interest ChargesCalculated 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

7.95% pa
interest rate
8.61% pa4
comparison rate
apply
  Features
Car Loan - For vehicles up to 5 years old
Key Features
$0 DepositYes 
Swift Decision TimeYes
Flexible RepaymentsWeekly, fortnightly, monthly
Variable and Lump Sum RepaymentsYes
Redraw FacilityFree online redraw, minimum amount $500, $20 fee if processed manually 
Time Out OptionYes 
Early Repayment Without PenaltyYes
Loan PeriodUp to 7 years
Minimum Loan Amount$10,000 
Maximum Loan Amount$80,000 
Interest Rates
Variable Interest Rate7.95% pa
Comparison Rate8.61% pa4
Interest ChargesCalculated 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

From
10.70% pa
interest rate
11.35% pa4
comparison rate

apply
  Features
Car Loan - For vehicles up to 10 years old
Key Features
$0 DepositYes 
Swift Decision TimeYes
Flexible RepaymentsWeekly, fortnightly or monthly
Variable and Lump Sum RepaymentsYes
Redraw FacilityFree online redraw, minimum amount $500, $20 fee if processed manually 
Time Out OptionYes 
Early Repayment Without PenaltyYes
Loan PeriodMaximum 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 Rate10.70% pa
Comparison Rate11.35% pa4
Interest ChargesCalculated 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 Apply Now

Click here to Download an Application.

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.

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.