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New Car Loan (10% Equity Option)

Macquarie Credit Union

Borrowing Amount
You must enter a value less than $8k

Borrow Amount

Loan term
Advertised Rate10.20%variable
Comparison Rate10.40%
Monthly Repayment$640
Loan amount$1k to $8k
Pros
  • No ongoing fees
  • No early exit penalty
  • Can apply online
  • Can apply in branch
Cons
  • Application fee charged
  • Limited to new cars
  • Requires security to be held

Suitable For

New Car
New Car
Used Car
Used Car

Loan Fees

Upfront Fee
Upfront Fee$140
Ongoing Fee
Ongoing Fee$0
Early Exit Penalty Fee
Early Exit Penalty Fee$0
Missed Payment Penalty
Missed Payment Penalty$0
Redraw Activation Fee
Redraw Activation Fee$0

Loan Profile

Repayment Type
Repayment TypeVariable
Loan Type
Loan TypeSecured
Available to 457 Visa Holders
Available to 457 Visa Holders
View Repayment Schedule

Features Flexibilities

Redraw Facility
Redraw Facility
Other Benefits
Other Benefits
Other Restrictions
Other Restrictions
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