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- Car Loans
- Macquarie Credit Union
- New Car Loan (Car < 5 Years)
New Car Loan (Car < 5 Years)
- $10k to $80k
- 0 to 7 years
- New or used car
- Variable Rate
Interest rate p.a.
8.95%
Comparison rate* p.a.
9.60%
New Car Loan (Car < 5 Years)
- $10k to $80k
- 0 to 7 years
- New or used car
- Variable Rate
Interest rate p.a.
8.95%
Comparison rate* p.a.
9.60%
Calculate your repayments for this loan
$
Your estimated repayment
$622
based on 30000 loan amount for 5 years at 8.95%
Pros and Cons
For New Car Loan (Car < 5 Years)
Benefits
- No early exit penalty
- Unlimited extra repayments
- Flexible repayment options
- Can apply online
- Can apply in branch
- Suitable for both new or used car
Drawbacks
- Service fee charged
Macquarie Credit Union Rate Car Loan overview
For New Car Loan (Car < 5 Years)
Details
Total repayments
$37,321
Interest rate type
Variable
Borrowing range
$10k - $80k
Security type
Secured
Loan term
0 to 7 years
Secured by
Vehicle
Loan type
Is Fully Drawn Advance
Repayment frequency
Weekly, Fortnightly, Monthly
Age of car
up to 5 years
Target Market Determination
Visit Macquarie Credit Union to view Target Market Determination.
Features
Extra repayments
Yes
Redraw facility
redraw activation fee of $0
Instant approval
Time to funding
N/A
Fees
Upfront fee
$200
Ongoing Fee
$5 Monthly
Missed payment penalty
$0
Early exit penalty fee
$0
Permitted Loan Purposes
New car
Used car
Motorcycle
Boat
Other Restrictions
Available for new lending only, not available on re-finance of, or an increase to the limit of existing Macquarie Credit Union facilities.
