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Used Car Loan (10% Equity Option)

Macquarie Credit Union

Borrowing Amount
You must enter a value less than $8k
Loan term
Advertised Rate13.40%variable
Comparison Rate13.61%
Monthly Repayment$689
Loan amount$1k to $8k
Pros
  • No ongoing fees
  • No early exit penalty
  • Can apply online
  • Can apply in branch
Cons
  • Application fee charged
  • Requires security to be held

Suitable For

New Car
New Car
Used Car
Used Car

Loan Fees

Upfront Fee
Upfront Fee$140
Early Exit Penalty Fee
Early Exit Penalty Fee$0
Missed Payment Penalty
Missed Payment Penalty$0
Redraw Activation Fee
Redraw Activation Fee$0
Other Fees
Other FeesN/A

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
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