Macquarie Bank car loans
Macquarie Group Limited (commonly known as Macquarie Bank) employs more than 14,000 staff in over 70 office locations across 28 countries. The Australian multinational group is headquartered in Sydney.
Macquarie Bank provides a wide range of financial services and loans, including transaction accounts, credit cards, various home loans, personal loans and car loans. The bank has car loans for personal and business customers.
Customer service is available through the online service portal, mobile app, or via phone.
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Why choose Macquarie Bank
Macquarie Bank Car Loans
Car Loans calculator
Use our car loan calculator to see how much you’d have to repay under different borrowing scenarios.
Your estimated repayments
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- This is an estimate of how much you would pay (weekly/fortnightly/monthly) based on your borrowing amount, interest rate and loan term.
- Calculations assume that details entered into calculator, including interest rates, do not change for the lifetime of the loan.
- Interest is calculated by compounding on the same frequency as the repayment selected, i.e. weekly, fortnightly or monthly.
- Months are assumed to be of equal length. However, given that some months are longer than others, interest charged by vary depending upon the month.
- The calculation rounds of the car loan repayment to the closest dollar value without decimals.
- All calculations are estimates only; there are no guarantees, pre-qualifications or pre-approvals for borrowing. All results are based solely upon the data entered into the calculator.
- Your final mortgage repayments or borrowing amount will depend on your lender’s eligibility criteria among other factors.
- Calculator does not include the cost of fees or other extra charges.
- Calculator does not account for changes to interest rates over time.
- This calculator is for information purposes only. Any advice is general and has not taken into account your personal circumstances. Read our full disclaimer.
Features of a Macquarie Bank car loan
Macquarie Bank provides secured car loans suitable for car purchasers looking for a new and used vehicles. This bank particularly suits borrowers who prefer a lender that can offer extra services.
You can borrow between $10,000 and $250,000 and pay it off over a maximum loan term of seven years.
Macquarie Bank charges a one-off establishment fee on its car loans, as well as a monthly fee. But you can pay off your loan early without being penalised. Borrowers can choose to reduce their regular repayments by paying a one-off lump sum at the end of the loan. This is known as a ‘balloon payment’.
This lender tailors its car loan rates according to your financial situation and credit history. But as it is a big bank, its rates may not be the lowest on the market.
Macquarie Bank car loans – customer service
Customers can contact Macquarie Bank by phone, or make an online enquiry. Macquarie Bank’s phone line is in operation from 9am to 5pm (AEST/ADST) on weekdays.
Who is eligible for a Macquarie Bank car loan?
- Must be over the age of 18
- Must be a permanent resident of Australia
How to apply for a Macquarie Bank car loan?
You can get an indicative quote from Macquarie Bank and apply for a car loan through their website. Applications may be processed in as little as 24 hours.
- Go to Macquarie Car Loans.
- Select ‘Get a tailored quote’.
- Review your indicative quote and repayment.
- If you’re happy with it, fill in and submit an application. Or you may come back to the quote within five days.
- You will be contacted through email and phone by a dedicated finance specialist.
Alternatively, you can give them a call to speak with a car loan specialist.
Macquarie Bank car loans review
Macquarie Bank provides borrowers a range of tailored car loans. Customers can borrow between $10,000 and $250,000, with a maximum term of seven years.
Macquarie Bank charges several fees, including an establishment fee and monthly fees. However, customers can pay their loan early without penalty.
Borrowers may find Macquarie Bank appealing if they prefer a lender with extra services. For example, car buying specialists at Macquarie Bank may be able to negotiate on your behalf, book test drives and, if you are trading in, help you get your vehicle valued.
The interest rate you can get at Macquarie Bank may vary. This lender tailors its rates according to the customer’s financial situation. This means those with better credit histories and/or a property may be eligible for a better interest rate, while borrowers with poorer credit histories and/or no property may face a higher interest rate.
If you’re looking for the best car loan for you, it’s worthwhile to compare interest rates and features from several different lenders.
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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, target market determination fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.
