Important disclosure
Calculate your repayments for this loan
Your estimated repayment
$591
based on $30,000 loan amount for 5 years at 6.75%
Pros and cons
For New Car Loan (Home Owner)
Benefits
- Lower than average rate
- Flexible repayment options
- Can apply online
- Can apply in branch
Drawbacks
- Service fee charged
- Higher than average application fee
- Limited to new cars
Macquarie Bank Rate Car loan overview
For New Car Loan (Home Owner)
Details
Total repayments $35,430 | Interest rate type Variable |
Borrowing range $10k - $250k | Security type Secured |
Loan term 1 to 5 years | Secured by Vehicle |
Loan type Is Fully Drawn Advance | Repayment frequency Fortnightly, Monthly |
Age of car | Target Market Determination Visit Macquarie Bank Limited to view Target Market Determination. |
Features
Extra repayments Yes | Redraw facility |
Instant approval | Time to funding N/A |
Fees
Upfront Fee $250 | Ongoing Fee $15 Monthly |
Missed Payment Penalty $50 | Early Exit Penalty Fee $750 |
Permitted Loan Purposes
New Car | Used Car |
Motorcycle | Boat |
Other Restrictions
For loan terms over 60 months, an interest rate loading of 1% is applicable. Valuation and inspection fees at cost.