Important disclosure

Macquarie Bank Limited

New Car Loan (Home Owner)

Real Time Rating™

  • $10k to $250k
  • 1 to 5 years
  • Variable Rate
  • Secured
Interest Rate

6.75%

p.a

Comparison Rate*

8.21%

p.a

Real Time Rating™
Tags
  • $10k to $250k
  • 1 to 5 years
  • Variable Rate
  • Secured
Interest Rate

6.75%

p.a

Comparison Rate*

8.21%

p.a

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

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.

Promoted car loans

Promoted

Lower Rate

Car Loan (Car > 5 Years)

Real Time Rating™
  • $3k to $50k
  • 1 to 5 years
  • Variable Rate
  • Secured
Interest Rate

9.74%

p.a

Comparison Rate*

9.95%

p.a

Promoted

Secured

Used Car Loan (Car < 10 Years)

Real Time Rating™
  • $1k to $80k
  • 0 to 7 years
  • Variable Rate
  • Secured
Interest Rate

10.70%

p.a

Comparison Rate*

11.35%

p.a

Promoted

Generic

New Car Loan

  • Via broker
  • $10k to $250k
  • 1 to 7 years
  • Fixed Rate
Interest Rate

From

6.52%

p.a

up to 18%

Comparison Rate*

From

6.95%

p.a