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- Car Loans
- Macquarie Bank
- New Car Loan (Home Owner)
New Car Loan (Home Owner)
- $10k to $250k
- 1 to 5 years
- Variable Rate
- Secured
Interest rate p.a.
6.75%
Comparison rate* p.a.
8.21%
New Car Loan (Home Owner)
- $10k to $250k
- 1 to 5 years
- Variable Rate
- Secured
Interest rate p.a.
6.75%
Comparison rate* p.a.
8.21%
Calculate your repayments for this loan
$
Your estimated repayment
$591
based on 30000 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.
