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- Macquarie Credit Union
- Used Car Loan (Car < 10 Years)
Used Car Loan (Car < 10 Years)
- $1k to $80k
- 0 to 7 years
- Variable Rate
- Secured
Interest rate p.a.
10.70%
Comparison rate* p.a.
11.35%
Used Car Loan (Car < 10 Years)
- $1k to $80k
- 0 to 7 years
- Variable Rate
- Secured
Interest rate p.a.
10.70%
Comparison rate* p.a.
11.35%
Calculate your repayments for this loan
$
Your estimated repayment
$648
based on 30000 loan amount for 5 years at 10.70%
Pros and Cons
For Used Car Loan (Car < 10 Years)
Benefits
- No early exit penalty
- Unlimited extra repayments
- Flexible repayment options
- Can apply online
- Can apply in branch
Drawbacks
- Service fee charged
- Higher than average application fee
Macquarie Credit Union Rate Car Loan overview
For Used Car Loan (Car < 10 Years)
Details
Total repayments
$38,868
Interest rate type
Variable
Borrowing range
$1k - $80k
Security type
Secured
Loan term
0 to 7 years
Secured by
Vehicle
Loan type
Is Fully Drawn Advance
Repayment frequency
Weekly, Fortnightly, Monthly
Age of car
up to 10 years
Target Market Determination
Visit Macquarie Credit Union to view Target Market Determination.
Features
Extra repayments
Yes
Redraw facility
redraw activation fee of $0
Instant approval
Time to funding
N/A
Fees
Upfront fee
$200
Ongoing Fee
$5 Monthly
Missed payment penalty
$0
Early exit penalty fee
$0
Permitted Loan Purposes
New car
Used car
Motorcycle
Boat
Other Restrictions
Maximum 7 year loan term for vehicles under 7 years old. Maximum 5 year loan term for vehicles 8-10 years old.
