Important disclosure

Macquarie Credit Union

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

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

10.70%

p.a

Comparison Rate*

11.35%

p.a

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Australian Credit Licence 241132Fees & charges apply

Calculate your repayments for this loan

$

Your estimated repayment

$648

based on $30,000 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

Macquarie Credit Union Rate Car loan overview

For Used Car Loan (Car < 10 Years)

Details

Total repayments

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.

How to apply

If you'd like to apply for this product or just get more information, follow the application process on Macquarie Credit Union.