Important disclosure
10.70%
p.a
11.35%
p.a
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 $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.
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.