Macquarie Bank car loans

Macquarie Bank provides secured car loans suitable for car purchasers looking for a new and used vehicles. This bank particularly suits borrowers who prefer a lender that can offer extra services.

You can borrow between $10,000 and $250,000 and pay it off over a maximum loan term of seven years.

Macquarie Bank charges a one-off establishment fee on its car loans, as well as a monthly fee. But you can pay off your loan early without being penalised. Borrowers can choose to reduce their regular repayments by paying a one-off lump sum at the end of the loan. This is known as a ‘balloon payment’.

This lender tailors its car loan rates according to your financial situation and credit history. But as it is a big bank, its rates may not be the lowest on the market.

Customers can contact Macquarie Bank by phone, or make an online enquiry. Macquarie Bank’s phone line is in operation from 9am to 5pm (AEST/ADST) on weekdays.

• Must be over the age of 18
• Must be a permanent resident of Australia

You can get an indicative quote from Macquarie Bank and apply for a car loan through their website. Applications may be processed in as little as 24 hours.

1. Go to Macquarie Car Loans.
2. Select ‘Get a tailored quote’.
3. Review your indicative quote and repayment.
4. If you’re happy with it, fill in and submit an application. Or you may come back to the quote within five days.
5. You will be contacted through email and phone by a dedicated finance specialist.

Alternatively, you can give them a call to speak with a car loan specialist.

Macquarie Bank provides borrowers a range of tailored car loans. Customers can borrow between $10,000 and $250,000, with a maximum term of seven years.

Macquarie Bank charges several fees, including an establishment fee and monthly fees. However, customers can pay their loan early without penalty.

Borrowers may find Macquarie Bank appealing if they prefer a lender with extra services. For example, car buying specialists at Macquarie Bank may be able to negotiate on your behalf, book test drives and, if you are trading in, help you get your vehicle valued.

The interest rate you can get at Macquarie Bank may vary. This lender tailors its rates according to the customer’s financial situation. This means those with better credit histories and/or a property may be eligible for a better interest rate, while borrowers with poorer credit histories and/or no property may face a higher interest rate.

If you’re looking for the best car loan for you, it’s worthwhile to compare interest rates and features from several different lenders.