Important disclosure

Macquarie Credit Union Car Loans

Loan Amount

$30,000

Term

5 months

Macquarie Credit Union

New Car Loan

EST Monthly Repayment
Advertised Rate
9.49%
Advert. Rate (p.a)
Comparison rate
Get the new car you want with this low rate car loan.
Macquarie Credit Union

New Car Loan 1-5 years old

EST Monthly Repayment
Advertised Rate
10.70%
Advert. Rate (p.a)
Comparison rate
With all the great features of our new car loan, this loan is designed for used cars over 5 years old.
Macquarie Credit Union

Used Car Loan 5 years +

EST Monthly Repayment
Advertised Rate
13.90%
Advert. Rate (p.a)
Comparison rate
With all the great features of our new car loan, this loan is designed for used cars over 5 years old.

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Minimum and maximum loan periods vary between 6 months and 10 years. Comparison interest rates vary between 6.55% and 19.07% p.a. Total interest repayments vary between $4,290 and $14,531 over the life of the loan. *Comparison rate is based on an unsecured loan of $30,000 for a term of 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. These rates can change without further notice. All rates quoted are per annum. For more information regarding fees click on "View fees & additional info +" for each product or contact the provider.

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Did you know you can compare 100s of car loans? Review, calculate interest rate repayments, apply online and save by visiting our main car loans comparison page.

Compare and review Macquarie Credit Union car loans

Looking to finance a new or used car, van, truck or motorcycle? When comparing Macquarie Credit Union car loans, there are other key facts to consider and understand, other than just Macquarie Credit Union’s interest rates.

What car loan options are available?

Macquarie Credit Union has 3 car loan products:

  • Macquarie Credit Union New Car loan
  • Macquarie Credit Union New Car loan 1 to 5 Years Old
  • Macquarie Credit Union New Car loan > 5 Years

View the above table for detailed product information and a comparison of the interest rates, fees and features.

You can also review and compare Macquarie Credit Union personal loansMacquarie Credit Union home loan and Macquarie Credit Union credit cards.

Do you have a Macquarie Credit Union car loans calculator?

Yes. Use the filter to adjust your loan amount and term to calculate your approximate monthly repayments. When you apply the filter, you will see a breakdown of your approximate monthly repayments as well as the total amount of interest and fees paid.

For a more accurate quote, contact Macquarie Credit Union directly.

How to apply for a Macquarie Credit Union car loan?

If you’d like to apply online for a Macquarie Credit Union car loan, just scroll up and click on “Learn more” to be taken to Macquarie Credit Union’s secure online application form. Before you apply, be sure to learn about Macquarie Credit Union’s loan products, fees and eligibility criteria. Give yourself around 30 minutes to complete the car loan application.

Macquarie Credit Union’s car loan eligibility criteria

Before you apply for a car loan, be sure to understand and meet the Macquarie Credit Union’s lending criteria. Below is high-level overview of Macquarie Credit Union’s criteria:

Macquarie Credit Union’s minimum requirements for a car loan

  • Minimum age of 18
  • Earn a minimum of $15,000 per annum
  • You’re buying a car or motorcycle for personal use
  • Minimum loan amount of $1,000 or more
  • You’re a permanent Australian resident or valid work visa holder (457 or other diplomatic visas)

Information you’ll need to provide

Whether at the Macquarie Credit Union branch or online, make sure to have the following details and documents nearby:

  • A current Australian driver’s license (if you have one)
  • Your current employer’s name, contact name and phone number
  • Previous employer, if you’ve changed jobs in the last three years
  • Income, expenses, assets and liabilities (such as other loans or credit cards)

Are you self-employed?

If you’re self-employed, you will also need to provide:

  • Financial statements for the last year (no older than 18 months)
  • Your most recent personal/business tax return (no older than 18 months)

Other things to keeping mind when applying

  • Approval time takes between 1 to 3 business days
  • It’s advantageous to have a good credit history. For example, you have no recent defaults and no frequent requests for credit
  • Credit cards with large credit limits are seen as liabilities, even if there’s nothing owing. If you have existing liabilities, be certain you can pay them off in addition to your Macquarie Credit Union car loan

There are many additional factors Macquarie Credit Union consider when accessing your application, but the above are the most important. If you feel like you may not meet their eligibility criteria, it may be best to save!

What can you use a Macquarie Credit Union car loan for?

Examples of common loan purposes Macquarie Credit Union will lend for:

Additional Macquarie Credit Union car loan information

Macquarie Credit Union’s minimum and maximum car loan amounts and terms

How much can you borrow? Between $1,000 and $80,000, over terms between 1 year and 5 years. Use our filter as a repayment calculator to see your monthly repayments and rates.

Repayment schedule

Macquarie Credit Union allow weekly, fortnightly or monthly repayment.

Extra repayment or early penalties

Macquarie Credit Union allows you to make additional or early repayments. There are no fees associated with completely repaying your loan off early. View their terms and conditions to learn more about early termination.

Security

Macquarie Credit Union’s Car Loans require an asset (typically, the vehicle) as security.

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