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The Mac - Used Car Loan

Secured | Variable | Cars up to 4 years old

The Mac Used Car Loan offers an advertised interest rate from 9.29% p.a. and a comparison interest rate from 9.67% p.a.. The Mac Used Car Loan is a Variable rate, Secured loan with a borrowing range of between $1,000 and $100,000 and a loan repayment term of between 1 and 7 years.

More The Mac Used Car Loan details can be found below or visit The Mac to learn more or apply.

Compare Car LoansProduct Image For The Mac - Used Car Loan - Secured | Variable | Cars up to 4 years old
A Secured loan with an advertised rate of 9.29% p.a. and comparison rate of 9.67% p.a.
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Advertised Rate

9.29% p.a. Variable

Comparison Rate

9.67% p.a.

Loan Term

1 to 7 years

Borrowing Range

$1,000 to $100,000
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Interest

Rate Type
Variable
Advertised Rate
9.29% p.a.
Variable
Comparison Rate
9.67% p.a.
Application Frequency
Monthly
Calculation Frequency
Daily

Loan Security

Loan Security
Secured
Secured By
Vehicle

Loan Terms

Loan Term
1 to 7
years
Borrowing Range
$1,000 to $100,000
Repayment
Monthly, Weekly, Fortnightly

Features

Extra Repayments Allowed
Yes
Redraw Available
Yes

Fees

Establishment Fee
$250
one off
Loan Service Fee
$0
per month
Early Repayment Fee
$0
per event

Who is the product designed for?

This product is suitable for retail clients who:

  • are seeking a loan for a used car, caravan, boat or motorbike
  • are aged 18 years or more and meet the credit assessment criteria for the product
  • are able and willing to offer acceptable security for the loan so as to secure a lower interest rate
  • need the flexibility to make additional repayments and a contractual right to redraw advance repayments as required

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