Macquarie's personal lending position
Macquarie's strength in retail personal lending is concentrated in secured car finance and asset finance, not unsecured consumer term loans. The Macquarie consumer car loan is one of the more competitive secured personal lending options in the Australian market for prime borrowers, particularly when the loan is arranged through an accredited broker.
Macquarie does not currently market a standalone unsecured personal loan to the same degree as the Big 4. Borrowers seeking unsecured personal loans through Macquarie typically end up at a partner lender or are redirected to a specialist non-bank personal loan provider.
When the Macquarie car loan is the right pick
The Macquarie secured car loan competes strongly against dealer finance and against the major bank secured car loan products. For prime-credit borrowers buying a new or near-new vehicle through a broker channel, Macquarie frequently surfaces a sharper rate than the Big 4 secured car loan equivalent.
The product is genuinely differentiating from dealer finance, which is convenient but rarely the sharpest option. Going through a broker who quotes Macquarie alongside the Big 4 and specialist car finance lenders is the typical access path for the best rate.
Commercial asset finance
For business buyers, Macquarie has a deeper asset finance capability covering chattel mortgage, hire purchase and finance lease across motor vehicles, commercial vehicles, and a wide range of equipment. The product is commonly used by SME borrowers buying business vehicles, plant, and equipment with finance structured to optimise tax treatment.
The 2026 federal Budget made the $20,000 instant asset write-off permanent for small businesses under $10 million turnover; for an SME buying an asset above that threshold, the chattel mortgage versus finance lease decision turns on the GST treatment and the cash flow profile. A specialist broker walks through both structures at the quote stage.
When to look elsewhere
For unsecured personal loans, Macquarie is not the right starting point. Look at Big 4 unsecured products (where existing banking relationship matters), customer-owned banks (frequently sharpest published rate), or specialist non-bank consumer lenders (depending on credit tier). For secured car finance specifically, Macquarie is genuinely competitive.
Product lineup at a glance
Below is the current published product range. Rates are not listed inline because they change with the cash rate and per-borrower credit overlay. Click through to the lender's own rate card for the live figure.
The honest pros and cons
- Genuinely competitive secured car loan rates for prime borrowers
- Strong commercial asset finance capability for SME borrowers
- Fast digital application and settlement on clean files
- No retail branch network costs reflected in pricing
- Not a vanilla unsecured personal loan provider
- Access is primarily through accredited brokers, not direct retail
- No flexible draw-down or revolving credit
- Smaller retail brand awareness for consumers who default-think Big 4
Frequently asked questions
Does Macquarie offer unsecured personal loans?
Not directly to retail consumers in the same way as the Big 4. Macquarie's consumer lending focuses on secured car finance and commercial asset finance. For unsecured personal loans, consider the Big 4 or specialist non-bank consumer lenders.
What is the Macquarie car loan rate?
Macquarie publishes secured car loan rates on its car loan page. The actual rate that applies depends on the loan amount, vehicle age and type, and your credit profile. A broker on the Macquarie panel can quote the specific rate that applies to your file.
Can I get a Macquarie car loan without going through a broker?
Macquarie does accept some direct retail applications for its consumer car loan, but the bulk of its consumer car finance volume comes through accredited brokers. A broker comparing Macquarie against multiple lenders often surfaces the same Macquarie rate with the added value of cross-lender comparison.
Is Macquarie chattel mortgage good for business asset purchases?
Macquarie has one of the stronger commercial asset finance offerings in the Australian market for SME borrowers buying vehicles and equipment. The product range covers chattel mortgage (GST-claimable in advance), hire purchase, and finance lease. The structure decision depends on the borrower's tax position and cash flow profile.
Does Macquarie do EV novated lease?
Macquarie partners with major novated lease providers to fund electric vehicle novated leases. The FBT exemption continues to apply to eligible EVs under the 2022 legislation; we covered the detail in our EV novated lease guide.