Macquarie Bank Shifts Strategy: Exits Car Loans to Prioritise Mortgages

Understanding Macquarie's Strategic Move and Its Implications for Borrowers

In a significant strategic shift, Macquarie Bank has announced its decision to cease offering car loans, redirecting its focus towards expanding its mortgage and deposit services.

This move is set to result in the loss of approximately 100 jobs within the bank's automotive lending division.

Effective immediately, Macquarie will no longer provide automotive loans under its own brand. Brokers have been given a 48-hour window to submit any final car loan applications, with the product being phased out for brokers by mid-May.

This decision underscores Macquarie's commitment to strengthening its position in the mortgage market, aiming to capture a larger share by reallocating resources from its automotive lending operations. For consumers, this means one less major player in the car loan market, potentially leading to reduced competition and fewer financing options.

Borrowers currently holding car loans with Macquarie are advised to review their loan terms and consider refinancing options if necessary. It's essential to stay informed about such industry changes to make well-informed financial decisions.

Published:Thursday, 9th Oct 2025
Source: Paige Estritori

Share this news item:

Finance News

Westpac's Limited-Time Offer: $0 Establishment Fee on Motorcycle Loans

07 Oct 2025: Paige Estritori

Westpac has announced a promotional offer for individuals seeking to finance their motorcycle purchases. Until 30 October 2025, the bank is waiving the $250 establishment fee on its unsecured personal loans for motorcycles. This initiative aims to make motorbike ownership more accessible and affordable for Australians. - read more

National Finance and Loans Joins Forces with Honda Racing Australia

07 Oct 2025: Paige Estritori

National Finance and Loans (NFAL) has entered into a multi-year partnership with Honda Racing Australia, marking a significant collaboration in the Australian motorcycle racing scene. This alliance was unveiled at the final round of the Australian Supercross Championship, where NFAL assumed title rights for rider Alex Larwood's #5 entry. - read more

Plenti's Competitive Motorbike Loans: Finance Your Dream Ride

07 Oct 2025: Paige Estritori

Plenti, a multi-award-winning personal lender, has introduced motorbike loans with interest rates starting from 6.28% per annum. This offering is designed to assist Australians in financing their dream motorcycles, whether new or used. - read more

Australian Banks Lower Interest Rates Amid RBA's Policy Easing

29 Sep 2025: Paige Estritori

In a significant move affecting borrowers nationwide, Australia's major banks have reduced their interest rates following the Reserve Bank of Australia's (RBA) recent policy easing. This development is particularly relevant for individuals seeking motorbike financing, as it may lead to more favorable loan terms. - read more

Click for more Finance News

Bike Loans Articles

How to Improve Your Chances of Loan Approval for a Motorcycle

Getting ready to purchase a motorcycle is an exciting experience, but if you're planning to finance this dream with a loan, it's essential to understand the process. Securing a motorcycle loan can seem daunting, yet being well-prepared can significantly influence your success. - read more

How to Compare Motorcycle Loans: A Step-by-Step Process

Motorcycle loans have become an essential financial tool for many Australians looking to hit the open road on two wheels. With a growing popularity of motorcycles, understanding the ins and outs of financing these vehicles is crucial. In Australia, there are various loan options available, each tailored to different needs and circumstances. - read more

The Pros and Cons of Owning a Sport Motorbike as an Aussie Female Rider

When it comes to motorcycles, there are many different types to choose from. One type that has gained popularity among Australian female riders is the sport motorbike. In this article, we will explore what a sport motorbike is, why some female riders prefer them, and weigh the pros and cons of owning one. - read more

Tips for Negotiating Favorable Motorcycle Loan Terms in Australia

When it comes to purchasing a new motorcycle, securing favorable loan terms is essential for a smooth and affordable financial transaction. Negotiating motorcycle loan terms allows you to have better control over interest rates, loan duration, and repayment conditions, ultimately ensuring that you secure the best possible deal. - read more

Start Here

Knowledgebase

Adjustable-Rate Mortgage (ARM) Cap:
A limit on how much the interest rate or the payment can change for an Adjustable-Rate Mortgage.

This website is owned and operated by Clark Family Pty Ltd (as Trustee for the Clark Family Trust) 43 Larch Street Tallebudgera QLD 4228, A.C.N. 010281008, authorised credit representative of Saccasan Pty Ltd, Australian Credit License 386297. Visit the ASIC website for additional licensing information.

IMPORTANT: We are neither authorised nor licensed to provide finance or financial products and we do not offer any form of credit or other financial advice. All product enquiries and requests for financial and/or other advice on this website are referred to third party intermediaries, insurers and lenders - with whom you can then deal directly. We may receive a fee or commission from these third parties in consideration for the referral. Before any action is taken to obtain a product or service referred to by this website, advice should be obtained (from either the third party to whom we refer you or from another qualified intermediary) as to the appropriateness of obtaining those products having regard to your objectives, financial situation and needs. Whilst we have our own process for vaidating the legitimacy of our referral partners, you should always verify the credentials of your financial adviser before proceeding with recommendations that they may present. Visit the ASIC website for further information.

Macquarie Bank Shifts Strategy: Exits Car Loans to Prioritise Mortgages

Understanding Macquarie's Strategic Move and Its Implications for Borrowers

Share this news item:

START HERE.