Finance Australia
... financing Australian dreams
Finance Australia :: News
SHARE

Share this news item!

Macquarie Bank Ends New Car Loan Services to Enhance Home Loan Offerings

Strategic Shift Aims to Strengthen Bank's Position in Home Loan Market

Macquarie Bank Ends New Car Loan Services to Enhance Home Loan Offerings?w=400

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

Macquarie Bank has announced a strategic decision to cease offering new car loans through its direct, broker, and novated leasing channels.
This move is part of the bank's broader strategy to concentrate on expanding its home loan and deposit services.

Ben Perham, Head of Personal Banking at Macquarie, stated that this decision will enable the bank to further prioritize the growth of its home loan and deposit offerings. He emphasized that their leading digital experiences for these products are built on best-in-class technology platforms, presenting significant opportunities for continued investment to attract more customers to Macquarie.

Existing car loan and novated leasing customers will not be affected by this change and will continue to receive support until their agreements conclude. For the direct channel, applications submitted by April 22 must be settled by May 17, if approved. For the broker and novated leasing channels, applications submitted by April 24 should be settled by May 17.

This strategic shift reflects Macquarie's focus on strengthening its position in the home loan market, leveraging its technological capabilities to enhance customer experiences and expand its customer base.

Published:Tuesday, 20th Jan 2026
Source: Paige Estritori

Please Note: If this information affects you, seek advice from a licensed professional.

Share this news item:

Finance News

Zone RV's Financial Collapse Exposes $40 Million Debt
Zone RV's Financial Collapse Exposes $40 Million Debt
20 Jan 2026: Paige Estritori
The recent collapse of luxury caravan manufacturer Zone RV has sent shockwaves through the Australian caravan industry. Based in Coolum on Queensland's Sunshine Coast, the company entered voluntary administration, revealing debts amounting to approximately $40 million. This development has left around 240 employees unemployed and approximately 180 customers uncertain about the status of their purchases. - read more
thl Closes Brisbane RV Factory, Relocates Production to New Zealand
thl Closes Brisbane RV Factory, Relocates Production to New Zealand
20 Jan 2026: Paige Estritori
Tourism Holdings Limited (thl), a prominent player in the recreational vehicle (RV) industry, has announced the closure of its Brisbane manufacturing facility, effective December 19, 2025. This decision results in the loss of approximately 110 Australian jobs and signifies a strategic shift, with all production being relocated to New Zealand. - read more
RV Essentials Australia Reports Significant Growth and Bunnings Partnership
RV Essentials Australia Reports Significant Growth and Bunnings Partnership
20 Jan 2026: Paige Estritori
RV Essentials Australia, a Melbourne-based manufacturer of caravan accessories, has announced a remarkable year of expansion, marked by a 132% increase in revenue and the servicing of over 15,000 customers. This growth is further underscored by the company's recent inclusion in Bunnings Marketplace, a significant achievement that places it among a select group of caravan accessory brands on the platform. - read more
Click for more Finance News


Finance Articles

Debt Consolidation: How to Streamline Your Finances with a Personal Loan
Debt Consolidation: How to Streamline Your Finances with a Personal Loan
Debt consolidation is a strategy often utilized by individuals seeking to take control of their financial health. At its core, debt consolidation involves combining multiple debts into a single, more manageable loan, typically with more favorable terms such as a lower interest rate or a longer repayment period. - read more
Maximizing Your Borrowing Power: Strategies for Home Loan Comparison
Maximizing Your Borrowing Power: Strategies for Home Loan Comparison
When you're on the journey to owning your dream home, securing the right home loan is as critical as choosing the perfect location. The benefits of using online home loan calculators can't be overstated, as they wield the power to illuminate the murky depths of mortgage rates, terms, and payments with surprising precision. - read more
Online Home Loan Calculators: How to Use Them in Your Loan Comparison
Online Home Loan Calculators: How to Use Them in Your Loan Comparison
Welcome to the world of savvy home financing! Whether you’re a first-time homebuyer or seasoned investor, navigating the ocean of home loan options can be daunting. In this digital era, one tool stands out for its effectiveness in simplifying this journey: the online home loan calculator. - read more


Free Loan Eligibility Assessment

Loan Amount:
Postcode:

All quotes are provided free and without obligation by a specialist from our national broker referral panel. See our privacy statement for more details.


Knowledgebase
Revolving Credit:
A type of credit that does not have a fixed number of payments, in contrast to installment credit.

|   HOME   |   RATES   |   CALCULATORS   |   NEWS   |   ARTICLES   |   ABOUT   |   CONTACT   |   PRIVACY   |   BROKERS   |   SITEMAP   |  
This website is owned and operated by Clark Family Pty Ltd (ACN 010 281 008) as Trustee for the Clark Family Trust (ABN 35 957 893 714), 43 Larch Street Tallebudgera QLD 4228. Clark Family Pty Ltd is an Authorised Representative (AR 1298860) of Unique Group Broker Services Pty Ltd (AFSL 509434) for financial product referrals and an Authorised Credit Representative (ACR 401491) of Saccasan Pty Ltd (ACL 386297). Check our licensing details on the ASIC registers: Clark Family Pty Ltd ACR, Clark Family Pty Ltd AR, Saccasan Pty Ltd, Unique Group Broker Services.