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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

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The Australian marine industry has reached a remarkable economic milestone, with its output soaring to $229 billion in 2023. This 19% increase from previous years underscores the sector's robust growth and its pivotal role in the national economy. - read more

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Marine Structures, Australia's leading marine infrastructure provider, has successfully completed a multi-million-dollar upgrade of the Coffs Harbour Marina. This significant development delivers a world-class boating facility to the New South Wales coast, enhancing the experience for both local and visiting boating enthusiasts. - read more

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Australians Leverage Boat Rentals to Offset Rising Living Costs

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Advocating for a National Strategic Fleet to Strengthen Australia's Maritime Industry

26 Sep 2025: Paige Estritori

Australia's maritime industry is at a crossroads, with only nine Australian-crewed ships currently in operation. This decline has prompted calls for the establishment of a National Strategic Fleet to secure supply chains and revitalize the sector. - read more

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Macquarie Bank Shifts Strategy: Exits Car Loans to Prioritise Mortgages

Understanding Macquarie's Strategic Move and Its Implications for Borrowers

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