As part of Macquarie Banking and Financial Services Group's focus on delivering market-leading digital experiences in its core home loans and deposits offerings, we have taken the decision to cease new car lending through our direct, broker and novated leasing channels.
This decision has no impact on existing customers, and we will continue to service all existing car loan and novated leasing customers through the duration of their loans.
"This decision will enable us to further prioritise the growth of our home loan and deposit offerings. Our leading digital experiences for those products are built on best-in-class technology platforms and we see significant opportunity to continue investing in them to attract more customers to Macquarie", said Macquarie's Head of Personal Banking, Ben Perham.
For our direct channel, applications submitted by 22 April 2024, if approved, will be required to settle before 5pm AEST, 17 May 2024.
For our broker and novated leasing channels, applications submitted by 5pm AEST 24 April 2024, if approved, will be required to settle before 5pm AEST, 17 May 2024.
