This strategic move aligns with Macquarie's decision to cease new car lending activities, allowing the bank to concentrate on enhancing its digital banking services. Ben Perham, Head of Personal Banking at Macquarie, emphasized the bank's commitment to providing superior digital experiences to its customers.
For existing borrowers, the transition to Allied Credit is anticipated to be seamless, with no immediate changes to loan terms or repayment structures. However, it's advisable for customers to stay informed and maintain open communication with Allied Credit to address any concerns during the transfer process.
This development reflects the dynamic nature of the Australian car finance market, highlighting the importance for consumers to stay vigilant and informed about their loan agreements and any institutional changes that may affect them.
Published: Wednesday 25th March, 2026
Please Note: If this information affects you or is relevant to your circumstances, seek advice from a licensed professional.
