Macquarie Bank Transfers $1.5 Billion Car Loan Portfolio to Allied Credit
Implications for Borrowers and the Australian Car Finance Landscape
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In July 2025, Macquarie Bank announced the sale of a $1.5 billion car loan portfolio to Allied Credit, a prominent independent financier in Australia.
This transaction involves over 50,000 car loans and is expected to be finalized by the fourth quarter of 2025.
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.
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Knowledgebase
Refinancing: The process of obtaining a new mortgage to replace an existing one, often to secure a lower interest rate.
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