Depending on your loan type, your Payout Figure may be inclusive of various components. A general summary of payout figures by product type is shown below:

Consumer

(Consumer Loan)

Commercial

(Chattel Mortgage, Finance Lease, Novated Lease, Commercial Hire Purchase)

Payout figure consists of

  • Principal balance
  • Interest which has accrued daily since your last payment
  • Early termination fee
  • Financed insurance rebate (if applicable).

The payout figure is calculated as the present value of the sum of the following plus GST where applicable. To calculate the present value, the early termination rate/discount rate (as per the contract) is used.

  • Any and all amounts in arrears (if any); plus
  • The present value of the remaining instalments which haven’t yet become due under the contract; plus
  • The present value of the residual value or balloon payment; plus
  • Any fees and charges payable on termination.

Expiry of payout figure

Five days from the date quoted.

The day before your next payment is due.

Fee

Includes an early termination fee.

For contracts which commenced on or before 1 August 2017, this fee will be $750.00 reducing on a pro rata basis for each month of the loan term.

For contracts which commenced after 1 August 2017, the Early Repayment Fee will be $750.00 reducing on a pro rata basis for each month of the loan term, plus a fixed fee of $50.00.

No applicable early termination fee.


You may also request a Payout Breakdown Letter or a Payout Explanation Letter, which will outline how your payout figure has been calculated.

Was this helpful? Yes or No

Thank you. If you’d like to provide further feedback about your recent experience, please head to our Feedback and Complaints page.

Thank you. If you’d like to provide further feedback about your recent experience, please head to our Feedback and Complaints page.

Experiencing financial difficulty?

Where you feel you may not be able to meet your regular repayments or some other financial obligation, please contact us to see how we can work together towards a solution for you. 

Feedback and complaints

Everyone at Macquarie is commited to providing our clients with the highest standard of products and services available. If you have feedback we would like you to tell us about it. 

Help and support 

Have a question that hasn’t been answered?