RACQ Car Loans, Interest Rates & Fees - Best Find

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Car loan amount

Term of car loan

Features

Type of vehicle loan

Car finance provider

RACQ Car Loans

for $30,000 over 5 years
RACQ
6.99%
7.52%
$596.86

New Car Loans

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Rates from 6.99%*p.a Comparison Rate 7.52%^p.a

Overview

Application / establishment fees$150

Minimum loan amount$10,000

Maximum loan amount$100,000

Minimum term1 year

Maximum term7 years

Advertised rate6.99%

Comparison rate7.20%

Monthly repayments (approx)$596

Total repayments (approx)$35,811

Total interest repayments (approx)$5,811

Rate typeFixed

Secured or unsecuredSecured

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Other Fees & Information

Monthly fee$0.0

Other fees$0

Missed payment fee$0

Repayment scheduleMonthly

Early repayments allowedYes

Exit / early repayment fee$0

Encumberance/REVVS check fee$0

For used vehiclesNo

SponsoredNo

Telephone1300 361 316

Data accurate as of02.04.2017

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Comparison rate warning

Comparison rate calculated on a loan amount of $30,000 secured over a term of 5 years based on monthly repayments. Warning this comparison rate applies only to examples given. Different amounts and terms will result in different comparison rates. Costs such as a redraw or early repayment fees and cost savings such as fee waivers are not included in the comparison rate, but may influence the cost of the loan.

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RACQ
9.45%
10.00%
$632.47

Used Car Loans

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Rates from 9.45%*p.a Comparison Rate 10.00%^p.a

Overview

Application / establishment fees$150

Minimum loan amount$5,000

Maximum loan amount$60,000

Minimum term1 year

Maximum term7 years

Advertised rate9.45%

Comparison rate9.66%

Monthly repayments (approx)$632

Total repayments (approx)$37,948

Total interest repayments (approx)$7,948

Rate typeFixed

Secured or unsecuredSecured

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Other Fees & Information

Monthly fee$0.0

Other fees$0

Missed payment fee$0

Repayment scheduleMonthly

Early repayments allowedYes

Exit / early repayment fee$0

Encumberance/REVVS check fee$0

For used vehiclesNo

SponsoredNo

Telephone1300 361 316

Data accurate as of02.04.2017

GO TO RACQ

Comparison rate warning

Comparison rate calculated on a loan amount of $30,000 secured over a term of 5 years based on monthly repayments. Warning this comparison rate applies only to examples given. Different amounts and terms will result in different comparison rates. Costs such as a redraw or early repayment fees and cost savings such as fee waivers are not included in the comparison rate, but may influence the cost of the loan.

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ANZ
7.30%
8.15%
$605.37

ANZ Secured Car Loan

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Special online only rate: 7.30% p.a. online fixed rate for an ANZ Secured Car Loan (8.15% p.a. comparison rate)

Overview

Application / establishment fees$350

Minimum loan amount$7,500

Maximum loan amount$500,000

Minimum term1 years

Maximum term7 years

Advertised rate7.30%

Comparison rate7.80%

Monthly repayments (approx)$605

Total repayments (approx)$36,322

Total interest repayments (approx)$6,322

Rate typeFixed

Secured or unsecuredSecured

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Other Fees & Information

Monthly fee$5.0

Other fees$0

Missed payment fee$20

Repayment scheduleMonthly

Early repayments allowedYes

Exit / early repayment fee$50+

Encumberance/REVVS check fee$0

For used vehiclesYes

SponsoredYes

Telephone1300 365 652

Data accurate as of13.09.2017

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Comparison rate warning

This comparison is for an ANZ Secured Car Loan with an amount financed of $30,000 and a term of 5 years. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

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RateSetter
8.60%
9.70%
$618.65

Personal Loan

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Quick and easy car finance. Fast online application and friendly customer service. Secured and unsecured car loan terms from 6 months to 5 years.

Overview

Application / establishment fees$75

Minimum loan amount$2,001

Maximum loan amount$45,000

Minimum term0.5 years

Maximum term5 years

Advertised rate8.60%

Comparison rate8.72%

Monthly repayments (approx)$618

Total repayments (approx)$37,119

Total interest repayments (approx)$7,119

Rate typeFixed

Secured or unsecuredUnsecured

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Other Fees & Information

Monthly fee$8.0

Other fees$0

Missed payment fee$0

Repayment scheduleMonthly

Early repayments allowedYes

Exit / early repayment fee$0

Encumberance/REVVS check fee$0

For used vehiclesYes

SponsoredYes

Telephone1300 768 710

Data accurate as of17.09.2017

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Comparison rate warning

RateSetter personal loan repayment terms range from 6 months to 5 years. Interest rates range from 3.7% (comparison rate 10.01%) to 9.6% (comparison rate 11.45%), subject to change depending on the rates offered by lenders in our Lending Markets. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

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Compare 100s of car loans

Did you know you can compare 100s of car loans? Review, calculate interest rate repayments, apply online and save by visiting our main car loans comparison page.

Compare and review RACQ car loans

Looking to finance a new or used car, van, truck or motorcycle? When comparing RACQ car loans, there are other key facts to consider and understand, other than just RACQ’s interest rates.

What car loan options are available?

RACQ has 2 car loan products:

  • RACQ New Car loan
  • RACQ Used Car loan

View the above table for detailed product information and a comparison of the interest rates, fees and features.

Do you have an RACQ car loans calculator?

Yes. Use the filter to adjust your loan amount and term to calculate your approximate monthly repayments. When you apply the filter, you will see a breakdown of your approximate monthly repayments as well as the total amount of interest and fees paid.

For a more accurate quote, contact RACQ directly.

How to apply for an RACQ car loan?

If you’d like to apply online for an RACQ car loan, just scroll up and click on “Learn more” to be taken to RACQ’s secure online application form. Before you apply, be sure to learn about RACQ’s loan products, fees and eligibility criteria. Give yourself around 30 minutes to complete the car loan application.

RACQ’s car loan eligibility criteria

Before you apply for a car loan, be sure to understand and meet the RACQ’s lending criteria. Below is high-level overview of RACQ’s criteria:

RACQ’s minimum requirements for a car loan

  • Minimum age of 18
  • Earn a minimum of $15,000 per annum
  • You’re buying a car or motorcycle for personal use
  • Minimum loan amount of $10,000 or more
  • You’re a permanent Australian resident or valid work visa holder (457 or other diplomatic visas)

Information you’ll need to provide

Whether at the RACQ branch or online, make sure to have the following details and documents nearby:

  • A current Australian driver’s license (if you have one)
  • Your current employer’s name, contact name and phone number
  • Previous employer, if you’ve changed jobs in the last three years
  • Income, expenses, assets and liabilities (such as other loans or credit cards)

Are you self-employed?

If you’re self-employed, you will also need to provide:

  • Financial statements for the last year (no older than 18 months)
  • Your most recent personal/business tax return (no older than 18 months)

Other things to keeping mind when applying

  • Approval time takes between 1 to 3 business days
  • It’s advantageous to have a good credit history. For example, you have no recent defaults and no frequent requests for credit
  • Credit cards with large credit limits are seen as liabilities, even if there’s nothing owing. If you have existing liabilities, be certain you can pay them off in addition to your RACQ car loan

There are many additional factors RACQ consider when accessing your application, but the above are the most important. If you feel like you may not meet their eligibility criteria, it may be best to save!

What can you use an RACQ car loan for?

Examples of common loan purposes RACQ will lend for:

Additional RACQ car loan information

RACQ’s minimum and maximum car loan amounts and terms

How much can you borrow? Between $10,000 and $100,000, over terms between 1 year and 7 years. Use our filter as a repayment calculator to see your monthly repayments and rates.

Repayment schedule

RACQ allow weekly, fortnightly or monthly repayment.

Extra repayment or early penalties

RACQ allows you to make additional or early repayments. There are no fees associated with completely repaying your loan off early. View their terms and conditions to learn more about early termination.

Security

RACQ’s Car Loans require an asset (typically, the vehicle) as security.