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RACQ Car Loans

Are you an existing RACQ member looking to finance your next set of wheels? You’ll be pleased to know RACQ Bank has an irresistible offer for you. Not only can you get new or used car finance at a competitive rate, but you can also enjoy a suite of membership benefits. Plus, with an online loan application that only takes 10 minutes, getting what you want is a breeze.

Compare RACQ car loans and calculate repayments below to get things moving.

Calculate repayments

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

Car loan interest rates (base)6.17%

Car loan comparison rate6.72%

Monthly repayments (approx)$582

Total repayments (approx)$34,941

Total interest repayments (approx)$4,941

Rate typeFixed

Secured or unsecuredSecured

GO TO RACQ

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

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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

Car loan interest rates (base)8.95%

Car loan comparison rate9.52%

Monthly repayments (approx)$622

Total repayments (approx)$37,321

Total interest repayments (approx)$7,321

Rate typeFixed

Secured or unsecuredSecured

GO TO RACQ

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

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Pay ZERO fees on all loans with NOW Finance. That's right - no establishment fee, no monthly fees, no early payout fee on all loans between $15,000-$100,000. What's more, get your guaranteed, tailored interest rate in two minutes without impacting your credit score.

Overview

Application / establishment fees$0

Minimum loan amount$15,000

Maximum loan amount$100,000

Minimum term1.5 years

Maximum term7 Years

Car loan interest rates (base)4.45%

Car loan comparison rate4.45%

Monthly repayments (approx)$558

Total repayments (approx)$33,516

Total interest repayments (approx)$3,516

Rate typeFixed

Secured or unsecuredYes

GO TO Now Finance

Other Fees & Information

Monthly fee$0.0

Other fees$0

Missed payment fee$0

Repayment scheduleWeekly, Fortnightly

Early repayments allowedYes

Exit / early repayment feeYes

Encumberance/REVVS check fee$0

For used vehiclesYes

SponsoredYes

Telephone1300 275 669

Data accurate as of21/02/2021

GO TO Now Finance

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There's nothing quite like the thrill of buying a car, but one of the biggest challenges is finance. Ideally you'll want a car loan that offers flexibility and a low competitive rate, and is easy to apply for.

Overview

Application / establishment fees$399

Minimum loan amount$10,000

Maximum loan amount$100,000

Minimum term1 year

Maximum term7 years

Car loan interest rates (base)4.99%

Car loan comparison rate5.69%

Monthly repayments (approx)$566

Total repayments (approx)$33,960

Total interest repayments (approx)$3,960

Rate typeFixed

Secured or unsecuredSecured

GO TO NRMA

Other Fees & Information

Monthly fee$0.0

Other fees$0

Missed payment fee$0

Repayment scheduleFortnightly, Monthly

Early repayments allowedYes

Exit / early repayment fee$205 or 2% of outstanding balance (whichever the greater) at the time the final payout is made. Applies in the first three quarters of the original loan term only.

Encumberance/REVVS check fee$0

For used vehiclesNo

SponsoredYes

Telephone1300 732 398

Data accurate as of12/08/2020

GO TO NRMA

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A quick and easy, 100% online application. No printing. No paper. No fuss. No monthly account keeping fees, no exit fees and no early repayment fees.

Overview

Application / establishment fees$250

Minimum loan amount$2,001

Maximum loan amount$75,000

Minimum term1 year

Maximum term7 years

Car loan interest rates (base)5.35%

Car loan comparison rate5.65%

Monthly repayments (approx)$570

Total repayments (approx)$34,257

Total interest repayments (approx)$4,257

Rate typeFixed

Secured or unsecuredSecured

GO TO OurMoneyMarket

Other Fees & Information

Monthly fee$0

Other fees$0

Missed payment fee$35

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Exit / early repayment fee$0

Encumberance/REVVS check fee$27

For used vehiclesYes

SponsoredYes

Telephone1300 990 115

Data accurate as of30/04/2021

GO TO OurMoneyMarket

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NRMA used car loans can help you get one step closer to owning your dream pre-loved car.

Overview

Application / establishment fees$399

Minimum loan amount$10,000

Maximum loan amount$100,000

Minimum term1 year

Maximum term7 years

Car loan interest rates (base)6.24%

Car loan comparison rate6.94%

Monthly repayments (approx)$583

Total repayments (approx)$35,000

Total interest repayments (approx)$5,000

Rate typeFixed

Secured or unsecuredSecured

GO TO NRMA

Other Fees & Information

Monthly fee$0.0

Other fees$0

Missed payment fee$0

Repayment scheduleFortnightly, Monthly

Early repayments allowedYes

Exit / early repayment fee$205 or 2% of outstanding balance (whichever the greater) at the time the final payout is made. Applies in the first three quarters of the original loan term only.

Encumberance/REVVS check fee$0

For used vehiclesYes

SponsoredYes

Telephone1300 732 398

Data accurate as of12/08/2020

GO TO NRMA

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Minimum and maximum loan periods vary between 6 months and 10 years. Comparison interest rates vary between 6.55% and 19.07% p.a. Total interest repayments vary between $4,290 and $14,531 over the life of the loan. *Comparison rate is based on an unsecured loan of $30,000 for a term of 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. These rates can change without further notice. All rates quoted are per annum. For more information regarding fees click on "View fees & additional info +" for each product or contact the provider.

What type of car loan are you looking for?

RACQ car loans – Apply for low rate secured car finance

RACQ is Queensland’s largest club, and it has been representing the interests of local motorists since the early 1900s. Today, RACQ is still in the business of helping Queenslanders with road-related products, from insurance and roadside assistance to car parts and car finance.

While on the subject of car finance, check out these need-to-know details about RACQ car loans.

RACQ car loans in a nutshell

An RACQ car loan offers between $3,000 and $60,000. The maximum loan term is seven years for new car finance or five years for used car finance. To qualify, the car must not be older than 12 years by the time the repayment period expires.

  • Benefits. Flexible finance options such as no deposit and the ability to make unlimited extra repayments with no penalty.
  • Drawbacks. You have to pay an establishment fee and a document fee. There’s also no redraw facility for accessing your extra repayments.
  • Best for. Existing members looking for a competitively priced car loan and who don’t mind offering their car as security.

Please note, the RACQ car loan is only available to existing customers.

How do RACQ car loans work?

You may already be familiar with RACQ personal loans, but they work a little differently from car loans. For starters, personal loans cover many purposes, such as debt consolidation, home renovations, and weddings. On the other hand, RACQ Bank car loans are only meant to cover vehicle purchases, whether you’re buying a new or used car, boat, caravan, or jet ski.

Additionally, the car loans are secured, meaning the vehicle you’re buying acts as security for the debt, hence the lower interest rate. Also, note that RACQ car loans come with the following features:

  • Fixed interest rate. This is a no-surprises car loan with fixed repayments you can budget for ahead of time.
  • Weekly, fortnightly, or monthly repayments. Choose whichever option suits your pay cycle. If you start off with monthly repayments, it’s possible to increase the frequency of your repayments. You can also use our RACQ car loan calculator to tailor the repayment amount to your budget.
  • Unlimited additional repayments. RACQ allows you to make extra repayments on top of the required monthly minimum. The bonus is, there’s no penalty charge if you manage to pay out your debt at an earlier date.

Rates, fees, and charges

RACQ’s fixed rate car loan special comes with an interest rate of 5.49% p.a. Additionally, here’s what to expect when it comes to fees and charges:

  • Establishment fee – $395
  • Annual and monthly fees – $0
  • Additional repayment fee – $0
  • Early payout fee – $0
  • Document preparation fee – $82.50

What you’ll need

  • Must be single or joint application only.
  • Applicants must be at least 18 years of age and permanent residents of Australia.
  • Provide details about your employment, income, expenses, liability, and assets.
  • Applicants must not have declared bankruptcy or insolvency, and they must not have defaulted on any debts in the last five years.
  • Applicants must not have entered into any composition or arrangement for the benefit of creditors.

If you don’t fit this criteria, you can still contact RACQ to discover options applicable to you.

Applying for an RACQ Bank car loan online

  • Get the ball rolling. You can start the application process right here on this page by clicking the “Go to Site” button in the table above.
  • Complete the online application form. Filling in the required details in the car loan form takes not more than 10 minutes.
  • Finalise the process. Once RACQ reviews your application and gets back to you, you may be asked to provide supporting documents.
  • Accept the offer. If successful, you’ll receive more paperwork to complete and send back.
  • Get the cash. With the process complete, RACQ will then transfer the money into your bank account.

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