Important disclosure

RACV Car Loans

RACV car loans come with a Satisfaction Guarantee. Check out the product details below and compare repayment estimates to discover more green flags from this lender.

Your loan application will take 10 minutes – online, over the phone or in store.

Overview

Application / establishment fees$150

Minimum loan amount$1,000

Maximum loan amount$250,000

Minimum term1 year

Maximum term7 years

Car loan interest rates (base)5.99%

Car loan comparison rate6.55%

Monthly repayments (approx)$579

Total repayments (approx)$34,790

Total interest repayments (approx)$4,790

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

Telephone13 19 03

Data accurate as of02.04.2017

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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 $8,000-$100,000. What’s more, get your guaranteed, tailored interest rate in two minutes without impacting your credit score. ^Charges such as default or enforcement costs may apply if you do not comply with the terms of your loan.

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

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Other Fees & Information

Monthly fee$0.0

Other fees$0

Missed payment fee$35

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)5.50%

Car loan comparison rate5.85%

Monthly repayments (approx)$573

Total repayments (approx)$34,381

Total interest repayments (approx)$4,381

Rate typeFixed

Secured or unsecuredSecured

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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 of13/05/2020

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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)6.49%

Car loan comparison rate7.19%

Monthly repayments (approx)$586

Total repayments (approx)$35,210

Total interest repayments (approx)$5,210

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?

RACV car loans – Find the right loan for the right car

RACV isn’t just the face of emergency roadside service and motor insurance in Australia; it also comes to the rescue of car buyers who need to finance their purchase. The motoring organisation was founded in 1903 and currently has over 2 million members.

As a mutual, RACV offers more discounts and benefits on financial products than shareholder-based companies. RACV car loans are, for instance, competitively priced and offer a wide range of options. If you’ve already found your next dream car, here’s how RACV finance can help.

RACV car loans: Quick details

  • Minimum loan amount. $5,000
  • Length of loan term. From 1 to 7 years
  • Interest rate. From 4.99% (new car) or 5.99% (used)
  • Comparison rate. 5.69% (new) or 6.69% (used)
  • Interest rate type. Fixed

Features and benefits of car loans from RACV

RACV advertises their car loans as comprehensive, and the following long list of features explains why:

  • Secured. Your car’s value secures the debt, and you generally get a lower interest rate than some unsecured car loans on the market. However, keep in mind that your car might be repossessed if you default.
  • Fixed repayments. Because the interest rate never changes, you’ll have more peace of mind and easier budgeting.
  • Online application. RACV’s easy online application takes around 10 minutes.
  • Fast approval. RACV moves fast once they have your application. In most cases, you receive the money within 24 hours.
  • Loan purpose. You can finance a new car (under 2 years) or a used car (less than seven years).
  • Repayment options. You can make fortnightly or monthly repayments by direct debit or BPAY.
  • Fees and charges. There are no ongoing fees, but there’s a $499 upfront fee which is a bit steep compared to what other lenders charge. Other fees and charges may also apply.
  • 21-day Loan Satisfaction Guarantee. If you find an RACV car loan not up to your standard, you can still cancel the deal. RACV will refund any paid interest and waive any fees.
  • Membership. You automatically become a member once you purchase any renewable RACV product.
  • Years of membership benefits. Discounts are available depending on how long you’ve been an RACV member.
  • Financial hardship. If you have trouble repaying your debt at any time, RACV offers financial hardship assistance for repayments.

What else does RACV car finance offer?

RACV also offers caravan loans, business car loans, and car insurance. Besides car finance, you can also get an RACV personal loan. The cash is suitable for any goal, whether that involves installing a swimming pool in your backyard, going on an exotic vacation, or something else that’s equally satisfying,

How to apply for an RACV car loan

Give the RCV car loan calculator a go before applying to find an affordable repayment amount. Next, click “Go to Site” for the right option above. You’ll need to provide your driver’s licence and personal details as well as details about your employment, assets, liabilities, and income.

The application process is easily completed in 3 steps: First, fill in the form and then wait while RACV verifies your information. Finally, you get the money ASAP once approved.

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