contact RACV on 13 72 28. Call 13 15 60 for financial services.
email this page
print this page

Car loans

key in car

New car loans from 6.99%*pa

Comparison rate 7.49%^pa

Need a loan to buy your dream car? At RACV we’re committed to helping you understand our loans and making sure you end up with the option that best suits your needs. That's why all of our consumer car loans are backed with a no penalty, 21 day Loan Satisfaction Guarantee^. Apply online now and make your dream car a reality.

You can get fast over the phone approval. We also provide pre-approvals so that you can bargain to your best advantage, knowing exactly how much you have to spend.

Find out about our car loans:

Features of our car loans
Our loans do not have any ongoing fees.
In most cases our speedy approval process will take no longer than 5 business hours.
When you take out an RACV Car or Personal Loan you may receive a saving on your annual RACV Comprehensive Car Insurance during the term of your loan.
RACV Warranty offers you extended cover on your vehicle, giving you greater peace of mind when choosing your vehicle. You can choose between three types of cover for one, two or three years. Refer to the RACV Warranty Product Brochure and RACV Warranty PDSfor further information.
Credit Protection is an optional insurance cover that can pay your loan repayments if you are unable to work because of illness, injury or involuntary unemployment. Credit Protection can also protect your estate from repayment of the loan in the unfortunate event of your death.

Credit Protection is issued by St Andrew's Insurance (Australia) Pty Ltd ABN 89 075 044 656 AFSL 239649 and St Andrew's Life Insurance Pty Ltd ABN 98 105 176 243 AFSL 281731. Policy terms and conditions apply. Please consider the Product Disclosure Statement, available from RACV, before deciding to purchase Credit Protection. R.A.C.V. Finance Limited ABN 82 004 292 291 will receive a commission of up to 20% of the premium for insurance arranged.
In the event of an accident and a car being declared a total loss, and the comprehensive motor vehicle insurance payout not covering the balance of the finance still owing, the car owner will be liable for the shortfall, which could be thousands of dollars. Autosure Protection helps to protect the car owner against this shortfall by covering the loan balance still owing to your finance provider if the payout from your comprehensive insurer is not sufficient to cover the remaining balance.

Autosure Protection is issued by St Andrew's Insurance (Australia) Pty Ltd ABN89 075 044 656 AFSL 239649. Policy terms and conditions apply. Please consider the Product Disclosure Statement, available from RACV, before deciding to purchase Autosure Protection. R.A.C.V. Finance Limited ABN 82 004 292 291 will receive a commission of up to 54% of the premium for insurance arranged.

Apply for a loan

For an RACV Car Loan, you can:

Upon approval of your personal or car loan application

Once approved we will be in touch to arrange the settlement of your loan, in many cases money can be within your hands in a little as 24 hours.

How to make repayments

With the convenience of direct debit, loan repayments will be automatically debited from your nominated bank account each fortnight or month. Extra repayments can be made at any stage during your loan via Bpay.

Personal and car loans fees, terms and conditions

Principal and interest payments only .

All applications are subject to RACV Finance lending criteria.
 

Business car loans

RACV Finance now offers business car loans call 13 15 60 for more information.
 

^ The RACV Finance Loan Satisfaction Guarantee terms:

If you are not completely satisfied with your RACV Finance personal loan, you can return the full loan amount and, if the loan is paid out and finalised within 21 days from the date the loan was funded RACV Finance will:

  • refund all application fees and any interest charged;
  • waive the early termination fee (ETF); and
  • cancel any Consumer Credit Insurance or Shortfall Insurance policy taken out and refund all premiums to the loan, product coverage will cease.               

The Satisfaction Guarantee is not available in conjunction with commercial loan products, leases or loans introduced by Brokers/Dealers.

Offer available until 31 March 2015 unless otherwise notified

 

*Conditions, fees and charges apply. Rate subject to change without notice. ^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 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. Subject to RACV lending criteria. Australian credit licence 391488.Years of membership benefit discount does not apply to the advertised new car loan interest rate.

share this page
submit to Digg!Digg  
submit to redditReddit  
follow us on twitter