With RACV's wide range of car finance options and our handy car loan calculator, you can buy a new or used car sooner. It's quick and easy to apply and, when you apply directly to RACV, all car loans come with RACV's 21-day Loan Satisfaction Guarantee^^.
Choose from loan options for new cars, second hand cars, electric vehicles or caravans.
Prepare for the best with an RACV car loan, WeMoney's 2025 Electric Car Loan of the Year and Best for Flexibility – Personal Loans finalist.
Get free RACV premium roadside assistance when you apply for a car loan directly through RACV†.
^Important information about the comparison rate.
Apply online or call 13 15 60. Have personal details, income, assets and expenses ready. Include car details if available.
We'll review the application and get back to you as quickly as possible.* Pre-approval available before you decide on your car.
Still searching? Compare cars with our expert reviews, price guide and data insights on RACV Car Match.
Once approved, we’ll call you to work out the details. When your car is ready, you should get funds within 24 hours.
Estimate your monthly or fortnightly repayments on your car loan^.
You can also choose to pay weekly.
Our 21-day Loan Satisfaction Guarantee^^ gives you peace of mind.
If you take out a consumer loan with RACV Finance and are not completely satisfied, you can repay the borrowed amount within 21 days and we'll cancel your loan without penalty. We'll also refund any interest and waive fees.
* R.A.C.V. Finance Limited ABN 82 004 292 291 Australian Credit Licence No. 391488. RACV Finance is subject to RACV lending criteria. Conditions, fees and charges apply.
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RACV Finance also provides RACT Car Loans.
^ 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 is only true for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts will result in a different comparison rate.
** Years of Membership benefit applies to all consumer loan applications (subject to approval) made directly through RACV. Any loan application introduced through a broker/intermediary will not be able to receive the discount.
^^ 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.
485 Bourke St, Melbourne VIC 3000
A Target Market Determination is a document which describes who a product is appropriate for (target market), and any conditions around how the product can be distributed to customers. It also describes the events or circumstances where we may need to review the Target Market Determination for a loan product. View the Target Market Determination for RACV Secured Personal Loan (197kB), RACV Unsecured Personal Loan (184kB), and RACV Green Car Loan (PDF 194kB).
† Only available with car and motorcycle loans with a Victorian residential address. Limit of one Total Care plan per settled loan contract, set up in name of the borrower first listed in the contract. Renewal after complimentary period has ended will be on standard pricing as at time of renewal. Loan applications introduced by a broker/intermediary are not eligible for this offer. Total Care eligibility and benefits apply per standard Emergency Roadside Assistance Terms and Conditions.
Find out more about RACV Total Care Roadside Assistance.
You can apply online or call us on 13 15 60.
You'll need to supply your personal details, including your driver licence number, employment details, assets, liabilities, income and expenses. We will verify this information after we've reviewed your application.
Here's what makes you eligible for a car loan:
If you don't fit the eligibility criteria above, call our team on 13 15 60 for further assistance on progressing your application.
For more information, read the Target Market Determination for RACV Secured Personal Loan.
You'll be able to borrow a minimum of $5,000.
Factors like employment history, credit score, expenses and liabilities may determine the borrowing amount for a loan.
Fixed rate is an interest rate that remains the same for the entire duration of your loan.
A comparison rate combines the interest rate and certain fees or charges relating to a loan. The aim of the comparison rate is to help you find the true cost of a loan.
By direct debit or BPAY. Loan repayments will automatically be taken from your chosen bank account every week, fortnight or month depending on your preference.
We understand anyone can experience financial difficulty. Different life events like illness, losing a job, relationship breakdown or emergency events like natural disasters can cause you to experience financial hardship. If you're unable to make repayments, learn more about financial hardship and how RACV can help.
Basically, a balloon payment is an agreed lump sum you'll pay at the end of your car loan's term. This larger payment at the end of your vehicle's financing term will reduce your monthly repayments in the meantime.
Keep in mind, a balloon payment includes the lump sum plus interest.
Once you've found a vehicle and are ready to purchase through private sale, we'll help verify the asset and get the process moving.
Here's what will happen:
Our process means you'll have peace of mind with the accuracy and security of the private car deal, and can drive away in your new car sooner.
Here are some things to keep in mind:
Dealers and brokers
While it might look like they're giving you a lower rate, they often charge additional fees. These fees make your monthly repayments higher.
Manufacturer 0% and 2% finance
Low interest rates sound great but there's usually a catch. The lower the rate, the less you may be able to negotiate on the vehicle purchase price. Always negotiate on price first before advising how you will pay for your car. Remember, if it sounds too good to be true, it probably is.
Adding to your home loan
While the interest rate on your home loan might be lower, you're paying it back over a much longer period. This can increase the total interest on your loan by thousands.
Balloon or residual payments
These reduce your monthly repayments but you will still owe a lump sum with interest at the end of your loan.
Yes, our Years of Membership Benefits discount** applies to all approved loans made directly to RACV.
Here's the annual discount for RACV new, used or green car loans, based on years of membership:
Keep in mind, any loan application introduced through a broker or intermediary will not be eligible to receive the Member discount.
If you're not a Member but end up taking out a car loan with RACV, you'll then have access to a range of member benefits, from discounted tickets to exclusive deals.
Yes you can make additional repayments, but keep in mind you may be charged an early termination fee if your loan is repaid in full before the end of the agreed loan term.
There are no ongoing fees with RACV loans. Your potential fees include:
Your plan will start within 30 days of you receiving your loan funds. Once your plan is active, you’ll get a roadside assistance welcome letter.
Yes, the 24-hour waiting period will apply to your plan, which means you’ll need to wait 24 hours after your plan starts to call for assistance.
If you already have roadside assistance with RACV, we’ll refund you for the current plan after your complimentary plan starts (in line with our roadside assistance terms and conditions).
Planning a trip around Australia?
See more of the country sooner with RACV caravan loans from 6.59%* (comparison rate 7.29%^ p.a.)
Found the perfect boat?
Get out on the water sooner with RACV boat loans from 10.29%* (Comparison rate 11.02%^ p.a.)
Whether it’s a new deck or a swimming pool, RACV secured personal loans help make it a reality.
Explore secured personal loans from 10.29%* (comparison rate 11.02%^ p.a).
^Important information about the comparison rate.