Buying a used car through private sale? We’ve partnered with Verimoto to make the process easy, quick and secure. Verimoto is an asset identity verification system for important documents, like roadworthy certificates.
^Important information about the comparison rate.
Get 2 years' free RACV premium roadside assistance when you apply for a car loan directly through RACV†.
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.
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.
Here's what makes you eligible to finance a used car:
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.
When applying for a new car loan, we may take the following into consideration to determine your borrowing amount:
You can borrow a minimum of $5,000 for your new car loan, with a maximum loan term of 7 years.
The short answer is yes, but car loans tend to be offered at a lower interest rate as they are secured loans.
Personal loans can be used to pay for almost anything, from holidays or weddings, to home renovations or debt consolidation. As car loans are specific to financing a car, your new vehicle acts as security for the loan. With greater reliability on how the loan will be used, a lower rate is usually offered.
For more information, read the Target Market Determination for RACV Secured Personal Loan.
Yes, you can refinance an existing car loan from another provider if you can meet the eligibility and credit requirements.
For more information, read the Target Market Determination for RACV Secured Personal 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.
Yes, we offer vehicle inspections at RACV Accredited Auto Care Centres.
You’ll get an inspection report which assess the overall condition of the vehicle and gives you a recommendation on whether to go ahead with the purchase. The final buying decision is yours.
For more information, see RACV vehicle inspections.
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).
Get the perfect new car (up to 3 years old) with pre-purchase approvals available.
Explore new car loans, from 6.59% p.a.* (Comparison rates from 7.29% p.a.^)
Planning to make the switch to an electric vehicle?
Explore green car loans, from 5.09% p.a.* (Comparison rates from 5.78% p.a.^)
Planning a trip around Australia?
See more of the country sooner with caravan loans from 6.59%* (comparison rate 7.29%^ p.a.)
^Important information about the comparison rate.
*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.
† 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. Total Care eligibility and benefits apply per standard Emergency Roadside Assistance Terms and Conditions.
Find out more about RACV Total Care Roadside Assistance.
^ 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 for Bronze, Silver and Gold Members. 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 and waive the early termination fee (ETF). The Satisfaction Guarantee is only available with personal loans purchased directly from RACV Finance.
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).
