With an RACV Debt Consolidation loan you can roll all your debts into one simple loan and pay them off with one easy monthly repayment. It’s a great solution if you would like to consolidate debt and regain control of your personal finances as fast as possible.
It’s quick and easy to apply and all our loans come with our Satisfaction Guarantee^^. Why wait? Apply online now.
Apply online or call 13 15 60. Have personal details, income, assets and expenses ready.
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. In most cases, you should get funds within 24 hours.
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.
You will need to supply your personal details, including your driver's licence number, employment details, assets, liabilities and income. We will verify this information with you later.
Approval times can vary, though we aim to provide an answer on your application as quickly as possible. Usually, once you’ve signed the paperwork, you will receive the funds within 24 hours.
By direct debit or BPAY. Loan repayments will automatically be taken from your chosen bank account every month or fortnight.
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. Learn more about financial hardship and how RACV can help.
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.
^^ 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.
*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.
** 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.
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).