RACV Personal Loans
Get a secured personal loan from 8.99%* (Comparison rate 9.53%^p.a)
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Dreams come in all shapes, sizes and budgets
From a big backyard patio extension or a brand new swimming pool, to a long-awaited retreat, to a tropical island and everything else in between, RACV secured personal loans can make your dreams happen sooner than you imagine.
It’s quick and easy to apply and all our loans come with RACV’s Best Deal Guarantee^^. So why wait? Apply online now.
Why thousands of Victorians get their car loan through RACV
No ongoing fees
Which means lower monthly payments for you
Easy to apply
Your loan application will take 10 minutes – online, over the phone, or in store
Within five working hours
In most cases there’s no need for a deposit
Apply in three easy steps
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.
Balloon or residual payments
These reduce your monthly repayments but you will still owe a lump sum at the end of your loan. You get a nicer car but pay more interest on every payment to do so.
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.
Frequently Asked Questions
What do I need to apply?
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.
How long does approval take?
Around five working hours. Usually, once you’ve signed the paperwork, you will receive the funds within 24 hours.
How do I make repayments?
By direct debit or BPAY. Loan repayments will automatically be taken from your chosen bank account every month or fortnight.
Do RACV’s Years of Membership Benefits apply?
Yes. RACV members get a discounted rate on monthly interest payments on all consumer loans (subject to approval), but not on our new car special rate.
*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. Year of membership benefit apply. 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. RACV Finance is subject to RACV lending criteria. R.A.C.V. Finance Limited ABN 82 004 292 291 Australian Credit Licence No. 391488. RACV secured personal loans have a maximum APR of 11.54% which includes the interest rates and other costs associated with the loan. ^^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.
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