Used car loans from 5.49%* (comparison rate 6.19%^ p.a.)
^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.
Which means lower monthly payments for you.
Your loan application will take around 10 minutes – online or over the phone.
We'll work as quickly as possible to provide an answer on your application following submission.
First, we need to know a little about you.
We'll work as quickly as possible to provide an answer on your application following submission.
Once approved, we’ll call you to work out the details. When your car is ready, in most cases the money will be sent within 24 hours.
When it comes to choosing your next car, you know when you’ve found the right one.
That’s when a RACV car loan can help.
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 all car loans sold directly by RACV come with RACV’s Satisfaction Guarantee^^.
We know you’re getting a great deal on your loan but it’s important you are sure too. That’s why we offer a 21-day Loan Satisfaction Guarantee^^.
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 any fees.
While it might look like they’re giving you a lower rate they often charge additional fees. These fees make your monthly repayments higher.
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.
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.
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.
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.
You will need to supply your personal details, including your driver licence number, employment details, assets, liabilities and income. We will verify this information with you later.
Approval times can vary, though trust that 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, Years of Membership Benefits apply to all consumer loan applications (subject to approval) made directly through RACV. Any loan application introduced through a broker/intermediary will not be eligible to receive the discount.
**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.
*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.
Statement of notifiable matters | Privacy Charter (includes Credit Reporting Policy) | Dispute Resolution
RACV Finance also provides NRMA Car Loans.
We use cookies and other technologies to understand and improve your browsing experience. By using our site, you agree to us collecting this information and to our Privacy Charter.