Comprehensive Car Loans from RACV

Get a new car loan from 5.99%* (Comparison rate 6.55%^ p.a).

Your estimated monthly repayment

RACV can help you buy your new car sooner 

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 our car loans come with RACV’s Satisfaction Guarantee^^. So why wait?  Enjoy RACV’s competitive car loan rates today.  

If you apply direct as an RACV member, you could benefit from an even lower rate on your car loan

Member rate

Comparison rate

Blue member (5% discount)



Bronze member (5% discount)



Silver member (10% discount)



Gold member (15% discount)



Gold 50 member (20% discount)



  • No ongoing fees

    Which means lower monthly payments for you.

  • Easy to apply

    Your loan application will take 10 minutes – online or over the phone.

  • Fast approval

    Within five working hours.

  • Years of Membership Benefits apply

    If you are eligible for RACV’s Years of Membership Benefits, and apply direct with RACV, enjoy even lower interest rates. This discount also applies to the new car special rate.

  • Savings on car insurance

    If you finance and insure your vehicle through RACV you could access savings of up to 10%* on the cost of your comprehensive insurance for the full term of your loan.

    *Savings are only applicable when comparing a comprehensive car insurance quote where the car is used as security by a Secured Finance Company.

  • 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.

  • 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.

Just a note to express my appreciation of the exceptional Customer Service given to me by your call staff member Saurabh. Being very naïve about the procedure Saurabh stepped me through it explaining what I needed to do next without making me feel foolish in any way.

P. O’Loughlin

Thanks so much for all your help in finalising the car loan for us. I didn't think such wonderful customer service still existed in this day and age! Your regular communication, kindness and assistance were very much appreciated and I will certainly be recommending RACV to friends and family should they be looking for a loan in the future.

Gina M

What do I need to apply?

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.

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?

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 eligible to receive the discount.

*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. 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. 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 eligible 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.**RACV Insurance is issued by Insurance Manufacturers of Australia Pty Limited ABN 93 004 208 084 AFS Licence No. 227678. Please consider the Product Disclosure Statement before buying. For a copy call 13 RACV (13 7228).You may be eligible for savings on your premiums. Savings on your car insurance depends on your individual circumstances. RACV Finance also provides NRMA Car Loans.

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