NRMA is Australia's largest member organisation and one of Australia's most well-known car and vehicle service providers. It offers car-related services to members, which includes car loans and insurance. It's not necessary to be a member of the NRMA to take out a loan, but if you are a member you can take advantage of a discounted rate.
NRMA New Car Loan
NRMA New Car Loan
Low fixed interest rate
No ongoing fees
Borrow from $5,000
100% confidential application
NRMA New Car Loan
You could get a new car with an NRMA Car Loan featuring a fixed rate of interest and no monthly fees.
Secured Car Loan. You can attach a new or used car, motorcycle, caravan, motorhome, caravan or boat, or even refinance an existing car loan with the Secured Car Loan from NRMA. You can get a competitive fixed rate from 5.69% p.a. and have up to 7 years to repay it. You can borrow between $5,000 and $130,000 and enjoy no monthly fees. Five-hour pre-approval is also available you can receive your funds on the next day following approval.
Is your vehicle eligible to be used as security?
Any of the following vehicles may be able to be used for finance:
New or used cars
A new motorcycle
A caravan or motorhome
A new boat
How you can apply for an NRMA Car Loan
If you're interested in applying for the NRMA Secured Car Loan, you can get your application started conveniently online. First, make sure you meet the application criteria as outlined below:
The loan amount is more than $5,000
You are over 18 years of age
You haven't defaulted on any loan or credit within the last three years
You haven't entered bankruptcy within the last seven years
You're an Australian citizen or permanent resident
You can provide evidence of a regular income
The application process will take about ten minutes to complete. Before you begin, make sure you have the following details on hand:
Current driver's licence
Employment details including your employer's contact information and how long you've been employed
Your financial information such as your income, assets, savings, details of your other loans and your expenses
You do not have to be an NRMA Member, but by taking out NRMA membership it may entitle you to qualify for an instant saving on an NRMA car loan. If you are an NRMA Member, then having the membership number handy when applying ensures taking advantage of any member savings.
Matt Corke is the head of publishing in Australia for Finder. He previously worked as the publisher for credit cards, home loans, personal loans and credit scores. Matt built his first website in 1999 and has been building computers since he was in his early teens. In that time he has survived the dot-com crash and countless Google algorithm updates.
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