NRMA Car Loans Comparison, Reviews and Rates | finder.com.au

NRMA Car Loans

Whether you’re buying a new or used car, caravan or motorcycle, NRMA may have a financing option for you.

NRMA

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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

From

4.99 % p.a.

fixed rate

From

5.69 % p.a.

comparison rate

  • Low fixed interest rate
  • No ongoing fees
  • Borrow from $5,000
Security Logo

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.

  • Interest rate from: 4.99% p.a.
  • Comparison rate: 5.69% p.a.
  • Interest rate type: Fixed
  • Application fee: $499
  • Minimum loan amount: $5,000
  • Maximum loan amount: $130,000
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How do NRMA car loans compare?

Data updated regularly
$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment
NRMA New Car Loan
From 4.99% (fixed)
5.69%
$5,000
1 to 7 years
$499
$0
You'll receive a fixed rate from 4.99% p.a.
Purchase a new or used car up to 2 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.
NRMA Used Car Loan
From 6.49% (fixed)
7.19%
$5,000
1 to 7 years
$499
$0
You'll receive a fixed rate from 6.49% p.a.
Finance a used car with NRMA and benefit from a fixed rate term and no monthly fees. Pre-approval available within 5 business hours.
NRMA Motorcycle Loan
From 6.49% (fixed)
7.19%
$5,000
1 to 7 years
$499
$0
You'll receive a fixed rate from 6.49% p.a.
Finance a new or used motorcycle with a loan from $5,000. No monthly fees and flexible repayments available.
NRMA Caravan Loan
From 4.99% (fixed)
5.69%
$5,000
1 to 7 years
$499
$0
You'll receive a fixed rate from 4.99% p.a.
Finance a new or used caravan with a loan from $5,000. No monthly fees and flexible repayments available.
NRMA Boat Loan
From 6.49% (fixed)
7.19%
$5,000
1 to 7 years
$499
$0
You'll receive a fixed rate from 6.49% p.a.
Finance a new or used boat with a loan from $5,000. No monthly fees and flexible repayments available.
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Compare up to 4 providers

  • 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 4.99% 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?

  • 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:

  • You must be at least 18 years old.
  • You must an Australian citizen or permanent resident.
  • You must confirm that you've been employed part-time or full-time for at least three months, casually employed for at least 12 months or self-employed for at least two years.
  • Your credit history must be free of defaults and bankruptcy.

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.

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Car Loan Offers

Important Information*
Logo for IMB New Car Loan
IMB New Car Loan

You'll receive a fixed rate of 4.99% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one up to two years old.

Logo for Beyond Bank Low Rate Car Loan "Special Offer"
Beyond Bank Low Rate Car Loan "Special Offer"

You'll receive a fixed rate of 4.69% p.a.
Take advantage of a competitive rate, pre-approval and no early repayment fees when you finance a car under two years old.

Logo for RACV New Car Loans
RACV New Car Loans

You'll receive a fixed rate from 4.99% p.a.
A larger loan of $5,000 or more to help you buy a new or used car. 5-hour pre approval available and no ongoing fees.

Logo for NRMA New Car Loan
NRMA New Car Loan

You'll receive a fixed rate of 4.99% p.a.
Purchase a new or used car up to 2 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.

Ask an Expert

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14 Responses

    Default Gravatar
    Helene TyleyJune 15, 2018

    I am a retired pensioner. Want to live in a caravan. Need to find finance for around $30,000 Do I qualify. Pension is $900 a fortnight. Not working.

      Default Gravatar
      JoelJune 16, 2018

      Hi Helene,

      Thanks for leaving a question on Finder.

      If you are looking to apply for a car loan with NRMA, you can use our comparison table above to see which NRMA car loan suits you.

      You can click the name of the product or the “More info” link to be redirected to our review page and learn more about the loan offer, rates, and requirements as well as the pros and cons of using their loan service. When you are ready, you may then click on the “Go to site” button and you will be redirected to the lender’s website where you can proceed with the application or get in touch with their representatives for further inquiries you may have.

      Meanwhile, you can check our car loan guide to compare car loans, know how they work, and the type of loan you need.

      Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. You can also contact the provider if you have specific questions.

      Cheers,
      Joel

    Default Gravatar
    LalaineMarch 18, 2016

    Hi how do I apply from here?

      Avatarfinder Customer Care
      ElizabethMarch 21, 2016Staff

      Hi Lalaine,

      You can apply for this loan by submitting your application directly on NRMA’s website.

      I hope this has helped,

      Elizabeth

    Default Gravatar
    GabbyMarch 17, 2015

    How old can the car be

      Avatarfinder Customer Care
      ShirleyMarch 17, 2015Staff

      Hi Gabby,

      Thanks for your question.

      The age of the vehicle is often assessed on a case by case basis. Most lenders are willing to accept vehicles that are less than 5-7 years old as security for the loan.

      Cheers,
      Shirley

    Default Gravatar
    JennyFebruary 27, 2015

    do you accept family tax benefit a & b, foster care allowance and carer allowance as income? total income per month is $4,600. could i borrow $12000?
    thanks Jenny

      Avatarfinder Customer Care
      ShirleyFebruary 27, 2015Staff

      Hi Jenny,

      Thanks for your question.

      Please note that finder.com.au is an online comparison service and does not represent NRMA. If you would like to discuss your eligibility or options, please get in touch with NRMA directly.

      Centrelink benefits are often accepted as income, but generally you’ll need an income from another source, such as employment.

      Cheers,
      Shirley

    Default Gravatar
    MareeJanuary 18, 2015

    Can we apply for to build a caravan back for a vehicle we own?

      Avatarfinder Customer Care
      ShirleyJanuary 19, 2015Staff

      Hi Maree,

      Thanks for your question.

      Yes you can apply to build a caravan back with this loan.

      Cheers,
      Shirley

    Default Gravatar
    AnnieJuly 12, 2014

    Hello,
    I am a Pensioner (62) have small mortgage payment each month, & have $850 clear(from Pension) each month after expenses, annual earnings $22,000 + I have a casual job with upwards of $150 per fortnight.
    I am wanting a car loan of $12,000. I am a NRMA Gold Member.
    What are my chances? & what rate will apply?
    Be grateful for a reply
    Thanks Annie

      Avatarfinder Customer Care
      ShirleyJuly 14, 2014Staff

      Hi Annie,

      Thanks for your question.

      The conditions for this loan are as follows:
      -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 7 years
      -You’re an Australian resident or citizen
      -You can provide evidence of a regular income

      You’ll need to be able to show that your income can service your repayments. Since your loan amount is less than $15,000 the discount may not apply. Please refer to the interest rate for this.

      If you have any questions about your eligibility, please speak to the customer service team at NRMA as they will be able to provide you with a more informed answer.

      Cheers,
      Shirley

    Default Gravatar
    SherrinFebruary 19, 2014

    Hi, I am a single mum receiving a pension, is it possible for me to get a secure car loan?
    Thanks

      Avatarfinder Customer Care
      MarcFebruary 20, 2014Staff

      Hi Sherrin,
      thanks for the question.

      To be eligible to apply for this loan with a pension you must be earning over $1,500 a month and fully own your home.

      I hope this helps,
      Marc.

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