NRMA Car Loans

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

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Note: NRMA stopped accepting car loan applications in June 2024. NRMA no longer offers car loans. Information in this guide is no longer updated.

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.

How do NRMA car loans compare?

  • 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 7.29% 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:

  • 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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14 Responses

    Default Gravatar
    HeleneJune 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
      ElizabethMarch 21, 2016Finder

      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
      ShirleyMarch 17, 2015Finder

      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
      ShirleyFebruary 27, 2015Finder

      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
      ShirleyJanuary 19, 2015Finder

      Hi Maree,

      Thanks for your question.

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

      Cheers,
      Shirley

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