NRMA Car Loans
Whether you’re buying a new or used car, caravan or motorcycle, NRMA may have a financing option for you.
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.
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When applying online for a car loan, you'll need to supply some key details:
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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
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
Hi, I am a single mum receiving a pension, is it possible for me to get a secure car loan?
Thanks
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.