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RACQ's Car Loan offers a competitive fixed rate with flexible loan amounts, as well as a number of additional benefits including discounted car maintenance.
See if it's right for you below.
$195
Application Fee
7.99% (fixed)
Interest Rate (p.a.)
8.27%
Comparison Rate (p.a.)
$100,000
Max Loan Amount
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Product Name | RACQ Bank Car Loan Special |
---|---|
Interest Rate (p.a.) | 7.99% |
Comp. Rate (p.a.) | 8.27% |
Interest Rate Type | Fixed |
Min Loan Amount | $3,000 |
Max Loan Amount | $100,000 |
RACQ, or Royal Automobile Club of Queensland, was founded in 1905 by a motor enthusiast who wanted to help other people experience the pleasures of motoring. It currently provides member services and products that include roadside assistance, finance, travel and insurance.
If you're in need of vehicle finance, you can consider the competitive options available from RACQ. Find out more about these below.
You can apply for between $3,000 and $100,000 and get a loan term up to 7 years for a new car, or 5 years for a used car. If you're getting a loan for a used car, the vehicle must not be older than 12 years at the end of the loan term.
You won't be charged a penalty for making extra repayments and there is no monthly fee.
RACQ considers the following vehicles for loans:
If you want to take advantage of the benefits on offer, click 'Go to Site' to apply with RACQ.
You'll need to meet the following eligibility criteria to apply:
If you meet these criteria you can submit an application.
You will need the following documents on hand:
You can take advantage of pre-approval and can find if you've been approved in five business hours.
It is important to have a competitive loan that can help offer smooth repayments and manageable interest. RACQ's car loan provides very competitive interest rates with flexible terms for borrowers.
Before applying, it's better to compare car loans in the market before making a final choice.
4 Comments
May 13, 2016
my car is 2015 however I want to refinance it from another lender will I still get this rate
May 13, 2016
HI Matt, What would that rate be
May 16, 2016
Hi Cory,
At the time of writing this comment, the RACQ Used Car loan rate starts at a fixed rate of interest at 9.45% p.a. Please feel free to read more about RACQ used car loans and decide whether the loan is right for you.
Hope this helps!
Cheers
Matt
May 13, 2016
Hi There Cory,
Thanks for your comment. RACQ will determine your eligibility when you apply. It is most likely as you are refinancing that you’ll be offered the rate with the RACQ Used Car Loan.
Hope this helps.
Cheers
Matt