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RACQ Car Loans

Get competitive rates, smooth processing and flexible repayments with RACQ, a company with over a century’s experience.

RACQ Bank

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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.

Compare RACQ Car Loans

Data indicated here is updated regularly
$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment
RACQ Bank Car Loan Special
5.49% (fixed)
6.15%
$3,000
Up to 7 years
$395
$0
You'll receive a fixed rate of 5.49% p.a.
Borrow up to $60,000 for a new or used car and get a range of membership benefits.
RACQ Bank Personal Loan Special
9.54% (variable)
9.83%
$3,000
Up to 5 years
$200
$0
You'll receive a variable rate of 9.54% p.a.
A low minimum borrowing amount of $3,000 that you can use for a range of purposes. Benefit from member discounts and flexible repayments. Only available to QLD residents
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Is your car eligible for a secured loan from RACQ?

RACQ considers the following vehicles for loans:

  • New vehicles
  • Used vehicles (the vehicle must be no more than 12 years old by the end of the loan)
  • Cars, caravans, watercraft and motorcycles

How to apply for a Car Loan from RACQ

If you're ready to apply for a car loan from RACQ, click "Go to Site" to get the process started. You'll need to meet the following eligibility criteria to be considered for a loan:

  • Over the age of 18
  • An Australian citizen, permanent resident or on an approved working visa
  • Earning a sufficient income to make the loan repayments
  • Have a good credit history

If you meet the requirements you can proceed with the application. You'll need the following information on hand to complete it:

  • A valid form of ID
  • Proof you will be able to repay the loan
  • Details of your employment, housing situation (ownership/renting) references and credit history

You can take advantage of pre-approval and can find if you've been approved in five business hours.

Make sure that you've compared RACQ's loans with similar offerings before you apply so you know you're getting the right financing for your needs and situation.

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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 4.89% 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.

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