RACQ Car Loans

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

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.

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Name	Product	Interest Rate (p.a.)	Comparison Rate (p.a.)	Min Loan Amount	Loan Term	Monthly Service Fee	Application Fee	Monthly Repayment	Product Description
RACQ New Car Loan		From 6.17% (fixed)	6.72%	$3,000	7 years	$0	$395		A low fixed rate loan from RACQ suitable for buying a new car. Note: Loan only available to QLD residents.	More	Compare	loading Fetching your data...
RACQ Unsecured Personal Loan		From 12.95% (variable)	13.25%	$3,000	5 years	$0	$200		Apply for up to $30,000 to use for a variety of purposes end enjoy no penalty for early repayment. Note: You must be a QLD resident to apply.	More	Compare	loading Fetching your data...
RACQ Used Car Loans		From 8.95% (fixed)	9.52%	$3,000	5 years	$0	$395		Benefit from a competitive fixed rate and a 21-day satisfaction guarantee when purchasing a used car. Note: Loan only available to QLD residents.	More	Compare	loading Fetching your data...

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Compare RACQ Car Loans

• New car loans. If you're purchasing a new car you can receive a competitive fixed rate from 6.17% p.a.. You'll pay no monthly fees and a pre-approval service to help you in the initial car-buying stages. There's also a 21-day satisfaction guarantee if you aren't satisfied with the loan.
• Used car loans. This loan is suitable for used cars, but you can take advantage of similar features, including a pre-approval service and a 21-day satisfaction guarantee. This loan comes with a competitive fixed rate of 8.95% p.a. and you can apply online. You're able to be approved in five business hours.

Is your car eligible for a secured loan from RACQ?

RACQ considers the following vehicles for loans:

• New and used vehicles
• Cars, caravans, watercraft and motorcycles
• You need to be borrowing over $3,000

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.