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.

Rates last updated October 23rd, 2018
$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Monthly Service Fee Application Fee Product Description Monthly Repayment
RACQ Bank New Car Loan
6.17% (fixed)
6.72%
$3,000
7 years
$0
$395
You'll receive a fixed rate of 6.17% p.a.
Finance a new car or one less than 2 years old. Benefit from no monthly fees or penalties on early repayments and discounts on car maintenance.
RACQ Bank Used Car Loans
8.95% (fixed)
9.52%
$3,000
5 years
$0
$395
You'll receive a fixed rate of 8.95% p.a.
Finance a used car over two years old and benefit from a competitive rate. Pre-approval and 21-day satisfaction guarantee also available.
RACQ Bank Unsecured Personal Loan
12.95% (variable)
13.25%
$3,000
5 years
$0
$200
You'll receive a variable rate of 12.95% 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

Compare up to 4 providers

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.

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IMB New Car Loan

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Finance a new car and benefit from features such as fast approval, no ongoing fees and an optional balloon payment.

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Stratton Finance New Car Loan

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Apply for up to $100,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.

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