RACV Car Loans

Information verified correct on October 21st, 2016

Get over the hassle of running pillar to post getting your loans approved, paying high rates of interest and complicated repayment methods with RACV

Predominantly a motoring club, the RACV or Royal Automobile Club of Victoria now provides roadside assistance, car and personal loans, vehicle, home and travel insurance. Their services include driving instruction, tourism and home security products.

With one membership card, you open up a large number of possibilities for channeling your money the right way and not missing out on even a cent of savings. It's not just a one stop shop for buying your car but also getting all the associated services in place.

RACV Car Loans

RACV Car Loan Offer

Featuring fast approval times, no monthly account fees and friendly service it could be worth your while comparing the RACV Car Loan.

  • Interest Rate From: 6.20% p.a.
  • Comparison Rate: 6.73% p.a.
  • Interest Rate Type: Fixed
  • Application Fee: $378
  • Minimum Loan Term: 1 year
  • Maximum Loan Term: 7 year
  • Minimum Loan Amount: $15,000
Rates last updated October 21st, 2016
Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Repayment
RACV Car Loans
Enjoy this fixed rate new car loan offer from RACV. No ongoing fees.
From 6.2% (fixed) 6.73% $15,000 1 to 7 years $378 Go to site More

*7.45% p.a. is a promotional new car loan rate is for loans greater than $15,000 for new cars only, for applicants who own a property.

  • Car Loan. This loan can be used for new cars. You'll receive a competitive rate of 6.2% p.a. and up to 7 year(s) to repay your loan. You can apply for a minimum of $15,000 and find out if you've been approved within five business hours. There are also no ongoing fees.

Is your car eligible to be used as security?

  • New car
  • Valued at over $15,000

How you can apply for a Car Loan with RACV

Applying for a car loan is simple. To get started, click "Go to Site" to get your online application started. First, make sure you meet the eligibility criteria outlined below:

  • Be over the age of 18
  • Be an Australian citizen or permanent resident
  • Have a good credit rating
  • Have stable, ongoing employment

When you apply you will need to provide the following information:

  • An Australian driver’s licence or some sort of proof of your identity
  • Your employer’s details including name, address and contact information
  • Your own financial details including information regarding your assets, expenses, debts and income

You'll usually find out if you've been approved within five working hours, and after you've signed the paperwork you can receive your funds within 24 hours.

Beyond Bank Low Rate Car Loan "Special Offer"

A great rate for cars under 2 years old.

IMB New Car Loan

This fixed rate new car loans up to 2 years old features no early repayment penalties

CUA Fixed Rate Car Loan

A competitive car loan that offers flexible repayment options and no account keeping fees.

RACQ New Car Loan

A low fixed rate loan from RACQ suitable for buying a new car.

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9 Responses to RACV Car Loans

  1. Default Gravatar
    Cat | May 12, 2016

    Hi, can I ask for personal loan of 100.000 and use it for holidays abroad? Thanks.

    • Staff
      Elizabeth | May 12, 2016

      Hi Cat,

      You can consider an RACV personal loan to use for a holiday, You can find out more about it on this page.

      Hope this helps,


  2. Default Gravatar
    Cameron | January 27, 2015


    Buying a new Jayco camper and am looking to finance some of it. Does the 6.99 apply to Caravan loans also?


    • Staff
      Shirley | January 28, 2015

      Hi Cameron,

      Thanks for your question.

      Yes the RACV car loan can be used to finance the purchase of a caravan. Please note that the interest rate is ‘from 6.99% p.a.’


  3. Default Gravatar
    edo | January 20, 2014

    Hi, I’m currently on temporary business visa 457 (4 years visa) and I’m on the market for buying a car. What I want to know is do I eligible to get a loan from your company. Thank you

    • Staff
      Marc | January 21, 2014

      Hello edo,
      thanks for the question.

      The eligibility requirements of this loan include that applicants are Australian residents or citizens for tax purposes.

      I hope this helps,

    • Default Gravatar
      edo | January 24, 2014

      Hi Marc,
      How can I apply for pre-approved car loan?

    • Staff
      Marc | January 28, 2014

      Hi edo,
      thanks for the question.

      Not every lender will offer pre-approved car loans. You may wish to carry out an internet search for car loan lenders who offer pre-approval and then contact them for more information.


    • Default Gravatar
      edo | January 21, 2014

      Hi Marc,
      thanks for the answer.

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