RACV Car Loans

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



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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.

Compare your RACV car loan options

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
RACV New Car Loans
From 4.99% (fixed)
1 to 7 years
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.
RACV Used Car Loans
From 5.99% (fixed)
1 to 7 years
You'll receive a fixed rate from 5.99% p.a.
Benefit from no ongoing fees, 5-hour approval and a 21-day satisfaction guarantee. Interest rate discounts for members.

Compare up to 4 providers

  • Car Loan. This loan can be used for new cars. You'll receive a competitive rate of 4.99% and up to 7 years to repay your loan. You can apply for a minimum of $5,000 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 $5,000

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.

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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 4.69% 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.

Ask an Expert

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11 Responses

    Default Gravatar
    DaveOctober 15, 2018

    Hi there,
    Are the same rates (car loan rates) applicable for purchasing a bike? Wanting to buy a used motorcycle. Thanks.

      Avatarfinder Customer Care
      JohnOctober 16, 2018Staff

      Hi Dave,

      Thank you for leaving a question.

      Bike rates are different from car loan rates but you may do a comparison be visiting this page which gives you the providers that could assist you on this. Kindly review and compare your options on the table displaying the available providers. Once you have chosen a particular provider, you may then click on the “Go to site” button and you will be redirected to the provider’s website where you can proceed with the application or get in touch with their representatives for further inquiries you may have. Hope this helps!


    Default Gravatar
    CatMay 12, 2016

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

      Avatarfinder Customer Care
      ElizabethMay 12, 2016Staff

      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,


    Default Gravatar
    CameronJanuary 27, 2015


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


      Avatarfinder Customer Care
      ShirleyJanuary 28, 2015Staff

      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.’


    Default Gravatar
    edoJanuary 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

      Avatarfinder Customer Care
      MarcJanuary 21, 2014Staff

      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
      edoJanuary 24, 2014

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

      Avatarfinder Customer Care
      MarcJanuary 28, 2014Staff

      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
      edoJanuary 21, 2014

      Hi Marc,
      thanks for the answer.

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