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
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
- Car Loan. This loan can be used for new cars. You'll receive a competitive rate of 5.69% 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.
Car Loan OffersImportant Information*
You'll receive a fixed rate of 5.45% 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.
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.
You'll receive a fixed rate from 5.69% 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.
You'll receive a fixed or variable rate depending on the lender you are approved with
Apply for up to $250,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.
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