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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By

Matt Corke

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Key takeaways

  • RACV offers various car loans including new used green and caravan options with a $499 application fee.
  • Interest rates often begin lower for new and green car loans starting from 5.09% p.a. for green.
  • RACV membership may offer interest rate discounts on used car loans and often 5-hour approval.
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.

5 of 5 results
Checked 7 August 2026
$
years
Finder Score Interest Rate (p.a.) Comp. Rate (p.a.) Application Fee Monthly Fee Monthly Repayment
RACV logo
7.7 Great
RACV New Car Loans
Fixed1 - 7 Years $5,000 - $100,000
7.7 Great
Interest Rate (p.a.)
7.19%
to 18.19%
Comp. Rate (p.a.)
7.77%
to 18.29%
Application Fee
$499
Monthly Fee
$0
Monthly Repayment
$634.73
Go to siteView details
Compare product selection
RACV logo
7.2 Great
RACV Used Car Loans
Fixed1 - 7 Years $5,000 - $100,000
7.2 Great
Interest Rate (p.a.)
8.49%
to 17.99%
Comp. Rate (p.a.)
9.06%
to 18.47%
Application Fee
$499
Monthly Fee
$0
Monthly Repayment
$647.01
Benefit from no ongoing fees, 5-hour approval and a 21-day satisfaction guarantee. Interest rate discounts for members.
Go to siteView details
Compare product selection
RACV logo
8 Great
RACV Green Car Loan
Fixed1 - 7 Years $5,000 - $100,000
8 Great
Interest Rate (p.a.)
6.69%
to 17.69%
Comp. Rate (p.a.)
7.28%
to 17.79%
Application Fee
$499
Monthly Fee
$0
Monthly Repayment
$630.05
View details
Compare product selection
RACV logo
Not scored yet
RACV Caravan Loan
Fixed1 - 7 Years $5,000 - $250,000
Not scored yet
Interest Rate (p.a.)
7.19%
to 18.19%
Comp. Rate (p.a.)
7.77%
to 18.29%
Application Fee
$499
Monthly Fee
$0
Monthly Repayment
$634.73
View details
Compare product selection
RACV logo
7.9 Great
RACV Personal Loan
Fixed1 - 7 Years $5,000 - $100,000
7.9 Great
Interest Rate (p.a.)
10.89%
Comp. Rate (p.a.)
11.44%
Application Fee
Monthly Fee
$0
Monthly Repayment
$653.73
View details
Compare product selection
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Finder Score for car loans

To make comparing car loans even easier we came up with the Finder Score. Interest rates, fees and features across 200+ car loan products and 100+ lenders are all weighted and scaled to produce a score out of 10. The higher the score, the more competitive the product.

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How to apply for a RACV car loan

When applying online for a car loan, you'll need to supply some key details:

  • Details of the car you're borrowing for, include make, model, year and purchase price
  • How much you're looking to borrow
  • Your name, address and contact information
  • Details of your employment and income

Compare other products from RACV

Sources

Matt Corke's headshot
Written by

Head of Publishing Ventures

Matt Corke is Finder’s head of publishing ventures. Prior to this he was head of publishing for Australia, New Zealand and emerging markets. Matt built his first website in 1999 and has been building computers since he was in his early teens. In that time, he has survived the dot-com crash and countless Google algorithm updates. See full bio

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11 Responses

    Dave's avatar
    DaveOctober 15, 2018

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

      John Basanes's avatarFinder
      JohnOctober 16, 2018Finder

      Hi Dave,

      Thank you for leaving a question.

      Bike rates are different from car loan rates but you may do a comparison by visiting our page for motorcycle loans 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!

      Cheers,
      Reggie

    Cat's avatar
    CatMay 12, 2016

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

      Elizabeth Barry's headshotFinder
      ElizabethMay 12, 2016Finder

      Hi Cat,

      You can consider an RACV personal loan to use for a holiday, You can read our RACV personal loan review for more details.

      Hope this helps,

      Elizabeth

    Cameron's avatar
    CameronJanuary 27, 2015

    Hi,

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

    Cheers
    C

      Shirley Liu's headshotFinder
      ShirleyJanuary 28, 2015Finder

      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.’

      Cheers,
      Shirley

    edo's avatar
    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

      Marc Terrano's headshotFinder
      MarcJanuary 21, 2014Finder

      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,
      Marc.

      edo's avatar
      edoJanuary 24, 2014

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

      Marc Terrano's headshotFinder
      MarcJanuary 28, 2014Finder

      Hi Edo,

      Thanks for the question.

      While not every lender will offer pre-approved car loans, you may refer to our guide on car loans that offer pre-approval and then contact them for more information. Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you.

      Cheers,
      Marc

      edo's avatar
      edoJanuary 21, 2014

      Hi Marc,
      thanks for the answer.

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