Money Hack: Use your NRMA membership to get a car loan discount

Elizabeth Barry 6 January 2018 NEWS

driving new car

Start off 2018 with a new car and an interest rate discount to boot.

If you're in the market for a new or used car and are looking to finance it, or you want to refinance your current car loan, an NRMA Car Loan may be an option to consider. This is especially true if you're a member of NRMA, with members entitled to a discount of 1% p.a. on their car loans.

The hack

If you're purchasing a new or used vehicle that is at least two years old and are an NRMA member you are eligible for a 1% p.a. discount on an NRMA Car Loan. Cars that are less than two years old are eligible for a more competitive 5.99% p.a. rate.

The 1% p.a. discount is also available if you're using an NRMA Car Loan to refinance an existing car loan, as long as the car is older than two years old.

Before taking up this offer, make sure you review the NRMA Car Loan to see if it's right for you. It comes with a fixed interest rate and loan terms of between 1 year(s) and 7 year(s). You're able to apply for between $5,000 and $100,000 and five-hour pre-approval is available.

To be eligible you need to be over the age of 18 and an Australian citizen or resident for tax purposes.

Find out more about the NRMA Car Loan


finder money hacks is a bi-weekly roundup of the latest tips and tricks to improve your finances. Check back every Wednesday and Saturday for new hacks.

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