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NRMA Car Loan

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Enjoy no ongoing fees and the ability to make additional repayments with the NRMA Car Loan.

The NRMA Car Loan gives you a convenient way to finance a new car or a vehicle that you’ve always wanted. You can also get a quick approval on the car loan and are not required to pay an ongoing fee.


Application Fee

From 4.99% (fixed)

Interest Rate (p.a.)


Comparison Rate (p.a.)


Max Loan Amount

We’re committed to our readers and editorial independence. We don’t compare all products in the market and may receive compensation when we refer you to our partners, but this does not influence our opinions or reviews. Learn more about Finder .


Product NameNRMA New Car Loan
Interest Rate (p.a.)From 4.99% (fixed)
Comparison Rate (p.a.)5.69%
Interest Rate TypeFixed
Min Loan Amount$5,000
Max Loan Amount$130,000
Go to NRMA's website

Main points to consider with the NRMA Car Loan

The NRMA Car Loan comes with a fixed interest rate of 4.99% p.a. and a comparison rate of 5.69% p.a..

The loan is suitable for a range of vehicle types, including new and used cars up to 2 years old, motorcycles, caravans and motorhomes. If you haven't chosen your vehicle yet, a pre-approval service is available. If you're an NRMA Member you can also enjoy an interest rate discount.

Features of the NRMA Car Loan

This loan comes with a range of competitive features and benefits which are outlined below.

  • Interest rate. Having a fixed interest rate allows you to easily budget for your loan repayments with the same regular monthly payment amount. The fixed interest rate for this loan is 4.99% p.a.
  • Discounted interest rate. With an NRMA membership, you can take advantage of their exclusive member offer and get a discounted interest rate which means you can lower your repayments. The NRMA benefits save members 1% p.a. on the loan rate. This offer is available to new or used vehicles over two years old and is not applicable to vehicles eligible for the promotional rate of 4.99% p.a.
  • Loan terms. You can choose loan terms to help keep your repayments manageable – terms are available between 1 year and 7 years.
  • Repayment flexibility. NRMA Car Loan offers a fairly flexible repayment term option. You can choose to pay either on a monthly basis or on a fortnightly basis and can make extra payments anytime.
  • Loan amounts. You can choose to borrow between $5,000 and $130,000
  • Pre-approval and quick turnaround. NRMA Car Loan offers you a five-hour pre-approval service which can give you a fast approval within five business hours. This provides you a better bargaining power with your car dealer to get the best deals possible by having the funds on standby. Once all the paperwork is completed by NRMA, your funds are made available to you by the next working day.

How to apply for the NRMA Car Loan

You can apply for this loan by clicking the "Go to Site" button. Just make sure you have the following documents on hand to complete the application process:

  • Your driver's licence
  • Details of your income
  • Details of the value of your asset, such as your car, savings, property, etc.
  • Financial details if you're currently renting a property
  • Details of amounts owed by you on any store credit cards, credit cards or loans

For conditional approvals, you are not required to submit any documentation. Once the car loan is conditionally approved, you will be asked to verify the details mentioned in your loan application, such as the address, your identity and income. However, NRMA will contact you if more information or details are required before approval in certain circumstances. Financial statements are required for self-employed applicants.

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 4.89% p.a.
Take advantage of a competitive rate, pre-approval and no early repayment fees when you finance a car under two years old.

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 CUA Secured Fixed Car Loan
CUA Secured Fixed Car Loan

You'll receive a fixed rate of 6.79% p.a.
A secured loan with a high maximum borrowing amount up to $100,000. Redraw facility and no monthly fees.

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  1. Default Gravatar
    February 1, 2017


    I applied for a car loan two days ago. At the end of application I was told I would hear from someone within five hours. I’m still waiting – now thinking maybe I don’t qualify but as a member a response would have been nice.


    • Avatarfinder Customer Care
      February 1, 2017

      Hi Ingrid,

      Thanks for your question.

      Kindly note that we are, a financial comparison and information website that helps users make better decisions, and not NRMA.

      Please contact NRMA directly to confirm the status of your loan application.


  2. Default Gravatar
    April 20, 2016


    We attempted to apply for a new car loan as a joint application but when you get to the section where it asks for your employment details it would only let us enter the details for 1 person. We had selected joint application and entered the personal details for each person but we couldn’t enter the employment details. We tried to then call but it was after 6pm. Is it possible to do the online application in joint names or will we have to call the call centre?

    • Avatarfinder Customer Care
      April 21, 2016

      Hi Kailie,

      You should be able to complete the joint application online if it gave you that option initially. However, as the application is handled by NRMA you’ll need to get in contact with them directly.

      Sorry I couldn’t be of more assistance,


  3. Default Gravatar
    February 6, 2016


    I noticed some similar questions from a while back but I would just like some updated clarification on some things.

    1. I see the comparison rate of 7.02% applies to a $30,000 loan over 5 years, how would the rate differ if it was 7 years and $35,000 for example?

    2. It mentions that as an NRMA member there is a 1% discount for the above example instead of 7.02% it would be 6.02%, right?

    3. I read in an earlier answer if the loan was paid fully three quarter is the term there would be a $200 or 2% fee which ever is higher, is this still the case? And would there be a fee for paying a larger amount for example $5000?


    • Avatarfinder Customer Care
      February 8, 2016

      Hi Moses,

      Thanks for your questions.

      1) You can work out your repayments with our online personal loan calculator. Generally, over a longer period, there would be more fees associated with the loan and the total amount repaid would be higher with a lower comparison rate.

      2) Yes, NRMA do offer a discount for members, however the 1% discount does not apply to the promotional 6.5% rate.

      3) Yes you are correct, if you pay the loan back in under 70% of the loan term then you would pay the $200 or a 2% fee on the remaining balance, whichever is higher. However, you are able to make early repayments with no charge, as long as you don’t pay the total loan back in under 70% of the loan term.

      Hope this helps,


    • Default Gravatar
      July 22, 2016

      hello. To the above answer. It says in the description that this discount does not apply to the 6.5%

    • Avatarfinder Customer Care
      July 26, 2016

      Hi Dan,

      Thanks for pointing that out – the above comment has been updated.



  4. Default Gravatar
    December 17, 2015

    can I get a secured car loan for $12 000

    • Avatarfinder Customer Care
      December 18, 2015

      Hi Tara,

      If you’d like to apply for this loan you can submit your application directly on the NRMA website.



  5. Default Gravatar
    September 15, 2015

    I want to start a courier business at Toll Fast.

    I hold a 188 Subclass Business visa. Can I have a loan for buying a Van for my business?

    • Avatarfinder Customer Care
      September 16, 2015

      Hi Alexius,

      To be eligible for this loan you need to be an Australian resident or citizen. To see what options you have as a temporary resident, you can see your options on this page.

      I hope this has helped.



  6. Default Gravatar
    September 14, 2015

    do you’s do car loans for older cars as I am looking at buying 2009 Toyota Hilux SR5 manual turbo desil dual cab ute, the car is for sale for 29,000 what are the chances of being approved because this car is 6 year old

    • Avatarfinder Customer Care
      September 15, 2015

      Hi Josh,

      Thanks for your question.

      NRMA do offer a used car loan, to apply for this loan you will need to submit your application on their site directly.

      I hope this has helped.



  7. Default Gravatar
    March 20, 2015

    My son wont’s to purchase a second hand 2012 Nissan Navara ute and he is looking for a $25000 loan for 4 years what interest rate can you offer

    • Avatarfinder Customer Care
      March 20, 2015

      Hi Anthony,

      Thanks for your comment, but you’ve come through to – an online comparison service.

      If you’d like to submit an application for the NRMA Car Loan, please use the green and orange buttons above that will take you securely to their site.


  8. Default Gravatar
    March 19, 2015

    Hi i have just finished a part 9 debt agreement just wondering who’s the best company to use for a small $12000 car loan

    • Default Gravatar
      July 22, 2016

      Gav, I did a part 9 debt agreement. Thank god it was there to save me in a bad time. Anyway I think you still have to serve out your 7 yrs but after that if you’re still squeaky clean you’ll be right.

    • Avatarfinder Customer Care
      March 19, 2015

      Hi Gav,

      Thanks for your question.

      Please note that is an online comparison service and is not in a position to recommend specific products, providers and services.

      Due to the nature of your credit history, you may find it difficult trying to find a lender who is willing to loan you such a large amount.

      You may want to look at our page, borrow up to $5,000 with bad credit instead.


  9. Default Gravatar
    February 18, 2015

    I am looking to buy a 2001 Mercedes Benz S600 for $35,000. Originally the car cost over $400,000. Do you offer loans for this car ?

    • Avatarfinder Customer Care
      February 18, 2015

      Hi Murray,

      Thanks for your question.

      Please note that is an online comparison service and is not a product issuer. If you would like to discuss your eligibility or options, please get in touch with NRMA directly.

      Most lenders are willing to accept vehicles that are less than 5-7 years old as security for the loan. However, due to the high value of this vehicle NRMA may be able to consider this asset as an security.


  10. Default Gravatar
    February 16, 2015

    How much are the early repayment fees?

    • Avatarfinder Customer Care
      February 17, 2015

      Hi Josh,

      Thanks for your question.

      If you repay your loan in full and you are less than three quarters of the way through your loan term, you will be charged $200 or 2% of the loan amount, whichever is higher.


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