NRMA Car Loan

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.

Product NameNRMA New Car Loan
Interest Rate (p.a.)From 5.99% (fixed)
Comparison Rate (p.a.)6.55%
Interest Rate TypeFixed
Min Loan Amount$5,000
Max. Loan Amount$100,000
Loan SecuritySecured


  • Quick and easy application process
  • Low fixed-interest rates
  • No monthly fees


  • Minimum loan amount $5,000
  • $399 application fee for general applicants
  • $485 application fee for sub-prime applicants
  • $445 application fee for commercial applicants
  • Early termination fee of $205

Main points to consider with the NRMA Car Loan

The NRMA Car Loan comes with a fixed interest rate of 5.99% p.a. The loan is suitable for a range of vehicle types, include new and used cars, 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 5.99% 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 5.99% p.a.
  • Loan terms. You can choose loan terms to help keep your repayments manageable – terms are available between 1 year(s) and 7 year(s).
  • 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 $100,000
  • 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.

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Car Loan Offers

Important Information*
Latitude New and Used Car Loan

You'll receive a fixed rate between 6.99% p.a. and 14.99% p.a. based on your risk profile
Apply for a loan from $5,000 to finance a new or used car. Flexible repayments and options to finance a classic car. - New Car Loan

You'll receive a fixed rate of 5.44% p.a.
Finance a new car and benefit from features such as fast approval, no ongoing fees and an optional balloon payment.

Stratton Finance New Car Loan

You'll receive a fixed or variable rate depending on the lender you are approved with
Apply for up to $100,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.

Beyond Bank Low Rate Car Loan "Special Offer"

You'll receive a fixed rate of 5.69% p.a.
Take advantage of a competitive rate, pre-approval and no early repayment fees when you finance a car under two years old.

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68 Responses

  1. Default Gravatar
    IngridFebruary 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.


    • finder Customer Care
      LouFebruary 1, 2017Staff

      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
    KailieApril 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?

    • finder Customer Care
      ElizabethApril 21, 2016Staff

      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?


    • finder Customer Care
      ElizabethFebruary 8, 2016Staff

      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%

    • finder Customer Care
      ElizabethJuly 26, 2016Staff

      Hi Dan,

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



  4. Default Gravatar
    TaraDecember 17, 2015

    can I get a secured car loan for $12 000

    • finder Customer Care
      ElizabethDecember 18, 2015Staff

      Hi Tara,

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



  5. Default Gravatar
    AlexiusSeptember 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?

    • finder Customer Care
      ElizabethSeptember 16, 2015Staff

      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
    JoshuaSeptember 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

    • finder Customer Care
      ElizabethSeptember 15, 2015Staff

      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
    AnthonyMarch 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

    • finder Customer Care
      MattMarch 20, 2015Staff

      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
    GavMarch 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.

    • finder Customer Care
      ShirleyMarch 19, 2015Staff

      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
    MurrayFebruary 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 ?

    • finder Customer Care
      ShirleyFebruary 18, 2015Staff

      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
    JoshFebruary 16, 2015

    How much are the early repayment fees?

    • finder Customer Care
      ShirleyFebruary 17, 2015Staff

      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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