NRMA Personal Loans

Rates and Fees verified correct on December 10th, 2016

If you need a loan to finance the purchase of a new car, motorbike, caravan or motorhome, an NRMA Car Loan can give you access to the funds you need.

NRMA offers a Car Loan to borrowers who want to buy new or used vehicles. This loan allows you to acquire cars, caravans, motorbikes or motorhomes. With its competitive interest rate, flexible repayments and customer service, the loan is an option worth considering.

NRMA also offers a further 1% p.a. off the interest rate if you are an NRMA member. Applicants can also expect a relatively fast approval process when they apply for a loan.

NRMA Car Loan

NRMA Personal Loan Offer

The NRMA car loan is a fixed rate offering with no ongoing fees

  • Interest Rate From: 6.20% p.a.
  • Comparison Rate: 6.73% p.a.
  • Interest Rate Type: Fixed
  • Application Fee: $378
  • Minimum Loan Term: 1 year
  • Maximum Loan Term: 7 year
  • Minimum Loan Amount: $15,000
  • Maximum Loan Amount: $100,000

How do NRMA personal loans compare?

Rates last updated December 10th, 2016
$
Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Repayment
NRMA Car Loan
Purchase a new car with an NRMA Car Loan with a fixed rate term and no monthly fees.
From 6.2% (fixed) 6.73% $15,000 1 to 7 years $378 Go to site More
Rates last updated December 10th, 2016
$
Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Repayment
HSBC Personal Loan
A competitive fixed interest rate loan with the option to make extra repayments. Min. income $30,000
From 11.99% (fixed) 12.54% $5,000 1 to 5 years $150 Go to site More
Latitude Personal Loans (Unsecured)
An unsecured loan designed for multiple purposes – renovating, buying a car or travelling. Funds can be in your count in as little as 24 hours.
From 13.99% (fixed) 15.2% $3,000 2 to 7 years $250 (Loans under $4000 - $140) Go to site More
CUA Discount Fixed Personal Loan (Loans over $30,000)
Take advantage of a competitive fixed rate and no monthly fees when you borrow over $30,000
From 10.99% (fixed) 10.99% $30,000 1 to 7 years $0 Go to site More
ANZ Fixed Rate Personal Loan
A flexible loan option that lets you pay off your debt, buy a car, fix up your house or cover travel costs.
From 13.95% (fixed) 14.81% $5,000 1 to 7 years $150 Go to site More
MoneyPlace P2P Loan
Interest rates from 8.90% p.a to 17.25% p.a. Comp rates from 8.90% p.a to 19.01% p.a depending on your credit score.
From 8.9% (fixed) 8.9% $5,000 3 to 5 years 0% - 3.75% of loan amount Go to site More
RateSetter Personal Loan
Ratesetter allow you to get a personalised rate based on your credit score.
From 9.42% (fixed) 9.42% $2,001 0.5 to 5 years $0 (fees may be charged) Go to site More
NOW FINANCE Personal Loans
Get rewarded with a low interest rate for your good credit history.
From 9.95% (fixed) 11.41% $4,000 1.5 to 7 years $395 (Based on $10,000) Go to site More
RACQ Unsecured Loan
An unsecured personal loan that lets you borrow funds for what you need. Repay the loan on terms up to seven years.
From 13.95% (fixed) 14.52% $5,000 1 to 7 years $378 Go to site More
CUA Discount Variable Personal Loan (Loans over $30,000)
Apply for a loan over $30,000 and enjoy a discounted interest rate
From 10.89% (variable) 10.89% $30,000 1 to 7 years $0 Go to site More
NAB Personal Loan Unsecured Variable Rate
A low interest rate loan with redraw facility to access money you've paid in advance.
From 13.69% (variable) 14.56% $5,000 1 to 7 years $150 Go to site More
NAB Personal Loan Unsecured Fixed
An unsecured loan available for a wide range of purposes for a long period of time up to 7 years.
From 14.19% (fixed) 15.06% $5,000 1 to 7 years $150 Go to site More
ANZ Variable Rate Personal Loan
A variable rate loan that lets you make and redraw additional repayments.
From 14.69% (variable) 15.55% $5,000 1 to 7 years $150 Go to site More

Types of personal loans offered by NRMA

As a company that specialises in motoring services, NRMA offers one type of personal loan: Car Loans. These loans are designed to meet the needs of aspiring car owners at any stage of their lives. It doesn’t matter if you want an new car, a used car or an expensive vehicle—or a motorbike, caravan or motorhome—as the NRMA Car Loan is designed to suit a wide range of borrowers.

Features and benefits of an NRMA personal loan

  • Five-hour approvals. Find out if you can get a loan within five hours of applying. NRMA also offers pre-approvals so you can negotiate a better deal on your vehicle.
  • Next-day funding. Once the paperwork has been sorted, NRMA will give you access to the funds on the next working day.
  • No maintenance fees. NRMA does not charge a monthly loan maintenance fee and there are no additional hidden fees.
  • Secure fixed rate. Enjoy the peace of mind that comes with knowing exactly how much you have to repay during the term of your loan with a fixed rate.

What other products does NRMA offer?

  • Roadside assistance. Get help when you need it most with NRMA’s roadside assistance service. NRMA can provide quick and convenient service if your car breaks down or if you need a tyre replaced.
  • Driving school. Learn how to drive with the help of a qualified instructor from NRMA.
  • Motor servicing. If your car needs some repairs or some parts replaced, NRMA has a division that offers log book servicing and vehicle inspections.

How to apply for a personal loan from NRMA

NRMA will ask you to provide details of your identity and income. Some of the documents you have to present include your driver’s licence, proof of income and the value of your assets. For self-employed applicants, financial statements will be required.

The application for the loan can be completed online or over the phone. The process is quick and you can receive a notification of pre-approval after five hours.

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This page was last modified on 19 February 2016 at 5:52.

HSBC Personal Loan

A competitive fixed interest rate loan with the option to make extra repayments. Min. income $30,000

Latitude Personal Loan (Secured)

Can be used for whatever purpose: renovating, buying a car, booking a holiday. Funds can be in your account in as little as 24 hours.

CUA Discount Variable Personal Loan (Loans over $30,000)

Apply for a loan over $30,000 and enjoy a discounted interest rate

SocietyOne Unsecured Personal Loan

Interest rates for a 3 year loan range from 7.88% p.a. to 25.49% p.a. Comparison rate from 9.9% p.a. to 26.74% p.a. depending on your credit score

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4 Responses to NRMA Personal Loans

  1. Default Gravatar
    Andy | January 16, 2016

    Hi Can you refinance are car you own outright?

    • Staff
      Elizabeth | January 18, 2016

      Hi Andy,

      This isn’t possible as refinancing is referring to the loan you are paying for the car with. However, you may be able to take out a secured personal loan and use your car as a guarantee. You can compare some of your options on this page.

      I hope this has helped.

      Thanks,

      Elizabeth

  2. Default Gravatar
    Helen | August 12, 2015

    Do you have loans for scooters

    • Staff
      Elizabeth | August 12, 2015

      Hi Helen,

      Thanks for your question.

      You aren’t currently able to finance a scooter with a loan from NRMA, however you can compare your other secured loan options on this page.

      I hope this has helped.

      Thanks,

      Elizabeth

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