NRMA Personal Loans

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 Personal Loan Offer

NRMA New Car Loan

From

5.99 % p.a.

fixed rate

From

6.55 % p.a.

comparison rate

  • Low fixed interest rate
  • No ongoing fees
  • Borrow from $5,000
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NRMA Personal Loan Offer

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

  • Interest rate from: 5.99% p.a.
  • Comparison rate: 6.55% p.a.
  • Interest rate type: Fixed
  • Application fee: $399
  • Minimum loan amount: $5,000
  • Maximum loan amount: $100,000
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Compare NRMA Loans

Rates last updated October 17th, 2018
$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Monthly Service Fee Application Fee Product Description Monthly Repayment
NRMA New Car Loan
From 5.99% (fixed)
6.55%
$5,000
1 to 7 years
$0
$399
You'll receive a fixed rate of 5.99% p.a.
Purchase a new car with this loan and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.
NRMA Used Car Loan
From 6.99% (fixed)
7.55%
$5,000
1 to 7 years
$0
$399
You'll receive a fixed rate of 6.99% p.a.
Finance a used car with NRMA and benefit from a fixed rate term and no monthly fees. Pre-approval available within 5 business hours.
NRMA Motorcycle Loan
From 6.99% (fixed)
7.55%
$5,000
1 to 7 years
$0
$399
You'll receive a fixed rate of 6.99% p.a.
Finance a new or used motorcycle with a loan up to . No monthly fees and flexible repayments available.
NRMA Boat Loan
From 6.99% (fixed)
7.55%
$5,000
1 to 7 years
$0
$399
You'll receive a fixed rate of 6.99% p.a.
Finance a new or used boat with a loan up to . No monthly fees and flexible repayments available.
NRMA Caravan Loan
From 5.99% (fixed)
6.55%
$5,000
1 to 7 years
$0
$399
You'll receive a fixed rate of 5.99% p.a.
Finance a new or used caravan with a loan up to . No monthly fees and flexible repayments available.

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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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Important Information*
HSBC Personal Loan

You'll receive a fixed rate between 9.5% p.a. and 15.99% p.a. based on your risk profile
An unsecured personal loan with a tailored, fixed rate where you can make additional and early repayments without penalty.

Citi Personal Loan Plus

You'll receive a variable rate between 8.99% p.a. and 17.99% p.a. (9.96% p.a. to 18.91% p.a. comparison rate) based on your risk profile
A credit limit up to $75,000 that you can continue to draw down over terms up to 5 years.

SocietyOne Unsecured Personal Loan

You'll receive a fixed rate between 7.5% p.a. and 19.99% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.

Latitude Personal Loan (Unsecured)

You'll receive a fixed rate between 13.99% p.a. and 29.99% p.a. based on your risk profile
Apply for what you need from $3,000 and use it for a range of purposes. Flexible repayments options.

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4 Responses

  1. Default Gravatar
    AndyJanuary 16, 2016

    Hi Can you refinance are car you own outright?

    • finder Customer Care
      ElizabethJanuary 18, 2016Staff

      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
    HelenAugust 12, 2015

    Do you have loans for scooters

    • finder Customer Care
      ElizabethAugust 12, 2015Staff

      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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