RACQ Personal Loan

RACQ’s unsecured personal loan has borrowing amounts from $3,000 up to $60,000 and a maximum term of 5 years. This personal loan can be used for any purpose, including but not limited to the purchase of a vehicle. You can use it to fund weddings, holidays and other large personal expenses. This loan is unsecured and so does not require an asset as security. The interest rate is also variable, meaning that it will fluctuate on a monthly basis based on the market interest rates. RACQ is offering a special rate for personal loans, with the rate starting from 9.99% p.a., and a comparison rate of 10.16% p.a. Fees include an establishment fee of $0 and a document preparation fee of $120.

Compare RACQ personal loans

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Product	Interest Rate (p.a.)	Comp. Rate (p.a.)	Application Fee	Monthly Fee	Monthly Repayment
RACQ Bank Personal Loan Variable1 - 5 Years $3,000 - $60,000	Interest Rate (p.a.) 9.99%	Comp. Rate (p.a.) 10.16%	Application Fee $0	Monthly Fee $0	Monthly Repayment $967.87	ContinueMore info Compare product selection Compare	loading Fetching your data...

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RACQ offers the following personal loans to suit your financing needs:

• RACQ Bank Personal Loan Special. Go on a holiday, purchase furniture, make home renovations or anything else you like with the unsecured loan options. Variable rates start from 9.99% p.a. and you can find out if you've been approved 24 business hours after you've applied.

What features come with an RACQ personal loan?

• Variable interest rate. The unsecured loan options from RACQ come with variable interest rates, helping you to budget your repayments during your entire loan term.
• Loan terms and loan amount. You can apply for loan terms up to five years. You can apply for up to $60,000 for the unsecured loan.
• Pre-approval. Secure pre-approval so you can purchase with confidence – available with both the secured and unsecured loans. You can find out if you've been pre-approved 24 hours after you apply.
• Flexible loan purposes. Pay for education expenses or even holiday. You can have your choice of loan so you opt for the one that suits your needs.
• Fast loan turnaround. You find out if you've been approved in 24 hours, or if you've applied for pre-approval you can find out in five hours. You will receive your loan 24 hours after this.
• 21-day satisfaction guarantee. If you change your mind about the loan for any reason, return the borrowed amount within 21 days and pay no penalty.

What other products does RACQ offer?

RACQ also offers a suite of products and services you can consider. These include:

• Car loans. As a vehicle-focused company, you can finance your vehicle with RACQ's new or used car loan. Competitive rates and fees are on offer.
• Insurance. If you're in the market for cover, RACQ offers car insurance CTP, caravan and trailer insurance, and also travel insurance.
• Roadside assistance. If you're a member, you can call on the RACQ if your car breaks down, if you need a tow, a tyre change or even emergency fuel.

How you can apply for a personal loan with RACQ

After comparing your loan options above and settling on the loan option that's right for you, you can click "Go to Site" to get the application started. The minimum eligibility criteria is:

• You're over the age of 18
• You're an Australian citizen, permanent resident or on an approved working visa (for the secured loan)
• Have a good credit rating

If you meet these criteria you may be eligible to apply. Make sure you have the following documents on hand to complete your application:

• Personal details. Your name, contact information and proof of ID.
• Employment information. Your employer's name and contact details plus how long you've been employed there.
• Financial details. Your income, debts, assets and liabilities.

Once you've sent through this information you will find out if you've been approved soon

Compare other products from RACQ

• RACQ home loans
• RACQ savings accounts
• RACQ term deposits
• RACQ car loans
• RACQ health insurance
• RACQ travel insurance
• RACQ home insurance
• RACQ car insurance
• RACQ motorcycle insurance
• RACQ caravan insurance
• RACQ pet insurance
• RACQ life insurance

Written by

Elizabeth Barry

Journalist

Elizabeth Barry is an experienced journalist with over 10 years of expertise in personal finance, contributing to outlets like the ABC, Sydney Morning Herald, and 7News. She holds a Master of Arts in Creative Writing and a Bachelor of Arts in Communication from the University of Technology Sydney, and has earned multiple award nominations, including a Highly Commended recognition at the 2017 Lizzies. Elizabeth began her career at Finder in 2013, progressing through roles to become Lead Editor, where she oversaw a wide range of personal finance coverage until 2024. See full bio

Elizabeth's expertise

Elizabeth has written 208 Finder guides across topics including:

• Banking
• Personal finance
• Investing