RACQ Secured Personal Loan

Borrow from $5,000 up to $100,000. This loan is secured, has terms up to 7 years and costs include interest charges.

  • Must read: Loan no longer available
    This loan is no longer available. The information below has been left for existing customers and as a point of reference.
    You can compare your other secured personal loan options here.

RACQ’s secured personal loan can be used to purchase cars, caravans, watercraft and motorcycles. Borrowing amounts range from $5,000 up to $100,000 with terms from 1 to 7 years. The loan will be secured against your purchase. It also features a fixed interest rate, meaning that your repayments will remain constant throughout the lifetime of your loan. Interest rates start from 9.45% p.a., with a comparison rate of 10% p.a.

9.45% (fixed)

Interest Rate (p.a.)

10%

Comparison Rate (p.a.)

$5,000

Min Loan Amount

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Details

Product NameRACQ Bank Secured Personal Loan
Interest Rate (p.a.)9.45% (fixed)
Comparison Rate (p.a.)10%
Interest Rate TypeFixed
Min Loan Amount$5,000
Max. Loan Amount$100,000
Loan SecuritySecured

Main ponts to consider with an RACQ Secured Personal Loan

The RACQ Secured Personal Loan can be used to finance a range of new or used vehicles including cars, caravans, watercraft and motorcycles. Interest rates for the loan start at 9.45% p.a. but that actual rate that applies to your account will depend on RACQ's lending criteria. Rates are fixed and you can repay your loan over a term between 1 to 7 years.

Features of an RACQ Secured Personal Loan

This Secured Personal Loan from RACQ offers a number of features, including:

  • Fixed interest rate. You'll be offered a fixed interest rate when you receive your loan contract. While the rate you're offered is based on RACQ's lending criteria, rates start from a competitive 9.45% p.a.
  • Pre-approval. Getting a good price on your vehicle starts with being able to negotiate at point-of-sale, which you can do with pre-approval. This is offered with RACQ's Secured Loan.
  • Quick loan turnaround time. The application form is quick and one of RACQ's staff will advise you of your application's outcome in about 24 hours.
  • Repayment flexibility. You can make additional repayments at any time. For ongoing repayments, you can choose to make them fortnightly or monthly via a direct debit facility.
  • No monthly fees. No monthly account-keeping fees apply.
  • Loan terms. You can choose loan terms between 1 to 7 years.

How much will the loan cost?

The interest rate that will apply to your account will be offered to you in your loan contract. When you submit your application, RACQ will calculate your interest rate based on its lending criteria. Interest rates are fixed and start from 9.45% p.a. with the comparison rate starting from 10% p.a.

Ready to apply for the Secured Personal Loan?

If you're ready to apply, you can click "Go to Site" to be transferred to RACQ's website. To be eligible for this loan you need to meet the below criteria:

  • You want to borrow at least $5,000
  • You're over the age of 18
  • You're an Australian citizen, permanent Australian resident or on an approved working visa

If you meet these criteria you may be eligible to apply. Have the following details on hand to complete your application:

  • Personal details including your name and contact information
  • Information regarding your employment
  • All details about your financial, such as your income and debts

Once you've submitted your application you should find out within 24 hours whether you've been approved.

Compare other personal loans

$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment
IMB New Car Loan
4.88% (fixed)
5.23%
$2,000
1 to 7 years
$275.12 ($250 Application fee + $25.12 PPSR fee)
$0
You'll receive a fixed rate of 4.88% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one that's up to two years old.
Wisr Secured Car Loan
From 4.74% (fixed)
5.01%
$5,000
3 to 7 years
$195 for refinance and dealer sale ($245 for private sale)
$0
You'll receive a personalised interest rate from 4.74% p.a. to 16.01% p.a. based on your risk profile
A flexible car loan from $5,000 - $63,000 with personalised rates and rewards for strong credit customers.

⭐Special Offer: Wisr's standard establishment fee $605 will be reduced to $195 for applications submitted through Finder. T&Cs apply.
Credit Concierge Car Loan
From 3.69% (fixed)
4.23%
$10,000
1 to 7 years
$350
$8.50
You'll receive a fixed rate of 3.69% p.a. with a comparison rate of 4.23% p.a.
Get access to over 20 providers to fund a new or used car.
Plenti Car Loan
From 4.89% (fixed)
5.44%
$10,001
3 to 7 years
from $249 to $799
$0
You'll receive a fixed rate from 4.89% p.a.
Borrow up to $100,000 with a Plenti Car Loan and benefit from no early repayment or exit fees.
loans.com.au - New and Dealer Used Car Loan
3.99% (fixed)
4.53%
$5,000
3 to 5 years
$400
$0
You'll receive a fixed rate of 3.99% p.a. based on your risk profile
Finance a new car and benefit from features such as fast approval, no ongoing fees and an optional balloon payment. Special offer: Settle the loan before 30 June 2022 and enter the draw to win a $1,000 fuel gift voucher. Terms and conditions apply.
Stratton Finance New Car Loan
From 3.69% (fixed)
5.27%
$10,000
3 to 7 years
$700
$8.25
You'll receive a fixed rate from 3.69% p.a. depending on the lender you are approved with
Apply for up to $250,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.
NRMA New Car Loan
From 4.99% (fixed)
5.69%
$5,000
1 to 7 years
$499
$0
You'll receive a fixed rate from 4.99% p.a.
Purchase a new or used car up to 3 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.
NAB Personal Loan Unsecured Fixed
From 6.99% (fixed)
7.91%
$5,000
1 to 7 years
$150
$10
You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
Borrow from $5,000 to $55,000, with 1 to 7 year loan terms available. This loan comes with no fees for extra repayments and no early exit fees.
Driva Car Loan
From 2.85% (fixed)
4.39%
$2,000
1 to 7 years
$295 (Varies by lender, starting from $295)
$10
You'll receive a fixed rate from 2.85% p.a.
Borrow up to $250,000 with loan terms from 1 to 7 years. Get access to a range of lenders.
OurMoneyMarket Car Loan
From 5.35% (fixed)
5.65%
$2,001
1 to 7 years
$250
$0
You'll receive a fixed interest rate from 5.35% p.a. to 14.99% p.a. based on your risk profile.
Borrow between $2,001 and $75,000 to finance a new or used car up to 7 years.
NRMA Used Car Loan
From 6.24% (fixed)
6.94%
$5,000
1 to 7 years
$499
$0
You'll receive a fixed rate from 6.24% 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.
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Compare up to 4 providers

Personal Loan Offers

Important Information*
Logo for Harmoney Unsecured Personal Loan
Harmoney Unsecured Personal Loan

You'll receive a fixed rate between 5.35% p.a. and based on your risk profile.
Apply for a loan up to $50,000 and repay your loan over 3 or 5 years terms.

Logo for ANZ Fixed Rate Personal Loan
ANZ Fixed Rate Personal Loan

You'll receive a fixed rate of 8.99% p.a.
Apply for up to $50,000 to use for a variety of purposes without needing to add security. Available to self-employed applicants.

Logo for NAB Personal Loan Unsecured Fixed
NAB Personal Loan Unsecured Fixed

You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
Borrow from $5,000 to $55,000, with 1 years to 7 years loan terms available. This loan comes with no fees for extra repayments and no early exit fees.

Logo for SocietyOne Unsecured Personal Loan
SocietyOne Unsecured Personal Loan

You'll receive a fixed rate between 5.95% 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.

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