RACQ Unsecured Personal Loan

Quick approvals and a 21-day satisfaction guarantee with the RACQ Unsecured Personal Loan

If you're looking to make a large purchase, are planning a holiday or want to invest in something, an unsecured personal loan such as this offering from RACQ is one to consider. RACQ offers you a competitive rate and easy repayments for a loan you can pay off over a term up to 5 years. To find out if this loan is for you, read the review below.

Product NameRACQ Unsecured Personal Loan
Interest Rate (p.a.)12.95% (variable)
Comparison Rate (p.a.)13.25%
Interest Rate TypeVariable
Min Loan Amount$3,000
Max. Loan Amount$60,000
Loan SecurityUnsecured


  • No monthly service fee
  • No security is required
  • Pre-approval is available


  • Application fee of $200

Things to consider

The RACQ Unsecured Personal Loan comes with a fixed rate of interested from 12.95% p.a., with the actual rate being offered to you in your loan contract. You should also confirm all fees in your loan contract before accepting, by speaking to an RACQ finance consultant. This loan is suitable for a range of purposes, from making a large purchase such as a new or used vehicle, furniture, taking a holiday, paying for your education, or for debt consolidation.

Features of an RACQ Unsecured Personal Loan

There are various features that make this loan worth considering:

  • Interest rate. You'll be offered a fixed interest rate from 12.95% p.a.
  • Pre-approval. If you want the confidence of shopping with your loan amount in hand, pre-approval is available.
  • No monthly fees. You won't be charged monthly account-keeping fees.
  • Quick application and approval. The application doesn't take long, and you can usually find out if you've been approved within 24 hours.
  • Loan terms. You can repay your loan over a period up to 5 years.
  • Repayment options. You have the choice of fortnightly or monthly repayments via direct debit. You can also make extra repayments at any time.
  • 21-day satisfaction guarantee. If you change your mind about the loan, you can cancel it in the first 21 days without penalty.

How much will the loan cost?

The loan comes with a fixed rate of interest starting from 12.95% p.a., with the comparison rate starting from 13.25% p.a. The rate you are offered is subject to RACQ's lending criteria, and you can check it in your loan contract.

Here's how to apply for RACQ's Unsecured Personal Loan

If you're ready to apply with RACQ, click "Go to Site" to start your application. It will only take around ten minutes to complete and you should find out if you've been approved within five hours. You'll need to meet the following eligibility criteria to apply for the loan:

  • Over the age of 18
  • An Australian citizen or permanent resident
  • Able to manage the loan repayments

Make sure you have the following on hand to complete your application:

  • Personal details. Your name, address and contact information.
  • Employment. Your employer's name and details about your employment.
  • Financial. Details of your income, assets and liabilities.

Once you've sent through your application an RACQ finance consultant may be in touch to clarify information provided in your application.

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6 Responses

  1. Default Gravatar
    February 8, 2018

    Hi there, before I apply for a loan I am hoping to find the lender most likely to approve a loan for me. I am currently casual employment and have been employed with the same company for 9 months now. I make 840 after tax weekly and spend on all my living costs about 500. I own a car worth 7-8 grand and am hoping t o buy a second vehicle a ute for 5-6000$ and have money to put towards some tools to make extra money after work. Im hoping to get a 10000 loan and have repayments of 70-80$ a week.. what is my best choice to find the lender that will most likely lend to me? Btw I have no other loans

    • Staff
      RenchFebruary 28, 2018Staff

      Hi Jake,

      Thanks for your inquiry.

      There are possible lenders you can speak to for your loan options and chances approval on this page.

      Please click the name of your preferred lender to find out the details and the minimum eligibility. You may then click the green “Go to Site” button to submit your loan application online if you think you’re ready.

      Best regards,

  2. Default Gravatar
    DanielApril 5, 2017

    If i pay out a loan earlier than expected is there any charges?

    • Staff
      HaroldApril 5, 2017Staff

      Hi Daniel,

      Thank you for your inquiry.

      Basically, you have the choice of fortnightly or monthly repayments via direct debit. You can also make extra repayments at any time.

      I hope this information has helped.


  3. Default Gravatar
    kimJuly 9, 2016

    I wanted to borrow $25K P/L asap, thanks

    • Staff
      ElizabethJuly 11, 2016Staff

      Hi Kim,

      If you meet the minimum criteria you can submit your application on RACQ’s website.

      I hope this helps,


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