Car loan features and benefits

RAC car loans - features and benefits

• No ongoing fees.
• No monthly account keeping fees.
• Fast loan approvals – within 7 working hours (Monday to Friday, 8.30am to 5.00pm).
• Receive the cheque at your convenience within 24 working hours.
• Members get 2% p.a. off the standard interest rate and receive a reduced establishment fee.
• Not a member? You can become a member by taking out Affiliate Membership from as little as $29, or Roadside Assistance Membership. (The first year’s fees for Roadside Assistance Membership can be included in your loan, sign up when you apply, and we'll waive the joining fee.)
• Choose from a loan term ranging from 3 to 7 years.
• Flexible repayment options – make repayments monthly or fortnightly.
• Easy repayment methods – Bpay, direct debit, cash, cheque, or visit an RAC Member Service Centre.
• The interest rate is fixed over the term of the loan ensuring your repayments will not increase if official interest rates increase.
• Loans from $8,000 for new and used vehicles.
• Pre-approvals are available – know how much you can borrow before you go car shopping!