Whether you are after a loan for a new or second-hand car, or looking to refinance, RAC offers loans that are quick, simple to understand and, most importantly, a really great deal.
Why choose RAC Finance for your car loan?
Here's just a few of the benefits
Fixed interest rate from 5.70%
Fixed interest rate from 5.70% to get your dream car
No ongoing fees
We won’t charge you any monthly fees on your loans
Quick turnaround
Get your loan pre-approved in 7 working hours1 and receive the money fast
Easy to apply
Apply online, over the phone on 13 17 03 or in person at one of our Member Service Centres.Fixed interest rates from only 5.70%
| Loan amount | Interest rates | Comparison rate2 |
|---|---|---|
| Secured loans | ||
| $8,000 - $14,999 | 8.50% p.a. | 10.52% p.a. |
| $15,000 - $24,999 | 7.00% p.a. | 7.77% p.a. |
| $25,000 - $44,999 | 6.20% p.a. | 6.61% p.a. |
| $45,000 and over | 5.70% p.a. | 6.11% p.a. |
| Unsecured loans | ||
| All unsecured loans | 13.00% p.a. | 15.07% p.a. |
There are no monthly account-keeping fees with RAC Finance. A one-off establishment fee of $299^ plus an $8.00 Personal Properties Securities Registration (PPSR) fee may apply. An early termination fee of $225 may apply if a loan is paid out in the first 24 months.
Get a quote & apply
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Important notice before starting your RAC Finance loan application
We have made some temporary changes to our credit policy during COVID-19. Please ensure you meet the below criteria before proceeding
- You have full time permanent employment, with a minimum of 1 year in the role
- The purpose of your loan is for a car, debt consolidation or refinancing
Calculate your repayments and apply for a loan
Frequently Asked Questions
Applicants need to be:
- Over 18 years of age
- Be receiving an income
- Hold a valid Australian driver's licence or learner's permit
- Security must be registered in WA at time of loan settlement
- You're an Australian Citizen or permanent resident and reside in WA
- Free from bankruptcy for 7 years
Once we receive your signed loan documents and the loan has settled, your funds can be received.
- Funds via EFT or BPAY will arrive in the following 24 – 48 hours (time frames may vary depending on your bank)
There are no monthly account-keeping fees with RAC Finance. A one-off establishment fee of $299^ plus an $8.00 Personal Properties Securities Registration (PPSR) fee may apply. An early termination fee of $225 may apply if a loan is paid out in the first 24 months.
Not right for you?
Considering a different personal loan? Take a look at the other personal loan options
Get into your next ride sooner
Become a member when you get RAC Finance
As a member you get access to great discounts & offers
