Build your loan
Flexible options to choose from: 3–7 years for your loan term, monthly or fortnightly payments, BPAY or direct debit.
No ongoing fees
No monthly fees means you can save money and pay off your loan faster.
Real people, real support
Need help or have a question? Speak with our local loan specialists for tailored guidance.
Quick turnaround
Quotes available in minutes and loan pre-approvals within 7 business hours.1
Competitive rates for your car loan
Fixed interest rates from only 7.70% p.a. and comparison rates from 8.42% p.a.2 Plus a 0.50% p.a. rate discount for electric vehicles.*
| Loan amount | Interest rates | Comparison rate2 |
|---|---|---|
| Secured loans | ||
| $8,000 - $29,999 | 10.95% p.a. | 11.70% p.a. |
| $30,000 - $49,999 | 9.55% p.a. | 10.29% p.a. |
| $50,000 - $69,999 | 7.95% p.a. | 8.67% p.a. |
| $70,000 and over | 7.70% p.a. | 8.42% p.a. |
There are no monthly account-keeping fees with RAC Finance. A one-off establishment fee of $499^ plus an $8.00 Personal Properties Securities Registration (PPSR) fee may apply. An early termination fee of $499 may apply if a loan is paid out in the first 24 months.
How to apply for a car loan
Get a quote
In as little as three minutes, you’ll receive a custom quote. If you’re happy with it, move forward with your application.
Apply for a loan
We’ll help you through the process, coordinating paperwork, contract signatures and a payment schedule.
Buy your ride
Funds are usually released within 48 hours of settlement, so you can get into your dream car sooner.
Frequently asked questions
What is the criteria for applying for an RAC Finance car or personal loan?
Applicants need to be:
- Over 18 years of age
- Be receiving an income
- Hold a valid Australian driver's licence or learner's permit
- You're an Australian Citizen or permanent resident and reside in WA
- Free from bankruptcy for 5 years
What is RAC Finance's loan approval time?
Once you submit your loan application, RAC Finance will be in contact within 7 working hours*.
How long until I get my money and how will I receive it?
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)
I haven't chosen my car yet. Can I get a pre-approval for a car loan with RAC Finance?
Yes, you can. We can conditionally approve a car loan before you decide on your dream car. Pre-approvals are valid for 30 days.
What fees will I have to pay?
There are no monthly account-keeping fees with RAC Finance. A one-off establishment fee of $499^ plus an $8.00 Personal Properties Securities Registration (PPSR) fee may apply. An early termination fee of $499 may apply if a loan is paid out in the first 24 months.
Your first loan made simple
Applying for a loan can feel daunting, especially if you’ve never done it before.
Take a look at these videos that break the process down a little further.
Become a member when you take out a car loan
As a member, you get access to great discounts and offers.
