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.

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Low interest rates and no monthly fees

Loan amount Interest rates Comparison rate*
$45,000 and over 6.20% p.a. 6.58% p.a.
$25,000 - $44,999 6.70% p.a. 7.08% p.a.
$15,000 - $24,999 7.50% p.a. 8.21% p.a.
$8,000 - $14,999 9.00% p.a. 10.86% p.a.
All unsecured loans 13.50% p.a. 15.41% p.a.

Product benefits

  • No monthly fees on your loans
  • 7 working hour approval*
  • Competitive fixed interest rates
  • Choose from a 3 to 7 year loan term
  • Cheques available within 24 working hours*

How do I apply?

Apply online or speak to a consultant at the Contact Centre on 13 17 03. Alternatively drop in to a Member Service Centre. 

What is the criteria?

    Applicants need to be:


    • Over 18 years of age
    • 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
    • Be receiving an income

    How long will it take?

    A Loan Assessor will contact you within 7 working hours of your application being submitted. If you’re pre-approved and get your paperwork back to us by noon on any business day, you can sign your loan documents the following business day at one of our Member Services Centres. 


    How long until I get my money?

    Once a loan is approved, documentation will be available for you to sign at your choice of Member Service Centre. If you prefer a cheque, it will be available for collection. Funds transferred electronically will be paid 24 - 48 hours after signing.

    *Applications subject to RAC Finance Limited lending criteria. Fees and charges are payable. Funds available via cheque within 24 hours provided that approved customers supply required documentation to RAC Finance by midday on any working day. Terms and conditions apply. Australian Credit Licence 387972.
    View useful RAC Finance documents regarding your loan.

    *Loan comparison rate 
    Comparison rates for secured loans between $8,000 and $14,999 and all unsecured loans are based on a $10,000 loan over 3 years. Comparison rates for secured loans between $15,000 and $24,999 are based on a $20,000 loan over 4 years. Comparison rates for secured loans over $25,000 are based on a $30,000 loan over 5 years. The comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.