Whatever you need a personal loan for, RAC Finance can lend you just about any amount of money at great rates, flexible payment options and a loan term to suit you. Get your personal loan with a local WA brand you can trust.
What is the purpose for your personal loan?
| Purchase a new or used vehicle^ .this is the choice. | Refinance or consolidate your debts | Other worthwhile purpose | Unsecured Loan | ||
|---|---|---|---|---|---|
| A secured loan for your next new or used car, boat, caravan, motorcycle or jetski | Refinance your current vehicle loan for a better deal or consolidate your debts into one easy repayment | A secured loan to renovate your home, go travelling or any other worthwhile purpose | An unsecured loan for home owners for any worthwhile purpose like a wedding, house renovations or a holiday | ||
| Loan security | |||||
| Loan security | The new or used vehicle^ you're buying* | Your current vehicle^* | Your current vehicle^* | No security (you must be a home owner) | |
| Personal or Business use | |||||
| Personal or Business use | Personal or business use for car only | Personal or business use for car refinance only | Personal use | Personal use | |
| Pre-approvals | |||||
| Pre-approvals | Within 7 working hours* | Within 7 working hours* | Within 7 working hours* | Within 7 working hours* | |
| Loan amount | |||||
| Loan amount | $8k - $100K | $8k - $100K | $8k - $100K | $8k - $20K | |
| Loan term | |||||
| Loan term | 3 - 7 years | 3 - 7 years | 3 - 7 years | 3 - 5 years | |
| Establishment fee | |||||
| Establishment fee | $299 | $299 | $299 | $299 | |
| Ongoing fees | |||||
| Ongoing fees | None | None | None | None | |
| Early Repayment fees | |||||
| Early Repayment fees | $225 in the first 2 years | $225 in the first 2 years | $225 in the first 2 years | $225 in the first 2 years | |
| Extra payments without a fee | |||||
| Extra payments without a fee | Yes | Yes | Yes | Yes | |
| Repayments | |||||
| Repayments | Fixed fortnightly or monthly | Fixed fortnightly or monthly | Fixed fortnightly or monthly repayments | Fixed fortnightly or monthly | |
| Apply Apply | Apply Apply | Apply Apply | Apply Apply | ||
Loans for almost any purpose
Car Loan
A personal loan can be just what you need so you can afford to upgrade to something newer.
Debt Consolidation
Personal loans are a good option to consolidate your debts and organise finances. There's no better time to get control of your finances than now.
Home improvements
If you've got an endless list of DIY home improvement projects you can't wait to start but can't quite afford, a personal loan can be a great way of bringing your projects to life.
Holiday or travel
Are you looking for a well-earned getaway? A personal loan can help you afford the holiday you really want.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.
Why get a loan with RAC Finance?
- RAC Finance does pre-approvals
- Competitive interest rates with no monthly or ongoing fees. None.
- Fixed interest rate
- Rate is fixed for the term of the loan so your repayments remain the same, even if official rates increase. - Flexible loan terms from 3 to 7 years
- Flexible repayment options
- Monthly or fortnightly by BPAY, direct debit, cash, cheque or at an RAC Member Service Centre.
* Applications subject to RAC Finance Limited lending criteria. Fees and charges are payable. If the conditions of your loan have been met, the loan contract will be available for signing the following business day and the funds will be processed either via cheque, BPAY or EFT 24-48 hours from settlement. Time frames may vary depending on your bank. Terms and conditions apply. Australian Credit Licence 387972.
View useful RAC Finance documents regarding your loan.
What is the power of membership?
You become part of RAC
We don’t have shareholders, just members. We reinvest our profits back into our members and the community for the better of WA.
Discounts & special offers
As an RAC member, you get access to great benefits, like discounts on over 100 retail partners and RAC products & services.
Creating a better WA
By being a member, you support the work we do around road safety, the environment and mobility to create a better WA.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.
