Whether you're consolidating your debts or it’s time to refinance your existing car loan, RAC Finance offer loans that are simple, easy to understand and most importantly a really great deal.
Get a quote & apply
Calculate your repayments and apply for a loan
Fixed interest rates from only 7.95% p.a.
Comparison rate 8.45% p.a.
| Loan amount | Interest rates | Comparison rate2 |
|---|---|---|
| Secured loans | ||
| $8,000 - $29,999 | 12.25% p.a. | 12.77% p.a. |
| $30,000 - $49,999 | 10.80% p.a. | 11.32% p.a. |
| $50,000 - $69,999 | 8.95% p.a. | 9.46% p.a. |
| $70,000 and over | 7.95% p.a. | 8.45% p.a. |
| Unsecured loans | ||
| All unsecured loans | 16.50% p.a. | 17.03% p.a. |
There are no monthly account-keeping fees with RAC Finance. A one-off establishment fee of $3491 plus an $8.00 Personal Properties Securities Registration (PPSR) fee may apply. An early termination fee of $400 may apply if a loan is paid out in the first 24 months.
Product benefits
- No monthly fees on your loans
- Quick turnaround
- Competitive fixed interest rates
- Choose from a 3 to 7 year loan term
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.
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 electronic signing the following business day and the funds will be processed by BPAY or EFT – 24-48 hours from settlement.
Terms and conditions
* 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 electronic signing the following business day and the funds will be processed by BPAY or EFT – 24-48 hours from settlement. Time frames may vary depending on your bank. Terms and conditions apply. Australian Credit Licence 387972.
* Loan comparison rate
The comparison rates are based on a $30,000 personal secured loan for a five year term. Warning: These comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts will result in different comparison rates.
