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
Important notice before starting your RAC Finance loan application
We have made some temporary changes to our credit policy during COVID-19. Please ensure the purpose of your loan is for a car, caravan, debt consolidation or refinancing.
Calculate your repayments and apply for a loan
Fixed interest rates from only 5.70%
|Loan amount||Interest rates||Comparison rate2|
|$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.|
|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.
- 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?
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
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.