Why choose RAC for your unsecured loan?


Competitive fixed interest rate of 16.50% p.a. (comparison rate 17.03% p.a.)

Know what your repayments will be with a fixed interest rate.

Sign your loan contract easily online

Quick, easy digital signing option.

No ongoing fees

We won’t charge you any monthly fees on your loan.

Borrow up to $20,000

You can borrow between $8,000 and $20,000 with an unsecured loan

Quick turnaround

Get your loan pre-approved in 7 working hours and receive the money fast.*

Easy to apply

Apply online, over the phone on 13 17 03 or in person at one of our Member Service Centres.

Get a quote & apply

Calculate your repayments and apply for a loan

Fixed rate of 16.50% p.a. on your unsecured loan. Comparison rate 17.03% 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 11.05% p.a.  11.57% p.a. 
$50,000 - $64,999 8.85% p.a.   9.36% p.a.
$65,000 and over 7.80% p.a. 8.30% 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.

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.

Frequently Asked Questions