Important disclosure

RACV

Used Car Loan (VIC Only)

Real Time Rating™

  • $5k to $100k
  • 1 to 7 years
  • Fixed Rate
  • Secured
Interest Rate

8.49%

p.a

Comparison Rate*

9.21%

p.a

Real Time Rating™
Tags
  • $5k to $100k
  • 1 to 7 years
  • Fixed Rate
  • Secured
Interest Rate

8.49%

p.a

Comparison Rate*

9.21%

p.a

Calculate your repayments for this loan

$

Your estimated repayment

$615

based on $30,000 loan amount for 5 years at 8.49%

Pros and cons

For Used Car Loan (VIC Only)

Benefits

  • No ongoing fees
  • Flexible repayment options
  • Can apply online
  • Fast time to funding
  • Approval is instant

Drawbacks

  • Higher than average application fee
  • Cannot apply in branch

RACV Rate Car loan overview

For Used Car Loan (VIC Only)

Details

Total repayments

Interest rate type

Fixed

Borrowing range

$5k - $100k

Security type

Secured

Loan term

1 to 7 years

Secured by

Vehicle

Loan type

Is Fully Drawn Advance

Repayment frequency

Fortnightly, Monthly, Weekly

Age of car

4 to 15 years

Target Market Determination

Visit RACV to view Target Market Determination.

Features

Extra repayments

Yes

Redraw facility

Instant approval

Time to funding

24 hours

Fees

Upfront Fee

$499

Ongoing Fee

$0

Missed Payment Penalty

$0

Early Exit Penalty Fee

$325

Permitted Loan Purposes

New Car

Used Car

Motorcycle

Boat

Other Restrictions

Only available for VIC residents. Vehicles upto 20 years at the end of loan term

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Promoted

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New Car Loan

  • Via broker
  • $10k to $250k
  • 1 to 7 years
  • Fixed Rate
Interest Rate

From

6.52%

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up to 18%

Comparison Rate*

From

6.95%

p.a

Promoted

Secured

New Car Loan - Special (Fixed)

Real Time Rating™
  • $5k to $150k
  • 3 to 5 years
  • Fixed Rate
  • Secured
Interest Rate

7.09%

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Comparison Rate*

From

8.21%

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Promoted

Generic

New Car Loan

Real Time Rating™
  • $2k to $75k
  • 1 to 7 years
  • Fixed Rate
  • Secured
Interest Rate

6.57%

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Comparison Rate*

7.19%

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