Important disclosure

RACV

New Car Loan (VIC Only)

Real Time Rating™

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

7.29%

p.a

Comparison Rate*

8.00%

p.a

RateCity says

“Get behind the wheel of your new car sooner with this competitive fixed rate car loan offering instant approval and fast funding.”

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

7.29%

p.a

Comparison Rate*

8.00%

p.a

Calculate your repayments for this loan

$

Your estimated repayment

$598

based on $30,000 loan amount for 5 years at 7.29%

Pros and cons

For New Car Loan (VIC Only)

Benefits

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

Drawbacks

  • Higher than average application fee
  • Limited to new cars
  • Cannot apply in branch

RACV Rate Car loan overview

For New 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

up to 3 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

For loans > 15K you need to either own a home or mortgage a home. Only available for VIC residents

Promoted car loans

Promoted

Lower Rate

New Car Loan

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

From

6.52%

p.a

up to 18%

Comparison Rate*

From

6.95%

p.a

Promoted

Secured

Used Car Loan

  • Via broker
  • $10k to $100k
  • 1 to 5 years
  • Fixed Rate
Interest Rate

From

6.80%

p.a

up to 24.99%

Comparison Rate*

From

7.56%

p.a

Promoted

Generic

Used Car Loan | No vehicle age limit

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

6.57%

p.a

Comparison Rate*

7.19%

p.a