Important disclosure
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 $35,889 | 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