New Car Loan (VIC Only)
- $5k to $100k
- 1 to 7 years
- Fixed Rate
- Secured
Interest rate p.a.
7.29%
Comparison rate* p.a.
8.00%
New Car Loan (VIC Only)
- $5k to $100k
- 1 to 7 years
- Fixed Rate
- Secured
Interest rate p.a.
7.29%
Comparison rate* p.a.
8.00%
RateCity says
"Get behind the wheel of your new car sooner with this competitive fixed rate car loan offering instant approval and fast funding."
Calculate your repayments for this loan
Your estimated repayment
$399
based on 20000 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
$23,926
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 loan products
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Real Time Rating™
- $2k to $75k
- 1 to 7 years
- Fixed Rate
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Interest rate p.a.
6.57%
Comparison rate* p.a.
7.19%
Australian Credit Licence 488228
Fees & charges apply
New Car Loan
- Via broker
- $10k to $250k
- 1 to 7 years
- Fixed Rate
Interest rate p.a.
6.52%
up to 18%
Comparison rate* p.a.
6.95%
Australian Credit Licence 364340
Fees & charges apply
New Car Loan
- Via broker
- $10k to $300k
- 1 to 7 years
- Fixed Rate
Interest rate p.a.
6.29%
up to 24.99%
Comparison rate* p.a.
7.41%
Australian Credit Licence 511803
Fees & charges apply
New Car Loan - Home Owner Special
Real Time Rating™
- $5k to $150k
- 3 to 7 years
- Variable Rate
- Secured
Interest rate p.a.
6.24%
Comparison rate* p.a.
7.36%
Australian Credit Licence 395219
Fees & charges apply
Product data updated on 26 Apr 2024