Used Car Loan (VIC Only)
- $5k to $100k
- 1 to 7 years
- Fixed Rate
- Secured
Interest rate p.a.
8.49%
Comparison rate* p.a.
9.21%
Used Car Loan (VIC Only)
- $5k to $100k
- 1 to 7 years
- Fixed Rate
- Secured
Interest rate p.a.
8.49%
Comparison rate* p.a.
9.21%
Calculate your repayments for this loan
$
Your estimated repayment
$2,616
based on 30000 loan amount for 1 year 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
$31,397
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
