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  4. Green Car Loan

Green Car Loan

  • $5k to $100k
  • 1 to 7 years
  • New or used car
  • Variable Rate

Interest rate p.a.

5.79%

Comparison rate* p.a.

6.49%

Green Car Loan

  • $5k to $100k
  • 1 to 7 years
  • New or used car
  • Variable Rate

Interest rate p.a.

5.79%

Comparison rate* p.a.

6.49%

Calculate your repayments for this loan

$

Your estimated repayment

$385

based on 20000 loan amount for 5 years at 5.79%

Pros and Cons

For Green Car Loan

Benefits

  • Interest rates ranked in the best 20%
  • No ongoing fees
  • Flexible repayment options
  • Can apply online
  • Green loan
  • Suitable for both new or used car
  • Fast time to funding

Drawbacks

  • Higher than average application fee
  • Cannot apply in branch

RACV Rate Car Loan overview

For Green Car Loan

Details

Total repayments
Interest rate type

Variable

Borrowing range

$5k - $100k

Security type

Secured

Loan term

1 to 7 years

Secured by

Vehicle

Loan type

Repayment frequency

Weekly, Fortnightly, Monthly

Age of car

up to 8 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

Fee Applies

Permitted Loan Purposes

New car

Used car

Motorcycle

Boat

Other Restrictions

Must be an Australian citizen, permanent resident or have a valid visa; have a regular income; have a good credit rating.