New Car Loan - RACV Silver Members
New Car Loan
IMB’s New Car Loan could have you cruising in your new car sooner than you think.
Advertised Rate
Comparison Rate*
5.89%
6.24%
New Car Loan
- Features a low rate
- No ongoing fees
Promoted
Advertised Rate
5.39%
fixed
Comparison Rate
5.94%
monthly Repayment
$0
Compare
Customise your loan summary by entering your details:
New Car Loan Pros and Cons
Pros:
- Features a low rate
- No ongoing fees
- Can apply online
- Can apply in branch
Cons:
- Application fee charged
- Limited to new cars
- Requires security to be held
RACV New Car Loan Fees and Features
New Car | New Car |
|---|---|
Used Car | Used Car |
Motorcycle | Motorcycle |
Boat | Boat |
Upfront Fee | Upfront Fee $399 |
Early Exit Penalty Fee | Early Exit Penalty Fee $205 |
Missed Payment Penalty | Missed Payment Penalty $20 |
Redraw Activation Fee | Redraw Activation Fee N/A |
Repayment Type | Repayment Type Fixed |
Loan Type | Loan Type Secured |
Secured by vehicle | Secured by vehicle |
Available to 457 Visa Holders | Available to 457 Visa Holders |
Redraw Facility | Redraw Facility |
Extra Repayments | Extra Repayments |
New Car | New Car |
|---|---|
Used Car | Used Car |
Motorcycle | Motorcycle |
Boat | Boat |
Upfront Fee | Upfront Fee $399 |
Early Exit Penalty Fee | Early Exit Penalty Fee $205 |
Missed Payment Penalty | Missed Payment Penalty $20 |
Redraw Activation Fee | Redraw Activation Fee N/A |
|---|---|
Repayment Type | Repayment Type Fixed |
Loan Type | Loan Type Secured |
Secured by vehicle | Secured by vehicle |
Available to 457 Visa Holders | Available to 457 Visa Holders |
Redraw Facility | Redraw Facility |
Extra Repayments | Extra Repayments |
Other Restrictions
Must be a RACV member for at least 10 years.
Compare and review car loans with similar features
| Interest Rates | ||||
|---|---|---|---|---|
| Advertised Rate | Advertised Rate 5.64% fixed | Advertised Rate 5.89% fixed | Advertised Rate 5.99% fixed | Advertised Rate 6.79% fixed |
| Comparison Rate | Comparison Rate 5.99% | Comparison Rate 6.24% | Comparison Rate 6.53% | Comparison Rate 6.92% |
| Monthly Repayment | Monthly Repayment $575 | Monthly Repayment $578 | Monthly Repayment $580 | Monthly Repayment $591 |
| Total Repayments | Total Repayments $34,500 | Total Repayments $34,680 | Total Repayments $34,800 | Total Repayments $35,460 |
| Loan amount | Loan amount $20k to $100k | Loan amount $2k to $75k | Loan amount From $15k | Loan amount $5k to $100k |
| Suitable For | ||||
| Used Car | Used Car | Used Car | Used Car | Used Car |
| Motorcycle | Motorcycle | Motorcycle | Motorcycle | Motorcycle |
| Loan Fees | ||||
| Upfront Fee | Upfront Fee $250 | Upfront Fee $250 | Upfront Fee $399 | Upfront Fee $0 |
| Early Exit Penalty Fee | Early Exit Penalty Fee $0 | Early Exit Penalty Fee $0 | Early Exit Penalty Fee $205 | Early Exit Penalty Fee $0 |
| Missed Payment Penalty | Missed Payment Penalty $20 | Missed Payment Penalty $0 | Missed Payment Penalty $20 | Missed Payment Penalty $0 |
| Redraw Activation Fee | Redraw Activation Fee $0 | Redraw Activation Fee N/A | Redraw Activation Fee N/A | Redraw Activation Fee $0 |
| Loan Profile | ||||
| Secured by vehicle | Secured by vehicle | Secured by vehicle | Secured by vehicle | Secured by vehicle |
| Features Flexibilities | ||||
| Redraw Facility | Redraw Facility | Redraw Facility | Redraw Facility | Redraw Facility |
| Go to site | Go to site | Go to site | Go to site | |
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