New Car Loan - RACV Silver Members
New Car Loan
IMB’s award-winning New Car Loan could have you cruising in your new car sooner than you think.
Advertised Rate
Comparison Rate*
5.99%
6.34%
New Car Loan
- Features a low rate
- No ongoing fees
Promoted
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Advertised Rate
5.39%
fixed
Comparison Rate
5.94%
monthly Repayment
$0
Compare
Customise your loan summary by entering your details:
I want to borrow
Loan Term
years
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.
As seen on
