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
$598
based on 30000 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
$35,889
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
