Why choose an RACQ Bank Car Loan?

Have the flexibility to choose your next car and get a secured car loan made to suit your life in Queensland. With an RACQ Bank Car Loan you’ll receive low interest rates and unlimited additional repayments, so you can pay your loan off faster. Enjoy RACQ membership benefits like extra discounts across car maintenance, batteries and more. Get more for your car with a Car Loan from RACQ Bank.

  • Low interest rate
  • No deposit
  • No monthly account keeping fee


  • Unlimited additional repayments with no penalty
  • Simple online application
  • Discounted car maintenance

Car loan interest rates and fees 

With our competitive interest rates you’ll be able to pay your car off sooner. Whether you’re in the market for a new or used car, make every dollar count with an RACQ Bank secured car loan.

Car Loan Special

Find the right car for you and lock in a competitive interest rate for the life of your loan.

5.89 % p.a Fixed Rate
6.44 % p.a Comparison Rate

Fees and figures

Let’s work out the numbers. Know exactly what you can borrow, what you’ll pay and how soon you can pay it off.

Establishment fee $395
Minimum term None
Maximum term 7 years for a New Car Loan
5 years for a Used Car Loan (car must not be older than 12 years at the end of the loan term)
Payment options Weekly, fortnightly or monthly repayments available
Minimum loan amount $3,000
Maximum loan amount $60,000
Additional repayments Unlimited additional repayments with no penalty or fees.

How to apply for a car loan

You can apply for an RACQ Bank Car Loan online, anytime. It’s super easy, just fill in our application form. It takes approximately 10 minutes to complete and submit our form and once we receive it, we’ll kick-start the process for you.

1. Complete our online application form.

2. We’ll review your application and call you back within 1 business day. When we touch-base we’ll let you know what supporting documents we need.

3. We’ll review everything you’ve provided and confirm if your application has been successful.

4. If successful, we’ll provide some paperwork for you to complete and send back, then we’ll move the money into your bank account.

Apply now