Why choose an RACQ Bank car loan?
- Security of a low fixed rate
- No deposit required
- No monthly account keeping fee
- Make unlimited extra repayments with no penalty, so you can pay off the loan sooner
- Simple application process
- Feel confident with a car loan from the trusted experts in motoring
Car loan interest rates and fees
New Car Loan (under 2 years old)
||$395 establishment fee
|Loan term for New Car Loan
||Up to 7 years
|Loan term for Used Car Loan
||Up to 5 years (car must not be older than 10 years at the end of the loan term)
|Flexible repayment options
||Monthly, fortnightly or weekly
Used Car Loan (over 2 years old)
|Minimum loan amount
|Maximum loan amount
||Unlimited with no penalty or fee
Work out the numbers
Use our Personal Loan calculator to get an estimate of your potential loan repayments.
How to apply for a car loan
- Complete the online application form. This should take about 10 minutes.
- We’ll review the application and call you back within 1 business day to let you know what supporting documents we need.
- We will then confirm if your application has been successful.
- If successful, funds will be moved into your account to purchase your car.