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) 6.17 % p.a Fixed Rate
6.72 % p.a Comparison Rate
Used Car Loan (over 2 years old) 8.95 % p.a Fixed Rate
9.52 % p.a Comparison Rate

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

  1. Complete the online application form. This should take about 10 minutes.
  2. We’ll review the application and call you back within 1 business day to let you know what supporting documents we need.
  3. We will then confirm if your application has been successful.
  4. If successful, funds will be moved into your account to purchase your car.

Apply now