Breeze through your next car purchase with an RACQ Bank Car Loan

A car loan with RACQ Bank puts you in the driver's seat. Enjoy the thrill of buying a new car, the security of a fixed interest rate, and the freedom to pay off your loan early. Whether you’ve fallen in love with a new, used, or electric car, we're here to help you get your keys.

Compare car loans

Finance your new car with the bank that puts Queenslanders first. 

RACQ Bank Car Loan

Drive your next car home.  

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    Buy a new or used car 
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    No deposit required 
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    No monthly account keeping fees 
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    No establishment fee 
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    Unlimited additional repayments  
RACQ Bank Car Loan
6.99% p.a.

Fixed rate

6.99% p.a.

Comparison rate

Comparison rate warning

RACQ Bank Green Car Loan

Switch to sustainable transport. 

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    Buy an eligible EV, PHEV, or FCEV 
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    No deposit required 
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    No monthly account keeping fees 
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    No establishment fee 
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    Unlimited additional repayments 
RACQ Bank Green Car Loan
5.59% p.a.

Fixed rate

5.59% p.a.

Comparison rate

Comparison rate warning

Why choose RACQ Bank for you car loan?

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    RACQ Bank is owned by RACQ members
    Everything we do is to help our members get ahead.
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    Know exactly what you’ll pay
    We offer transparent, fixed rate car loans with no hidden fees. 
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    Expect local customer service
    Need to chat? Reach out to our team in Queensland. 
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    Access member discounts
    Enjoy thousands of savings on essentials and luxuries. 

Unlock RACQ member discounts with your car loan

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Treat your car to some TLC
Members get 5% off parts and accessories at Repco*. 
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Pay less at the petrol station
Take 4 cents per litre off at Puma Energy service stations^. 
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Use RACQ discounts to maintain your car
Save on RACQ batteries, window tinting, auto glass and more~.  
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Put Queensland communities first
Feel good knowing RACQ helps fund natural disaster relief programs. 

FAQs

Things to note 

Banking and loan products issued by Members Banking Group Limited ABN 83 087 651 054 AFSL/Australian credit licence 241195 trading as RACQ Bank. Terms, conditions, fees, charges and lending policies apply. This is general advice only and may not be right for you. This information does not take your personal objectives, circumstances or needs into account. Read the disclosure documents for your selected product or service, including the Financial Services Guide and the Terms and Conditions, and consider if appropriate for you before deciding.

Except for RACQ Bank, any RACQ entity referred to on this page is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Cth). That entity’s obligations do not represent deposits or other liabilities of RACQ Bank. RACQ Bank does not guarantee or otherwise provide assurance in respect of the obligations of that entity, unless noted otherwise.

Comparison rate calculated on a secured loan amount of $30,000 over 5 years based on monthly repayments. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.  

RACQ Bank Car loan available for new lending only. RACQ Bank Green Car Loan is available for new lending only to purchase a plug-in electric car up to 12 months old.

Rates current as at 23 June 2022 and subject to change at any time.

Insurance products (excluding Travel Insurance and the Life and Income Protection Insurance suite of products) are issued by RACQ Insurance Limited ABN 50 009 704 152 (RACQ). Conditions, limits and exclusions apply. This is general advice only and may not be right for you. This information does not take your personal objectives, circumstances or needs into account. Read the PDS and any applicable Supplementary PDS before making a purchase decision on this product. You can also access our Target Market Determinations on this website.

* Conditions and exclusions apply. Visit RACQ.com/repco for details.

^ Conditions apply. Offer available at participating Puma Energy and Choice petrol stations. Visit racq.com/puma for details.

~Terms and conditions apply. Visit racq.com/discounts for details.