Take out a secured car loan with RACQ Bank so you have the flexibility to choose a car that is suited to your lifestyle. Car finance with RACQ Bank means you'll receive the same low interest rates for car loans on new or used cars.
Category: Personal Loans Last Updated November 1, 2023 Effective May 3, 2024
General Lending Rates
Rates listed below are for a FIXED P&I product. Additional Information Available for new lending only. For used cars the maximum fixed rate car loan term is 5 years. Car must not be older than 12 years at the end of the loan term.
Interest Rate 7.99% PA
Comparison Rate 8.27%PA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.
Product Variations
Product rates and conditions will usually vary based on the LVR and other conditions..
, FIXED, 7.99%
Lending Rate Type: Fixed
Interest Rate: 7.99%, Comparison Rate 8.27%
Repayment Type: Principal And Interest
Loan Purpose:
, FIXED, 7.99%
Lending Rate Type: Fixed
Interest Rate: 7.99%, Comparison Rate 8.27%
Repayment Type: Principal And Interest
Loan Purpose:
Product Features
Digital Banking
Npp Enabled
Product Eligibility
Natural Person
Min Age - 18.
Residency Status - Must Be An Australian Resident.
Bank Fees and Charges
Default Enforcement Expenses (Variable), Amount: Not Listed.. Additional Information: May apply if enforcement services are required as part of default administration
Establishment Fee (Upfront), Amount: 195.00. Additional Information: Establishment Fee includes preparation of the loan, document generation, distribution of documents, verification of documents and verification of search requirements.
