RACV - Car Loan – loan
Car loan up to $100 000
Loan amount
$5,000 – $100,000
Interest from
5.69%
Term
1 – 5 months
Approval
24 hours
Applying does not commit you to a contract.
Properties of this loan
- Car loan up to $100 000
- Term 1 - 5 years
RACV is Victoria's long-established member-based motoring, roadside assistance and insurance organisation, also offering secured car loan finance to members and the general public through its banking partnerships.
✓ Pros
- Trusted, long-established Victorian consumer brand
- Fixed repayments for the loan term
- Lower typical rate than unsecured borrowing because the car is security
- Can be bundled with RACV roadside/insurance products by members
✗ Cons
- Primarily associated with Victoria, less brand presence elsewhere
- Vehicle can be repossessed on default
- Loan term should be matched to the vehicle's useful life
How to apply
- Complete the form online
- Get approval
- Secure funds within 24 hours
Loan requirements
- ✓ 18 years or older
- ✓ Australian citizen or permanent resident
- ✓ Regular income
- ✓ Vehicle details for security purposes (new, demo or used)
- ✓ Valid photo ID and proof of address
Frequently asked questions
24 hours
The minimum loan amount at RACV - Car Loan is $5,000.
About The Royal Automobile Club of Victoria (RACV) Ltd
| Company | The Royal Automobile Club of Victoria (RACV) Ltd |
|---|---|
| Address | Level 7/485 Bourke St, Melbourne VIC 3000 |
| Website | https://www.racv.com.au |