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 January 29, 2025 Effective March 21, 2025
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 6.69% PA
Comparison Rate 6.86%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, 6.69%
Lending Rate Type: Fixed
Interest Rate: 6.69%, Comparison Rate 6.86%
Repayment Type: Principal And Interest
Loan Purpose:
, FIXED, 6.69%
Lending Rate Type: Fixed
Interest Rate: 6.69%, Comparison Rate 6.86%
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.
Document Preparation Fee (Upfront), Amount: 120.00. Additional Information: Document Preparation Fee includes document generation, distribution of documents, verification of documents and verification of search requirements.