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Features and benefits

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No ongoing fees.
No monthly account keeping fees.
No penalty for additional repayments.
No penalty for early loan payout.
Fast loan approvals – within 7 working hours (Monday to Friday, 8.30am to 5.00pm).
Receive the cheque at your convenience within 24 working hours.
Purchase a car with an RAC Car Loan and receive a refund on the vehicle inspection fee.
Members get 2% p.a. off the standard interest rate and receive a reduced establishment fee.
Not a member? You can become a member by taking out Affiliate Membership from as little as $20, or Roadside Assistance Membership from as little as 22 cents a day. (The first year’s fees for Roadside Assistance Membership can be included in your loan, sign up when you apply, and we'll waive the joining fee.)
Choose from a loan term ranging from 1 to 7 years.
Flexible repayment options – make repayments monthly or fortnightly.
Easy repayment methods – Bpay, direct debit, cash, cheque, or visit an RAC Member Service Centre.
The interest rate is fixed over the term of the loan ensuring your repayments will not increase if official interest rates increase.
Loans from $3,000 for new and used vehicles.
Pre-approvals are available – know how much you can borrow before you go car shopping!