Rating based on 11 reviews

RACV Finance

  • Car loans up to $100,000
  • Low-interest starting from 4.99%
  • Repayment up to 5 years

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RACV Finance homepage
Author RACV Finance. Screenshot of RACV Finance website.
[Accessed May 2, 2023]

RACV Finance - Finance for your individual needs

They have more than two million members and they strive and continue to reach to their member’s needs.

They offer emergency roadside assistance, home security services, vehicle finance, insurance as well as member benefit products and Emergency Home Assist.

They improve road safety

They also offer research for better quality road and public transport and operations infrastructure, how roads are to be managed (road safety), driver education, environmental issues in the transport sector, advanced vehicle technology and safer vehicles. They have also established a range of leisure services such as resorts in Victoria, Queensland, and Tasmania, their members receive a good discount for fantastic holidays.

RACV can help you buy your new car sooner

The minute it comes to selecting your next car, you just know that you have found the perfect quick loan for you. It’s at this point that a RAVC can assist with a Car Loan

RACV satisfaction guarantee

They offer a wide range of car finance options as well as a handy car loan calculator (available on their website) you are able to buy a new or used car quickly.

All their applications are quick and easy, plus they come with an RACV satisfaction guarantee. Why would you want to wait? Enjoy their complete rates today.

Why thousands of Victorians get their car loan through RACV

They have no on-going fees and this means lower monthly payments for you, it’s very easy to apply, and your car or personal loan will only take 10 minutes online, telephonically or in store and they offer fast approval. They also give you feedback within 5 working hours.

Years of membership benefits apply

Should you qualify for a RAVC’s year membership benefits and you apply directly to RACV, you could enjoy even lower interest rates, this discount relates to new car special rates?

RACV Finance – Car loan

  • Loan Type Car loans
  • Interest Rate 4.9918% p/a
  • Loan Amount up to $100,000
  • Repayment 1 year to 5 years

Benefits of RACV Finance

  • You can get pre-approved for vehicle finance
  • Save on vehicle insurance
  • Get fast online approval

Car loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This car loan calculator is for illustration purposes only.
The use of this loan calculator is subject to our terms of use.

RACV Finance - Finance you can rely on

Access saves up to 10% on comprehensive insurance for the full term of your loan if you finance and ensure your vehicle with RACV!

Satisfaction guarantee

They offer a 21-day loan satisfaction guarantee for the simple reason that they are positive you are getting a great deal on your loan, but it’s also important to them that you know this too

They know you’re getting a great deal on your vehicle loan, but it’s important you are sure to. That’s why they offer a 21-day loan satisfaction guarantee.

If you are not satisfied with your loan through RACV Finance, they give you the opportunity to repay the money back within 21 days and RACV will cancel your loan agreement without any penalty charges, they will also refund any interest and surrender any fees.

Apply in three easy steps

  • First and foremost, you need to complete their online loan application form because they need to get to know you a little better.
  • Apply now and get approval, they will let you know within 5 working hours from time of submission.
  • Once you have been approved they will work out all the details, most cases the funds will be secured within 24 hours

Things to watch out for - dealers and brokers

  • Even though it might look like you are being given lower rates, additional fees are often charged, which will make your monthly repayments fees higher.
  • Manufacturer 0% and 2% finance -  You should always negotiate a price before advising on how you will make repayments on your car because low-interest rates really sound good but there is almost always a catch and bearing in mind the lower the interest rate, the less you can negotiate a purchase price. When something looks and sound like it’s too good to be true, it normally is
  • Balloon or residual payments – This option reduces your monthly repayments, keep in mind that you do still owe a lump sum at the end of your loan. This has enabled you to get a nicer car, but you do pay more interest on every payment.

What do you need to apply?

You are required to supply your personal details which are, your driver’s license number, all your employment details, your income, and expenses in other words (assets and liabilities) and they will verify your information with you later.

How long does approval take?

They approve within 5 working days, and more often than not the funds will be in your account within 24 hours, only once your documents have been signed of course.

How do you make repayments?

You are able to pay a direct debit or BPAY, this means that all long and short-term loans are automatically deducted from your chosen bank every month or fortnight.

The dreams come in all shapes, sizes, and budgets

Why not make that big backyard patio extension that’s been on your mind, or have a brand new swimming pool, go and have that long awaited retreat on a tropical Island? You deserve it all so the sooner you apply with RACV the better.

Customer Reviews & Testimonials

The application was super easy and took a few minutes to submit and the response time will shock you in a very good way.

Mel C
— Newcastle —

This company will not only help you with a car loan they will help you with getting your car insured to if you need help with your car loan then contact them cause they will assist you.

Jeremy C
— Perth —

RACV Finance Contact

Physical Address

Opening Hours

  • Monday 09:00 – 17:00
  • Tuesday 09:00 – 17:00
  • Wednesday 09:00 – 17:00
  • Thursday 09:00 – 17:00
  • Friday 09:00 – 17:00
  • Saturday – Closed
  • Sunday – Closed