RACV Finance

RACV has become a popular Australian brand for all the right reasons. They strive to achieve the best financial service as far as personal loans are concerned.

The clients that they help daily have never been disappointed in terms of getting a good deal on their personal loans. They've gone above and beyond to ensure that customers get the best financial plans during their most challenging time.

Balloon or residual payments

Seeing that there are a lot of options to choose from getting a personal or short-term loan, it's good to know that you're not limited to one method. The balloon or residual payment may be ideal because it'll lessen your regular payments, and this will mean you'll pay a lower monthly fee.

However, you'll still be liable to pay a lump sum at the end of your loan period. Therefore, you need to decide if this is an option you're willing to take. Gather all the information about the balloon or residual payment option and make a concise decision if it's the right option.

Look out for dealers and brokers

Always be on the lookout for high-interest payday loans instead of affordable personal loans. You need to be working with a financial services provider that will make you great deals instead of making you spend more of your money.

You're required to complete an online application that takes about 10 minutes to complete.

This application requires you to furnish RACV with your personal details, employment details and salary information. All the information that they request is strictly for the purposes of the personal loan application online and nothing else. They're not entitled to use your information for any other objective, so you can rest assured that your information is protected and will never be seen by anybody else.

Personal loan assessment and approval

After you've submitted the loan application, you have to submit supporting documents that RACV need to verify. The documents need to correspond with the online application form you submitted to them. They need to see if you can afford the personal loan you're intending on taking out. This is the final stage before they can grant you your personal loan.

The money will be in your bank account within 24 hours

Once your emergency loan application has been approved, the money will be deposited in your nominated bank account after you have signed the contract and agreed to the terms and conditions set out in the agreement. You have to acknowledge the terms and conditions before the money can be made available for your disposal. Accepting the contractual obligations is a very important process of the loan application.