Rating based on 35 reviews

RACV Finance

  • Personal loans up to $100,000
  • Low-interest starting from 4.99%
  • Repayment up to 60 months

In-page navigation

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

RACV – Best Personal Loans Australia

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.

RACV Finance – Fast online application

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.

RACV Finance – Personal loan

  • Loan Type Personal loans
  • Interest Rate 4.9918% p/a
  • Loan Amount up to $100,000
  • Repayment 12 months to 60 months

Benefits of RACV Finance

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

Personal loan calculator

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

RACV - Personal Loans for Bad Credit

One of the greatest advantages of having a personal loan at RACV is that everything is done at your discretion.

You'll never be dictated to and tossed to and from. Instead, you can decide when you take up a quick loan online and when you intend to pay it. Everything is done in the comfort of your terms.

100% finance on personal loans

Everything RACV do is strictly 100% designed to be smooth and to your advantage. Also, you never have to worry about any deposit fees you have to pay because there won’t be any.

How do I make repayments?

A direct debit payment that is deducted straight from your bank account on an agreed-upon date. This way, you won’t have to worry about going to wait for long queues during the crazy hours of the month, the money can just be withdrawn straight from your bank account.

Can I get a personal loan while I have bad credit?

RACV try to help all customers and has dealt with a number of bad credit cases. They're not saying that they'll help everyone who has bad credit. They need to evaluate the extent of your bad credit before they take up your case and offer a bad credit loan. Therefore, if you have bad credit you're more than welcome to apply and they'll see what magic they can try to work. 

Customer Reviews & Testimonials

This is the second time I have taken out a personal loan with RACV. The first was a short term loan (paid back after a month) and the second was a longer-term loan, the rates and fees remain affo...

Kylie T
— Brisbane —

I have had an absolutely grand experience with RACV - they have been able to offer me an unsecured personal loan with interest rates that are fair, reasonable and competitive. I am very pleased w...

Jasper P
— Perth —

Straightforward and easy application process which I was able to do entirely online
Waited for the pay-out longer than expected though.

Stephan J
— Canberra —

RACV Finance Contact

Contact Number


  • not available


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