Rating based on 35 reviews

RACV Finance

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

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Author RACV Finance. Screenshot of RACV Finance website.
[Accessed March 25, 2021]

RACV – Best Personal Loans Australia

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

The clients that we help daily have never been disappointed in terms of getting a good deal on their personal loans. We have worked above and beyond to ensure that our 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 is good to know that a client is not limited to one method. The balloon or residual payment is what most clients prefer because we will lessen your regular refunds, and this will mean you will pay a lower monthly fee monthly.

However, you will 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 willing to take. Gather all the information about the balloon or residual payment option and make a concise decision if it is a payment plan you willing to take.

Look out for dealers and brokers

Always be on the lookout for brokers that are out to scam you out of your money by offering high-interest payday loans instead of saving you money. As a client, 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

Clients are required to complete an online application that takes about 10 minutes to complete.

This application form consists of a customer furnishing us with his personal details, employment details and salary information. All the information that we request is strictly for the purposes of the personal loan application online and nothing else. We are not entitled to use your information for any other objective, so you can rest assured that your information is protected with us and will never be seen by anybody else.

Personal loan assessment and approval

After you have submitted the loan application, you have to submit supporting documents that we need to verify. The documents need to correspond with the online application form you submitted to us. We need to see if you can afford the personal loan you are intending on paying or do you have too much on your plate. This is the final stage before we can grant you your personal loan, so we have to ensure that everything is in order.

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 for the contract and agreed to the terms and conditions set out in the agreement. The client has to acknowledge the terms and conditions before the money can be made available for his 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 loan calculator is for illustration purposes only.
The use of this quick loans 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 will never be dictated and tossed to and from. Instead, you can decide when you take up a quick loan online and when you intend on paying it. Everything is done in the comfort of your terms.

100% finance on Personal loans

There have been very rare cases that have made us require our clients to pay a deposit fee for a personal loan. Everything we do is strictly 100% finance and by this we mean we are the ones giving you the money, not the other way around. Therefore, you never have to worry about any deposit fees you have to pay because most of the time, there won’t be any.

How do I make repayments?

Clients can make 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?

We try to help all our customers and as such we have dealt with a number of ad credit cases. We are not saying that we will help everyone who has bad credit. We need to evaluate the extent of your bad credit before we take up your case and offer a bad credit loan. Therefore, clients with bad credit are more than welcome to apply and we will see what magic we can try to work around their case. We are not saying that we will always get it right, but we are saying that we will not stop trying until we actually do.

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