Stop dreaming, start driving with an RACQ Bank Car Loan
An RACQ Bank Car Loan makes it easy to get the car you want. Whether family, fun, or fuel efficiency is driving your next purchase, we’re here to make it happen. Plus, you’ll receive the same low interest rate and flexible payment options for new or used cars.
- Low interest rates
- Secured loan
- Available for new and used cars
- No deposit or monthly account keeping fees
- Unlimited additional repayments
- Available for new lending only
Secured Car Loan
interest rate
comparison rate
RACQ Bank Car Loan details
Looking for a secured car loan that meets your needs? Learn more about the fees, terms and features included for unsecured car loan.
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Fees
- $0 Annual and monthly fees
- $0 Additional repayment fee
- $0 Establishment Fee
- $120
Includes document generation and distribution, verification of documents and search requirements.
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Terms
- 7 year maximum loan term for
A new vehicle is less than 2 years old.
- 5 year maximum loan term for
A used vehicle is 2 years or older. A used vehicle must not be older than 12 years at the end of the loan term.
- 7 year maximum loan term for
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Limits
- $3,000 minimum car loan amount
- $100,000 maximum car loan amount
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Repayments
- Weekly, fortnightly or monthly repayments
- Unlimited additional repayments
How to apply for your car loan
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Fill in your online enquiryOur streamlined loan enquiry form takes approximately 15 minutes to complete.
To enquire, please have the following details ready:
- Personal identification
- Employment history
- Living expenses and liabilities
- Assets
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We'll get in touchWe’ll review your car loan enquiry and either call or email you (whichever is your preference) as soon as possible to complete your application. When we touch base, we’ll let you know if we need any other documents to complete the process.
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We’ll do a final reviewWe'll review everything you've provided and confirm if your car loan application has been successful.
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You'll receive the fundsOnce your car loan has been approved, we’ll provide some paperwork for you to complete and send back, then we’ll make the funds available in your nominated RACQ Bank account.
While you're here
Why apply for an RACQ Bank Car Loan?
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RACQ Bank is owned by RACQ membersWe exist to serve our members’ best interests. -
Our staff are localsWe’re run by Queenslanders for Queenslanders.
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We have a reputation for integrityRACQ has been serving members for over 118 years.
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You'll enjoy membership benefitsWe’ve got discounts to get your motor running.
Unlock RACQ member discounts with your car loan~~
Contact us
Need help or would like to know more? RACQ Bank offers many convenient ways for you to get in touch with us.
Car loan FAQs
Things to note
Banking and loan products issued by Members Banking Group Limited ABN 83 087 651 054 AFSL/Australian credit licence 241195 trading as RACQ Bank. Terms, conditions, fees, charges and lending policies apply. This is general advice only and may not be right for you. This information does not take your personal objectives, circumstances or needs into account. Read the disclosure documents for your selected product or service, including the Financial Services Guide and the Terms and Conditions, and consider if appropriate for you before deciding.
Except for RACQ Bank, any RACQ entity referred to on this page is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Cth). That entity’s obligations do not represent deposits or other liabilities of RACQ Bank. RACQ Bank does not guarantee or otherwise provide assurance in respect of the obligations of that entity, unless noted otherwise.
Comparison rate calculated on a secured loan amount of $30,000 over 5 years based on monthly repayments. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
Interest rates on a per annum basis and are current as at 4 December 2024 and subject to change at any time.
Insurance products (excluding Travel Insurance) are issued by RACQ Insurance Limited ABN 50 009 704 152 (RACQ). Conditions, limits and exclusions apply. This is general advice only and may not be right for you. This information does not take your personal objectives, circumstances or needs into account. Read the Product Disclosure Statement (PDS) and any applicable Supplementary PDS before making a purchase decision on this product. You can also access our Target Market Determinations on this website.
~~ Terms and conditions apply to all offers. View the individual offer for full details. Offer is subject to availability and may be withdrawn at any time without notice.
^The online discount will be applied and deducted on the total annual premium amount payable on your new policy. Excludes pay later option and any policy renewals. Discount amounts may be pro-rated for cover of less than 12 months.
#Conditions apply. Offer available at participating Caltex and Puma Energy service stations. Visit racq.com/caltex for details.
RACQ Bank Car loan available for new lending only.