Car loans
New car loan rates from a low 7.29% p.a.* (Comparison rate 8.00% p.a.^)
Get a car loan from the experts in motoring for over 100 years.
Apply for a car loan
Apply online Manage my loanExisting customers can view their account details and transaction history.
My NRMA members get perks on car loans
Loan types
How the loan application works
Apply online in just 20 minutes
Enter your personal and financial details |
Upload your documents (optional) | We'll assess your application | Once approved, you'll have access to your funds within 24 hours |
FAQs
Do I have to be an NRMA member to take out a loan?
Where can I find my credit score?
For further information in relation to understanding your credit scores visit, www.equifax.com.au/personal/help-centre/credit-scores
You can access a copy of your Equifax credit reporting information, by visiting Equifax at www.mycreditfile.com.au
Alternatively, you can request a copy of your credit reporting information by calling the Equifax Customer Service centre on 13 83 32 during business hours.
Are there any ongoing fees?
Important information about the comparison rate
~Car loan for eligible fully electric vehicles is subject to a 1.5% discount on your personalized interest rate. Electric vehicle loan interest rates range from 5.79% p.a. (comparison rate from 6.49% p.a.^)
*Note = conditions, fees and charges apply. Rates subject to change without notice.
**NRMA members receive 1% p.a. discount off their loan rate only. Member discount does not apply to the new car special rate. Members best price terms and conditions apply.
^Comparison rate is calculated on a loan amount of $30,000 secured over a term of 5 years based on monthly repayments. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Costs such as redraw or early repayment fees and cost savings such as fee waivers are not included in the comparison rate, but may influence the cost of the loan. Subject to RACV lending criteria. Australian credit licence 391488.
Disclaimer: NRMA Car Loans products are provided by R.A.C.V. Finance Ltd (ABN 82 004 292 291) trading as NRMA Car Loans. NRMA trademark used under licence from IAG, owner of the trademark for financial services. Personal and credit information is handled by R.A.C.V. Finance Ltd as set out in the Privacy Charter (which includes the Credit Reporting Policy) and the Privacy Notice and Statement of Notifiable Matters. Information about how to raise a complaint is available here.
If you take out a car loan from R.A.C.V. Finance Ltd (ABN 82 004 292 291) trading as NRMA Car Loans, R.A.C.V. Finance Ltd will pay National Roads and Motorists’ Association Limited (ACN 000 010 506) a commission. The commission consists of a fee when you first take out the car loan and a trail commission during the life of your loan. Both the upfront fee and the trail commission are calculated as a percentage of your loan balance.
A Target Market Determination is a document which describes who a product is appropriate for (target market), and any conditions around how the product can be distributed to customers. It also describes the events or circumstances where we may need to review the Target Market Determination for a loan product.