Car loans

NRMA car loans for new and used cars

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 online in just 20 minutes

1.5%~ discount for eligible electric vehicles

Funds are available within 24 hours

No monthly account keeping fees

Low fixed interest rate with terms up to seven years

Flexible repayment options

 

Apply for a car loan

Apply online Manage my loan

Existing customers can view their account details and transaction history.

My NRMA members get perks on car loans

Member best price
Members best price**
Take advantage of a 1% discount on your car loan rate

Loan details

Loan rates and fees

Be aware and informed before you apply for your loan, by viewing the relevant rates and fees.

What you need to apply

Be prepared with all the documents and identification you will need to apply for your car loan.

Car finance tips and advice

From helpful tips to reviews and repayments, we’re here to help you make a smarter purchase decision.

Loan repayments calculator^^

Monthly repayments
$0
Total repayments
$0
^^Repayment value and rate displayed here is an example only. Call us for a confirmed quote 1300 732 398.


How the loan application works

Apply online in just 20 minutes

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  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

No although by taking out an NRMA membership you may qualify for an immediate saving on your NRMA car loans. If you are a current NRMA member, have your membership number handy when you call to ensure you take advantage of member savings.

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.

No, one of the many benefits of an NRMA car loan is there are no ongoing fees. When you shop for a loan, make sure you consider all fees including monthly fees, origination fees, additional loan repayment fees and early termination 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.