Car loans FAQs

The most frequently asked questions about NRMA car loans.
None. After your car loan has been conditionally approved we will ask you to verify your application details such as income, address and identity. In a few cases, additional information may be required prior to approval; NRMA car loans will contact you if this is the case. For self-employed applicants we will require financial statements. A member of the car loans team will contact you to discuss the exact requirements.
Provided all details are correct, NRMA car loans can provide pre-approval in five business hours.
No, one of the many benefits of an NRMA car loans 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. Call NRMA car loans on 1300 732 398 to make sure you have the best deal.
NRMA car loans have a fixed interest rate you always know how much your repayment will be for the duration of your loan.
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.
Yes, generally NRMA car loans uses the car you are buying as security. We can also use a car which is already owned by you.
You can call 1300 732 398 or visit the how to apply section for further details and to apply online.
Use the NRMA car loans calculator to work out an estimate of your car loan repayment.
We will inform you about the finance options available but recommend you contact your accountant or financial advisor to make sure the loan you choose will maximise any tax or other benefits you may be entitled to.
The best way to obtain peace of mind that your repayments can be met in the case of illness, injury or unemployment is to take out credit protection insurance. Call 1300 732 398 to enquire about NRMA car loans protection cover.
The best way to obtain peace of mind that your repayments can be met in the case of illness, injury or unemployment is to take out credit protection insurance. Call 1300 732 398 to enquire about NRMA car loans protection cover.
Your car insurance policy may cover the bulk of the loan, but if there is a shortfall between the amount paid out and the amount owing you will need to make the loan repayments.. You can protect yourself from this situation by taking out gap insurance which covers the difference between the total loss insurance payment and the outstanding loan amount, up to a maximum of $15,000. Call NRMA car loans on 1300 732 398 to enquire about our Autosure gap insurance.
Our NRMA car loans glossary can help you understand key terminology so you can make the right choice for you.

Looking to buy a new car?

NRMA provides car loan options to get you on the road faster

*Conditions, fees and charges apply. The promotional new car loan rate is for loans greater than $15,000 for new cars only, for applicants that own a property. Member discount does not apply to the promotional new car loan interest rate. ^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 trade mark used under licence from IAG, owner of the trade mark for financial services.