Car loans rates and fees

NRMA Car loans NRMA Car Loans Rates

Comparison rates in this chart are correct as at 22 April 2021.

Car loans interest rates

Fast loan - low rate - satisfaction guarantee

New vehicle promotion rate

The rates listed below are applicable to new vehicle purchases only*. 

Loan type Loan rates from* Comparison rate^
New car loan 4.99% 5.69%
New motorcycle loan 6.24% 6.94%
Caravan loan 4.99%
Motorhome 6.24%

Used vehicle interest rates

The rates listed below are applicable to used vehicle purchases only*.

Product Type Loan rates from* Comparison rate^
Used car loan 6.24%
Motorcycle loan 6.24%
Caravan loan 6.24%
Motorhome 6.24%

Loan fees

Below is a list of fees which may be incurred through the term of the loan. Please bear mind some may not be applicable to you.

 Type Fee
Application fee $499
Early pay out fee $325 (No fee payable in the last 6 months of the loan term)
Monthly fee NIL
Personal property security register (PPSR) NIL
VEDA credit search fee NIL
Interest Rate*  Comparison Rate ^
 New Car Loan 7.99% 8.53%
 New Motorcycle Loan 7.99% 8.53%
Caravan Loan 7.99% 8.53%
Motorhome 7.99% 8.53%

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*^Visit terms and conditions for full eligibility requirements.

*Note = conditions, fees and charges apply. Rates subject to change without notice.

^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 RACV 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 RACV 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.

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.

Target Market Determination Secured Personal Loan | Target Market Determination Unsecured Personal Loan