NRMA car loans terms and conditions

Below is important information about the comparison rate for each of our different vehicle loans products and our code of practice

New or used car loans

*Conditions, fees and charges apply. The promotional new car loan rate is for loans greater than $15,000 for new cars only, and the applicant must meet asset requirements. Member discount does not apply to the promotional new car loan interest rate. Used car loan rates are for loans greater than $15,000 and the applicant must meet asset requirements. ^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 may 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.

Motorcycle loans

*Conditions, fees and charges apply. The promotional new motorcycle loan rate is for loans greater than $15,000 for new motorcycle loans only, and the applicant must meet asset requirements. Member discount does not apply to the promotional new motorcycle 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 may 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.

Motorhome loans

*Conditions, fees and charges apply. The promotional new motorhome loan rate is for loans greater than $15,000 for new motorhome loans only, and the applicant must meet asset requirements. Member discount does not apply to the promotional new motorhome 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 may 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.

Caravan loans

*Conditions, fees and charges apply. The promotional new caravan loan rate is for loans greater than $15,000 for new caravan loans only,and the applicant must meet asset requirements. Member discount does not apply to the promotional new caravan 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 may 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.

#The NRMA Car Loans Satisfaction Guarantee

Take out a loan with NRMA Car Loans and if you are not completely satisfied with the loan, you can repay the amount borrowed within 21 days from the date the loan was funded. We will cancel your loan without penalty, meaning any interest and fees will be refunded or waived, meaning you're not out of pocket.

NRMA Car Loans will:

  • Waive all application fees and any interest charged;
  • Waive the early termination fee (ETF); and
  • Cancel any Consumer Credit Insurance or Shortfall Insurance policy taken out and return all premiums to the loan, product coverage will cease

*Loans subject to R.A.C.V. Finance lending criteria, Australian credit licence number 391488.

Code of Practice

The below policies offer a detailed explanation of how we manage your credit information and to whom we disclose such information.

Privacy and Credit Reporting Policy

This document explains how we manage your credit information when it has been collected. The handling of your credit information is regulated by the Privacy Act 1988 (Cth) and the Credit Reporting Privacy Code.

Click here to view the Privacy and Credit Reporting Policy.

Statement of Notifiable Matters

This statement includes information contained within our Credit Reporting Policy to provide specific information on the credit reporting bodies to whom we may disclose your credit information as well as information on certain rights in relation to your credit information.

Click here to view the Statement of Notifiable Matters.

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