RACQ Bank
Fixed Rate Car Loan
Take out a secured car loan with RACQ Bank so you have the flexibility to choose a car that is suited to your lifestyle. Car finance with RACQ Bank means you'll receive the same low interest rates for car loans on new or used cars.
Personal loansBank updated 9 July 2026
At a glance
- Fixed
- 8.19% · 8.36% comparison
- Loan size
- $3,000 to $100,000
- Upfront fee
- $120
§ 01 — Rates · 3
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| FixedAvailable for new lending only. For used cars the maximum fixed rate car loan term is 5 years. Car must not be older than 12 years at the end of the loan term. | P&I | 7 yrs fixed | — | 8.19% | 8.36% | — |
| FixedFor cars over 2 years old. For used cars the maximum fixed rate car loan term is 5 years. Car must not be older than 12 years at the end of the loan term. | P&I | 7 yrs fixed | — | 8.19% | 8.36% | — |
| FixedFor cars under 2 years old. For used cars the maximum fixed rate car loan term is 5 years. Car must not be older than 12 years at the end of the loan term. | P&I | 7 yrs fixed | — | 8.19% | 8.36% | — |
§ 02 — Fees · 2
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Default Enforcement Expenses | Other | Varies | — | May apply if enforcement services are required as part of default administration. |
| Document Preparation Fee | Upfront | $120 | — | Document Preparation Fee includes document generation, distribution of documents, verification of documents and verification of search requirements. |
§ 03 — Features
Instant paymentsDigital banking
§ 04 — Eligibility & limits
- · Minimum age 18
- · Residency: Must be an Australian Resident
- · Available to individuals
- · Amount $3,000 to $100,000
§ 06 — Run the numbers
Put this product through a calculator
Published by RACQ Bank under the Consumer Data Right, last changed by them on 9 July 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.