RACQ BankFixed 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.
At a glance
- Fixed
- 8.19%8.36% comparison
- Loan size
- $3,000 to $100,000
- Upfront fee
- $120
How it compares
This personal loan in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.
| Rate | This personal loan | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| Car loan from a bank or lenderLowest advertised rate, fixed or variable | 8.19% | 5.74%Westpac's Car Loan | 6.99%of 42 institutions | 34th lowest of 42 |
Rates
Every rate RACQ Bank publishes for this personal loan, 3 in all.
| 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% | - |
Fees
2 fees published, grouped by when they're charged.
When you take it out1
- Document Preparation Fee
Document Preparation Fee includes document generation, distribution of documents, verification of documents and verification of search requirements.
$120
Other fees1
- Default Enforcement Expenses
May apply if enforcement services are required as part of default administration.
Varies
Features
Eligibility and limits
- Minimum age 18
- Residency: Must be an Australian Resident
- Available to individuals
- Amount $3,000 to $100,000
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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.