Rating based on 78 reviews

RAC Finance

  • Debt consolidation up to $100,000
  • Low-interest starting from 6.20%
  • Repayment up to 7 years

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RAC Finance homepage
Author RAC Finance. Screenshot of RAC Finance website.
[Accessed March 16, 2023]

About RAC Finance

Stuck in debt? RAC can help!

RAC was founded in 1905 and is a member organization with no shareholders. Reinvesting their profits not only for the better of their customers but also for the community has always been a top priority at RAC. With a mission of delivering outstanding service and experience, they inspire positive community change for a better future.

RAC has numerous initiatives and causes which they sponsor in order to create a better life for thousands of people living in Western Australia. These sponsorships include the RAC helicopters, delivering road safety education to children, and their investment in automated vehicle program trials for a better understanding of future technology.

RAC campaigns for safe, sustainable and accessible transport through their Risky Roads campaign, the Driver Distraction campaign, and advocating motor taxes, infrastructure needs, and safety to the government.

They strive to make a positive change

For the past 110 years, RAC has been advocating for positive change for all people living in Western Australia. With road safety being a high priority at RAC, they are not only working actively for safer roads and cars but also educating people on safe road use.

Sustainability is a big deal at RAC. By not only realizing but also working on creating a sustainable option for the future, RAC's head office in Western Perth currently boasts a 5 star National Australian Built Environment rating system that exceeds the original rating the building was designed to achieve.

RAC Finance Services

With all that RAC has to offer, including all the initiatives and sponsorships to benefit everyone in Western Australia, choosing RAC is definitely a smart move.

With their competitive, fixed interest rates that start from 5.45%p.a. you can be sure that your budget will be in a better position. RAC also offers no ongoing fees, which means that they won't charge you any extra monthly fees on your loan.

Now, that sounds great! But it does not end there. They have made it possible for you to sign your loan contract easily and quickly online with their digital signing option.

With the friendly, local service that RAC offers, you will be sure that your debt consolidation loan experience will be effortless and what is even better is that your loan will be pre-approved within 7 working hours and in no time, you will have the financial reassurance that comes with everything else at RAC!

Navigating the RAC website is a breeze with all the information you need for making the best choice. From an informative fixed interest rate section all the way to frequently asked questions and a contact number for any uncertainty, RAC has it covered.

Personal valuables cover

We all know and understand that some things are meant to be used outside of your home, which is why it comes as no surprise that RAC recognizes the need for Personal Values Cover. These items include jewelry, laptops, and digital cameras. This cover will give you peace of mind anywhere in Australia.

RAC Finance – Debt consolidation loan

  • Loan Type Debt consolidation
  • Interest Rate 6.209.00% p/a
  • Loan Amount up to $100,000
  • Repayment 3 years to 7 years

Benefits of RAC Finance

  • No hidden fees
  • No monthly account fees.
  • Fast loan approvals
  • Flexible repayment terms

RAC Finance Debt Consolidation – Free yourself from debt

With energy-saving initiatives, an online sustainability monitoring platform, and educating staff on energy usage, this building truly deserves a 5-star rating.

How to Apply for debt consolidation from RAC

Criteria for applying for a loan from RAC

  • Must be over 18.
  • Must have an income.
  • Present personal identification.
  • Must be a permanent resident or citizen.
  • Must be free from bankruptcy for at least 5 years.
  • Provide proof of address

Four easy steps to apply for a loan with RAC

Step one: Select the amount you want to borrow and indicate over what time period you would like to repay your loan.

Step two: The easy rate calculator on their website will show you what your repayment amount will be and the rate of interest. Apply for a loan online instantly if you are happy with your option.

Step three: Once your application has been submitted, a loan agent will contact you within 7 working hours. If you are pre-approved and send back your paperwork by noon on a business day, your loan agreement is ready for signing the following day.

Step four: Once approved and signed, your loan amount will be paid into your account within 24 - 48 hours.

The benefits of a RAC debt consolidation loan

  • No monthly fees on loans.
  • Fast turnaround time.
  • Fixed interest rates.
  • Application processed within 7 working hours.
  • Payouts take a maximum of 48 hours.

Customer Reviews & Testimonials

April 2019

If you find yourself in need of financial assistance I can assure you that RAC has just the thing for you. They offer a wide variety of financial products for every situation. They were able to h...

Gareth M
— Maitland —

April 2019

RAC offers quick personal loans for any situation; but my personal favourite is their debt consolidation loan option. I was able to repay all of my debts with their snazzy loan. Thanks for the he...

Cathy K
— Richmond —

May 2019

RAC offers anything and everything that you could possibly need. Their car loans are fabulous – I love my new set of very affordable wheels!

Manfred G
— Sydney —

May 2019

The RAC do not just care about making a quick buck; they care about the wellbeing and safety of their customers. When you are borrowing from them you know that you are in good hands.

Sandy M
— Wellington —

RAC Finance Contact

Contact Number


  • not available


Physical Address

Postal Address

  • GPO Box C140, Australia, WA, 6839, Australia

Opening Hours

  • Monday 08:30 – 17:00
  • Tuesday 08:30 – 17:00
  • Wednesday 08:30 – 17:00
  • Thursday 08:30 – 17:00
  • Friday 08:30 – 17:00
  • Saturday – Closed
  • Sunday – Closed