RAC Personal Loan
- Personal loans up to $100,000
- Low-interest starting from 5.70%
- Repayment up to 5 years
[Accessed March 15, 2023]
About RAC Finance
Since 1905, the Royal Automotive Club (RAC) has assisted a motorist in Western Australia with the best loan deals.
They are also expert providers of personal loans for debt consolidation, paying off bills, traveling, or other worthwhile purposes.
RAC Finance has a long history of excellence
The club started with a group of enthusiastic automobile owners and now has over 750,000 members. Not only do they provide loans with the best rates, but they also represent road users in front of various government and state bodies to make the road experience safer for the community.
A wide range of financial services
RAC Finance is a leading provider of monitoring services and professional advice. They offer travel services, car loans, and car insurance at affordable rates with attractive terms and conditions. For those who need training, RAC now provides driver training as part of their service.
RAC Finance Services
With a personal loan from RAC Finance, clients can now get help to make unexpected large payments.
They offer one of the lowest interest rates on the market, and members are also offered a discount of 2% on their standard interest rate.
They offer flexible repayment terms
Clients have access to flexible terms of 3 and 7 years on secured loans and 3 to 5 on unsecured loans. Unsecured loans are when clients don’t offer any collateral to secure the loan. With a secured loan, they have to provide security like a vehicle or home, which allows for a longer term. RAC Finance can help clients achieve all their short-term financial goals efficiently and quickly.
Personalized repayment options
Clients can choose to make their repayments either monthly or fortnightly using BPAY or direct debit. All loan options are personalized to suit the client’s pay schedule and needs. RAC does not charge their clients any monthly fees on their loans and does not charge extra for using the website. Their online loans can be used to pay for important events like weddings and for special surprises like holidays and luxury gifts.
RAC Finance – Personal loan
- Loan Type Personal loans
- Interest Rate from 5.70%
- Loan Amount up to $100,000
- Repayment 3 years to 5 years
Benefits of RAC Finance
- Affordable personal loans
- Quick loan application
- Flexible repayment terms
Personal loan calculator
RAC Personal Loan – Making your life a little better within hours
The company offers personal loans with great rates and fast approval for Australians who need help making a large payment.
Clients can get a pre-approved loan within 7 hours, thanks to their quick turnaround time with RAC.
Type of personal loans
Purchasing a new vehicle
Clients who want to purchase their dream vehicle can do so with the help of a secured loan from RAC. They need to offer their new or used vehicle as collateral to access a loan amount between $8,000 and $100,000.
A vehicle loan at RAC has a term of between 3 to 7 years.
Refinance or consolidate your debt
Those who want to refinance their current vehicle for a better deal or want to consolidate their debt into one loan can get the help they need from a RAC debt consolidation loan. Clients need to offer their vehicle to secure the loan, for between $8,000 and $100,000.
The loan term of debt consolidation loans is also between 3 and 7 years.
Other worthwhile purposes
Personal loans can be used to renovate a home, pay for traveling, or even medical bills. Clients need to offer their vehicle as collateral to secure a personal loan with up to $100,000 and terms of up to 7 years, but if they need less, they can opt for an unsecured loan.
Unsecured loans
RAC offers unsecured loans without collateral to clients who want to borrow between $8,000 and $20,000. Because the loan is unsecured, clients have a short term of up to 5 years.
Electronic payment deductions
RAC can deduct all installments electronically, making payment management a lot easier for clients. Clients can choose what day they want the payment to go off, according to their preferred terms. This service makes it easier for them to keep up with repayments as they don’t risk forgetting.
Get minimum requirements
Anyone over the age of 18, an Australian citizen with a stable monthly income, can apply for a loan with RAC. Clients can now get competitive interest rates, top-quality service, and help from an experienced team when opting for a personal loan with RAC. Once they sign the contract, they get access to their funds within 24 hours.
RAC Finance is a trusted & reliable provider of personal loans
In our review, RAC Finance adheres to the compliance criteria in accordance with the National Consumer Credit Protection Act 2009, where the granting the loan will not cause financial distress to the consumer.
✅ RAC Finance is a registered credit provider in Australia: ACL 387972
Customer Reviews & Testimonials
RAC Finance Contact
Physical Address
- 832 Wellington Street Perth WA 6005 Australia
- Get Directions
Postal Address
- GPO Box C140, Perth, Western Australia, 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