Rating based on 22 reviews

RAC Finance

  • Personal loans up to $100,000
  • Low-interest starting from 5.70%
  • Repayment up to 5 years

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RAC Finance homepage
Author RAC Finance. Screenshot of RAC Finance website.
[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

The interest rate of a loan will vary based on your credit score and risk profile.
This personal loan calculator is for illustration purposes only.
The use of this loan calculator is subject to our terms of use.

RAC Finance – 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 $8000 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 $8000 and &100 000.

The loan term of debt consolidation loans is also between 3 and 7 years.

  • Other worthwhile purposes

Personal online 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 $8000 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.

man holding thumbs up

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

March 2019

They have some of the best manners and are willing to go over and above for you and that is exactly what they did for me.

Marshal L
— Perth —

December 2018

They let you see the rates that you will be paying for the amount you will be taking which is very nice as most companies will not let you know that.

Sarah M
— Brisbane —

May 2019

I got the loan that I needed the service is amazing and I will be back.

Robert S
— Melbourne —

April 2019

The service that I have received I cannot ask for better and they have helped me to get the personal loan to help with our move to our new place.

Tarryn J
— Sidney —

RAC Finance Contact

Contact Number


  • not available


Physical Address

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