RACV - Used Car Loan
Secured | Fixed | Vehicles up to 20 years old
The Used Car Loan offers a borrowing range starting from $5,000 as well as advertised interest rates from 8.49% p.a. It also has repayment terms of between 12 and 84 months. The RACV Used Car Loan is a Fixed rate, Secured loan with comparison rates from 9.21% p.a.
More RACV Used Car Loan details can be found below or visit RACV to learn more or apply.
A comparison rate of 9.21% p.a. and an advertised rate of 8.49% p.a. The loan type will be Secured.
Advertised Rate
8.49% p.a. Fixed
Comparison Rate
9.21% p.a.
Loan Term
12 to 84 months
Borrowing Range
$5,000
Interest
Rate Type
Fixed
Advertised Rate
8.49% p.a.
Fixed
Comparison Rate
9.21% p.a.
Application Frequency
Monthly
Calculation Frequency
Daily
Loan Security
Loan Security
Secured
Secured By
Vehicle
Loan Terms
Loan Term
12 to 84
months
Borrowing Range
$5,000
Repayment
Monthly, Weekly, Fortnightly
Fees
Loan Service Fee
$0
per month
Who is the product designed for?
This product is suitable for customers who:
- Is a natural person, over the age of 18 years, with permanent Australian residency or right to work in Australia
- Has regular income paid in Australia
- Employed on a regular basis in Australia
- Has sufficient funds to meet general day to day living expenses and financial commitments of the loan. NOTE: If the loan has a balloon payment structure there will be additional requirements to meet
- Has a history of savings and/or making repayments on time
- Can meet RACV Finance’s ‘know your customer’ and other anti-money laundering and counter terrorism financing (AML/CTF) requirements
- Can provide an acceptable asset as security for the customer’s obligations under the credit contract
Visit RACV to view Target Market Determination Effective From: 2024-10-14.
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