RACQ Car Loans And Business Vehicle Finance

Car Loan Products

RACQ Bank offers Secured Car Loans with competitive interest rates. Their loans include no deposit finance so you can borrow 100% of the purchase price of the vehicle and they offer flexible options and additional payments which do not attract penalty fees.

Their car loan offering is somewhat defined by its highly competitive fee structure which is clearly displayed on the RACQ Bank website. There is a loan establishment fee which is standard practice with most car finance lenders but there are no ongoing monthly or annual loan fees. In comparison, some lenders do charge a monthly fee on car loan accounts.

The loan terms offered on car loans by RACQ Bank are quite general at up to 7 years for a new car purchase and 5 years for used cars. There is a condition with respect to used cars that the vehicle be no older than 12 years when the loan term expires.

The minimum that RACQ Bank offers for car loans is $3,000 and the maximum is $60,000. Which places many popular makes and models within those limits to achieve a competitive car loan from RACQ Bank.

Another loan option from RACQ which may be attractive to some car buyers is their flexible repayment schedule. While repayments are typically in equal monthly repayments for most of our banks and lenders RACQ offers more. They offer weekly, fortnightly or monthly choices. For that can find it challenging to budget on a monthly basis, those options may be worth considering.

Securing an RACQ Bank Car Loan

If the RACQ Bank car loan sounds like an attractive option for your car purchase, how would you like to proceed with sourcing a quote to compare with other lenders? As RACQ is one of our lenders, your Jade Car Loans consultant can handle the entire process for you and go a few steps further to provide you with additional benefits.

We have provided a handy lender interest rate comparison chart on our home page so you can quickly compare the advertised interest rate and comparison rate that RACQ Bank is currently offering on car loans with Jade Car Loans and a number of our other lenders. To see the estimated loan repayments for each of those interest rates, just enter the amount you are seeking for your car loan and the loan term you would prefer and the system auto-calculates the repayment estimates.

If you want to include a balloon in your loan as RACQ Bank is offering, head to our Car Loan Calculator. You can enter the data around your loan and the RACQ interest rate plus the amount you would like for your balloon and see the results.

If these DIY repayment calculations are meeting with your approval or are at least at a level you would like to pursue further, simply contact Jade Car Loans. We operate as a broker-style lender and with RACQ Bank as one of our lenders, we are ideally positioned to negotiate you a cheap car loan with the bank.

Our total focus is on securing our customers with the cheapest car loans at the best interest rates. So we won’t limit your options only to RACQ Bank. Yes, on your request we can source an offer from them but we can also source other offers on your behalf from some of our other lenders.

We offer more choices to ensure we secure you the cheapest option. More choices which means we’ve done due diligence on your behalf and considered multiple options. RACQ Bank is highly competitive on interest rates and they may be the cheapest offer we secure for you. If so, we can assist you with the paperwork to save you a lot of time and a lot of hassle in securing your car loan.