Fixed Rate Car Loan
Take out a secured car loan with RACQ Bank so you have the flexibility to choose a car that is suited to your lifestyle. Car finance with RACQ Bank means you'll receive the same low interest rates for car loans on new or used cars.
- From
- 8.19%
- 8.36% comparison
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Fixed · 7 years Available for new lending only. For used cars the maximum fixed rate car loan term is 5 years. Car must not be older than 12 years at the end of the loan term. | 8.19% | 8.36% | — |
| Fixed · 7 years For cars under 2 years old. For used cars the maximum fixed rate car loan term is 5 years. Car must not be older than 12 years at the end of the loan term. | 8.19% | 8.36% | — |
| Fixed · 7 years For cars over 2 years old. For used cars the maximum fixed rate car loan term is 5 years. Car must not be older than 12 years at the end of the loan term. | 8.19% | 8.36% | — |
Fees
| Fee | Type | Amount |
|---|---|---|
| Default Enforcement Expenses May apply if enforcement services are required as part of default administration. | Other | Variable |
| Document Preparation Fee Document Preparation Fee includes document generation, distribution of documents, verification of documents and verification of search requirements. | Upfront | $120.00 |
Features
- Digital banking
- Real-time payments (NPP)
Eligibility
- Individuals only
- Minimum age — 18 years
- Residency status — Must be an Australian Resident
Constraints
- Maximum limit — $100,000.00
- Minimum limit — $3,000.00
More Information
Published by RACQ Bank under the Consumer Data Right · Last updated 8 July 2026 · Product ID 568 · View on CDR.gov.au · View Source Data (JSON)