Rating based on 33 reviews


  • Personal loans up to $30,000
  • Low-interest starting from 6.98%
  • Repayment up to 7 years

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RACV homepage
Author RACV. Screenshot of RACV website.
[Accessed May 24, 2023]

About RACV

RACV offer personal loans for a wide variety of uses including financing a car and travelling abroad.

Applicants are subject to and protected by standard credit verification as legislated and overseen by ASIC (Australian Securities and Investments Commission).

Apply in just 10 minutes

RACV customers usually utilise the sleek & brief online loan application process in order to access a loan. The application consists of a three-page questionnaire and takes less than ten minutes to complete.

Founded in 1903, the club has grown to be a dominant presence in a host of arenas certainly unimagined all those years ago. Run as an unlisted public company, they now have interests in a variety of consumer lifestyle offerings that include insurance and personal RACV loans.

A trusted partner for your financial needs

RACV's competitive repayment options for a growing customer base

Widely viewed as a dependable and trustworthy entity within Australia, RACV is firmly entrenched as a viable partner in financial matters and the customer base has grown considerably over the years. Headquartered in Melbourne, RACV’s business ventures over the years have been buoyed by the long-standing credibility it has earned over the past century.

Highly competitive and able to offer you a variety of repayment options, RACV makes lending uncomplicated and accessible.

RACV Services

As one would expect from RACV’s decidedly people-oriented origins, smaller fast loans of up to $250 000 comprise the bulk of their lending.

The relative ease of transacting, coupled with this fairly high-volume-low-margin business model, has made personal loans a breeze when one opts for an RACV loan product.

The best repayment terms

RACV tout what is termed the “best deal guarantee” and will go to some lengths to offer the best repayment terms any client can expect from any lending entity in Australia.

A simple online RACV loan application

Far from being left behind in a high-tech world, RACV boasts a very sleek and pleasingly simple online loan application process.

Small business owners form a large percentage of the loan fraternity as an RACV personal loan is competitive in its offered repayment rates and not onerous in its repayment period options. You're capably assisted with a live chat option when going through the application procedures online. Accepted securities on an RACV loan can be a car, boat, caravan or household equities and personal loans are approved within five hours.

RACV – Personal loan

  • Loan Type Personal loans
  • Interest Rate 6.9811.00% p/a
  • Loan Amount up to $30,000
  • Repayment 12 months to 7 years

Benefits of RACV

  • Quick online loan applications
  • Affordable interest rates from 6.98%
  • Personal RACV loans up to $30 000
  • Convenient loan term of up to 7 years

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.

You can find the solution to any of your financial needs right here at the RACV without the hassles and fuss

One of the differentiating factors that make RACV so appealing to consumers is the simplified contract offered to borrowers.

No hidden fees

There are no hidden fees and you get to slide a scale on the home page in order to set the loan amount, preferred repayment interest as well as the repayment period.

Running 24/7, the online application process is sleek and uncomplicated and welcome in its uncluttered simplicity.

Members can get a discount

RACV Member benefits do count when taking up a personal loan, as members of RACV can, upon approval, obtain a discounted interest rate on repayments.

Get a loan via phone, internet or in-store

Clients can arrange for a short-term loan via phone, internet or in-store and RACV also allows for additional repayments on a loan without penalty.

These highly flexible repayment options make for an attractive offering for many clients, as there's a large scope for individual preference on repayments.

Empowering you with fairness and integrity

The promise of clear terms and responsible borrowing

They ensure that they operate ethically and with integrity to ensure that their loans are the fairest and most affordable around. Because they're a transparent lender they'll never hide any unexpected costs in the fine print. In fact, they will not allow you to sign any documentation unless you agree to every term and clause. For this reason, they'll also not allow you to borrow more than what you're able to afford. They're a lender that cares.

man holding thumbs up

RACV is a trusted & reliable provider of personal loans

In our review, RACV adheres to the compliance criteria in accordance with the National Consumer Protection Act, where the granting the loan will not cause financial distress to the consumer.

✅ RACV is a registered credit provider in Australia: ACL 227678

Customer Reviews & Testimonials

January 2019

I got everything that I expected and more from my loan experience with the RACV. From friendly service to affordable and customizable loans I am happy to say that I got my slice of cake and ate i...

Gregory C
— Albury —

April 2019

Due to the high flexibility of their loans, I was able to get the exact loan terms and repayment schedule that I could afford.

Darren W
— Hervey Bay —

May 2019

I was happy to discover that RACV is a fully transparent lender that does not hide their hand. It was such a pleasure to not have to worry about unexpected charges or clauses. Thank you, RACV for...

Michelle M
— Tamworth —

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