Car loans
As of 30 June 2024, we are not offering NRMA Car Loans. If you have an existing NRMA Car Loan or would like to follow up on the status of a previous application, this will now be handled directly by your lender R.A.C.V. Finance Limited ACN 004 292 291 (RACV Finance). Any correspondence regarding your NRMA Car Loan will now be from RACV Finance, rather than NRMA Car Loans.
Rest assured, there will be no changes to your existing loans terms and conditions.
What does this mean for you?
Moving forward, your loan will be seamlessly transitioned to RACV Finance.
We understand that change can sometimes be unsettling, but we want to assure you that this transition is designed to enable RACV Finance to provide simplicity and efficiency with your loan.
FAQs
Do the terms of my agreement change?
No, your agreement terms have not changed, everything will stay the same.
Do I need to do anything?
No, there isn’t anything for you to do, but if you have any questions about the change, please don’t hesitate to contact us.
Who do I contact about my current agreement?
From July 2024, please contact RACV Finance as per our contact details below.
Contact details:
RACV Finance
Phone: 13 15 60
Email: [email protected]
Things you should know
*Note = conditions, fees and charges apply. Rates subject to change without notice.
**NRMA members receive 1% p.a. discount off their loan rate only. Member discount does not apply to the new car special rate. Members best price terms and conditions apply.
Disclaimer: NRMA Car Loans products are provided by R.A.C.V. Finance Ltd (ABN 82 004 292 291) trading as NRMA Car Loans. NRMA trademark used under licence from IAG, owner of the trademark for financial services. Personal and credit information is handled by R.A.C.V. Finance Ltd as set out in the Privacy Charter (which includes the Credit Reporting Policy) and the Privacy Notice and Statement of Notifiable Matters. Information about how to raise a complaint is available here.
If you take out a car loan from R.A.C.V. Finance Ltd (ABN 82 004 292 291) trading as NRMA Car Loans, R.A.C.V. Finance Ltd will pay National Roads and Motorists’ Association Limited (ACN 000 010 506) a commission. The commission consists of a fee when you first take out the car loan and a trail commission during the life of your loan. Both the upfront fee and the trail commission are calculated as a percentage of your loan balance.
A Target Market Determination is a document which describes who a product is appropriate for (target market), and any conditions around how the product can be distributed to customers. It also describes the events or circumstances where we may need to review the Target Market Determination for a loan product.
