You may know that NRMA offers roadside assistance and insurance services, but did you know the motoring body also provides new and used car loans? Well, now you do.

NRMA is Australia’s largest member organisation with approximately 2.6 million members, and has serviced Australian car and homeowners for more than 100 years. With better roads and transport a key focus since the beginning, the member-owned mutual is responsible for many things we may take for granted, from fuel price transparency to school zone flashing lights.

What car loans does NRMA offer?

NRMA offers ‘flexible, low-rate’ car loans that are ‘easy’ to apply for. NRMA’s car loans come with no monthly fees, fixed interest rates, and loan terms of up to seven years.

Finance options are not just limited to cars. New and used motorbikes, caravans, and motor homes can be purchased with an NRMA loan. NRMA Members could also receive lower rates.

The table below features some of NRMA’s fixed-rate car loan options.

Important Information and Comparison Rate Warning

All products with a link to a product provider’s website have a commercial marketing relationship between us and these providers. These products may appear prominently and first within the search tables regardless of their attributes and may include products marked as promoted, featured or sponsored. The link to a product provider’s website will allow you to get more information or apply for the product. By de-selecting “Show online partners only” additional non-commercialised products may be displayed and re-sorted at the top of the table. For more information on how we’ve selected these “Sponsored”, “Featured” and “Promoted” products, the products we compare, how we make money, and other important information about our service, please click here.

The comparison rates in this table are based on a loan of $30,000 and a term of 5 years unless indicated otherwise. The comparison rates for car loans and secured personal loans for the relevant amounts and terms are for secured loans unless indicated otherwise. The comparison rates for unsecured personal loans are applicable for unsecured loans only. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. Comparison rates are not calculated for revolving credit products.

Monthly repayment figures are estimates only, exclude fees and are based on the advertised rate for the term and for the loan amount entered. Actual repayments will depend on your individual circumstances and interest rate changes. Rates correct as of . View disclaimer.

For a better idea of how NRMA’s car loans compare to other low-rate car loans on the market, the table below features car loans from other lenders.

Lender

VariableNew1 yearMore details
  • Available for purchasing new and demo vehicles
  • $5,000 to $150,000 loan amount
  • Redraw facility available up to $5000/day
  • Required: Good credit history, stable employment history. Aus citizenship or PR.

New Car Loan - Home Owner Special

  • Available for purchasing new and demo vehicles
  • $5,000 to $150,000 loan amount
  • Redraw facility available up to $5000/day
  • Required: Good credit history, stable employment history. Aus citizenship or PR.
FixedNew99 yearsMore details
Loan amounts from $2k to $75k
  • Available for any new motorised vehicle
  • No ongoing or early exit fees
  • 1-7 years loan terms. Pay monthly, fortnightly, or weekly
  • Get quick decision. Funds in 24 hrs if approved
Loan amounts from $2k to $75k

New Car Loan

  • Available for any new motorised vehicle
  • No ongoing or early exit fees
  • 1-7 years loan terms. Pay monthly, fortnightly, or weekly
  • Get quick decision. Funds in 24 hrs if approved
FixedNew1 yearMore details
Approval within 24 hoursEarly payout available
  • Required: Good credit history, stable employment history. Aus citizenship or PR.
Approval within 24 hoursEarly payout available

New Car Loan - Special (Fixed)

  • Required: Good credit history, stable employment history. Aus citizenship or PR.
Important Information and Comparison Rate Warning

All products with a link to a product provider’s website have a commercial marketing relationship between us and these providers. These products may appear prominently and first within the search tables regardless of their attributes and may include products marked as promoted, featured or sponsored. The link to a product provider’s website will allow you to get more information or apply for the product. By de-selecting “Show online partners only” additional non-commercialised products may be displayed and re-sorted at the top of the table. For more information on how we’ve selected these “Sponsored”, “Featured” and “Promoted” products, the products we compare, how we make money, and other important information about our service, please click here.

The comparison rates in this table are based on a loan of $30,000 and a term of 5 years unless indicated otherwise. The comparison rates for car loans and secured personal loans for the relevant amounts and terms are for secured loans unless indicated otherwise. The comparison rates for unsecured personal loans are applicable for unsecured loans only. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. Comparison rates are not calculated for revolving credit products.

Monthly repayment figures are estimates only, exclude fees and are based on the advertised rate for the term and for the loan amount entered. Actual repayments will depend on your individual circumstances and interest rate changes. Rates correct as of June 16, 2024. View disclaimer.

Why choose NRMA for your car finance?

NRMA car loans come with a few key features, including:

Flexible repayments

NRMA’s car loans come with flexible repayment options - fortnightly or monthly - and no monthly fees. You can also make extra repayments at any time with no extra fees involved.

Quick settlement

Loans settle quickly once all the paperwork is out of the way, with funds available the next day, so you can be in your new set of wheels quickly.

Member benefits

NRMA Members could save up to 1% off car loan rates.

Having a car loan with NRMA may simplify your car expenses. Offering other car-related products and services including roadside assistance, car insurance, car servicing, battery health checks and more; having your car loan through NRMA could mean all your car-related expenses are in one place.

How to apply for an NRMA car loan

Applying for a new or used car loan with NRMA should take about 10 minutes, and to make it even quicker, NRMA recommends having your current driver's licence handy.

To process your application, NRMA will need employment information including:

  • Employer contact details

  • Length of employment

NRMA will also need financial details including:

  • Income

  • Assets

  • Savings

  • Other loan details (including credit and store card details)

  • Other expenses (rent, child support payment details, and so on)

Image by Kelly Sikkema on Unsplash