Personal Loans
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Get your loan pre-approved in 7 working hours* and receive the money fast -
Flexible repayment terms -
No monthly fees -
RAA members save
Apply for a fixed rate loan with flexible repayment options
We provide personal loans for many worthwhile purposes, including for a car, travel, home improvements, refinancing and debt consolidation.
We offer competitive rates, fast approval and no ongoing fees. And if you're an RAA member, you also get access to great savings.
Why choose RAA Finance?
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Pre-approval within 7 working hours*
Achieve your dreams faster, with loan pre-approval within 7 working hours.* -
Borrow from $8,000
You can borrow from $8,000 to $100,000 with a secured loan and from $8,000 to $20,000 with an unsecured loan (unsecured loans only available to home owners). -
Flexible repayment terms
Choose fortnightly or monthly repayments, and a term of 3 – 7 years for a secured loan or 3 – 5 years for an unsecured loan.
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Competitive fixed interest rates
With our competitive fixed interest rates, you'll know exactly how much your repayments are for the full term of the loan. -
No monthly fees
With no monthly fees you’ll save even more. -
RAA members save
RAA members get 1% p.a. off the standard interest rate, plus get $100 off the loan establishment fee.
Interest rates and fees
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RAA member rates
RAA members enjoy 1% p.a. off the standard interest rate and $100 off the establishment fee
The interest rate is fixed over the life of the loan, so your repayments won’t change.
Secured loan interest rates
Loan amount Member interest rate Comparison rate^ $35,000 and over 8.95% p.a. 9.32% p.a. $25,000 – $34,999 9.45% p.a. 9.83% p.a. $15,000 – $24,999 10.55% p.a. 10.93% p.a. $8,000 – $14,999 12.05% p.a. 12.44% p.a. Unsecured loan interest rates
Loan amount Member interest rate Comparison rate $8,000 - $20,000 16.05% p.a. 16.44% p.a. Unsecured loans only available to home owners.
Important information about comparison rates
^Comparison rates are based on a $30,000 Personal secured loan for a 5 year term. The comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Please check the loan terms and conditions (PDF, 3.29MB).
RAA Finance loans are provided by RAC Finance Limited ABN 77 009 066 862 Australian Credit Licence 387972 and are subject to RAC Finance lending criteria; conditions, fees and charges apply. Royal Automobile Association of South Australia Incorporated ABN 90 020 001 807 credit representative number 466848 is an authorised representative of RAC Finance Limited.
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Non-member rates
You'll save money on your personal loan if you join as an RAA member
The interest rate is fixed over the life of the loan, so your repayments won’t change.
Secured loan interest rates
Loan amount Non-member interest rate Comparison rate^ $35,000 and over 9.95% p.a. 10.47% p.a. $25,000 - $34,999 10.45% p.a. 10.97% p.a. $15,000 - $24,999 11.55% p.a. 12.08% p.a. $8,000 - $14,999 13.05% p.a. 13.59% p.a. Unsecured loan interest rates
Loan amount Non-member interest rate Comparison rate $8,000– $20,000 17.05% p.a. 17.60% p.a. Unsecured loans only available to home owners.
Important information about comparison rates
^Comparison rates are based on a $30,000 Personal secured loan for a 5 year term. The comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Please check the loan terms and conditions (PDF, 1.3MB).
RAA Finance loans are provided by RAC Finance Limited ABN 77 009 066 862 Australian Credit Licence 387972 and are subject to RAC Finance lending criteria; conditions, fees and charges apply. Royal Automobile Association of South Australia Incorporated ABN 90 020 001 807 credit representative number 466848 is an authorised representative of RAC Finance Limited.
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Fees
With RAA Finance there are no monthly account keeping fees.
Member Non-member Establishment Fee $255 $355 Monthly Fee $0 $0 Personal Properties Securities Registration (PPSR) Fee
A check to confirm the car you’re buying is debt-free, safe from repossession, not written off and not reported stolen.$8 $8 Early Termination Fee $225 if loan repaid in the first two years $225 if loan repaid in the first two years
RAA members enjoy 1% p.a. off the standard interest rate and $100 off the establishment fee
The interest rate is fixed over the life of the loan, so your repayments won’t change.
Secured loan interest rates
| Loan amount | Member interest rate | Comparison rate^ |
| $35,000 and over | 8.95% p.a. | 9.32% p.a. |
| $25,000 – $34,999 | 9.45% p.a. | 9.83% p.a. |
| $15,000 – $24,999 | 10.55% p.a. | 10.93% p.a. |
| $8,000 – $14,999 | 12.05% p.a. | 12.44% p.a. |
Unsecured loan interest rates
| Loan amount | Member interest rate | Comparison rate |
| $8,000 - $20,000 | 16.05% p.a. | 16.44% p.a. |
Unsecured loans only available to home owners.
Important information about comparison rates
^Comparison rates are based on a $30,000 Personal secured loan for a 5 year term. The comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Please check the loan terms and conditions (PDF, 3.29MB).
RAA Finance loans are provided by RAC Finance Limited ABN 77 009 066 862 Australian Credit Licence 387972 and are subject to RAC Finance lending criteria; conditions, fees and charges apply. Royal Automobile Association of South Australia Incorporated ABN 90 020 001 807 credit representative number 466848 is an authorised representative of RAC Finance Limited.
You'll save money on your personal loan if you join as an RAA member
The interest rate is fixed over the life of the loan, so your repayments won’t change.
Secured loan interest rates
| Loan amount | Non-member interest rate | Comparison rate^ |
| $35,000 and over | 9.95% p.a. | 10.47% p.a. |
| $25,000 - $34,999 | 10.45% p.a. | 10.97% p.a. |
| $15,000 - $24,999 | 11.55% p.a. | 12.08% p.a. |
| $8,000 - $14,999 | 13.05% p.a. | 13.59% p.a. |
Unsecured loan interest rates
| Loan amount | Non-member interest rate | Comparison rate |
| $8,000– $20,000 | 17.05% p.a. | 17.60% p.a. |
Unsecured loans only available to home owners.
Important information about comparison rates
^Comparison rates are based on a $30,000 Personal secured loan for a 5 year term. The comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Please check the loan terms and conditions (PDF, 1.3MB).
RAA Finance loans are provided by RAC Finance Limited ABN 77 009 066 862 Australian Credit Licence 387972 and are subject to RAC Finance lending criteria; conditions, fees and charges apply. Royal Automobile Association of South Australia Incorporated ABN 90 020 001 807 credit representative number 466848 is an authorised representative of RAC Finance Limited.
With RAA Finance there are no monthly account keeping fees.
| Member | Non-member | |
| Establishment Fee | $255 | $355 |
| Monthly Fee | $0 | $0 |
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Personal Properties Securities Registration (PPSR) Fee
A check to confirm the car you’re buying is debt-free, safe from repossession, not written off and not reported stolen. |
$8 | $8 |
| Early Termination Fee | $225 if loan repaid in the first two years | $225 if loan repaid in the first two years |
How do I apply?
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Can I apply?
You need to be:
At least 18 years old
A permanent resident of SA or Broken Hill
Earning a regular income
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What do I need to apply?
You need to have:
Proof of identity
Residential and employment details for the past two years
Financial details – income, assets, expenses and liabilities
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What happens after I apply?
We will:
Send you an email to confirm we’ve received your application
We'll let you know the outcome of your application within 7 working hours*
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And then?
As a successful applicant, we’ll ask you for some documents and have you sign some of ours
We’ll arrange an EFT transfer
Access a world of benefits
You might also be interested in
We're here to help
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Call us
Monday to Friday, 9am to 5pm -
Enquire online
Send us a message and we'll contact you -
Find a shop
Drop in and chat face-to-face -
Help centre
Find answers to frequently asked questions, view our terms and conditions and more
Things you should know
*Subject to applicants satisfying all conditions. Limited lending criteria. Fees and charges are payable. If the conditions of your loan have been met, the loan contract will be available for signing the following business day and the funds will be processed either via BPAY or EFT 24-48 hours from settlement.
When deciding to purchase or hold an RAA Finance loan, consider the RAA Finance loan terms and conditions (PDF, 3.29MB) and Target Market Determination.
RAA Finance loans are provided by RAC Finance Limited ABN 77 009 066 862 Australian Credit Licence 387972 and are subject to RAC Finance lending criteria; conditions, fees and charges apply. Royal Automobile Association of South Australia Incorporated ABN 90 020 001 807 credit representative number 466848 is an authorised representative of RAC Finance Limited.
If you have any queries regarding your existing loan with Motoring Club Finance Limited, trading as RAA Finance, please call 1300 651 812 or email finance@raa.com.au.