NRMA car loans

NRMA's overall rating for car loans

(as rated by the Mozo community)

7.0 / 10

based on 1 reviews

The National Roads and Motorists' Association or NRMA may be known for providing everyday Aussies with roadside assistance and international driver’s licences, but it specialises in car loans too. If you need credit to buy a new or used vehicle, consider NRMA’s fixed rate options, which you can read more about below or to compare all loans in our database head over to our car loan comparison tool.

NRMA offers the following car loans

Product Interest rate from Comparison rate from* Upfront fee

4.99% p.a.

5.69% p.a.based on $30,000
over 5 years


6.49% p.a.

7.19% p.a.based on $30,000
over 5 years


*The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. 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.

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NRMA car loan FAQs

What is a fixed interest rate?

As you may have noticed in the table above, NRMA’s two car loans have fixed rates, meaning your loan repayments stay set during the loan term you select. It may give you that sense of security you’re looking for in a loan, especially if you’re on a fixed income. On the downside, you may be charged a break cost fee if you decide to clear your debt earlier than your contract stipulates.

What is a secured car loan?

Good question. With NRMA you’re required to secure your vehicle to the loan. The good thing about this is that it means that NRMA offer you a lower interest rate but if you find yourself in a situation where you cannot repay your debt, NRMA can repossess the car. If secured loans aren’t your thing, return to our hub and compare unsecured loans in the market.

How much can I borrow?

To access the lowest rates, you’ll be required to borrow at least $15k, and there’s no loan limit. If you take out a loan for less than that, you’ll end up paying more in interest. Remember, what you’re approved for will depend on your ability to repay the debt so before you apply why not crunch the numbers with our car loan repayments calculator.

Can I buy a used car?

Sure can, so long as you select an approved vehicle model by NRMA’s standards. Of course, your set of wheels must be fully registered too. If you do buy a second-car, keep in mind your interest rate will be higher with the NRMA than a loan for a new car.

How frequently will I need to make repayments?

With NRMA, you can choose between a fortnightly or monthly billing cycle, but not weekly.

Can I make additional loan repayments and use a redraw facility?

Feel free to pay off your loan faster, just keep in mind you’ll have no access those extra repayments if you need to access the money down the track.

How long can I take to pay off my loan?

NRMA has loan terms from 1 to 7 years.

What will happen if I repay my loan early?

You may be charged a fee based on NRMA’s financial loss as a result of you doing it. This will depend on how long you have left on the loan term and the amount still owing on the loan.

What’s the car loan application process like?

Like most car loans these days, the process couldn’t be easier. Apply online, over the phone, or do it the old fashioned way at one of NRMA’s service centres. To qualify, keep in mind you’ll need to be an Australian resident and be over 18 years old. Personal documents to include in your application are:

Once you’ve applied, expect to hear back from NRMA on how you went within a few business days.

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