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NRMA personal loans

The NRMA has personal loans that are available to help fund the purchase of a new or used car, motorhome, caravan or boat. If you’re looking to save money by refinancing a personal loan, NRMA can also help. On this page you’ll find a quick summary of the loan options available through the NRMA as well as some essential info to help you compare your options. If you’re wondering how NRMA’s rates and fees compare with other loans in our database, check out our personal loan comparison tool.

NRMA offers the following personal loans

Rates and fees verified as correct at 25 May 2024. Other information correct at the time of writing. Advertiser disclosure.
Product Interest rate from Comparison rate from Upfront fee
Electric Vehicle Loan (Fixed, Secured)

5.79% p.a.to 15.64% p.a.

6.49% p.a.to 16.41% p.a.based on $30,000
over 5 years


New Car Loan (Fixed, Secured)

8.49% p.a.to 16.99% p.a.

9.21% p.a.to 17.77% p.a.based on $30,000
over 5 years


New Car Loan (Fixed, Secured, Excellent Credit Score [832+])

7.29% p.a.to 7.79% p.a.

8.00% p.a.to 8.50% p.a.based on $30,000
over 5 years


Used Car Loan (Fixed, Secured)

8.49% p.a.to 16.99% p.a.

9.21% p.a.to 17.77% p.a.based on $30,000
over 5 years


What personal loans does NRMA offer? 

Car Loan 

NRMA offers two fixed rate car loan options: one for new vehicles and one for used. The benefit of having a fixed interest rate is that you’ll know exactly what your loan repayments will be each month that you have the loan. With a variable rate loan your repayments could go up or down depending on interest rate cycles. There are early repayment penalties to consider with an NRMA fixed rate car loan. If you pay back the loan before the term, you will need to pay a fee if there is more than 25% of the term remaining.

With this loan you’ll be able to borrow for up to 7 years. There isn’t a limit for how much you can borrow as long as you have the income to pay back the loan in the time period. Just keep in mind that the minimum loan amount with the NRMA loans is $5,000.  Borrowers have flexible loan options so you can choose whether you want to make fortnightly or monthly repayments. You can also make extra repayments anytime if you choose.

Keep in mind, there is an upfront application cost to budget for. 

NRMA personal loan features at a glance 

  • Repayment schedule options: NRMA personal loan options come with the choice of weekly, fortnightly or monthly repayments.  

  • Extra repayments: On top of what you pay regularly towards your NRMA personal loan, there is also the opportunity to make extra repayments too.  

How do I apply for a NRMA personal loan? 

NRMA say that you can get loan pre-approval within 5 business hours when you apply online. Once all the paperwork is sorted out you will have access to the funds the next day.

First you’ll need to ensure that you are eligible to apply. For this you’ll need to be an Australian citizen or resident for tax purposes and be over the age of 18 years.

And to make sure that you have all the info required for your loan application you’ll need:

  • Drivers licence number

  • Details of your income

  • Assets and liabilities   

  • Credit card or store card details

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