RAA personal loans

RAA has plenty of options if you’re looking to borrow money for a new or used car, caravan or boat or even a holiday. You don’t have to be a member of the RAA to apply, but there are member discounts so it’s worth considering, depending on how much you are borrowing. Below is a summary of the RAA loans available but you can also compare other loan providers on our website with our personal loan comparison tool.

RAA offers the following personal loans

Rates and fees verified as correct at 22 June 2024. Other information correct at the time of writing. Advertiser disclosure.
Product Interest rate from Comparison rate from Upfront fee
Car Loan (Fixed, Secured, Loan amounts $15,000-$24,999)

10.60% p.a.

11.12% p.a.based on $10,000
over 3 years


Car Loan (Fixed, Secured, Loan amounts $25,000-$34,999)

9.90% p.a.

10.42% p.a.based on $30,000
over 5 years


Car Loan (Fixed, Secured, Loan amounts $8,000-$14,999)

13.05% p.a.

13.59% p.a.based on $10,000
over 3 years


Car Loan (Fixed, Secured, Loan amounts >$35,000)

9.60% p.a.

10.12% p.a.based on $30,000
over 5 years


Unsecured Personal Loan (Fixed)

16.05% p.a.

16.59% p.a.based on $10,000
over 3 years


What personal loans does RAA offer? 

Car Loan 

RAA offers a fixed rate car loan. The benefit of a fixed rate loan is that it allows you to budget accordingly, knowing that your loan repayments stay the same month to month. You can borrow from as little as $8000 up to $100,000 as well as choose a loan term between 1 - 7 years. Just remember, RAA has a tiered interest rate structure which changes depending on how much money you are borrowing. The more money you borrow the lower your interest rate. Also, if you are a member of the RAA you’ll get a 1% rate discount from non-member rates and a $100 discount off the loan establishment fee.

When it comes to paying down your loan, you can set up your loan repayments to suit you. RAA offers a choice between weekly, fortnightly and monthly repayments. Plus, there is the option to make extra repayments too. However, if you want to pay out your loan early, you might have to pay an early repayment penalty.

RAA loans don’t have ongoing fees, so all of your loan repayments go towards paying back your loan. There are some other fees like a late payment fee or a fee if you pay out the loan early so it’s a good idea to set up automatic repayments and choose a loan term that will work best with your household budget.

RAA personal loan features at a glance 

  • Extra repayments: In addition to either fortnightly or monthly regular repayments, you can make extra repayments too whenever it suits you. 

  • Redraw facility: This feature allows you to redraw your additional contributions - it can be handy if you find yourself strapped for cash later on.  

  • Discount for RAA members: For members of RAA there is a 1% discount off the standard non-member interest rate, plus an $100 discount off the upfront establishment fee. 

How do you apply for a RAA personal loan?

If you satisfy all the conditions required to qualify for a RAA personal loan, you could be approved within a business day. You need to be: 

  • Over 18 

  • A permanent resident of SA or Broken Hill 

  • Earn a regular income 

You can apply online. You’ll need to provide the usual documentation such as ID, recent payslips, list of current assets / liabilities.

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