NRMA Car Loans

Whether you’re buying a new or used car, caravan or motorcycle, NRMA may have a financing option for you.

4.1 ★★★★★ (12 reviews) Write a review
NRMA

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Note: NRMA stopped accepting car loan applications in June 2024. NRMA no longer offers car loans. Information in this guide is no longer updated.

NRMA is Australia's largest member organisation and one of Australia's most well-known car and vehicle service providers. It offers car-related services to members, which includes car loans and insurance. It's not necessary to be a member of the NRMA to take out a loan, but if you are a member you can take advantage of a discounted rate.

How do NRMA car loans compare?

  • Secured Car Loan. You can attach a new or used car, motorcycle, caravan, motorhome, caravan or boat, or even refinance an existing car loan with the Secured Car Loan from NRMA. You can get a competitive fixed rate from 7.29% p.a. and have up to 7 years to repay it. You can borrow between $5,000 and $130,000 and enjoy no monthly fees. Five-hour pre-approval is also available you can receive your funds on the next day following approval.

Is your vehicle eligible to be used as security?

Any of the following vehicles may be able to be used for finance:

  • New or used cars
  • A new motorcycle
  • A caravan or motorhome
  • A new boat

How you can apply for an NRMA Car Loan

If you're interested in applying for the NRMA Secured Car Loan, you can get your application started conveniently online. First, make sure you meet the application criteria as outlined below:

  • You must be at least 18 years old.
  • You must an Australian citizen or permanent resident.
  • You must confirm that you've been employed part-time or full-time for at least three months, casually employed for at least 12 months or self-employed for at least two years.
  • Your credit history must be free of defaults and bankruptcy.

The application process will take about ten minutes to complete. Before you begin, make sure you have the following details on hand:

  • Current driver's licence
  • Employment details including your employer's contact information and how long you've been employed
  • Your financial information such as your income, assets, savings, details of your other loans and your expenses

You do not have to be an NRMA Member, but by taking out NRMA membership it may entitle you to qualify for an instant saving on an NRMA car loan. If you are an NRMA Member, then having the membership number handy when applying ensures taking advantage of any member savings.

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14 Responses

    Default Gravatar
    AnnieJuly 12, 2014

    Hello,
    I am a Pensioner (62) have small mortgage payment each month, & have $850 clear(from Pension) each month after expenses, annual earnings $22,000 + I have a casual job with upwards of $150 per fortnight.
    I am wanting a car loan of $12,000. I am a NRMA Gold Member.
    What are my chances? & what rate will apply?
    Be grateful for a reply
    Thanks Annie

      AvatarFinder
      ShirleyJuly 14, 2014Finder

      Hi Annie,

      Thanks for your question.

      The conditions for this loan are as follows:
      -The loan amount is more than $5,000
      -You are over 18 years of age
      -You haven’t defaulted on any loan or credit within the last three years
      -You haven’t entered bankruptcy within the last 7 years
      -You’re an Australian resident or citizen
      -You can provide evidence of a regular income

      You’ll need to be able to show that your income can service your repayments. Since your loan amount is less than $15,000 the discount may not apply. Please refer to the interest rate for this.

      If you have any questions about your eligibility, please speak to the customer service team at NRMA as they will be able to provide you with a more informed answer.

      Cheers,
      Shirley

    Default Gravatar
    SherrinFebruary 19, 2014

    Hi, I am a single mum receiving a pension, is it possible for me to get a secure car loan?
    Thanks

      AvatarFinder
      MarcFebruary 20, 2014Finder

      Hi Sherrin,
      thanks for the question.

      To be eligible to apply for this loan with a pension you must be earning over $1,500 a month and fully own your home.

      I hope this helps,
      Marc.

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