NRMA auto loans for new and used cars

Commonly known for its slogan “help is who we are,” NRMA offers flexible auto loans for new and used vehicles.

You may know that the NRMA offers roadside assistance and insurance, but did you know that the auto body also offers new and used car loans? Well, now you do.

The NRMA is Australia’s largest membership organization with approximately 2.6 million members and has served Australian car and home owners for over 100 years. With improved roads and transportation a key goal from the start, the member-owned mutual is responsible for many things we can take for granted, from fuel price transparency to school zone flashing lights.

What auto loans does NRMA offer?

The NRMA offers “flexible, low-rate” auto loans that are “easy” to apply for. NRMA auto loans are offered with no monthly fees, fixed interest rates and loan terms of up to seven years.

Financing options are not limited to cars. New and used motorcycles, caravans and motorhomes can be purchased with an NRMA loan. NRMA members could also benefit from lower rates.

The table below outlines some of NRMA’s fixed rate car loan options.

*Comparative rates based on a loan of $30,000 for a term of five years. Please note: this comparison rate is only true for this example and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different comparison rate. Rates correct as of February 14, 2022. See disclaimer.

For a better idea of ​​how NRMA auto loans compare to other low rate auto loans on the market, the table below shows auto loans from other lenders.



Lender

type of interest Vehicle type Maximum vehicle age Ongoing charges Registration fees Full refund Prepayment Instant Approval Online application

Fixed New 1 year More details

Green car loan

Fixed New, used 99 years old More details
APPLY ONLINE

Car loan

  • No additional refunds or early exit fees
  • Up to $75,000 in loans
  • Funding approved within 24 hours
Fixed New 4 years More details
GET APPROVAL WITHIN 24 HOURS

Car loan (new and used by the dealer) (
  • Approval in 24 hours
  • Balloon options to reduce refunds
  • No ongoing charges, no waiver fees

Fixed New 2 years More details
FAST FREE APPLICATION PROCESS

Quick New Vehicle Loan Low Rates

  • Quick application process with no monthly fees
  • Low fixed interest rates with terms up to seven years
  • New car loans cover cars for up to 3 years

Quick New Vehicle Loan Low Rates

  • Quick application process with no monthly fees
  • Low fixed interest rates with terms up to seven years
  • New car loans cover cars for up to 3 years
Fixed New 1 year More details
No ongoing fees

Plenty car loan

  • Interest rates ranked in the top 20%
  • No ongoing fees
  • Can apply online

Plenty car loan

  • Interest rates ranked in the top 20%
  • No ongoing fees
  • Can apply online
Fixed New, used 7 years More details
No ongoing fees

Plenti car loan (refinancing)

*Comparative rates based on a loan of $30,000 for a term of five years. Please note: this comparison rate is only true for this example and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different comparison rate. Rates correct as of February 14, 2022. See disclaimer.

Why choose NRMA for your car financing?

NRMA auto loans have a few key features that

Flexible repayments

NRMA auto loans come with flexible repayment options – fortnightly or monthly – and no monthly fees. You can also make additional refunds at any time at no additional cost.

Quick settlement

Loans are settled quickly once all the paperwork is settled, with funds available the next day, so you can be in your new set of wheels quickly.

Benefits for members

NRMA members could save up to 1% reduction on car loan rates.

Having a car loan with NRMA can simplify your car expenses. Offer other automotive-related products and services, including roadside assistance, car insurance, car maintenance, battery health checks and more; having your car loan through the NRMA could mean all your car-related expenses are in one place.

How to Apply for an NRMA Auto Loan

Applying for a new or used car loan from NRMA should take around 10 minutes, and to make it even faster, NRMA recommends having your current driver’s license ready.

To process your application, the NRMA will need employment information, including:

  • Employer contact details

  • Duration of employment

The NRMA will also need financial details, including:

  • Income

  • Assets

  • Savings

  • Other loan details (including credit card and store details)

  • Other expenses (rent, child support payment details, etc.)


Image by Kelly Sikkema on Unsplash

The entire market has not been taken into account in the selection of the products above. Instead, a reduced portion of the market was considered. Products from some vendors may not be available in all states. To be considered, the product and price must be clearly published on the product supplier’s website. Savings.com.au, yourmortgage.com.au, yourinvestmentpropertymag.com.au and Performance Drive are part of the Savings Media group. In the interest of full disclosure, Savings Media Group is associated with Firstmac Group. To learn how Savings Media Group handles potential conflicts of interest, as well as how we are paid, please visit the website links at the bottom of this page.

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