Personal loans
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Loan pre-approval in 7 working hours* -
RAA members save -
Flexible repayment terms -
No monthly fees
Apply for a personal loan for debt consolidation, refinancing and more
We provide personal loans from $8,000 up to $100,000 for purposes like debt consolidation, refinancing, travel, home improvements or buying a vehicle.
We offer competitive rates, fast approval and no monthly fees. Plus if you're an RAA member, you also get access to great savings on standard interest rates¹.
Applying online is quick and easy, with loan pre-approval within 7 working hours*.
Personal loan repayment calculator
Interest rates
Enjoy competitive interest rates and no monthly fees with RAA Finance.
Plus, if you're an RAA member, you’ll save 1% p.a. off the standard interest rate and $100 off the establishment fee.
Secured loan interest rates
| Loan amount | $8,000 - $24,999 |
$25,000 - $34,999 | $35,000 - $54,999 | $55,000+ |
| Member interest rate | 12.05% p.a. | 9.60% p.a. | 8.90% p.a. | 8.60% p.a. |
| Member comparison rate^ | 12.50% p.a. | 10.04% p.a. | 9.34% p.a. | 9.03% p.a. |
| Non-member interest rate | 13.05% p.a. | 10.60% p.a. | 9.90% p.a. | 9.60% p.a. |
| Non-member comparison rate^ | 13.65% p.a. | 11.19% p.a. | 10.48% p.a. | 10.18% p.a. |
Unsecured loan interest rates
| Loan amount | $8,000 - $20,000 |
| Member interest rate | 15.05% p.a. |
| Member comparison rate^ | 15.50% p.a. |
| Non-member interest rate | 16.05% p.a. |
| Non-member comparison rate^ | 16.66% p.a. |
Important information about comparison rates
^Comparison rates are based on a $30,000 Personal secured loan for a 5 year term. The comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Please check the loan terms and conditions (PDF, 600KB).
There are no monthly account-keeping fees with RAA Finance. A one-off establishment fee of $299 for RAA members and $399 for non-members, plus an $8.00 Personal Properties Securities Registration (PPSR) fee may apply. An early termination fee of $225 may apply if a loan is paid out in the first 24 months.
A personal loan can help you
Consolidate your debt
Refinance an existing loan
Spoil yourself
How do I apply?
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Check your eligibility
You need to be:
At least 18 years old
An Australian citizen or permanent resident
Living in SA or Broken Hill
Earning a regular income
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Gather your documents
You need to have:
Proof of identity
Residential and employment details for the past two years
Financial details including income, assets, expenses and liabilities
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Submit an application
Apply online or call us on 8202 8331.
We'll let you know the outcome of your application within 7 working hours.* -
We'll be in touch
As a successful applicant, we’ll ask you for some documents and have you sign some of ours.
We’ll arrange an EFT transfer.
Why choose RAA Finance?
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Pre-approval within 7 working hours*
Achieve your dreams faster, with loan pre-approval within 7 working hours.* -
Borrow from $8,000 up to $100,000
You can borrow from $8,000 up to $100,000 with a secured loan and from $8,000 up to $20,000 with an unsecured loan. -
Flexible repayment terms
Choose fortnightly or monthly repayments, and a term of 3 – 7 years for a secured loan or 3 – 5 years for an unsecured loan.
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Competitive fixed interest rates
With our competitive fixed interest rates, you'll know exactly how much your repayments are for the full term of the loan. -
No monthly fees
With no monthly fees you’ll save even more. -
RAA members save
RAA members get 1% p.a. off the standard interest rate, plus get $100 off the loan establishment fee.
Frequently asked questions
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What fees and charges are there?
There are no monthly account-keeping fees. Before you start your loan term, you'll need to pay:
- Establishment fee: $299 (RAA members), or $399 (non-members)
- Personal Properties Securities Registration (PPSR) fee: $8 (if you're buying a vehicle with your loan)
The PPSR is to check that the vehicle you're buying is debt-free, safe from repossession, not written off and not reported stolen.
If you choose to repay your loan in the first two years, you'll pay an early termination fee of $225.
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It's better to be a member
RAA members can receive discounts on shopping and entertainment with RAA Rewards, enter exclusive competitions and access member-only services.
Plus, we love to reward our loyal members with savings on select policies and products.
You might also be interested in
We're here to help
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Call us
Monday to Friday, 9am to 5pm -
Enquire online
Send us a message and we'll contact you -
Find a shop
Drop in and chat face-to-face -
Frequently asked questions
Visit our Help Centre for answers to FAQs, key documents and more
Things you should know
*Subject to applicants satisfying all conditions. Limited lending criteria. Fees and charges are payable. If the conditions of your loan have been met, the loan contract will be available for signing the following business day and the funds will be processed either via BPAY or EFT 24-48 hours from settlement.
When deciding to purchase or hold an RAA Finance loan, consider the RAA Finance loan terms and conditions (PDF, 600KB) and Target Market Determination.
RAA Finance loans are provided by RAC Finance Limited ABN 77 009 066 862 Australian Credit Licence 387972 and are subject to RAC Finance lending criteria; conditions, fees and charges apply. Royal Automobile Association of South Australia Incorporated ABN 90 020 001 807 credit representative number 466848 is an authorised representative of RAC Finance Limited.
If you have any queries regarding your existing loan with Royal Automobile Association of South Australia Incorporated, trading as RAA Finance, please call 1300 651 812 or email finance@raa.com.au.
¹RAA members save 1% p.a. on the standard interest rate.