NRMA Car Loans

Both of the NRMA car loans offer a loan term of up to 7 years.

NRMA does not charge any ongoing account fee on its car loans, however both its new and used car loan products have a once-off application fee of $380.

See this article for look at the average fees currently charged by car loan providers on the market (based on Canstar’s Personal Loans Star Ratings for November 2017), to see if NRMA’s fees are more or less what the average customer is paying.

Applying for a NRMA personal loan is straightforward; you can do it online after visiting Canstar’s comparison tables. When applying for a personal loan with NRMA (or most providers in Australia for that matter), you generally need to meet the following criteria:

• The car or motorcycle must be for personal use
• You must be 18 or over
• You must be a permanent Australian resident or valid work visa holder
• Currently employed with a stable income
• Have a solid credit rating and not be bankrupt

In addition, you may also have to meet the minimum loan amounts specified by the provider (see above). If done online, the application process can take as little as 10 minutes, provided you have everything on hand. You may need to provide documents and ID such as:

• A current driver’s license
• Details of your current and previous (if applicable) employer
• Details of your income, assets, expenses and liabilities
• Previous tax returns if you are self-employed

You may also require your current account number for NRMA if you’re an existing member.

NRMA was established in 1925 by the National Roads and Motorists’ Association, in order to provide car insurance to members in NSW and the ACT. In 1995, they added Queensland to the mix as well.

NRMA is the trusted insurer for millions of Australian drivers, and they employ 400 people in Queensland alone. Apart from your car, you can also insure your other vehicles: motorbike or scooter, bicycle, caravan, or boat.

You can download the NRMA Insurance App on the Apple iTunes Store or Google Play for Android.

NRMA is proud to have been among the first to provide CTP Green Slip insurance. Up until June 2013, NRMA Insurance was the only licenced provider of CTP insurance in the ACT.

NRMA is now part of the Insurance Australia Group (IAG), the largest general insurers in Australia and New Zealand. NRMA have created partnerships to provide car insurance in other states: with SGIC in South Australia, and with SGIO in Western Australia.

NRMA also supports their community in a number of ways including:

• Raising awareness of child car safety and offering free child restraint safety checks
• Supporting 150 Australian community organisations every year through their community grants program
• Being a corporate supporter of the NSW State Emergency Service (SES)
• Sponsoring the Brisbane Broncos

NRMA is also an environmentally friendly company. They offer a 10% discount for fuel efficient cars, have reduced their carbon footprint by 30% since 2006, have reduced their carbon dioxide equivalent emissions by 5% per year since 2009, and are a signatory to the UN Environment Program’s Finance initiative.

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