You won’t need to worry about a complex application process when applying with RACQ, as everything can be completed from the comfort of your home. It’s important to note that comparing your options before commencing this process will help you guarantee that you’re in a better position to determine which loan is best for you, both in terms of its rate and fees and the conditions which you’ll be able to take advantage of. You can also use our personal loan calculator to help you work out what the costs of different loans are based on their rates, terms and sizes.

The steps to follow when applying for your personal loan are:

Complete your application form

This will only take you around 15 minutes to complete and can be done from your computer or smartphone. Your form lays the groundwork for your application, as it tells the lender about you, your financial situation and the type of loan you’re hoping to be approved for. Once you’ve finished it, simply submit and wait for a response.

Receive a call from RACQ

You’ll be contacted by a member of the RACQ team to speak about your loan application. They’ll let you know if there are any questions or if there’s further clarification needed on any points raised in the form.

Supply extra documentation

One of these is to supply any further documents to verify your personal information. This is a relatively normal part of the application process, as many lenders will reach out to applicants for further details after their initial form is submitted.  

Receive your loan contract to sign

Once RACQ has reviewed all of the information, they can come to a final decision on whether you’re a suitable candidate for the loan. If they decide you are, you’ll be sent a loan contract to sign which confirms all of the conditions of your agreement. After you’ve signed this electronically, you can return it to RACQ and they can transfer the required funds directly into your nominated account.