RAC Loan

Compare RAC Loans

If you have been thinking about borrowing some money, to buy a new car or carry out some home improvements you might have been wondering if an RAC personal loan was the right choice for you. Before you decide you could use the below comparison tables to look at some loans offered by a variety of different lenders.

ProviderLoan AmountCredit HistoryRates FromTerm 
£2,500 to £15,000Good Credit Only3.2%



2 years to 5 yearsGet Quotes >
  • 10 minute online quote, instant decision
  • Money can be with you within 48 hours
  • No arrangement, over payment or early repayment fees
  • Must be aged 21 or over
  • UK Resident with a UK bank account

Representative Example:  The Representative APR is 3.2%, so if you borrow £7,500 over 3 years at a rate of 3.03% p.a. (fixed) plus an arrangement fee of £30, you will repay £218.94 for 36 months and £7,881.84 in total.

£1,000 to £25,000Good Credit Only7.9%


1 year to 7 yearsGet Quotes >
  • 7.9% APR Fixed for personal loans between £1,000 and £25,000 
  • Sole or joint names
  • Choose loan length (1 to 5 year for loans £1,000 to £15,000, 1 to 7 year for loans £15,100 to £25,000)
  • Get a personalised quote online without affecting your credit score
  • Option to repay early, unlimited over payments and payment holidays
  • No fees to pay
  • Must be aged between 50 and 75 
  • Must own your home in England, Scotland or Wales
  • Must have a single or combined income of at least £12,000, which includes pensions and income from savings and investments.
  • Provided by Shawbrook Bank Limited
  • Acromas Financial Services Limited is a credit broker, not a credit lender

Representative Example: The Representative APR is 7.9%. Based on an assumed loan amount of £10,000 over 36 months at a interest rate of 7.9% pa (fixed), you will repay £311.65 per month. Total amount you repay £11,219.40.

£1,000 to £25,000All Credit Histories Considered14.9%


1 to 5 YearsGet Quotes >

Representative example: The Representative APR is 14.9% (variable).The Representative APR is If you borrow £90,000 over 4 years at a representative 14.9% APR and an annual interest rate of 14.9% (fixed) you would pay £245.80 per month. Total charge for credit will be £2,798.51. Total amount repayable is £11,789.51.

£1,000 to £20,000All Credit Histories Considered42.5%


1 to 4 YearsGet Quotes >
  • Rebuild Your Credit
  • Interest rates start from 9.3% APR
  • Fast,online application - optimised for all desktop / mobile / tablet devices
  • Instant Online Decision using 'soft' credit searches (Won't affect your credit score)
  • Funds as soon as same day
  • No hidden fees or early repayment charges
  • Must be aged 18
  • Must be UK resident
  • Administration fee applies, not payable upfront but instead included in monthly repayments
  • Applicants must have a net monthly income of at least £1,000, be in full time or part time employment, and have no CCJ's

Representative Example: The Representative APR is 42.5% (fixed). If you borrow £3,000 over 3 years at a rate of 31.9% p.a (fixed) plus an arrangement fee of £157.90, you will repay £137.31 per month & £4,943.24 in total.

£1,000 to £20,000All Credit Histories Considered99.90%


1 to 2 YearsGet Quotes >
  • Interest Rates from 35.9% - 99.9%, depending on the information you provide in your application
  • Fixed monthly repayments
  • Instant Online Decision
  • Must be aged 18
  • Must be UK resident

Representative Example: The Representative APR is 99.9% (fixed) - Based on an assumed loan amount of £1,500 over 24 months at an interest rate of 71.3% p.a. (fixed) you would pay £118.88 a month and £2,853.12 in total.

 RAC Loans Feature:

  • Borrow from £2,500 to 25,000
  • Repayment terms of 2 to 5 years
  • Potential benefits for RAC members who apply
  • Online application
  • Instant decision
  • Funds could be paid next working day
  • Provided by Hitachi Capital


To be eligible for an RAC loan you must:

  • Be aged 18 years or over
  • Have been a permanent UK resident for a minimum of 12 months
  • Have a good credit history
  • Be in permanent paid employment, self-employed or be retired with a pension.


RAC loan calculator


If you think an RAC loan could be the right choice for you, you may wish to use the RAC loan calculator. You just need to enter on the slider tools how much you wish to borrow and how long you would like the repayment term to be. The RAC loan calculator will then give you an estimate based on the lender’s Representative Annual Percentage rate for a loan of that size.


Remember however that you are not guaranteed to get the APR that the calculator used. If you decide to apply for a loan and you are accepted a lender may tailor the specific APR they are willing to offer a borrower following an assessment of their financial circumstances such as; their credit history, how much they earn and any already existing credit commitments.


Before you apply


There are diverse range of loans available on the market from different lenders, shopping around before you take out a loan therefore is a good idea, think about what loan features are most important to your specific needs when looking. You can use the above comparison tables to look at loans from various lenders at the same time.


As well as shopping around beforehand you may also want to take into consideration alternatives to borrowing. For example if you already have the required funds in your savings it may be better to use them instead. This is because you might find that the interest you earn from your savings are less than the interest you could be charged on a loan of the same size.


There are also other types of borrowing than loans such as authorised overdrafts and credit cards you might want to think about.


If the reason you want a loan is to consolidate already existing debt then you should understand that by spreading your payments over a longer term you may ultimately be paying back more than you would if you stayed with your current arrangements, even if the interest rates on the new loan are less than what you are currently paying.