RAC Personal Loans

APR: 10.9% Representative
Loan amount: £2,500 - £25,000
Repayment duration: 24 - 60 Months
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RAC Personal Loans customer reviews

4.8 out of 5 from 5 reviews

very quick

08:56 10-05-2017

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got a personal loan with shawbrook bank through rac loans. instant decision and a quick phone call to verify my details. money was in my bank three days later. great service.

noeline stewart

Fast and quick

15:18 09-05-2017

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One of the quickest turn around time in the industry. Very happy with their service.

N Adam

The east loan application I have ever done!

15:06 22-04-2017

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The application process is simple straightforward and easy. The decision on the loan was sent back quickly and there was a followup call to make sure I understood and happy with the loan agreement.

Eileen Pillar


13:05 21-04-2017

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Easy, helpful, kept in touch with whats happening all the way, fast service


Excellent speedy service!

12:52 21-04-2017

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I have been with the RAC for over 14 years and out of the blue I received an email about their loans. As I needed some extra funds I contacted them. Within a few days the money was in my bank account. I was impressed by their professionalism and speed of operation.

Karen Banks

Our review of RAC Personal Loans

Our review by Alex
Written by: Alex
Consumer sentiment


Breakdown cover powerhouse RAC offer personal loans between £2,500 and £25,000. Their loans are fulfilled by Hitachi Capital and so there is some crossover between the two, such as the same competitive representative APR of 3.8%, customers must be employed (or receiving a pension) and poor credit won’t be accepted.

The process seems to be fairly quick, the online application takes only around 10 minutes as long as you’ve got all the necessary information such as your address details for the last three years, employment details, annual income and your bank account details. If successful, then the RAC loan will be available in your account the next working day.

It’s quite difficult to find online reviews for RAC loans and at the time of writing there are none on Choose Wisely, but their OPTIOSCORE is relatively high at 79.2. This is mainly due to their features and consumer sentiment which are both at very good levels. Taking a quick glance at Hitachi (who provide RAC loans), they achieved Best Direct Personal Loan Provider in 2015 by Your Money, so this should offer some insight into how they are as a lender and offer some comfort to those who apply.

Overall verdict: RAC benefit from having their finance provided by Hitachi. Both are good household names that should give customers confidence in them as a lender. If you are going to apply for a loan with RAC then make sure that you have good credit history otherwise you are going to be declined and that could harm your credit history in the long run. If you do meet the criteria then it’s worth applying for the competitive rate of APR.


  • Online application with instant decision
  • Well-known household name
  • Funds could be available the next day
  • Competitive representative APR
  • No hidden fees or charges

Minimum criteria

  • You must be aged 18 or over
  • You will need to have a bank or building society account
  • Must be a permanent UK resident for at least 12 months
  • You must be employed, self-employed or retired with a pension
  • You must have good credit history


  • Maximum APR 10.9%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment fee: £22

About RAC Personal Loans

RAC Loans offer personal loans between £2,500 and £25,000 over a loan term ranging from two to five years. Their representative APR is 10.9%, although personal circumstance and credit history can change this during the application. They don’t charge any arrangement fees and there are no hidden charges. RAC’s application is completed online and applicants are able to get a decision almost instantly with funds available the next day. If successful, applicants can use the loan for anything, not just for purchasing a car.

To apply for a loan with RAC you will need to have good credit history and meet a number of criteria including being employed, self-employed or retired with a pension, having a UK bank or building society account and been a UK resident for over one year. When applying, ensure that you have all the necessary documentation and the online application should take no more than 10 minutes.

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