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AndrewGreater Melbourne (Outer), VIC
- 5 reviews
Massively disappointed!
I would give this company -5 stars if I could.
I was approved at another lender for 56k loan at 6% but I approached them to see if I could improve the deal. Was told I needed my partner in the application but because she was abroad, the "consultant" insisted that she had to talk to my partner when she is back in order to proceed. Guess what happened next? My partner was back, the consultant didn't even talk to her but told us that our income wasn't enough to service the loan. Why the hell did she need 5 days just to figure it out? Such a waste ...Read more
of my time! Also, they promised 5hrs turnover but I was the one who made the first call to them after 6hrs. Fantastic delivery of brand promise. Furthermore, I couldn't understand why a combined income of 140k+ together with a strong balance sheet is only enough to service maximum 20k loan???
1 comment
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Cheese S.Sydney, NSW
Apply for a car loan and they don't know your buying a car.
Very slow to respond. Started calling at 10 in the morning to settle car loan. Kept getting told my contact would return my call. Finally at 1330hrs 3.5 hours later and 4th phone call i cracked it and was told that my contact was not in today. Requested loan contract to settle loan. Was informed not possible as i did not tell them i was buying a car today. Hello??? loan approved a week ago. Been phoning since 10am. Payslips, bill of sale, contract sent, drivers licence sent. 4 phone calls with messages stating i am at dealership trying to settle. Expected a far more professional operation from the NRMA... Don't waste your time.
1 comment
my n.MyNRMA
Hello Cheese, Apologies for the delay in reply here. We'd really like to follow this up and ensure your concerns are investigated further. Can you please send through a private message with your detai... Read more
ls so that our car loans team can look into this further? - Paul
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Patrick H.Richmond-Tweed, NSW
Poor Communication
Applied for a loan with NRMA Finance as I had been a member for over 30 years. Supplied all my financial information and was told I did not meet the loan servicing ability, which I found odd. Contacted them and said fair enough then I will only borrow half the amount. Was then told that I did not meet their policy requirements and to contact them if I had questions. Email them back and asked what requirments were they talking about. Dead silence. No response. They are sounding more like a bank. After 30 years membership with NRMA I did not think I would have been treated like that. Don't waste your time dealing with them.
1 comment
my n.MyNRMA
Hello Patrick, We are really sorry to hear that you were not happy with the communication from our car loans team, especially when you had not heard back from the team from your last email. That does ... Read more
sound very unusual and out of character and we'd like to look into this further. When you have a moment, can you please send through a private message with your full name, Membership # and contact details so we can look into this further? Cheers, PaulSimilar opinion? Write a review on ieatwords.com.au!
Find out how NRMA Car Loans compares to other Car Loans
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MillieSydney
Great rates and so flexible
Recently took out a loan with NRMA, the 5.99% rate is so great and the team were super helpful and fast through the application process, which always makes a massive difference for a positive experience. Made it so easy to get me behind the wheel. Being both competitive and reliable I genuinely recommend them.
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Really happy with rate and service
The online system was easy and it all went through quickly, plus the NRMA member discount was very good. :)
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GedSydney, NSW
Amazing
The NRMA car loan team are awesome, great communication, great rate and great service! Highly recommend these guys for a car loan!
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Sam B
- 2 reviews
- 2 likes
Flexible and friendly
Great rate, no monthly fees and easy process to go through. Have been an NRMA member for a long time and nice to see they are looking out for me in other ways
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5 hour response?
The NRMA claim to get back to you after 5 hours, yet two days later still haven't received a response. What a shame, my business is going elsewhere...
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- Verified customer
Punished for paying out early
Be warned, NRMA may offer lower interest rates, but there will be a penalty for paying out your loan early. This extra $200 + at the end of the life of your loan, means that what should be an exciting day, celebrating a financial goal achieved, is experienced as a kick in the pants on your way out the door. Another cash grab, for a customer with other products from this provider and a 100% payment rate.
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channsydney
Stay clear, horrible staff, give you the run around, not worth the trouble or credit check on your p
Gave me the run around, asking me to put in my own savings and lessening the amount that I applied for despite being deemed eligible by other finance companies, rude staff and very slow response. Take your business elsewhere. I put in a complaint and didnt get a response and apparently the manager doesnt take calls..
low interest rate offered
bad service, bad application process, bad communication
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Best rate around
Don't believe the 48hr loan approval, it took me close to 2 weeks and that was inquiring most days to see where it was up to. Because NRMA is just a go between the Peoples Choice Credit Union sometime the left hand doesn't know what the right hand is doing. If it wasn't for the great interest loan rate I would have gone thru my bank.
Best car loan rate around, and you can't beat that no matter how frustrating at times
Alot of paper work . Drawn out loan approval process between NRMA and credit union. lack of communication
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tim29
- 2 reviews
Good
If you are an NRMA member then they offer great rates and everyone we spoke to was helpful. I would recommend them.
Helpful staff, damn good rate (I mean damn good!)Let us borrow a considerable amount more than the value of the car.
A lot of paper work to get started, way more than any bank. In fact, we only rang to make an enquirey, but had to provide them with a heap of information to get an answer (in fact they never actually answered our question, but seeing as though we have a car loan with them you can assume we figured it out).
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Questions & Answers
Melanie W.asked
If I were to make extra payments to my loan throughout its duration, does that mean my weekly payments go down as I have less to pay off in the long term??
For example, a $15,000 loan - if I pay $5000 of that at one time will my weekly payments reduce so that I still pay it off over the 4 years??
Thanks
3 answers
Great question not sure, give them a ring
my n.MyNRMA
Hi Melanie, No, it is a fixed term loan therefore your repayments are set at a minimum rate over the duration of the loan.
If you pay extra, you have the opportunity to use some of the surplus as a way to make your repayments but that is something you must organise and be accountable for yourself. Cheers, Paul
Ok so basically the end amount remains the same even if I make additional payments. Thank you for answering!
Stephanie O.asked
HI. Just want to clarify once the loan is approved, are the funds deposited into my account or the person we are buying the vehicle off?
1 answer
Care TeamNRMA Insurance
Hi Stephanie. Thanks for your question. If your loan is from NRMA, it is most likely through The NRMA motoring and services organisation. They are different to NRMA Insurance in that they are a members based organisation that provide services and many things. However we just focus on Insurance. This link might help you www.mynrma.com.au/cars-and-driving/buying-a-car/car-loans ~ Jono
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my n.MyNRMA
Hello Andrew, We are sorry to hear there was an issue with your loan application and found the process to be quite frustrating too. That's never a good experience to hear from any customer. We'd real... Read more
ly like to ensure your concerns are looked into further. Please feel free to send through a PM ( by clicking on our logo) with your full name and contact details so we can get in touch? We hope to hear from you. - Paul