RACQ Bank launches new low-rate variable home loan

Media

RACQ Bank has launched a new home loan for Queenslanders looking for a low-rate variable loan option.

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Media Release

RACQ Group Executive Banking Michelle Winzer said the new Fair Dinkum Home Loan is offered to both owner occupied and investment loans with competitive low variable rates starting from 3.64%* per annum. 

“We know people are feeling the pressure of increasing living costs but are still ambitious about reaching their property goals, whether they’re a first home buyer, investor or looking for a change,” Ms Winzer said.

“RACQ Bank is committed to helping members get ahead with great value banking products, without any hidden fees or charges.

“Our new home loan is suitable for both owner occupiers and investors, it has no establishment fees and has a highly competitive low interest rate.

Ms Winzer said the loan would be available to new home buyers and those looking to refinance their existing mortgage. 

“A split loan option is also available for members who want to take advantage of the features of this product and our other home loans,” she said.

“If you’re interested in one of our home loans you can apply online or call 13 1905 to speak to a lender.”

More information on the Fair Dinkum Home Loan can be found here.

 

Banking and loan products issued by Members Banking Group Limited ABN 83 087 651 054 AFSL/Australian credit licence 241195 trading as RACQ Bank. Terms, conditions, fees, charges and lending policies apply. This is general advice only and may not be right for you. This information does not take your personal objectives, circumstances or needs into account. Read the disclosure documents for your selected product or service, including the Financial Services Guide and the Terms and Conditions, and consider if appropriate for you before deciding.

Except for RACQ Bank, any RACQ entity referred to on this page is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Cth). That entity’s obligations do not represent deposits or other liabilities of RACQ Bank. RACQ Bank does not guarantee or otherwise provide assurance in respect of the obligations of that entity, unless noted otherwise.

Fair Dinkum Owner Occupied Home Loan and Fair Dinkum Investor Home Loan is available for new lending only. Existing members of RACQ Bank with a home loan can switch to the Fair Dinkum Owner Occupied Home Loan or Fair Dinkum Investor Home Loan with a minimum $20,000 in additional new lending.

*Comparison rate is based on a secured loan amount of $150,000 with monthly repayments over 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

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