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At RACQ Bank we want you to reach your property goals sooner. Whether you’re a first home buyer, investor or you’re looking for a change – we’ve got home loans to suit your lifestyle. With flexible repayment options, competitive interest rates and low fees; our home loans are packed with benefits made to give you more. When you’re financing your next home choose RACQ Bank for a service you know and trust.

All RACQ Bank home loans feature zero monthly fees and an RACQ membership.

Owner Occupied

Mortgage Saver

Variable rate loan with redraw
  • Good for first home buyers
  • No annual or monthly fees
  • Available for new lending only
Mortgage Saver Special
3.04% p.a
Interest rate
3.04% p.a
Comparison rate

Mortgage Breaker

Variable rate with redraw & offset
  • 100% offset account available, principal & interest only
  • Good for refinancing and renovating
  • Available for new lending only
Mortgage Breaker Special
3.24% p.a
Interest rate
3.28% p.a
Comparison rate

Fixed Rate

Fixed rate loan
  • Good for first home buyers
  • Security of fixed repayment amounts
  • 1, 2, 3 and 5 year terms available
3 year fixed - Choices
2.80% p.a
Interest rate
4.16% p.a
Comparison rate

Investor

Mortgage Breaker

Variable rate loan with offset
  • 100% offset account available, principal & interest only
  • Available for new lending only
  • Unlimited additional repayments
Mortgage Breaker Special
3.34% p.a
Interest rate
3.38% p.a
Comparison rate

Fixed Rate

Fixed rate loan
  • Security of fixed repayment amounts
  • 1, 2, 3 and 5 year terms available
  • Additional repayments available, up to $10,000 p.a.
3 year fixed - Choices
3.00% p.a
Interest rate
4.54% p.a
Comparison rate

Calculators

Calculate your repayments, estimate how much you can borrow and learn about the costs of buying and selling a home with the help of our calculators.

Why trust RACQ Bank with your home loan?

Access RACQ Member Benefits

Access RACQ member benefits

Our benefits have been chosen to reward you and reflect your needs, passions and priorities.
Home and Contents Insurance Discounts

15% off Home and Contents insurance

We’ve packed trusted RACQ services into one home bundle and we’re passing the savings directly onto you.
Welcome to a bank with a difference

Welcome to a bank with a difference

We put people before profit, which means we always put our members’ needs first. It’s what makes us different.
More helping hands

More helping hands

The RACQ Foundation gives back to those who need it most.

Loans are issued by Members Banking Group Limited ABN 83 087 651 054 AFSL and Australian credit licence 241195 trading as RACQ Bank. 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 Terms and Conditions, 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.

Terms, conditions, fees, charges and normal lending criteria apply. Fixed rate offer is effective as of 8 October 2019 and is available under the Choices package. After fixed rate term, the interest rate reverts to the applicable variable rate.

Mortgage Saver Special rate is effective from 8 October 2019. Available to new RACQ Bank home loan customers only. Existing RACQ Bank home loan customers can switch to Mortgage Saver Special with a minimum $20,000 in additional lending.

Mortgage Breaker Special/Mortgage Breaker Investor Special is available for home loan applications received between 8 October 2019 and 31 December 2019 and funded prior to 31 March 2020 and is for new lending only. Customers with an existing home loan can switch to Mortgage Breaker Special/Mortgage Breaker Investor Special with a minimum $20,000 in additional new lending.

Choices package available on eligible variable rate and fixed rate products only. Rate current as at 8 October 2019. Refer to terms and conditions and eligibility criteria set out in Choices Package application form.

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.

Insurance products are issued by RACQ Insurance Limited ABN 50 009 704 152 (RACQ). Conditions, limits and exclusions apply. Please read the PDS before making a purchase decision on this product. Any general advice relating to this product at racq.com is provided by RACQ.

Variable interest rates current as at 8 October 2019 and subject to change at any time.