Home loans

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 available on new lending from 10 July 2019 until further notice and is available under the Choices package. Offer applies to new lending to RACQ Bank only and is not available for the refinance or restructure of existing RACQ Bank loans. After fixed rate term, the interest rate reverts to the applicable variable rate.

Mortgage Saver Special is available for home loan applications received from 10 July 2019 and is for new lending only. Customers with an existing home loan can switch to Mortgage Saver Special with a minimum $20,000 in additional new lending.

Mortgage Breaker Special/Mortgage Breaker Investor Special is available for home loan applications received between 10 July 2019 and 30 September 2019 and funded prior to 31 December 2019 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.

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 10 July and subject to change at any time.

RACQ Bank acts under its own Australian Financial Services Licence and under an agreement with the insurer, Insurance Australia Limited ABN 11 000 016 722 AFSL 227681 trading as CGU. This is general advice and does not take into account your objectives, financial situation or needs (your “personal circumstances”). You can get a Product Disclosure Statement (PDS) and any relevant SPDS for any of these products from any office of RACQ Bank or CGU. Before acting on this information, consider whether it is right for you. You should read the relevant PDS and any relevant SPDS before making a decision.

The Home Loan Repayments and Borrowing Power calculators are a model, not a prediction. Amounts and repayment periods are estimates only, and actual amounts may be higher or lower. The calculations do not take into account specific fees and charges that may be applicable to your loan, such as establishment fees, Lenders Mortgage Insurance, which, if applicable, may add to the cost of your loan and repayments. Results are based on information you have provided and do not take your personal circumstances into account. This calculator is not intended to be your sole source of information when making a financial decision. You may wish to consider obtaining advice form a suitably qualified financial professional.

Using this calculator does not guarantee you will be eligible for a loan. You will need to satisfy our lending criteria.

Selection of a product name is to enable pre-population of certain fields. If you amend the rate, the comparison rate no longer applies. The comparison rate is on a secured loan amount of $150,000 with monthly repayments over 25 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

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