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Explore our home loans

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.

Fixed Rate

Lock in your repayments and have the freedom to plan your budget with confidence.

2 year fixed - Choices 3.72 % p.a Owner occupied
4.80 % p.a Comparison rate
View key features
  • Security of fixed repayment amounts
  • Additional repayments available, up to $10,000 p.a.
  • 1,2,3 and 5 year terms available

Mortgage Saver Special

Enjoy our low rate variable home loan and save with no establishment or ongoing fees.

Mortgage Saver Special 3.62 % p.a Owner occupied
3.62 % p.a Comparison rate
View key features
  • Available for new lending only
  • Flexibility of a split loan option
  • No annual or monthly account keeping fees
  • Unlimited additional repayments

Mortgage Breaker

Our full-feature variable loan lets you manage your money so you can pay your mortgage back faster.

1 year intro 3.72 % p.a Owner Occupied
4.91 % p.a Comparison rate
View key features
  • 100% offset facility
  • Access to 3-month repayment pauses
  • Flexibility of a split loan option
  • Unlimited additional repayments

Packages

Bundle things up and save on your home loan and across RACQ products and services.

Mortgage Breaker variable - Choices 4.09 % p.a Owner Occupied
4.47 % p.a Comparison rate
View key features
  • Discounted interest rates
  • Flexibility of a split loan option
  • No annual fee on an RACQ Platinum Rewards Credit Card

Fixed Rate

Lock in your repayments and have the freedom to plan your budget with confidence.

2 year fixed - Choices 4.05 % p.a Investor
5.23 % p.a Comparison rate
View key features
  • Security of fixed repayment amounts
  • Additional repayments available, up to $10,000 p.a.
  • 1,2,3 and 5 year terms available

Mortgage Breaker

Our full-feature variable loan lets you manage your money so you can pay your mortgage back faster.

1 year intro 4.12 % p.a Investor
5.36 % p.a Comparison Rate
View key features
  • 100% offset facility
  • Access to 3-month repayment pauses
  • Flexibility of a split loan option
  • Unlimited additional repayments

Packages

Bundle things up and save on your home loan and across RACQ products and services.

Mortgage Breaker variable - Choices 4.55 % p.a Investor
4.92 % p.a Comparison rate
View key features
  • Discounted interest rates
  • Flexibility of a split loan option
  • No annual fee on an RACQ Platinum Rewards Credit Card
3.62% interest and comparison rate

Mortgage Saver Special Home Loan

A straight-up home loan that offers a competitive variable rate and comes with the RACQ service you know and trust. 

  • No establishment fee
  • No ongoing fees
  • Unlimited additional repayments
  • Split loan option available
  • Free redraw

Owner occupiers, principal and interest only, up to 95% LVR with LMI, new lending only.

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Home loan calculator

Buying a new home? Use our online calculators to find out your borrowing power. Get an estimate on how much you can borrow and what your home loan repayments will be, all in under 60 seconds.

How to apply for a home loan

We’ve made the home loan process super easy. When you apply for a mortgage with RACQ Bank you’ll get the help of our dedicated lending specialists from start to finish.

1. Complete our online application form. This isn’t a full application but it’ll save you time and give our lending specialists all the information they need for now.

2. Download the home loan application checklist (41KB). We’ll review the information you’ve provided and one of our lending specialists will get in touch.

3. We’ll chat with you about which home loans are right for you, plus we’ll discuss your borrowing power and financial position.

4. We’ll do some work our end and let you know what your best options are for a loan with RACQ Bank.

Read about the home loan process so you’re prepared for what comes next.

Ready to start the process?

Enquire now

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Why trust an RACQ Bank home loan?

Contact us

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More about buying a home

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 25 September 2017 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.

1 Year Intro Rate home loan available on new lending from 25 September 2017 until further notice. 1 Year Intro Rate is the variable interest rate for the Mortgage Breaker Home Loan reduced by 1.27%pa for owner occupiers and 1.33%pa for investors for the first 12 months, minimum $125,000. Interest rate then reverts to applicable variable rate.

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. The comparison rates shown for the Mortgage Breaker - Choices Package and Fixed Rate Home Loan are under the Choices package for owner occupiers. The comparison rate may change for other amounts. Other interest rates and comparison rates apply for property investment.

Mortgage Saver Special is available for home loan applications received from 5 April 2018 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.

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.

 

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.

Calculator by Widget Works.

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) 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 before making a decision.