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At RACQ Bank we want you to reach your property goals sooner. Whether you’re a first home buyer, investor, refinancing or you’re looking for a change – we’ve got home loans to suit your lifestyle. With flexible repayment options, competitive interest rates, low fees and a bonus 15% off your Home and Contents Insurance*; 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
  • Split loan option available
Mortgage Saver Special
2.75% p.a.
Interest rate
2.77% 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
  • Split loan option available
Mortgage Breaker Special
2.95% p.a.
Interest rate
3.01% 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
  • Split loan option available
3 year fixed - Choices
2.29% p.a.
Interest rate
3.93% p.a.
Comparison rate

Get a bonus 15% off your Home and Contents Insurance for the life of your home loan.*

Investor

Mortgage Breaker

Variable rate loan with offset
  • 100% offset account available, principal & interest only
  • Available for new lending only
  • Unlimited additional repayments
  • Split loan option available
Mortgage Breaker Special
3.09% p.a.
Interest rate
3.15% 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.
  • Split loan option available
3 year fixed - Choices
2.49% p.a.
Interest rate
4.31% p.a.
Comparison rate
 

Know you're covered when the unexpected happens with Life and Income Insurance

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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 31 July 2020, subject to change 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 31 July 2020. 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 31 July 2020 and 31 December 2020 and funded prior to 31 March 2021 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 31 July 2020 and subject to change. 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 and any relevant SPDS 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 31 July 2020 and subject to change at any time.

The Life and Income Protection Insurance suite of products described on this website is distributed by RACQ Operations Pty Ltd ABN 80 009 663 414, Authorised Representative Number 234978 (RACQO), an authorised representative of AIA Financial Services Limited ABN 68 008 540 252, AFSL 231109 (AIAFS) and is issued by AIA Australia Limited ABN 79 004 837 861, AFSL 230043 (AIAA). RACQO is a distributor only; it does not sell, issue or guarantee these products. AIAFS and other authorised representatives of AIAFS are also involved in distributing these products. Descriptions of product benefits and features are a summary only. You should consider factors like your objectives, financial situation and needs and read the relevant Product Disclosure Statement (PDS) available on this website before deciding to acquire or continuing to hold any of these products. The information on this website is general and does not take such factors into account so you should consider its appropriateness in the context of such factors. Cover is subject to terms, conditions, limitations and exclusions. AIA Australia has adopted the Life Insurance Code of Practice, which contains minimum standards of service that customers can expect from insurers. The Code can be found at www.fsc.org.au.

  1. Subject to the further terms and conditions below, the Home Bundle gives eligible RACQ Bank customers a 15% discount off combined Home and Contents Insurance, Home Building Insurance or Contents Insurance for the life of any eligible home loan.
  2. Subsequent to the initial policy being taken out, if the member makes any policy changes which require an additional premium, that premium will need to be paid by the member.
  3. The Home Bundle promotional offer is valid for new RACQ Bank home loan customers only. Home Loans must be approved by 5:00pm 30 June 2021 and funded within 90 days of approval. Offer is subject to change without notice and may be withdrawn at any time. Acceptance of the offer is optional.
  4. Valid for Owner Occupier, residentially secured home lending products only. Not available for businesses or companies. Lending terms, conditions, fees, charges and lending criteria apply. View our Loan rate schedule and fee schedule for a full list of RACQ Bank’s home loan rates, fees and charges.
  5. Please refer to the Important Information section for information on RACQ Bank Home Loans which are eligible for the Home Bundle promotional offer.
  6. The Home Bundle offer is not available to RACQ staff members.
  7. For refinanced home loans from other banks, Home and Contents Insurance policies will be created at or after loan is unconditionally approved.
  8. For property purchases, policies are to be created once purchase contract is signed or at loan submission, however Home Loan plus Home and Contents Insurance discounts are conditional on the home loan funding within 90 days of the date of the submitted application.
  9. Policyholders who already hold at least one insurance policy issued by RACQ Insurance Limited, may be eligible for a range of discounts, for the full breakdown of discounts please visit racq.com. After the deduction of any available discounts, a further discount of 15% will be deducted to calculate the final premium. The calculated premium may then have additional taxes and charges applied. The Home Plus 15% discount offer is not available in conjunction with the online application discount of $75 for Home and Contents Insurance.
  10. Insurance products issued by RACQ Insurance Limited ABN 50 009 704 152. Conditions, limits and exclusions apply. Read the PDS and any relevant SPDS before making a purchase decision. Contact us for a copy.
  11. Refer to Important Information section of this page for RACQ Bank Home Loan disclaimers including the comparison rate warning.