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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 plan your budget with confidence.

3 year fixed - Choices 2.80 % p.a Owner occupied
4.27 % 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 a low variable interest rate with no establishment or ongoing fees.

Mortgage Saver Special 3.19 % p.a Owner occupied
3.19 % 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 Special

Enjoy a variable interest rate and pay off your loan faster.

3.39 % p.a Variable rate
3.43 % p.a Comparison rate
View key features
  • Available for new lending only
  • 100% offset facility
  • Flexibility of a split loan option
  • Unlimited additional repayments

Fixed Rate

Lock in your repayments and plan your budget with confidence.

3 year fixed - Choices 3.00 % p.a Investor
4.65 % 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 Special

Enjoy a variable interest rate and pay off your loan faster.

3.49 % p.a Variable rate

3.53 % p.a Comparison rate
View key features
  • Available for new lending only
  • 100% offset facility
  • Flexibility of a split loan option
  • Unlimited additional repayments
3.19% home loan interest 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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How to apply for a home loan

We’ve made the home loan process super easy. In just 4 simple steps you can have your application underway. Complete our online enquiry form and one of our dedicated lending specialists will get in touch and help you from start to finish.

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

2. Download the home loan application checklist (41KB) so you can be prepared with the documents you'll need to provide when we catch up.

3. We’ll chat to you about which home loans are right for you. Plus, we’ll discuss your borrowing power and financial position so you can buy with confidence.

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

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Why trust an RACQ Bank Home Loan?

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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 is effective as of 23 August 2019 and is available under the Choices package. 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 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 23 August 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 10 July and subject to change at any time.

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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