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 from 1 April 2020 until further notice 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 11 March 2020 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 11 March 2020 and 30 June 2020 and funded prior to 30 September 2020 and is for new lending only. Existing RACQ bank home loan customers can switch to Mortgage Breaker Special/Mortgage Breaker Investor Special with a minimum $20,000 in additional 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 11 March 2020 and subject to change at any time.