Steps to refinancing with RACQ Bank

Home is where the heart is, so let us make your refinancing journey simple and fast with these four easy steps.

We understand how important it is that your current home loan has the flexibility and benefits to match your lifestyle. With low fees and competitive interest rates across our suite of home loan products, we make it easy to switch to RACQ Bank.


Step 1

Review your Current Home Loan and Compare Rates

When it comes to refinancing, there are several reasons why you may have decided to make the switch. Perhaps your circumstances have changed or your current home loan is no longer delivering the right benefits to suit your lifestyle.

To make sure your new home loan is the right fit, ask yourself why you’re refinancing – are you looking for better rates, lower fees or something else entirely? Identifying the key benefits will ensure you put yourself in the best financial position and choose a home loan to suit your specific needs.

Once you know why you’re refinancing, it is time to check your borrowing power.

Step 2

Refinancing Home Loan Calculator

Your financial situation may have changed since you last took out a home loan, so it’s always a good idea to get an indication of your borrowing power.

Our easy Home Loan Calculator will give you a good idea of what your monthly repayments might be with RACQ Bank.

Step 3

Comparing our Home Loans

Once you have an idea of why you’re refinancing and the amount of money you are able to borrow, it’s time to find the loan to suit your needs.


Compare all home loans
Step 4

Applying for your new home loan

Congratulations! You’ve selected a new home loan. Now, you can start the application process.

Simply download our home loan application checklist and get in contact with one of our lending specialists by filling out our online enquiry form.

Once you’ve signed the loan contract, we'll take care of paying out the old loan for you.

Step 5

Getting the most out of your RACQ membership

When it comes to buying an investment property, we’re here to provide you with the same high level of service and help you’ve come to expect from us. Plus, you’ll also get access to the following advantages:

  • Great low rates and fees, with a range of loans to suit you
  • Dedicated lending specialists and access to mobile lenders
  • Member discounts on homewares and home services 
  • Queensland-based 24/7 call centres and dedicated branch network