Live chat Online Chat now

Here’s why you should choose an RACQ Bank Personal Loan

RACQ Bank wants to give you more freedom when it comes to your personal finances. It doesn’t matter if it’s a wedding, holiday or even a boat, when it comes to getting more from your personal loan, trust RACQ Bank and reach your goals sooner. Plus, when you take out a personal loan with us you’ll become an RACQ member giving you access to our entire range of member benefits. 

Our competitive personal loan will provide you with:

  • No early pay-out fees
  • Unlimited additional payments
  • Available for new lending only
  • Flexible repayment options

Apply now

Personal Loan Special

9.34% p.a. variable rate*

9.75% p.a. comparison rate*

New lending only. *Excludes debt consolidation loans

Personal loan details

Fees, terms and features included for unsecured personal loans (excludes debt consolidation).

Learn more about personal loans with our personal loan FAQs.

Fees

  • Establishment fee: $200
  • Annual and monthly fees: $0
  • Additional repayment fee: $0
  • Document preparation fee: $82.50
  • For a full list of fees and charges refer to the Loan Fee Schedule

Terms

  • Maximum term: 5 years

Limits

  • Minimum personal loan amount: $3,000
  • Maximum personal loan amount: $60,000

Repayments

We offer flexible personal loan options, including:

  • Weekly, fortnightly or monthly
  • Unlimited additional repayments

Useful links

Calculator
Personal loan repayment calculator
Debt consolidation loan
Car loan

How the application process works

Apply now

Complete our online application form

You can apply for an RACQ Bank Personal Loan online, anytime. It takes approximately 15 minutes to complete and submit our form. Once we receive it, we'll kick-start the process for you.

We'll call you back

We'll review your application and call you back as soon as possible. When we touch-base we'll let you know what supporting documents we need.

Final review

We'll review everything you've provided and confirm if your application has been successful.

Loan approved

If successful, we'll provide some paperwork for you to complete and send back, then we'll move the money into your bank account.

Contact Us

RACQ Bank offers many convenient ways for you to begin the car loan enquiry process with us.

Start the process with our online application form

We’ll review your application and call you back as soon as possible. Applying online is super easy and it only takes 15 minutes to complete and submit our form.

Talk to us face-to-face at a branch

Visit us at one of our Queensland branch locations.

Speak to a lending specialist over the phone

Call us at 13 1905 or complete our online enquiry form to receive a call back.

Why choose an RACQ Bank Personal Loan?

member-icon

Access RACQ member benefits

Our member benefits benefits have been carefully selected to reward you and reflect your individual needs, passions and priorities.

Welcome to a bank with a difference

RACQ Bank is owned by members, not shareholders. That means we put our members and the Queensland community before profits.

care-icon

More helping hands

The RACQ Foundation gives back to those who need it most.

Personal loan FAQs

A comparison rate is an interest rate that indicates the true cost of a loan. This rate incorporates certain fees and charges that are applicable for the chosen product, and also takes into account what the interest rate will be after any introductory periods are finished.

RACQ Bank Car Loans are designed specifically for buying a new or used car, boat, caravan or jet ski to name a few. These have a very attractive interest rate, which is enabled by us taking security over the item being purchased. 

RACQ Bank Personal Loans are designed for a wide range of purposes; a holiday, a wedding or debt consolidation, with no security requirement.

RACQ Bank makes it easy to manage your debt by consolidating your debt into one, easy to manage loan. We offer competitive rates on our debt consolidation loan help you pay it off sooner.
Yes, you are entitled to pay more than the minimum repayment amount, increase the frequency of your repayments or pay out your loan early without penalty. 
More Banking FAQs

Banking products and 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 Financial Services Guide and the Terms and Conditions, before deciding.

Rates current as at 17 November 2020 and subject to change at any time.

The Personal Loan Special is available for new lending only. Personal Loan Special not available for loan applications made for debt consolidation purposes.

Comparison rate calculated on an unsecured loan amount of $30,000 over 5 years based on monthly repayments. 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.

Can't find what you're looking for on RACQ Bank?

RACQ Bank

BSB: 514 179

13 1905 24 hours every day

Close