Why choose an RACQ Bank Personal Loan?
At RACQ Bank we’ll give you more control of your money. With our flexible personal loan you’ll have the freedom to make as many repayments as you like so you can get back in the green. When it comes to getting more from your personal loan, trust RACQ Bank and reach your goals sooner.
- Simple online application
- No early pay-out fee
- Flexible payment options
- Unlimited additional repayments
- Competitive interest rate
- RACQ member discounts
Personal loan interest rates and fees
Our competitive interest rate means you can afford to pay your loan back faster. When you need extra for a wedding, holiday, renovations or something else – trust an RACQ Bank personal loan and get more out of your money.
12.95
% p.a
Variable Rate
13.25
% p.a
Comparison Rate
Fees and figures
Let’s work out the numbers.
Know exactly what you can borrow and what you’ll be paying back.
| Establishment fee |
$200 |
| Minimum term |
None |
| Maximum term |
5 years |
| Minimum loan amount |
$3,000 |
| Maximum loan amount |
$60,000 |
| Additional repayments |
Unlimited additional repayments with no penalty or fees |
| Repayment options |
Weekly, fortnightly or monthly |
How to apply for a personal loan
You can apply for an RACQ Bank Personal Loan online, anytime. It’s super easy, just fill in our application form. It takes approximately 10 minutes to complete and submit our form and once we receive it, we’ll kick-start the process for you.
- Complete our online application form.
- We’ll review your application and call you back within 1 business day. When we touch-base we’ll let you know what supporting documents we need.
- We’ll review everything you’ve provided and confirm if your application has been successful.
- If successful, we’ll provide some paperwork for you to complete and send back, then we’ll move the money into your bank account.
Apply now
How much will my repayments be?
Use our personal loan calculator to estimate your repayments now. You can see what you’ll pay based on your loan size and how long it’ll take to pay back.