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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

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Personal Loan Special

9.34% p.a. variable rate*

9.75% p.a. comparison rate*

New lending only. *Excludes debt consolidation loans

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.