Why consolidate my debts with RACQ Bank?

A smart level of debt can be a good thing to help you get the most out of your life in Queensland. Debt can help you achieve goals like owning a home, taking a life-changing holiday, improving the value of your home and even getting a new car.

Sometimes debt can sneak up on us though and if you hold loans with multiple providers you could be getting slugged additional penalty rates and fees. That’s where we come in. At RACQ Bank we want to help you achieve your goals in the best way possible, without you getting overwhelmed. We can consolidate your debt into one, easy to manage loan. You’ll benefit with a competitive interest rate, low fees, plus you’ll only have one account to manage – making it that little bit easier to get back in the green.

Debt Consolidation Loan interest rates and fees

12.70 % p.a. Variable Rate
13.00 % p.a. Comparison Rate
Fees $200 establishment fee
Maximum term 5 years
Minimum loan amount $3,000
Maximum loan amount $60,000
Additional repayments Unlimited with no penalty or fee
Repayment options Monthly, fortnightly or weekly 

Apply for your debt consolidation loan

You can apply for a debt consolidation loan online, anytime. In just 4 simple steps you can have your application underway.

  1. Complete our online application form.
  2. 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.
  3. We’ll review everything you’ve provided and confirm if your application has been successful.
  4. 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