Why consolidate my debts with RACQ?
A good level of debt can be a good thing to help you get on
in life. It can help you achieve great goals like home ownership, taking that
life-changing trip, improving the value of your home, and getting that
However, it’s easy to end up with multiple debts with
multiple providers. This can make it hard to track and manage repayments and
different interest rates, and it can start to feel overwhelming.
Debt consolidation can be a great way to combine your
outstanding debt into one easy to manage loan with a competitive interest rate.
Plus, RACQ’s internet and mobile banking facilities, provide multiple ways to
track your progress with repayments in one convenient location. Not only that,
but with a single loan you can save money either by paying less interest or
less fees (or both!).
Is a consolidation loan right for me?
To work out whether taking out a loan to consolidate
your debts is the right move, take the following steps.
- Gather information
Get all the
details about your different debts together to understand just how much you
have, what the interest rates are, and what fees you’re paying.
what you can afford to pay off each month – use our budget
planner to help
you figure this out.
back on track
Make things easier with a single personal loan with RACQ. Use
our simple online application process, which takes about 10 minutes, or speak
one-on-one with one of our Queensland-based lending specialists.
A personal loan from RACQ Bank offers a
range of benefits
great rate and low fees to help you manage your new repayment plan
discounts on establishment fees for members
restrictions on repayments so you can pay off the loan sooner
to great savings and discounts on entertainment, travel, homewares, automotive
$200 establishment fee
|Minimum loan amount
|Maximum loan amount
||Unlimited with no penalty or fee
||Monthly, fortnightly or weekly
Work out the numbers
Use our Personal Loan calculator to get an estimate of your potential loan repayments.
- Complete the online application form. This should take about 10 minutes.
- We’ll review the application and
call you back within 1 business day to let you know what supporting documents
- We will then confirm if your
application has been successful.
- If successful, funds will be moved
into your account to consolidate your debts.