Why choose an RACQ Bank renovation loan?

Turn your home into the one you’ve always wanted. An RACQ Bank renovation loan can provide the much needed and immediate funds to improve your home. With flexible repayment options, your choice of loan term and our competitive interest rates, you can benefit with a renovated home and a loan you can afford.

  • No early exit fees
  • Choice of loan term to suit your budget
  • Simple online application
  • Competitive interest rate
  • Low ongoing fees
  • RACQ member benefits and discounts

Renovation Loan Special 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.

Interest rates & fees

9.54 % p.a Variable Rate
9.83 % p.a Comparison Rate
Fees $200 Establishment fee
Minimum term
0 years
Maximum term 5 years
Minimum loan amount $3,000
Maximum loan amount $60,000
Additional repayments Unlimited with no penalty or fee

An RACQ personal loan for home improvement also comes with access to:

  • 15% discount at Andersen’s Floor and Window Coverings
  • 20% discount at Davcon Security Screens
  • 20% off home tinting with RACQ Auto Glass
  • Apply for the loan – once you’ve worked out the best loan for you, apply usually by starting the application process online and then talking to a lending specialist.
  • Sign the contract – from this point, the new home loan is used to pay off the old one.
Plus, hundreds of discounts on entertainment, dining, travel and more.