Simplify your budget with an RACQ Bank Debt Consolidation Loan
Sometimes life throws unavoidable expenses our way. An RACQ Bank Debt Consolidation Loan allows you to consolidate your debts and take advantage of no annual or monthly fees, flexible repayment options, and unlimited additional payments. Why? Because we want our members to get ahead.
Debt consolidation loan
New lending only. Comparison rate warning
interest rate
comparison rate
RACQ Bank Debt Consolidation Loan details
Want to know if RACQ Bank's unsecured debt consolidation loan is a good match for you? Check out the fees, terms and features of our debt consolidation loans.
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Fees
- $0 Annual and monthly fees
- $0 Additional repayment fee
- $0 Establishment Fee
- $120
Includes document generation and distribution, verification of documents and search requirements.
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Terms
- 5 year maximum term
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Limits
- $3,000 minimum personal loan amount
- $60,000 maximum personal loan amount
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Repayments
- Weekly, fortnightly, or monthly payments
- Unlimited additional repayments
While you’re here
Why choose an RACQ Bank Debt Consolidation Loan?
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RACQ members own RACQ BankOur profits are reinvested back into our members. -
We're locally staffedTalk to our team in Queensland when you call. -
We exist to make members lives betterWe’re committed to serving your best interests. -
You'll unlock membership benefitsYou can save on everyday purchases and luxuries.
Enjoy exciting member perks~~
Drive further for less with 4 cents off per litre on fuel at participating Caltex service stations#.
Save on everyday essentials with 4% off pre-purchased Woolworths Supermarket eGift Cards.
Movie night just got better- Save up to 40% on eVouchers for Event Cinemas and BCC Cinemas.
Dig into delicious discounts at more than 300 food and dining locations across Queensland.
Contact us
Need help or would like to know more? RACQ Bank offers many convenient ways for you to get in touch with us.
Debt consolidation loan FAQs
Things to note
Banking and loan products issued by Members Banking Group Limited ABN 83 087 651 054 AFSL/Australian credit licence 241195 trading as RACQ Bank. Terms, conditions, fees, charges and lending policies apply. This is general advice only and may not be right for you. 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, and consider if appropriate for you before deciding.
Except for RACQ Bank, any RACQ entity referred to on this page is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Cth). That entity’s obligations do not represent deposits or other liabilities of RACQ Bank. RACQ Bank does not guarantee or otherwise provide assurance in respect of the obligations of that entity, unless noted otherwise.
RACQ Bank subscribes to the Customer Owned Banking Code of Practice which establishes higher standards than the law requires. The Code reflects modern consumer expectations and developments in approaches to issues such as consumer vulnerability, guarantors, and supporting customers through financial hardship. Please read our Customer Owned Banking Code of Practice page for more information.
Interest rates on a per annum basis and are current as at 9 July 2026 and subject to change at any time.
Debt consolidation loan is available for new lending only.
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.
#Conditions apply. Offer available at participating Caltex service stations. Visit racq.com/caltex for details.
~~ Terms and conditions apply to all offers. View the individual offer for full details. Offer is subject to availability and may be withdrawn at any time without notice.