Make sustainability personal with an RACQ Bank Green Personal Loan
Improving your home’s energy efficiency is one of the easiest ways to lower your power bills. The RACQ Bank Green Personal Loan is designed to help Queenslander’s transition to affordable, sustainable living. You can use it to buy solar panels, a battery pack, an electric vehicle charging station, solar hot water, a heat pump, or an electric bike or scooter.
- No upfront fees
- Unlimited additional payments
- Borrow up to $60,000
- RACQ membership benefits
Compare RACQ Bank Green Loans
| Green Personal Loan | Green Home Loan |
|---|
| Interest rates | ||
|---|---|---|
| Interest rate | 5.99% | 0.79% |
|
Comparison rate |
5.99% | 0.79% |
| Fees | ||
|---|---|---|
| Establishment fee | $0 | $0 |
|
Annual and monthly fees |
$0 | $0 |
|
Additional repayment fees |
$0 | $0 |
|
Document preparation fees |
$0 | $0 |
| Terms | ||
|---|---|---|
| Only available with an RACQ Bank home loan | No | Yes – Refinance, apply for a new home loan, or add a Green Home Loan to your existing RACQ Bank Home Loan |
| Limits | ||
|---|---|---|
| Minimum loan amount | $3,000 |
$3,000 |
|
Maximum loan amount |
$60,000 | $50,000 |
| Repayments | ||
|---|---|---|
| Weekly, fortnightly, or monthly repayments |  |
|
|
Unlimited additional repayments |
|
|
| Apply | Learn more | |
How to apply for your RACQ Bank Green Personal Loan
-
Fill in our online application form. -
Get a quote for the green improvement or product. -
Send us your quote and we’ll complete your application. -
Once your application is approved, send us the supplier invoice (this must show a confirmed start or delivery date). -
We’ll transfer the loan amount into your nominated bank account. -
Once works are completed or the item is delivered, simply pay the invoice using your settlement funds. -
Enjoy greener living!
Why choose an RACQ Bank Green Personal Loan?
-
Expect local customer serviceOur stores and call centres are based in Queensland. -
RACQ Bank is owned by RACQ MembersWe exist to make a positive difference in our members’ lives. -
No hidden fees or chargesWe believe in upfront, transparent pricing. -
We want Queensland to go greenWe’re finding ways to make sustainable homes and cars more affordable.
Enjoy RACQ member benefits~~
Contact us
Need help or would like to know more? RACQ offers many convenient ways for you to get in touch with us.
Green Personal 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.
Rate available for new applications between 19 June 2022 to 28 July 2022. Interest rate will change for new applications to 6.99%, comparison rate 6.99% effective 29 July 2022. Rates subject to change at any time.
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.
The Green Personal Loan is available for new lending only to purchase eligible items. Conditions apply.
Green Home Loan available with existing, refinanced and new RACQ Bank home loans. Conditions apply.
~~ 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.
#Conditions apply. Offer available at participating Puma Energy petrol stations. Visit racq.com/puma for details.
RACQ owns a majority interest in GEM Energy Australia. All goods and services are provided by GEM Energy Australia Pty Ltd (ABN: 25 164 579 382), Electrical Contractor Licence 78701) (GEM Energy). Offers and discounts may change at any time without notice
†Discount not valid with any other offer or discount. Complimentary Solar Health Check available until 30th June 2022 for installations completed by 31st Dec 2022 in Brisbane, Gold Coast and Sunshine Coast metropolitan areas. Health Check is redeemable within 6 to 18 months from installation. Complimentary for systems up to 24 panels, $4 per panel above 24. A coupon code will be provided to the member to use at checkout. Standard GEM Energy Health Check T&Cs apply https://gemenergy.com.au/solar-health-check/. RACQ membership number must be provided to GEM Energy Australia Pty Ltd at the time of requesting your quote. The RACQ member must be an owner or occupier of the relevant property. Not applicable for properties over two storeys or eight metres high. GEM Energy Australia Pty Ltd may vary or discontinue this discount at any time and without notice.