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
- Unsecured loan
- Unlimited additional payments
- Borrow up to $60,000
Clean energy products must be purchased from a New Energy Tech approved seller. The installer must be accredited with Solar Accreditation Australia. Electric bikes and scooters must be compliant with Queensland Transport electric bicycle rules.
Compare RACQ Bank Green Loans
| Green Personal Loan^ | Green Home Loan* |
|---|
| Interest rates | ||
|---|---|---|
| Interest rate | 6.99% variable rate | 2.79% variable rate |
|
Comparison rate |
6.99% variable rate | 2.79% variable rate |
| 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 |
|
|
| Get started | Get started | |
Run the numbers with the RACQ Bank Green Personal Loan calculator
How to apply for your RACQ Bank Green Personal Loan
-
Fill in our online enquiry 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 RACQ Bank account. -
Once works are completed or the item is delivered, simply pay the invoice using your settlement funds. -
Embrace a more sustainable lifestyle!
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 embrace sustainabilityWe’re finding ways to make sustainable homes and cars more affordable.
Enjoy RACQ member benefits~~
Movie night just got better- Save up to 40% on eVouchers for Event Cinemas and BCC Cinemas.
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.
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.
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.
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 3 June 2025 and subject to change at any time.
Green Personal Loan
^The Green Personal Loan is available for new lending only to purchase eligible items. Conditions apply.
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.
Green Home Loan
*Green Home Loan available with existing, refinanced and new RACQ Bank home loans. Conditions apply.
Comparison rate calculated on a secured 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.
~~ 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 Caltex service stations. Visit racq.com/caltex 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