Welcome to affordable, flexible home loans

At RACQ Bank, we want you to reach your property goals sooner. Whether you’re a first home buyer, investor, refinancing, or you’re looking for a change – were here to help you get the keys to the next stage of your life. With flexible repayment options, competitive home loan interest rates, low fees, and a bonus 15% off your Home and Contents Insurance*, our home loans are packed with benefits to give you more. When you’re ready to buy into a better life, choose RACQ Bank for a service you know and trust.

All RACQ Bank home loans feature zero monthly account keeping fees and an RACQ membership.

Owner-occupied home loans

RACQ Bank offers flexible features and competitive home loan interest rates to make buying a property to live in easier. Comparison rate warning.

Mortgage Saver

Variable rate loan with redraw

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    A straightforward home loan
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    No annual or monthly fees
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    Split loan option available
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    Available for new lending only
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    Up to 40-year loan term for first home buyers
Mortgage Saver Special
≤70% LVR
3.74% p.a.

Interest rate

3.74% p.a.

Comparison rate

Mortgage Breaker

Variable rate with redraw & offset

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    Good for buyers wanting flexibility
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    100% offset account available (principal and interest only, personal borrowers only)
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    Available for new lending only
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    Split loan option available
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    Up to 40-year loan term for first home buyers
Mortgage Breaker Special
≤70% LVR
3.94% p.a.

Interest rate

4.00% p.a.

Comparison rate

Fixed Rate Home Loan

Fixed rate loan

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    Security of fixed repayment amounts
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    1, 2, 3, and 5 year terms available
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    Loyalty discounts available^
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    Up to 40-year loan term for first home buyers
1 Year Fixed Rate ≤70% LVR
4.89% p.a.

Interest rate

4.45% p.a.

Comparison rate

Investor loans

Bring your portfolio to life with an investment property loan that gives you long-term value. Low interest rates and flexible features make managing your repayments a breeze. Comparison rate warning.

Mortgage Breaker Investor

Variable rate loan with offset account

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    Unlimited additional repayments
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    100% offset account available (principal and interest only, personal borrowers only)
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    Split loan option available
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    Available for new lending only
Mortgage Breaker Investor Special
≤70% LVR
4.14% p.a.

Interest rate

4.20% p.a.

Comparison rate

Fixed Rate Investor Loan

Fixed rate loan

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    Good for buyers wanting to lock in a low interest rate
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    Security of fixed repayment
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    1, 2, 3, and 5 year terms available
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    Split loan option available
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    Loyalty discount available^
1 Year Fixed Rate ≤70% LVR
5.09% p.a.

Interest rate

4.84% p.a.

Comparison rate

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Compare home loans

Every home buyer is different. Compare RACQ Bank home loan rates and features to find the right home loan for your lifestyle.
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Generate fact sheet

Discover key facts about RACQ Bank home loans including monthly repayment and total home loan cost estimates.

Why choose an RACQ Bank Home Loan?

RACQ can help your home run on the sun
Talk to us about using a green home loan for home solar today. Find more ways to embrace sustainability with RACQ.

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    Home loans approved in one week
    Get the ball rolling on your next purchase.
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    Expect friendly, local customer service
    RACQ stores and call centres are Queensland-based.
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    We believe in upfront, transparent pricing
    You won’t get stung by hidden fees or charges.
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    Get even more value as an RACQ member
    You'll gain access to dozens of exclusive member discounts.

Your RACQ Bank Home Loan comes with RACQ membership~~

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Make room in your renovation budget
Enjoy 10% off RRP at Andersens and Wattyl Paint Centres.
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Scoop up great value moving deals
Head to Store Local for 10% off storage and 15% off packaging.
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Save at the checkout
Enjoy 4% off Woolworths eGift cards.
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Feel good giving back to Queensland communities
Your membership supports the RACQ Foundation’s natural disaster relief grants.

Home 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.

Comparison rate is based on a secured loan amount of $150,000 with monthly repayments over 25 years. 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.

Insurance products (excluding Travel Insurance and the Life and Income Protection Insurance suite of products) are issued by RACQ Insurance Limited ABN 50 009 704 152 (RACQ). Conditions, limits and exclusions 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 PDS and any applicable Supplementary PDS before making a purchase decision on this product. You can also access our Target Market Determinations on this website.

Rates current as at 16 August 2022 and subject to change at any time.

For fixed rate home loans, after fixed rate term, the interest rate reverts to the applicable variable rate. Refer to the Loan Rate Schedule for further information. The applicable LVR is the LVR at the time of the customer’s application for the fixed rate.

^ Additional 0.10% p.a. discount off fixed interest rates is available for Silver and Gold members only. Offer is available until further notice.

Mortgage Saver Special is available to new RACQ Bank home loan customers only. Existing RACQ Bank home loan customers can switch to Mortgage Saver Special with a minimum $20,000 in additional lending.

Mortgage Breaker Special/Mortgage Breaker Investor Special is available for new lending only. Customers with an existing home loan can switch to Mortgage Breaker Special/Mortgage Breaker Investor Special with a minimum $20,000 in additional new lending.

** Available with existing, refinanced and new RACQ Bank home loans. Conditions apply.

* Home Bundle Terms and Conditions

  1. Subject to the further terms and conditions below, the Home Bundle gives eligible RACQ Bank customers a 15% discount off combined Home and Contents Insurance, Home Building Insurance or Contents Insurance for the life of any eligible home loan.
  2. The 15% discount on Home and Contents Insurance, Home Building Insurance or Contents Insurance available under the Home Bundle offer will only be applicable for insurance that is to cover the asset which is subject of the eligible home loan taken out under this offer only.
  3. Subsequent to the initial policy being taken out, if the member makes any policy changes which require an additional premium, that premium will need to be paid by the member.
  4. The Home Bundle promotional offer is valid for new RACQ Bank home loan customers only. Offer is available until further notice, subject to change without notice and may be withdrawn at any time. Acceptance of the offer is optional.
  5. Valid for Investment or Owner Occupier, residentially secured home lending products only. Not available for businesses or companies. Lending terms, conditions, fees, charges and lending criteria apply. View our Loan rate schedule and fee schedule for a full list of RACQ Bank’s home loan rates, fees and charges.
  6. Please refer to the Things to note section for information on RACQ Bank Home Loans which are eligible for the Home Bundle promotional offer.
  7. The Home Bundle offer is not available to RACQ staff members.
  8. For refinanced home loans from other banks, Home and Contents Insurance policies will be created at or after loan is unconditionally approved.
  9. For property purchases, policies are to be created once purchase contract is signed or at loan submission, however Home Loan plus Home and Contents Insurance discounts are conditional on the home loan funding within 90 days of the date of the submitted application.
  10. Policyholders who already hold at least one insurance policy issued by RACQ Insurance Limited, may be eligible for a range of discounts, for the full breakdown of discounts please visit racq.com. After the deduction of any available discounts, a further discount of 15% will be deducted to calculate the final premium. The calculated premium may then have additional taxes and charges applied. The Home Plus 15% discount offer is not available in conjunction with the online application discount of $75 for Home and Contents Insurance.
  11. Insurance products (excluding Travel Insurance and the Life and Income Protection Insurance suite of products) are issued by RACQ Insurance Limited ABN 50 009 704 152 (RACQ). Conditions, limits and exclusions 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 PDS, and any applicable Supplementary PDS before making a purchase decision on this product. You can also access our Target Market Determinations on this website.
  12. Refer to the Things to note section of this page for RACQ Bank Home Loan disclaimers including the comparison rate warning.

~~ 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.