Compare home loans

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.

Interest rates on a per annum basis and are current as at 1 October 2024 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.

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.

Fair Dinkum Owner Occupied Home Loan, Fair Dinkum Investment Home Loan, Mortgage Saver Special, Mortgage Breaker Special and Mortgage Breaker Investment Special is available for new lending only.

Members of RACQ with an existing home loan can switch to an owner occupied or investment home loan with a minimum $20,000 in additional lending.

Insurance products (excluding Travel Insurance) 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.

**For a limited time, Establishment Fees and Mortgage Top Up Fees (as defined in the Loan fees schedule) payable on eligible Owner Occupied and Residential Investment lending products will be waived, subject to the following terms and conditions:

1. The applicant/s must apply for a new home loan with RACQ Bank between 1 August 2024 and 31 October 2024. The home loan must have conditional approval by 5:00pm 31 October 2024 and funded no later than 29 January 2025.
2. This offer is available on all current Home Loan and Home Loan Overdrafts (Owner Occupied and Residential Investment) products that have an Establishment Fee or Mortgage Top Up Fee. This offer does not apply to Fair Dinkum Home Loan products as these products are not subject to Establishment or Mortgage Top Up Fees.
3. Tax consequences may arise from this promotion for investors and members should seek independent advice on any taxation matters.
4. Fee waiver applies to Establishment Fees and Mortgage Top Up Fees only. Other fees, including Valuation Fees, will be payable where applicable. Refer to the Loan fees schedule available on the RACQ website for full details.

Terms, conditions, fees, charges, and normal lending criteria apply. Refer to racq.com/home/home-loans for additional information.

* 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 directors, officers, management, employees and other staff (and the immediate families of directors, officers, management, employees and other staff).
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 Bundle 15% discount offer is not available in conjunction with the online application discount for combined Home and Contents Insurance, Home Building Insurance or Contents Insurance.
11. Insurance products (excluding Travel Insurance) 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.