Compare RACQ Bank Home Loans

At RACQ Bank, we want to give you the tools to get the most out of life in Queensland. That's why we offer a range of home loans to suit Queenslanders of all walks of life.

Compare our home loans side by side and get the right home loan to help you reach your property goals.

tick-checkbox-house
Get your home loan approved in under a week!

Compare owner-occupied loans

Mortgage Saver Mortgage Breaker Fixed Rate
Owner Occupied
Interest rate 3.34% p.a.
Mortgage Saver Special >80% to ≤95% LVR
3.54% p.a.
Mortgage Breaker Special >80% to ≤95% LVR
4.69% p.a.
1 Year Fixed Rate >80% to ≤95% LVR
Comparison rate 3.36% p.a.
Mortgage Saver Special >80% to ≤95% LVR
3.60% p.a.
Mortgage Breaker Special >80% to ≤95% LVR
3.52% p.a.
1 Year Fixed Rate >80% to ≤95% LVR
Interest rate type Variable Variable Fixed for 1, 2, 3 & 5 year terms
Establishment fee $0 $600 $600
Annual fee $0 $0 $0
Monthly account keeping fee $0 $0 $0
Loan settlement fee $302.50 $302.50 $302.50
Bonus 15% off Home & Contents Insurance for the life of the loan* Yes
with the Home Bundle
Yes
with the Home Bundle
Yes
with the Home Bundle
Max. loan to value ratio 80% 80% 80%
Max. loan to value ratio inclusive of LMI 95% 95% 95%
Offset account available No Yes - principal and interest, personal borrowers only No
Redraw facility available Yes Yes No
Additional payments options Unlimited Unlimited Up to $10,000 per year
Maximum term 30 years
or 40 years for First Home Buyers
30 years
or 40 years for First Home Buyers
30 years
or 40 years for First Home Buyers
Top-ups Yes Yes Yes
Ability to split Yes Yes Not during fixed rate term
RACQ membership Yes Yes Yes
Enquire online Enquire online Enquire online
text-document-with-checkmark
Ready to check out the costs and benefits of our owner-occupied home loans more closely?

RACQ Bank offers award-winning home loans

RACQ Bank is the winner of Canstar's Outstanding Value award for Investment Fixed Home Lender.
canstar fixed investor 2021 x3 awards

Compare investor loans

Mortgage Breaker Fixed Rate
Investor
Interest rate 3.74% p.a.
Mortgage Breaker Special >80% to ≤90% LVR
4.89% p.a.
1 Year Fixed Rate >80% to ≤90% LVR
Comparison rate 3.80% p.a.
Mortgage Breaker Special >80% to ≤90% LVR
3.91% p.a.
1 Year Fixed Rate >80% to ≤90% LVR
Interest rate type Variable Fixed for 1, 2, 3 & 5 year terms
Establishment fee $600 $600
Annual fee $0 $0
Monthly account keeping fee $0 $0
Loan settlement fee $302.50 $302.50
Bonus 15% off Home & Contents Insurance for the life of the loan* Yes
with the Home Bundle
Yes
with the Home Bundle
Max. loan to value ratio 80% 80%
Max. loan to value ratio inclusive of LMI 90% 90%
Offset account available Yes - principal and interest, personal borrowers only No
Redraw facility available No No
Additional payments options Unlimited Up to $10,000 per year
Maximum term 30 years 30 years
Top-ups Yes Yes
Ability to split Yes Not during fixed rate term
RACQ membership Yes Yes
Enquire online Enquire online
text-document-with-checkmark
Ready to check out the costs and benefits of our owner-occupied home loans more closely?

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.

Rates current as at 23 June 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.

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.

* 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.