Making the jump to home ownership is exciting. Our Fixed Rate Home Loan combines the thrill of purchasing property with the security of having fixed repayments. With competitive interest rates, low fees, and thousands of member benefits, an RACQ Bank fixed home loan gives you certainty for easier budgeting. So, whether you’re buying your first property, refinancing, or purchasing your next home, choose RACQ Bank for service you know and trust.
Our owner-occupied Fixed Rate Home Loan is packed with benefits:
We offer our members fixed home loan rates for 1, 2, 3, and 5 year terms. For each loan year term, we offer options based on LVR. What is LVR? After the fixed term, the interest rate reverts to the applicable variable rate applicable. Comparison rate warning
|Standard Loan||Interest Rate||Comparison Rate|
|1 Year Fixed Rate ≤60% LVR||6.44% p.a.||6.87% p.a.|
|2 Year Fixed Rate ≤60% LVR||5.94% p.a.||6.73% p.a.|
|3 Year Fixed Rate ≤60% LVR||5.64% p.a.||6.56% p.a.|
|5 Year Fixed Rate ≤60% LVR||5.54% p.a.||6.34% p.a.|
Check out the fees, options, and features of our owner-occupier Fixed Rate Home Loan. Or you can learn more about home loan terminology by heading over to our home loan FAQs.
RACQ are the proud winner of the 2023 WeMoney Lender of the Year (Customer Owned Bank) - Home Loans, Best for Quality – Home Loans, Best for Value – Home Loans and back-to-back winner of the WeMoney Customer-Owned Bank of the Year.
Need help or would like to know more? RACQ Bank offers many convenient ways for you to get in touch with us.
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 21 November 2023 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) 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.
~~ 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.
~5% deposit of the property value excluding LMI and all other government fees & charges.
1. Members Banking Group trading as RACQ Bank (RACQ Bank) is the issuer of various financial products. RACQ Bank offers a range of offers on its loan products (RACQ Bank Loyalty Offer) which are subject to the below terms and conditions.
2. The RACQ Bank Loyalty Offer provides eligible RACQ Bank customers with a reduced interest rate on RACQ Bank advertised rates on eligible RACQ Bank loan products. These terms and conditions apply in addition to any terms and conditions that apply to the relevant RACQ Bank loan product.
Eligibility Criteria for the RACQ Bank Loyalty Offer
3. The RACQ Bank Loyalty Offer is available:
4. The RACQ Bank Loyalty Offer is only available if a borrower on a loan contract for an Eligible Product is one of the following:
The offer is not available where the New lending or Refinance is being conducted in the name of a business or a company.
5. New lending or refinance is any new lending application with RACQ Bank with a minimum of $20,000 in additional new lending for Eligible Home Loans or any new application with RACQ Bank for Eligible Car and Personal Loans (New Lending or Refinance)
6. Assessment of whether the above eligibility criteria is met will be based on information you disclose during the loan initiation process.
7. RACQ may also ask for further information or evidence, outside what is usually asked in the loan initiation process, to confirm eligibility to the RACQ Bank Loyalty Offer.
8. Eligibility is assessed at New Lending or Refinance. If we assess that a person is no longer eligible for the RACQ Bank Loyalty Offer, we will remove the offer from the date of that assessment and the interest rate on your loan product will revert to the applicable interest rate disclosed in RACQ Bank’s Loan Rate Schedule.
Operation of the RACQ Bank Loyalty Offer
9. The RACQ Bank Loyalty Offer is only available for New Lending or Refinance applications received from 06 December 2022
10. An Eligible Member will receive the following reductions from the applicable interest rate disclosed in the RACQ Bank Loan Rate Schedule:
11. For the avoidance of doubt, only one RACQ Bank Loyalty Offer will be applied to each Eligible Product held by an Eligible Member. If more than one borrower on a loan contract is an Eligible Member, the RACQ Bank Loyalty Offer will only be applied once.
12. The offer of an interest rate reduction under this offer is subject to the eligibility criteria being met and is at the absolute discretion of RACQ Bank.
13. RACQ Bank is entitled to discontinue or change the RACQ Bank Loyalty Offer at any point, in its absolute discretion. For Eligible Members who are receiving the RACQ Bank Loyalty Offer at the time that RACQ Bank decides to withdraw or change the RACQ Bank Loyalty Offer under this clause, RACQ Bank will only do so in accordance with the terms of the loan agreement it has with the Eligible Member which permit variations to the interest rate.
15. These Terms and Conditions are governed by the laws of Queensland. You irrevocably submit to the non-exclusive jurisdiction of the courts of Queensland and the courts competent to hear and determine matters in Queensland.