Get a great rate with an RACQ Bank Fixed Rate Home Loan

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:

  • Good for borrowers wanting the security of fixed repayments 1, 2, 3, and 5 year terms available
  • Bonus 15% off Home and Contents Insurance for the life of the loan with the Home Bundle*
  • RACQ Gold and Silver members save 0.10% p.a. off fixed rates^

1 Year Fixed

Principal and interest only. Comparison rate warning

3.59% p.a

interest rate

2.97% p.a

comparison rate

Fixed loan rates

We offer our members fixed home loan rates for 1, 2, 3, and 5 year terms. 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 3.59% p.a. 2.97% p.a.
2 Year 4.09% p.a. 3.12% p.a.
3 Year 4.59% p.a. 3.35% p.a.
5 Year 5.09% p.a. 3.82% p.a.

RACQ Bank Fixed Rate Home Loan details

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.

  • Fees
    • Establishment fee: $600
    • Annual fee: $0
    • Monthly fee: $0
    • Loan settlement fee: $302.50
    • For a full list of fees and charges refer to the Loan Fee Schedule
  • Options
    • Offset account available: No
    • Redraw facility available: No
    • Additional payments: up to $10,000 per year
    • Split loan option: Yes
  • Features
    • Maximum Loan-to-Value Ratio (LVR): 80%
    • Maximum Loan-to-Value Ratio inclusive of Lender’s Mortgage Insurance (LMI): 95%
    • Fixed interest rate for 1, 2, 3, and 5 year terms. After the fixed term, the loan reverts to the applicable variable rate applicable.
    • Maximum loan term: up to 30 years or up to 40 years for First Home Buyers

How to apply for your RACQ Bank Fixed Rate Home Loan

  • icon-step-1
    Get in touch with us
    Start the process by completing the online enquiry form. Soon after you’ve submitted your form, we'll be in touch to organise a meeting to get a better understanding of your situation and needs. 
  • icon-step-2
    Organise your info
    To work out which documents you’ll need to bring along to your meeting, download our home loan checklist. If you’re a first home buyer, you may also like to check out our home buyers guide for extra advice. 
  • icon-step-3
    Let us take a look
    Next, we’ll need to conduct a comprehensive property valuation and assessment, then carry out the relevant credit checks. These steps keep the application process moving and help us make sure all the right boxes are ticked along the way. 
  • icon-step-4
    Get ready to celebrate
    Congratulations – we’ll be in touch soon to let you know when your loan has been formally approved, or if we need any more information from you. 

Why choose an RACQ Bank Fixed Rate Home Loan?

  • shaking-hands
    Home loans approved in one week
    Get the ball rolling on your next purchase.
  • callcentre-person
    We have locally staffed call centres
    Speak to our Queensland-based team whenever you call us.  
  • house-home
    We approach banking with openness and honesty
    Feel confident that we’re looking out for your best interests. 
  • racq-logo-on-card
    You get the perks of being an RACQ member
    Enjoy member discounts that reflect your passions and priorities. 

Your home loan comes with RACQ membership~~

shopping-bag
Upgrade your home décor for less
Take advantage of a 10% discount at Andersens and Wattyl Paint Centres. 
hand-holding-box
Make room in your moving budget
Get 10% off storage and 15% off packaging at StoreLocal. 
hand-holding-card-with-dollar-sign
Save at the grocery store
Take 4% off eGift cards for Woolworths.
family-holding-hands
Know you're giving back to the community
Your membership helps fund the RACQ Air Rescue Network’s life-saving missions. 

Fixed rate 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.

Rates current as at 17 May 2022 and subject to change at any time.

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

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.

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.

~~ 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.