Our fixed rate home loans give you the certainty of a great rate

At RACQ Bank, we want to help you to build your property portfolio. Our Fixed Rate Investor Home Loan gives you a competitive interest rate, no annual or monthly fees, and a split loan option. Plus, you’ll enjoy exclusive RACQ member discounts. When you need an investment property loan that works for you, choose RACQ Bank.

Our fixed rate investment property loan is packed with benefits:

  • Security of fixed repayment amounts
  • 1, 2, 3, and 5 year terms available
  • Additional repayments available, up to $10,000 p.a.
  • Bonus 15% off Home and Contents Insurance for the life of the loan with the Home Bundle*
  • RACQ Gold and Silver members get 0.10% p.a. reduction on fixed rates with the RACQ Bank Loyalty Offer^

3 Year Fixed Rate ≤60% LVR

Comparison rate warning

6.04% p.a

interest rate

7.03% p.a

comparison rate

Fixed loan rates

Our Fixed Rate Investor Home Loan is available 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 investment property interest rates revert to the applicable variable rate applicable. Comparison rate warning

Standard Loan Interest Rate Comparison Rate
1 Year Fixed Rate ≤60% LVR 6.74% p.a. 7.35% p.a.
2 Year Fixed Rate ≤60% LVR 6.34% p.a. 7.20% p.a.
3 Year Fixed Rate ≤60% LVR 6.04% p.a. 7.03% p.a.
5 Year Fixed Rate ≤60% LVR 5.94% p.a. 6.79% p.a.

RACQ Bank Fixed Rate Home Loan details

Get across out the fees, options, and features associated with our Investor Fixed Rate Home Loan. Or, to learn more about borrowing terminology, see our frequently asked questions about home loans.

  • Fees
    • Establishment fee: $900
    • Annual fee: $0
    • Monthly fee: $0
    • 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.

Award-winning home loans

RACQ are the proud winner of the Mozo – Experts Choice Award 2023 – Low Cost Home Loan, 2023 WeMoney Best for Value – Home Loans award and back-to-back winner of the WeMoney Customer-Owned Bank of the Year and Lender of the Year (Customer Owned Bank) awards.

Mozo - Experts Choice Award 2023 WeMoney Winner lender of the year home loans WeMoney Winner value home loans

How to apply for your RACQ Fixed Rate Investor Home Loan

  • icon-step-1
    Touch base with us
    Take the first step by filling out our online enquiry form. Once we’ve got that, we’ll reach out to book a meeting with you so we can better understand your needs.  
  • icon-step-2
    Gather your documents
    Getting all the right documents together for your meeting will help streamline your application. You can use our handy home loan checklist to make sure you’re prepared. If you’re a first home buyer, our home buyers guide has tips for you too. 
  • icon-step-3
    Leave the extra research to us
    We’ll conduct a comprehensive property valuation and assessment plus all relevant credit checks to progress your application. These steps help us make sure the process runs smoothly and all the right boxes are ticked. 
  • icon-step-4
    Prepare to celebrate
    We’ll get in touch with you as soon as we know whether congratulations are in order or if we require a little more information from you. 

Why choose an RACQ Bank investment property loan?

  • shaking-hands
    RACQ Bank is owned by RACQ members
    Everything we do is to help our members get ahead.
  • callcentre-person
    Our service centres are locally staffed
    Expect a Queenslander to pick up the phone when you call.  
  • house-home
    We'll help you with one-on-one service
    Book a mobile lender to get your personalised lending consultation.
  • racq-logo-on-card
    Start enjoying the perks of being an RACQ member
    Smile, there are dozens of member discounts waiting for you!

Your home loan includes RACQ member benefits~~

paint-roller
Save 10% at Wattyl Paint Centres
Enjoy discounts at Andersens and Wattyl Paint Centres.
tickets
Treat yourself to a little entertainment
Get discounted tickets to movies, events, and games year-round.
shopping-bag
Save on the essentials every week
Enjoy up to a 4% discount on Woolworths eGift cards.
family-holding-hands
Be part of positive changes in your community
Know that RACQ funds life-saving rescue flights.

Fixed Rate Investor 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 1 February 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.

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.

  • * 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 Home and 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.
  • ^RACQ Bank Loyalty Offer Terms and Conditions 

    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:

    1. on any RACQ Bank Investment Home Loans or Owner Occupier Home Loans (Eligible Home Loans). For the avoidance of doubt, this does not include the RACQ Bank Green Home Loan; and
    2. on any Secured or Unsecured Personal Loans (Eligible Personal Loans). For the avoidance of doubt, this does not include the RACQ Bank Green Car Loan, RACQ Bank Green Home Loan or RACQ Bank Green Personal Loan.

    (Eligible Products)

    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:

    1. An existing Gold or Silver RACQ Member;
    2. Employed by a Queensland school or higher education institution or by the Queensland Department of Education; or
    3. Employed by RACQ and have a RACQ employee identification number.

    The offer is not available where the New lending or Refinance is being conducted in the name of a business or a company.

    (Eligible Member)

    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:

    1. A 0.10% p.a. (10 basis point) reduction on any Eligible Home Loan Product;
    2. A 0.20% p.a. (20 basis point) reduction on any Eligible Personal Loan Product.

    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.

    14. RACQ Bank collect, process, use and disclose information about RACQ members in accordance with our Privacy Policy which can be viewed here.

    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.