Enjoy a greener, cleaner home with an RACQ Bank Green Home Loan

RACQ Bank exists to help you get ahead, and now we're helping Queensland go green by making sustainability affordable. If you’re ready to cultivate a greener lifestyle, an RACQ Bank Green Home Loan can help cover the cost of eco-improvements to your home.

Greenify your home by adding solar panels, battery packs, a solar hot water system, a heat pump hot water system, or an electric vehicle charging station from an approved supplier and installer.

Add a green home loan to your RACQ Bank home loan and borrow up to $50,000 at a seriously low rate for green home improvements from Clean Energy Council approved suppliers and installers.

Enquire now

Variable rate Green Home Loan

0.79%  p.a.

Interest rate

0.79%  p.a.

Comparison rate

Who can apply for an RACQ Bank Green Home Loan?

  • Available for members with an RACQ Bank Home Loan - either new purchase, existing, or refinanced
  • Home loans must have a minimum loan balance of $250,000
  • Available for the home with the eligible RACQ Bank Home Loan

Green Home Loan details

Check out our Green Home Loans FAQs for more information.

  • Features
    • Repayment type: Principal and interest
    • Minimum loan amount: $3,000
    • Maximum loan amount: $50,000
    • Maximum loan term: 10 years if the value of the loan is less than $20,000, or 15 years if the value of the loan is $20,000 - $50,000.
       
  • Options
    • Split loan options: No
    • Redraw facility: No
    • Offset account: No

Award-winning Green Home Loan

RACQ Bank is the winner of Canstar’s Green Excellence award.
CANSTAR 2022 - Green Excellence Award OL

Calculate your Green Home Loan repayments

How to apply for an RACQ Bank Green Home Loan

  • icon-step-1
    Speak to an RACQ Bank home lender
  • icon-step-2
    Contact a Clean Energy Council approved supplier / installer to get a quote for your project
  • icon-step-3
    Give your RACQ Bank home lender the quote and we’ll complete your application
  • icon-step-4
    Once your application is approved and you provide confirmation from your installer of an installation date, settlement funds will be disbursed into your RACQ Bank transaction account
  • Your supplier will complete your project and give you an invoice
  • You pay the invoice using your settlement funds
  • Enjoy your new green home upgrade

Why choose an RACQ Bank Green Home Loan?

RACQ can help your home run on the sun
Talk to us about installing and insuring home solar today. Find more ways to embrace sustainability with RACQ.

  • shaking-hands
    Home loans approved in one week
    Forget the waiting game, get a fast outcome. 
  • stacked-dollar-coins
    No hidden fees or charges
    We believe in upfront, transparent pricing. 
  • callcentre-person
    Expect local customer service
    RACQ Bank call centres and stores are Queensland-based. 
  • person-next-to-racq-logo
    You become an RACQ member
    Unlock thousands of online and in-store member discounts. 

Enjoy RACQ member benefits~~

Home Solar
Use your Green Home Loan for solar
Save with member discounts on GEM Energy home solar and battery packages. 
person-wearing-hat
Get Roadside Assistance for your electric vehicle*
Choose to cover your EV under any of our five levels of roadside assistance without paying any extra. 
battery
Get discounted Chargefox EV charging
Plug into Australia’s largest EV charging network and save 20% at ultra-rapid charging sites. 
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Know you’re helping Queenslanders
See the difference RACQ Foundation makes to communities affected by natural disasters and drought. 

Green 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.

Available with existing, refinanced and new RACQ Bank home loans. Conditions apply.

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

Comparison rate calculated on a secured loan amount of $30,000 over 5 years based on monthly repayments. 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.

~~ 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.

Conditions, limitations and exclusions apply, including vehicle weight, height and length limits. See our Roadside Assistance terms and conditions or download our brochure.