At RACQ Bank, we put the power to pay off your home loan back into your hands. Our Mortgage Breaker variable home loan has all the features you need to break free from your mortgage including a competitive interest rate, a 100% offset account, and the ability to make unlimited repayments. When you want the freedom to pay off your mortgage sooner, choose RACQ Bank.
Our owner-occupied variable interest rate loan is designed with your needs in mind:
New lending only. Principal and interest only. Available until further notice. Comparison rate warning. What is LVR? The Loan to Value Ratio (LVR) is the amount you are borrowing represented as a percentage of the value of the property being used as security for the loan.
Take a look at the fees, options, and features of the Mortgage Breaker variable rate home loan. Or you can learn more about common home loan terminology in our home loan FAQs.
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 17 May 2022 and subject to change at any time.
Mortgage Breaker Special is available for new lending only. Customers with an existing home loan can switch to Mortgage Breaker Special with a minimum $20,000 in additional new lending.
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.
~~ 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.