Steps to refinancing with RACQ Bank

Home is where the heart is, so let us make your refinancing journey simple and fast with these four easy steps.

We understand how important it is that your current home loan has the flexibility and benefits to match your lifestyle. With low fees and competitive interest rates across our suite of home loan products, we make it easy to switch to RACQ Bank.

  • icon-step-1
    Review your current home loan and compare rates

    When it comes to refinancing, there are several reasons why you may have decided to make the switch. Perhaps your circumstances have changed or your current home loan is no longer delivering the right benefits to suit your lifestyle.

    To make sure your new home loan is the right fit, ask yourself why you’re refinancing – are you looking for better rates, lower fees or something else entirely? Identifying the key benefits will ensure you put yourself in the best financial position and choose a home loan to suit your specific needs.

  • icon-step-2
    Use the refinancing home loan calculator

    Once you know why you’re refinancing, it is time to check your borrowing power.

    Your financial situation may have changed since you last took out a home loan, so it’s always a good idea to get an indication of your borrowing power.

    Our easy refinancing calculator will give you a good idea of what your monthly repayments might be with RACQ Bank.

  • icon-step-3
    Compare our home loans
    Once you have an idea of why you’re refinancing and the amount of money you are able to borrow, it’s time to find the loan to suit your needs.
  • icon-step-4
    Apply for your new home loan

    Congratulations! You’ve selected a new home loan. Now, you can start the application process.

    Simply download our home loan application checklist and get in contact with one of our lending specialists by filling out our online enquiry form.

    Once you’ve signed the loan contract, we'll take care of paying out the old loan for you.

Your RACQ Bank Home Loan comes with member benefits~~

In need of a fresh coat of paint?
Enjoy a 10% discount at Wattyl Paint Centres.
Treat yourself to a little entertainment
Save on eVouchers and eGift Cards for Event Cinemas and BCC Cinemas Queensland-wide.
Save on the essentials every week
Enjoy a 4% discount on pre-purchased Woolworths Supermarket eGift Cards.
Be part of positive changes in your community
Know that RACQ funds life-saving rescue flights.

More about home buying

Home extension tips
How to avoid costly traps when planning a home extension
Buying an investment property
Is property investment right for you
What to consider before buying an investment property.
Building a home
Building a home
When you’re building a house follow our top tips and get into your home faster with a loan from RACQ Bank.

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.

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.