Terms and Conditions

Home Loan applications must be received between 9:00am 20 November - 5:00pm 30 June 2018 and settled by 5:00pm, 31 August 2018. The Insurance offer is optional. Home Loan applications must be for owner occupied, principal and interest home loans and for personal customers only. Not available for businesses or companies. Terms, conditions, fees, charges and lending criteria apply. This offer is not available for pre-approvals. Offer available for new applications only and limited to one Home and Contents Insurance policy per eligible home loan. RACQ Bank may vary this offer at any time without notice.

Offer is for a 12 month RACQ building and contents policy for eligible home loans. The policy will be based on having a $500 excess for building and a $500 excess for contents, with optional benefits included. 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. For refinances from other banks, Insurance policies will be created on the day of loan funding approval. For new policy applicants, insurance policies are created at loan submission, however the free 1 year insurance is conditional on the loan funding within 60 days of the date on which the loan was submitted with RACQ Bank. This offer cannot be used in conjunction with any other offer or promotion. Unless cancelled, we will automatically renew your policy at the end of the free period subject to payment of the policy premium. Applicants for insurance are subject to normal underwriting criteria.

Insurance products are issued by RACQ Insurance Limited ABN 50 009 704 152 (RACQ). Conditions, limits and exclusions apply. Please read the PDS and Key Facts Sheets before making a purchase decision on this product. Any general advice relating to this product at is provided by RACQ.

Loans 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 criteria apply. 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, 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.