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Fixed Rate Home Loan (QLD only) 5 Years

Customise your mortgage repayments by entering your details:

I want to borrow

Loan Term

years

Repayment Frequency

Pros:
  • No ongoing fees
  • Suitable for low deposits
  • Parents can sign as guarantor
  • Repayments will not change during fixed period
Cons:
  • Limited extra repayments
  • No redraw and no offset
  • Discharge fee at end of loan
  • Not available for self-employed borrowers

Details & Fees

Maximum LVR
Maximum LVR
95%
Interest rate structure
Interest rate structure
Fixed - 5 years
Borrowing range
Borrowing range
$20k - $100mCalculate how much you can borrow »
Total repayments
Total repayments
$591,624View repayment schedule »
Principal & interest
Principal & interest
Interest only
Interest only
Loan term
Loan term
1 - 30 years
Offset account
Offset account
Extra repayments
Extra repayments
Allowed with restrictions
Redraw facility
Redraw facility
Allows split interest
Allows split interest
Suitable For
Suitable ForOwner Occupiers
Applicable States
Applicable StatesQLD
Make Repayments
Make RepaymentsFortnightly, Monthly, Weekly
Estimated upfront fees
Estimated upfront fees
$600
Application fee
Application fee$600
Settlement fee
Settlement fee$0
Valuation fee
Valuation fee
$0
Legal fee
Legal fee
$0
Ongoing fee
Ongoing fee
$0
Discharge fee
Discharge fee$290
Maximum LVR
Maximum LVR
95%
Interest rate structure
Interest rate structure
Fixed - 5 years
Borrowing range
Borrowing range
$20k - $100mCalculate how much you can borrow »
Total repayments
Total repayments
$591,624View repayment schedule »
Principal & interest
Principal & interest
Interest only
Interest only
Loan term
Loan term
1 - 30 years
Offset account
Offset account
Extra repayments
Extra repayments
Allowed with restrictions
Redraw facility
Redraw facility
Allows split interest
Allows split interest
Suitable For
Suitable ForOwner Occupiers
Applicable States
Applicable StatesQLD
Make Repayments
Make RepaymentsFortnightly, Monthly, Weekly
Estimated upfront fees
Estimated upfront fees
$600
Application fee
Application fee$600
Settlement fee
Settlement fee$0
Valuation fee
Valuation fee
$0
Legal fee
Legal fee
$0
Ongoing fee
Ongoing fee
$0
Discharge fee
Discharge fee$290

RACQ was formed more than 100 years ago, in 1905, as a Queensland-based club for motorists. It was originally called the Automobile Club of Queensland and designed to advocate the rights of drivers. As it evolved, it began to offer a range of products to members including car loans and personal loans.

QT Mutual Bank was set up in the mid 1960s under the name the Queensland Teachers’ Credit Union with the aim of lending money to other teachers. In 2011, it changed its name QT Mutual Bank, after becoming Queensland’s first customer-owned bank.

On 18 April 2016, RACQ and QT Mutual Bank announced a proposal to join forces and form a powerful member-owned, community-focused mutual organisation. The merger of these two organisations into RACQ Bank came into effect as of 25 September 2017.

RACQ Bank Home Loan Calculator
Interested in an RACQ Bank home loan? RateCity has a suite of calculators that can show you what your repayments would be and how RACQ Bankcompares to its competitors. Simply plug in your borrowing amount below. 

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