RACQ Bank Home Loans
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.
RACQ Bank home loans
| Product | Advertised rate | Upfront fee | Comparison rate* | Ongoing fee | Go To Site |
|---|---|---|---|---|---|
Advertised rate 3.62% Variable | Upfront fee $0 | Comparison rate* 3.62% | Ongoing fee $0 | View Now Compare | |
Advertised rate 4.19% Variable | Upfront fee $0 | Comparison rate* 4.57% | Ongoing fee $395 annually | Details Compare | |
Advertised rate 4.19% Variable | Upfront fee $0 | Comparison rate* 4.57% | Ongoing fee $395 annually | Details Compare | |
Advertised rate 4.19% Fixed - 5 years | Upfront fee $600.00 | Comparison rate* 4.70% | Ongoing fee $0 | Details Compare | |
Advertised rate 3.89% Fixed - 3 years | Upfront fee $600.00 | Comparison rate* 4.74% | Ongoing fee $0 | Details Compare | |
Advertised rate 3.79% Fixed - 3 years | Upfront fee $0 | Comparison rate* 4.75% | Ongoing fee $395 annually | Details Compare | |
Advertised rate 4.09% Fixed - 5 years | Upfront fee $0 | Comparison rate* 4.76% | Ongoing fee $395 annually | Details Compare | |
Advertised rate 3.72% Fixed - 2 years | Upfront fee $0 | Comparison rate* 4.80% | Ongoing fee $395 annually | Details Compare | |
Advertised rate 3.82% Fixed - 2 years | Upfront fee $600.00 | Comparison rate* 4.81% | Ongoing fee $0 | Details Compare | |
Advertised rate 3.66% Fixed - 1 year | Upfront fee $0 | Comparison rate* 4.87% | Ongoing fee $395 annually | Details Compare | |
Advertised rate 3.76% Fixed - 1 year | Upfront fee $600.00 | Comparison rate* 4.91% | Ongoing fee $0 | Details Compare | |
Advertised rate 3.72% Intro 12 months | Upfront fee $600.00 | Comparison rate* 4.91% | Ongoing fee $395 annually | Details Compare | |
Advertised rate 4.39% Fixed - 5 years | Upfront fee $600.00 | Comparison rate* 5.05% | Ongoing fee $0 | Details Compare | |
Advertised rate 4.29% Fixed - 5 years | Upfront fee $0 | Comparison rate* 5.10% | Ongoing fee $395 annually | Details Compare | |
Advertised rate 4.19% Fixed - 3 years | Upfront fee $600.00 | Comparison rate* 5.15% | Ongoing fee $0 | Details Compare | |
Advertised rate 4.09% Fixed - 3 years | Upfront fee $0 | Comparison rate* 5.16% | Ongoing fee $395 annually | Details Compare | |
Advertised rate 4.05% Fixed - 2 years | Upfront fee $0 | Comparison rate* 5.23% | Ongoing fee $395 annually | Details Compare | |
Advertised rate 4.15% Fixed - 2 years | Upfront fee $600.00 | Comparison rate* 5.25% | Ongoing fee $0 | Details Compare | |
Advertised rate 3.99% Fixed - 1 year | Upfront fee $0 | Comparison rate* 5.31% | Ongoing fee $395 annually | Details Compare | |
Advertised rate 4.09% Fixed - 1 year | Upfront fee $600.00 | Comparison rate* 5.36% | Ongoing fee $0 | Details Compare |
Mortgage Saver Special Home Loan (QLD only) Advertised rate 3.62% Variable Upfront fee $0 Comparison rate* 3.62% Ongoing fee $0 | |
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Choices Mortgage Breaker Home Loan (QLD only) ($250k-$500k) Advertised rate 4.19% Variable Upfront fee $0 Comparison rate* 4.57% Ongoing fee $395 annually | |
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Mortgage Breaker Investor Special – Choices Package (QLD only) ($150k+) Advertised rate 4.19% Variable Upfront fee $0 Comparison rate* 4.57% Ongoing fee $395 annually | |
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Fixed Rate Home Loan (QLD only) 5 Years Advertised rate 4.19% Fixed - 5 years Upfront fee $600.00 Comparison rate* 4.70% Ongoing fee $0 | |
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Fixed Rate Home Loan (QLD only) 3 Years Advertised rate 3.89% Fixed - 3 years Upfront fee $600.00 Comparison rate* 4.74% Ongoing fee $0 | |
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Choices Fixed Home Loan (QLD only) 3 Years Advertised rate 3.79% Fixed - 3 years Upfront fee $0 Comparison rate* 4.75% Ongoing fee $395 annually | |
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Choices Fixed Home Loan (QLD only) 5 Years Advertised rate 4.09% Fixed - 5 years Upfront fee $0 Comparison rate* 4.76% Ongoing fee $395 annually | |
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Choices Fixed Home Loan (QLD only) 2 Years Advertised rate 3.72% Fixed - 2 years Upfront fee $0 Comparison rate* 4.80% Ongoing fee $395 annually | |
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Fixed Rate Home Loan (QLD only) 2 Years Advertised rate 3.82% Fixed - 2 years Upfront fee $600.00 Comparison rate* 4.81% Ongoing fee $0 | |
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Choices Fixed Home Loan (QLD only) 1 Year Advertised rate 3.66% Fixed - 1 year Upfront fee $0 Comparison rate* 4.87% Ongoing fee $395 annually | |
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Fixed Rate Home Loan (QLD only) 1 Year Advertised rate 3.76% Fixed - 1 year Upfront fee $600.00 Comparison rate* 4.91% Ongoing fee $0 | |
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Intro Rate Home Loan Offer (QLD only) ($250k-$500k) Advertised rate 3.72% Intro 12 months Upfront fee $600.00 Comparison rate* 4.91% Ongoing fee $395 annually | |
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Fixed Rate Investment Loan (QLD only) 5 Years Advertised rate 4.39% Fixed - 5 years Upfront fee $600.00 Comparison rate* 5.05% Ongoing fee $0 | |
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Choices Fixed Investment Loan (QLD only) 5 Years ($250k-$500k) Advertised rate 4.29% Fixed - 5 years Upfront fee $0 Comparison rate* 5.10% Ongoing fee $395 annually | |
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Fixed Rate Investment Loan (QLD only) 3 Years Advertised rate 4.19% Fixed - 3 years Upfront fee $600.00 Comparison rate* 5.15% Ongoing fee $0 | |
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Choices Fixed Investment Loan (QLD only) 3 Years ($250k-$500k) Advertised rate 4.09% Fixed - 3 years Upfront fee $0 Comparison rate* 5.16% Ongoing fee $395 annually | |
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Choices Fixed Investment Loan (QLD only) 2 Years ($250k-$500k) Advertised rate 4.05% Fixed - 2 years Upfront fee $0 Comparison rate* 5.23% Ongoing fee $395 annually | |
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Fixed Rate Investment Loan (QLD only) 2 Years Advertised rate 4.15% Fixed - 2 years Upfront fee $600.00 Comparison rate* 5.25% Ongoing fee $0 | |
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Choices Fixed Investment Loan (QLD only) 1 Year ($250k-$500k) Advertised rate 3.99% Fixed - 1 year Upfront fee $0 Comparison rate* 5.31% Ongoing fee $395 annually | |
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Fixed Rate Investment Loan (QLD only) 1 Year Advertised rate 4.09% Fixed - 1 year Upfront fee $600.00 Comparison rate* 5.36% Ongoing fee $0 | |
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- Variety of home loan products.
- Opportunity to bundle other financial products.
- Caters for people with specific needs.
- Community based bank run by members.
- Some products include fees.
- Limited branch access.
RACQ Bank has numerous services for customers to access their accounts and get support. RACQ Bank also has a presence on the ground in Queensland, with over 13 branches throughout the state. RACQ Bank also has a team of mobile lenders. They can visit you at home and talk to you about a loan set-up that suits your personal circumstances. Customers can access their accounts 24-hours-a-day via internet banking and telephone banking is also available. Both these services allow you to access things such as your recent transactions history and account balance, as well as to find a bank branch or ATM. The bank can also be contacted by email.
- Mobile app
- Online banking
- Branch
- Mobile banking staff
How to Apply
Applications and home loan enquiries can be made online at the RACQ Bank website or by downloading and completing relevant documentation then sending them to RACQ Bank via post. Relevant information includes:
- Personal identification material
- Proof of income
- Information regarding your living costs
