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RACQ Bank

Fixed Rate Home Loan - Owner Occupied (QLD only)

Interest Rate

6.19

% p.a

Fixed - 5 years

Comparison Rate*

5.19

% p.a

Maximum LVR
70%
Real Time Rating™

3.32

/ 5
Monthly Repayment

$1,968

based on $300,000 loan amount for 25 years at 6.19%

Interest Rate

6.19

% p.a

Fixed - 5 years

Comparison Rate*

5.19

% p.a

Maximum LVR
70%
Real Time Rating™

3.32

/ 5
Monthly Repayment

$1,968

based on $300,000 loan amount for 25 years at 6.19%

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$1,968

based on $300,000 loan amount for 25 years at 6.19%

RACQ Bank home loans are available through brokers who can help find the right loan and manage your application at no charge.

Eric Dong

5.0
21 Reviews

Get expert advice from a home loans specialist.

We want to help our clients create lives they love through financial control and empowerment. Only after we’ve listened to what our clients are trying to achieve, and understood their unique set of circumstances do we start devising bespoke solutions for them. We do the legwork, running around and hard work, you will never have a headache for a competitive interest rate or a simplization of the loan process. We will provide expert guidance and help along the whole way from our initial meeting. We have two consultation fee options for both commercial and residential lending advice.

QLD4116

CRN: 429699

Jingxia (Suzanne) Wang

5.0
103 Reviews

Get expert advice from a home loans specialist.

With double master degrees of Professional Accounting and Commerce and over 3 years working experiences in the mortgage broking industry, Suzanne has been developing a wider sense of what her clients need and how to achieve their dreams of buying or building their own homes as well as increasing their investment property portfolio to build wealth. Suzanne loves meeting new clients and catching up with existing clients, she has a passion for delivering professional skills and experience to customise a solution for her clients to secure their financial future. On weekends she enjoys spending time with her family, reading books with her child, and going for long walks in the park. Suzanne Wang is a credit representative 534100 of BLSSA Pty Ltd ACN 117 651 760 (Australia Credit License 391237).

VIC3128

CRN: 484532

Quick home loan review

For Fixed Rate Home Loan (QLD only) (Principal and Interest) 5 Years (LVR ≤ 70%)

These are the benefits of this home loan.

  • No ongoing fees
  • Parents can sign as guarantor
  • Split account option

These are the drawbacks of this home loan.

  • Limited extra repayments
  • No redraw and no offset
  • Higher than average interest rate
  • Loan reverts to higher rate after fixed period
  • Higher than average upfront fee
  • Discharge fee at end of loan
  • Maximum loan amount is limited to 70% of the property's value

Home loan overview

For Fixed Rate Home Loan (QLD only) (Principal and Interest) 5 Years (LVR ≤ 70%)

Details

Maximum LVR

70%

Total Repayments

Interest rate type

Fixed - 5 years

Borrowing range

Suitable for

Owner Occupiers

Loan term range

1 - 30 years

Principal & interest

Interest only

Applicable states

QLD

Make repayments

Fortnightly, Monthly, Weekly

Features

Extra repayments

Yes - limited to $10000

Redraw facility

Split interest facility

Loan portable

Repayment holiday available

Allow guarantors

Available for first home buyers

Fees

Total estimated upfront fees

900

Application fee

900

Valuation fee

$0

Settlement fee

0

Other upfront fee

0

Ongoing fee

$0

Discharge fee

165

Application method

Online

Phone

In branch

Available
Not available
Data not captured
Specials
  • Other 15% off Home & Contents Insurance for the life of the loan and RACQ members with a home loan of $250k+ can receive a 0.79% p.a. green loan to purchase eligible clean energy products.
    CR: 0.79% p.a. Loan amount: $3k - $50k Loan term: <$20k - 10 years, $20k-$50k - 20 years Maximum LVR: 80% (maximum with LMI: 95% inclusive of fees) Fees: valuation fee (where applicable)

Target Market Determination

Visit RACQ Bank to view Target Market Determination.

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RACQ Bank is available through brokers

FAQs

What is the minimum amount you can apply for?

The range you can borrow from this loan is $20k to $99,999,999.

What's the minimum deposit needed for this loan?

This loan option comes with a maximum loan-to-value ratio of 70 percent, which means it requires a minimum deposit of 30 percent

What's the maximum length for this loan?

RACQ Bank allows you to have this loan for a range of 1 to 30 years.

How often can you make repayments?

RACQ Bank allows you to make repayments to this loan option through one of the following repayment schedules: fortnightly, monthly, weekly.

How much will the upfront fees be for this loan?

While it could change based on your circumstances, RateCity estimates that this loan option comes with $900 worth of upfront fees.

Does this loan come with a redraw facility?

No, this loan doesn't come with a redraw facility.

How do you apply for this loan?

To apply for this loan, please contact RACQ Bank.

Can a broker help me with this loan?

Yes, this RACQ Bank loan is available through a broker. Find a broker to help you with your needs.