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- Fixed Rate Home Loan - Investor (QLD only)
Fixed Rate Home Loan - Investor (QLD only)
- Investor
- Fixed 5 years
- 40% min deposit
- P&I
Interest rate p.a.
5.94%
Comparison rate* p.a.
6.79%
Fixed Rate Home Loan - Investor (QLD only)
- Investor
- Fixed 5 years
- 40% min deposit
- P&I
Interest rate p.a.
5.94%
Comparison rate* p.a.
6.79%
RACQ Bank Fixed - 5 years Rate Home Loan overview
For Fixed Rate Investment Loan (QLD only) 5 Years (LVR < 60%)
No owner occupier products available
Details
Maximum LVR
60%
Total repayments
Interest rate type
Fixed - 5 years
Borrowing range
$20k - $100m
Suitable for
Investors
Loan term range
1 - 30 years
Repayment type
Principal and Interest
Applicable states
QLD
Repayment options
Fortnightly, Monthly, Weekly
Target Market Determination
Visit RACQ Bank to view Target Market Determination.
Features
Extra repayments
Allowed with restrictions
Redraw facility
Offset account
Split interest facility
Loan portability
Repayment holiday available
Allow guarantors
Available for first home buyers
Other benefits
Fees
Total estimated upfront fees
$900
Application fee
$900
Legal fee
$0
Valuation fee
$0
Settlement fee
$0
Other upfront fee
$0
Ongoing fee
$0
Discharge fee
$165
Pros and Cons
For Fixed Rate Home Loan - Investor (QLD only)
Benefits
- Interest rates ranked in the best 20%
- No ongoing fees
- Parents can sign as guarantor
- Split account option
Drawbacks
- Limited extra repayments
- No redraw and no offset
- 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 60% of the property's value
