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  4. Fixed Rate Home Loan - Owner Occupied (QLD only)

Fixed Rate Home Loan - Owner Occupied (QLD only)

  • Owner Occupied
  • Fixed 5 years
  • 40% min deposit
  • P&I

Interest rate p.a.

5.64%

Comparison rate* p.a.

6.44%

Product info

Fixed Rate Home Loan - Owner Occupied (QLD only)

  • Owner Occupied
  • Fixed 5 years
  • 40% min deposit
  • P&I

Interest rate p.a.

5.64%

Comparison rate* p.a.

6.44%

RACQ Bank Fixed - 5 years Rate Home Loan overview

For Fixed Rate Home Loan (QLD only) (Principal and Interest) 5 Years (LVR < 60%)

Principal & Interest (P&I)

Loan type

Loan to value ratio

Interest rate

Comparison rate

Fixed - 5 years

Up to 60%

5.64% p.a

6.44% p.a

Product info

Fixed - 5 years

Up to 70%

5.74% p.a

6.48% p.a

Product info

Fixed - 5 years

Up to 80%

5.84% p.a

6.52% p.a

Product info

Fixed - 3 years

Up to 60%

5.74% p.a

6.66% p.a

Product info

Fixed - 3 years

Up to 70%

5.84% p.a

6.69% p.a

Product info

Fixed - 3 years

Up to 80%

5.94% p.a

6.72% p.a

Product info

Fixed - 5 years

Up to 95%

6.44% p.a

6.79% p.a

Product info

Fixed - 2 years

Up to 60%

6.04% p.a

6.83% p.a

Product info

Fixed - 2 years

Up to 70%

6.14% p.a

6.85% p.a

Product info

Fixed - 2 years

Up to 80%

6.24% p.a

6.87% p.a

Product info

Interest only

Loan type

Loan to value ratio

Interest rate

Comparison rate

Details

Maximum LVR

60%

Total repayments

$0

View repayment schedule »
Interest rate type

Fixed - 5 years

Borrowing range

$20k - $100m

Suitable for

Owner Occupiers

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 - Owner Occupied (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

How to apply

If you'd like to apply for this home loan or just get more information, follow the application process to speak to an RACQ Bank mortgage specialist.
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