Important disclosure

RACQ Bank

Fixed Rate Home Loan - Owner Occupied (QLD only)

  • Owner Occupied
  • Fixed undefined year
  • 40% min deposit
  • P&I

5.64%

p.a

6.44%

p.a

Real Time Rating™
Tags
  • Owner Occupied
  • Fixed undefined year
  • 40% min deposit
  • P&I
Interest Rate

5.64%

p.a

Comparison Rate*

6.44%

p.a

ly Repayment

$0

based on $500,000 loan amount for 25 years at 5.64%

Fixed Rate Home Loan - Owner Occupied (QLD only)

Find your ideal home loan from one of the 10 home loans from RACQ Bank

Principal and Interest (P&I)

Loan typeLoan 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 typeLoan to value ratio
Interest rate
Comparison rate

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

Lee Tsiboukas

QLD, 4216

Customer Representative Number: 550725

RACQ Bank Fixed - 5 years Rate Home loan overview

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

Details

Maximum LVR

60%

Total Repayments

Interest rate type

Fixed - 5 years

Borrowing range

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

Yes - limited to $10000

Redraw facility

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

Valuation fee

$0

Settlement fee

$0

Other upfront fee

$0

Ongoing fee

$0

Discharge fee

$165

Pros and cons

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

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.

Home loans

Looking for more RACQ Bank products?

Promoted home loans

Promoted

Lower Rate

Up Home

Real Time Rating™
  • Owner Occupied
  • Fixed undefined year
  • 10% min deposit
  • P&I

special

Get $10 when you join Up. Download the app, sign up easily in 3 minutes and use the code: UPHOMERC. T&Cs apply.
Interest Rate

6.15%

p.a

Comparison Rate*

6.15%

p.a

Promoted

Major Banks

Basic Variable Rate (Flexi First Option) Home Loan

Real Time Rating™
  • Owner Occupied
  • Fixed undefined year
  • 5% min deposit
  • P&I
Interest Rate

6.84%

p.a

Comparison Rate*

7.16%

p.a

Promoted

Generic

Basic Home Loan

Real Time Rating™
  • Owner Occupied
  • Fixed undefined year
  • 5% min deposit
  • P&I
Interest Rate

6.59%

p.a

Comparison Rate*

6.60%

p.a

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 60 percent, which means it requires a minimum deposit of 40 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.