RACQ Bank Fixed Rate Investment Loan (QLD only) (Principal and Interest) 3 Years | Review & Compare Home Loans

Fixed Rate Home Loan - Investor (QLD only)

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Interest Rate

4.79

% p.a

Fixed - 3 years

Comparison Rate*

3.70

% p.a

Maximum LVR

90%

Real Time Rating™

Monthly Repayment

$1,717

based on $300,000 loan amount for 25 years at 4.79%

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Summary
Features & fees
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Interest Rate

4.79

% p.a

Fixed - 3 years

Comparison Rate*

3.70

% p.a

Maximum LVR

90%

Real Time Rating™

Monthly Repayment

$1,717

based on $300,000 loan amount for 25 years at 4.79%

Calculate your repayments for this loan

Your estimated repayment

$1,717

based on $300,000 loan amount for 25 years at 4.79%

Based on your details, you can compare and save on the following home loans

TMD

Monthly Repayment

$1,346

based on $300,000 loan amount for 25 years at 2.5%

Interest Rate

2.10

% p.a

Intro 24 months

Comparison Rate*

2.46

% p.a

Interest rates ranked in the best 20%
No ongoing fees
Extra repayments and redraw facility
Free redraw facility

Real Time Rating™

More Features

Monthly Repayment

$1,292

based on $300,000 loan amount for 25 years at 2.14%

Interest Rate

2.14

% p.a

Variable

Comparison Rate*

2.14

% p.a

Interest rates ranked in the best 20%
No upfront or ongoing fees
100% full offset account
Extra repayments and redraw facility

Real Time Rating™

More Features

Monthly Repayment

$1,292

based on $300,000 loan amount for 25 years at 2.14%

Interest Rate

2.14

% p.a

Variable

Comparison Rate*

2.14

% p.a

Interest rates ranked in the best 20%
No upfront or ongoing fees
100% full offset account
Extra repayments and redraw facility

Real Time Rating™

More Features

Quick home loan review

For Fixed Rate Investment Loan (QLD only) (Principal and Interest) 3 Years

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

Home loan overview

For Fixed Rate Investment Loan (QLD only) (Principal and Interest) 3 Years

TMD

Details
Features
Fees
Application method

Details

Maximum LVR 90%	Total Repayments $515,100 View repayment schedule »
Next LVR	Interest rate type Fixed - 3 years
Borrowing range $20k - $100m Calculate how much you can borrow	Suitable for Investors
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	Offset account No
Redraw facility	Split interest facility
Loan portable	Repayment holiday available
Allow guarantors	Available for first home buyers

Fees

Total estimated upfront fees 902	Application fee 600
Legal fee $0	Valuation fee $0
Settlement fee 302	Other upfront fee 0
Ongoing fee $0	Discharge fee 165

Application method

Online Compare	Phone
Broker Talk to an expert	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.

Checkout more home loans

Interest Rate

4.49

% p.a

Fixed - 3 years

Comparison Rate*

3.81

% p.a

No upfront fees
100% full offset account
Suitable for low deposits
Parents can sign as guarantor

Real Time Rating™

Interest Rate

4.99

% p.a

Fixed - 3 years

Comparison Rate*

4.14

% p.a

No ongoing fees

Real Time Rating™

Interest Rate

4.69

% p.a

Fixed - 3 years

Comparison Rate*

5.15

% p.a

Parents can sign as guarantor
Extra repayments and redraw facility
Free redraw facility
Split account option

Real Time Rating™

Interest Rate

4.86

% p.a

Fixed - 3 years

Comparison Rate*

2.88

% p.a

No ongoing fees
Extra repayments and redraw facility
Free redraw facility
Split account option

Real Time Rating™

Product data updated on 20 May 2022

FAQs

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

This loan option comes with a maximum loan-to-value ratio of 90 percent, which means it requires a minimum deposit of 10 percent

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

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

While it could change based on your circumstances, RateCity estimates that this loan option comes with $902 worth of upfront fees.

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

To apply for this loan, please contact RACQ Bank.

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

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