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RACQ Bank

Home Loan Overdraft (QLD Only)

Advertised Rate

5.71

% p.a

Variable

Comparison Rate*

5.78

% p.a

Maximum LVR
80%
Real Time Rating™

0.91

/ 5
Monthly Repayment

$2,193

based on $350,000 loan amount for 25 years at 5.71%

Advertised Rate

5.71

% p.a

Variable

Comparison Rate*

5.78

% p.a

Maximum LVR
80%
Real Time Rating™

0.91

/ 5
Monthly Repayment

$2,193

based on $350,000 loan amount for 25 years at 5.71%

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$2,193

based on $350,000 loan amount for 25 years at 5.71%

Quick home loan review

For Investment Overdraft (QLD only)

These are the benefits of this home loan.

  • No ongoing fees
  • Parents can sign as guarantor

These are the drawbacks of this home loan.

  • No extra repayments
  • No redraw and no offset
  • Higher than average interest rate
  • Higher than average upfront fee
  • Discharge fee at end of loan
  • No repayment holidays

Home loan overview

For Investment Overdraft (QLD only)

Details

Maximum LVR

80%

Total Repayments

Next LVR

Interest rate type

Variable

Borrowing range

Suitable for

Investors, Line of Credit

Loan term range

1 - 30 years

Principal & interest

Interest only

Applicable states

QLD

Make repayments

Fortnightly, Monthly, Weekly

Features

Extra repayments

Not Allowed

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

Valuation fee

$0

Settlement fee

302

Other upfront fee

0

Ongoing fee

$0

Discharge fee

165

Application method

Online

Phone

In branch

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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 80 percent, which means it requires a minimum deposit of 20 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 $902 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.