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RACQ Bank

Mortgage Saver Special Home Loan - Owner Occupied (QLD only)

Advertised Rate

2.75

% p.a

Variable

Comparison Rate*

2.77

% p.a

Maximum LVR
95%
Real Time Rating™

2.50

/ 5
Monthly Repayment

$1,384

based on $300,000 loan amount for 25 years at 2.75%

Advertised Rate

2.75

% p.a

Variable

Comparison Rate*

2.77

% p.a

Maximum LVR
95%
Real Time Rating™

2.50

/ 5
Monthly Repayment

$1,384

based on $300,000 loan amount for 25 years at 2.75%

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$1,384

based on $300,000 loan amount for 25 years at 2.75%

Quick home loan review

For Mortgage Saver Special Home Loan (QLD only) (Principal and Interest) (LVR 80%-90%)

These are the benefits of this home loan.

  • Lower than average interest rate
  • No ongoing fees
  • Suitable for low deposits
  • Parents can sign as guarantor
  • Extra repayments and redraw facility
  • Free redraw facility
  • Split account option

These are the drawbacks of this home loan.

  • No offset account
  • Higher than average upfront fee
  • Discharge fee at end of loan
  • No repayment holidays

Home loan overview

For Mortgage Saver Special Home Loan (QLD only) (Principal and Interest) (LVR 80%-90%)

TMD

Details

Maximum LVR

95%

Total Repayments

Next LVR

Interest rate type

Variable

Borrowing range

Suitable for

Owner Occupiers

Loan term range

1 - 30 years

Principal & interest

Interest only

Applicable states

QLD

Make repayments

Fortnightly, Monthly, Weekly

Features

Extra repayments

Unlimited extra repayments

Redraw facility

Redraw fee: $0

Split interest facility

Loan portable

Repayment holiday available

Allow guarantors

Available for first home buyers

Fees

Total estimated upfront fees

302

Application fee

0

Valuation fee

$0

Settlement fee

302

Other upfront fee

0

Ongoing fee

$0

Discharge fee

165

Application method

Online

Phone

In branch

Specials
  • Other 15% off Home & Contents Insurance for the life of the loan

Target Market Determination

Visit RACQ Bank to view Target Market Determination.

Other Restrictions

Available for new lending only. Customers with an existing home loan can switch to Mortgage Saver Special with a minimum $20k in additional new lending.

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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 95 percent, which means it requires a minimum deposit of 5 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 $302 worth of upfront fees.

Does this loan come with a redraw facility?

Yes, this loan comes with a redraw, charged at $0 if you need to use it.

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.