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- Fixed Rate Home Loan (QLD only) (Principal and Interest) 5 Years (LVR < 60%)
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%
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%
Calculate your repayments for this loan
Your estimated repayment
$2,883
based on 500000 loan amount for 25 years at 5.64%
Monthly Repayment
$2,883
Total interest
$572,488
Total payments
$1,072,488
Start date
04-2024
End date
04-2049
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
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
$1,072,488
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
Promoted home loan products
Variable Rate Home Loan LVR < 80%
Real Time Rating™
- 2024 Award Winner
- Special
- Owner Occupied
- Variable
Interest rate p.a.
5.99%
Comparison rate* p.a.
5.90%
Australian Credit Licence 234945
Fees & charges apply
Executive Saver Home Loan
Real Time Rating™
- Owner Occupied
- Variable
- 50% min deposit
- P&I
Interest rate p.a.
5.99%
Comparison rate* p.a.
6.04%
Australian Credit Licence 393283
Fees & charges apply
Base Variable Rate Home Loan
Real Time Rating™
- Investor
- Variable
- 10% min deposit
- P&I
Interest rate p.a.
7.36%
Comparison rate* p.a.
7.41%
Australian Credit Licence 230686
Fees & charges apply
Advantage Plus
Real Time Rating™
- Owner Occupied
- Variable
- 10% min deposit
- P&I
Interest rate p.a.
7.24%
Comparison rate* p.a.
7.55%
Australian Credit Licence 243099
Fees & charges apply
Product data updated on 27 Apr 2024