Important disclosure
Fixed Rate Home Loan - Owner Occupied (QLD only)
Interest Rate
5.54%
p.a
Fixed - 5 years
Comparison Rate*
6.34%
p.a
5.54%
p.a
Fixed - 5 years
6.34%
p.a
$3,082
based on $500,000 loan amount for 25 years at 5.54%
Calculate your repayments for this loan
Your estimated repayment
$3,082
based on $500,000 loan amount for 25 years at 5.54%
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
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 $950,130 |
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 |
Target Market Determination Visit RACQ Bank to view Target Market Determination. |
Features
Extra repayments Yes - limited to $10000 | 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 loans
Promoted
Discount Variable
6.04%
p.a
Variable
6.06%
p.a
FAQs
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