RACQ Bank home loans

RACQ Bank
RACQ Bank's overall rating for home loans

(as rated by the Mozo community)

7.0 / 10

based on 5 reviews

The 2019 Mozo Experts Choice Award winner RACQ Bank offers a range of home loan packages for different needs. Check out our range of home loans for an overview of interest rates, fees and more. Or you can compare with our home loan comparison tools.

Rates and fees verified as correct at 22 October, 2020. Other information correct at the time of writing.

What home loans do RACQ Bank offer?

Fixed Rate Home Loans Fixed Rate Home Loans

Home loan repayments calculator
years
Product Fixed 3 year rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

2.39% p.a.

3.89% p.a.

$0.00

$875

2.59% p.a.

4.28% p.a.

$0.00

$875


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Variable Rate Home Loans Variable Rate Home Loans

Home loan repayments calculator
years
Product Rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

4.33% p.a.

4.37% p.a.

$0.00

$875

2.95% p.a.

3.01% p.a.

$0.00

$875

2.75% p.a.

2.77% p.a.

$0.00

$275

4.79% p.a.

4.83% p.a.

$0.00

$875

3.09% p.a.

3.15% p.a.

$0.00

$875

3.09% p.a.

3.15% p.a.

$0.00

$875


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Fixed Package Home Loan Fixed Package Home Loan

Home loan repayments calculator
years
Product Fixed 3 year rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

2.29% p.a.

3.93% p.a.

$395.00 yearly

$275

2.29% p.a.

3.65% p.a.

$395.00 yearly

$275

2.29% p.a.

3.57% p.a.

$395.00 yearly

$275

2.59% p.a.

4.25% p.a.

$395.00 yearly

$275

2.59% p.a.

4.05% p.a.

$395.00 yearly

$275

2.59% p.a.

3.98% p.a.

$395.00 yearly

$275


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Variable Package Home Loan Variable Package Home Loan

Home loan repayments calculator
years
Product Rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

3.93% p.a.

4.35% p.a.

$395.00 yearly

$275

3.53% p.a.

3.96% p.a.

$395.00 yearly

$275

3.43% p.a.

3.86% p.a.

$395.00 yearly

$275

4.39% p.a.

4.80% p.a.

$395.00 yearly

$275

3.99% p.a.

4.41% p.a.

$395.00 yearly

$275

3.89% p.a.

4.31% p.a.

$395.00 yearly

$275


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*WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

‡ Results from this calculation are estimates only as individual lenders apply different formulas. Actual repayments will depend on your individual circumstances and interest rate changes.

How are RACQ Bank home loans rated?

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Overall 7.0

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Trust

5 Reviews

Recent RACQ Bank home loan reviews Recent RACQ Bank home loan reviews

RACQ Bank

RACQ Bank Mortgage Saver Special review

Overall rating   10 / 10

Very happy with this loan and application process.

Very happy with this product. Good rate, flexible extra repayments/withdraw through banking app and like to have the option to visit a branch if needed. The service provided during the application process exceeded my expectations. Our agent was...

Full review

Very happy with this product. Good rate, flexible extra repayments/withdraw through banking app and like to have the option to visit a branch if needed. The service provided during the application process exceeded my expectations. Our agent was easy to contact and guided us through this process with prompt replies and clear information and instructions.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Dan, Queensland, reviewed 3 months ago

RACQ Bank

RACQ Bank Home Loan review

Overall rating   2 / 10

Try if you want to experience 80's banking system.

Great home loan product with poor system and communication. Consultants are all kind and friendly but very hard to get things process done. Have a doubt about their reliability.

Full review

Great home loan product with poor system and communication. Consultants are all kind and friendly but very hard to get things process done. Have a doubt about their reliability.

    Price   10 / 10

    Features   10 / 10

    Customer service   9 / 10

    Convenience   0 / 10

    Trust   1 / 10

Less

Anyone, Queensland, reviewed 4 months ago

RACQ Bank

RACQ Bank Mortgage Breaker (Choices Package) review

Overall rating   6 / 10

Okay.

Stuffed up rewards by not processing paperwork properly with loan approval.

Full review

Stuffed up rewards by not processing paperwork properly with loan approval.

    Price   8 / 10

    Features   6 / 10

    Customer service   6 / 10

    Convenience   6 / 10

    Trust   6 / 10

Less

Megan, Queensland, reviewed 10 months ago

RACQ Bank

RACQ Bank Fixed Rate review

Overall rating   8 / 10

Great customer service and competitive rates.

I like the fact that there is a local branch nearby which I am able to access, allowing me to deal with people in person. Have also found their telephone banking service to be very good.

Full review

I like the fact that there is a local branch nearby which I am able to access, allowing me to deal with people in person. Have also found their telephone banking service to be very good.

    Price   8 / 10

    Features   7 / 10

    Customer service   8 / 10

    Convenience   10 / 10

    Trust   9 / 10

Less

Debie, Queensland, reviewed 11 months ago

RACQ Bank

RACQ Bank Mortgage Saver Special review

Overall rating   9 / 10

Overall very good.

Simple, easy and affordable.

Full review

Simple, easy and affordable.

    Price   8 / 10

    Features   7 / 10

    Customer service   9 / 10

    Convenience   9 / 10

    Trust   10 / 10

Less

Nathanael, Queensland, reviewed 12 months ago

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What do you need to apply for a RACQ Bank home loan? What do you need to apply for a RACQ Bank home loan?

  • Personal details for each applicant (if necessary)
  • Contact details including a valid email address
  • Proof of salary (i.e. payslips) and evidence of other income including government payments and rental income
  • Statements for any liabilities including credit cards or other existing loans
  • A copy of your council rates notice
  • A copy of your driver's licence or passport
  • Home loan statements (if you’re refinancing)
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