8.2 / 10

based on 16 reviews as rated by Mozo community

RACQ Bank home loans

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.

What home loans do RACQ Bank offer?

Rates and fees verified as correct at 17 January, 2021. Other information correct at the time of writing. Advertiser disclosure.

Fixed Rate Home Loans

Home loan repayments calculator

years

Product Fixed 3 year rate Comparison Rate Service fee Upfront fee Monthly repayments ‡

1.99% p.a.

3.79% p.a.

$0.00

$903

2.19% p.a.

4.17% p.a.

$0.00

$903

Variable Rate Home Loans

Home loan repayments calculator

years

Product Rate Comparison Rate Service fee Upfront fee Monthly repayments ‡

4.33% p.a.

4.39% p.a.

$0.00

$903

2.95% p.a.

3.01% p.a.

$0.00

$903

2.85% p.a.

2.91% p.a.

$0.00

$903

2.75% p.a.

2.81% p.a.

$0.00

$903

2.75% p.a.

2.77% p.a.

$0.00

$303

4.79% p.a.

4.85% p.a.

$0.00

$903

3.09% p.a.

3.15% p.a.

$0.00

$903

3.09% p.a.

3.15% p.a.

$0.00

$903

Fixed Package Home Loan

Home loan repayments calculator

years

Product Fixed 3 year rate Comparison Rate Service fee Upfront fee Monthly repayments ‡

1.89% p.a.

3.47% p.a.

$395.00 yearly

$303

1.89% p.a.

3.84% p.a.

$395.00 yearly

$303

1.89% p.a.

3.54% p.a.

$395.00 yearly

$303

2.09% p.a.

3.85% p.a.

$395.00 yearly

$303

2.09% p.a.

3.92% p.a.

$395.00 yearly

$303

2.09% p.a.

4.21% p.a.

$395.00 yearly

$303

Variable Package Home Loan

Home loan repayments calculator

years

Product Rate Comparison Rate Service fee Upfront fee Monthly repayments ‡

3.43% p.a.

3.86% p.a.

$395.00 yearly

$303

3.53% p.a.

3.96% p.a.

$395.00 yearly

$303

3.93% p.a.

4.35% p.a.

$395.00 yearly

$303

4.39% p.a.

4.80% p.a.

$395.00 yearly

$303

3.99% p.a.

4.41% p.a.

$395.00 yearly

$303

3.89% p.a.

4.31% p.a.

$395.00 yearly

$303

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?

Mozo users have rated RACQ Bank home loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of home-loans
RACQ Bank home loans
Overall
7.2/10
Price
Features
Customer service
Convenience
Trust

6 Reviews

Recent RACQ Bank home loan reviews

RACQ Bank Home Loan review
Overall 8/10
Great bank to be with

The bank offers a comparative rate and a discount on insurance products as well.

Read full review

The bank offers a comparative rate and a discount on insurance products as well.

Price
8/10
Features
8/10
Customer service
10/10
Convenience
4/10
Trust
9/10
Less
Mark, Queensland, reviewed 24 days ago
RACQ Bank Mortgage Saver Special review
Overall 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 easy to contact and guided us through this process with prompt replies and clear information and instructions.

Read 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 6 months ago
RACQ Bank Home Loan review
Overall 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.

Read 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 7 months ago
RACQ Bank Mortgage Breaker (Choices Package) review
Overall 6/10
Okay.

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

Read 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 about 1 year ago
RACQ Bank Fixed Rate review
Overall 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.

Read 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 about 1 year ago

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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