RACQ Bank Mortgage Breaker (Choices Package)

This product is available in different versions. Pick the right version for you here.

The details shown below are for an owner occupier taking out a principal & interest loan between $150,000 and $249,999 with an LVR below 95%

The details shown below are for an owner occupier taking out a principal & interest loan between $250,000 and $499,999 with an LVR below 95%

The details shown below are for an owner occupier taking out a principal & interest loan of at least $500,000 with an LVR below 95%

The details shown below are for an investor taking out a principal & interest, interest only loan between $150,000 and $249,999 with an LVR below 90%

The details shown below are for an investor taking out a principal & interest, interest only loan between $250,000 and $499,999 with an LVR below 90%

The details shown below are for an investor taking out a principal & interest, interest only loan of at least $500,000 with an LVR below 90%

Choose the version of this loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR < 95%

    Loan: $150,000 $249,999

  • Owner Occupier (Principal & Interest)

    LVR < 95%

    Loan: $250,000 $499,999

  • Owner Occupier (Principal & Interest)

    LVR < 95%

    Loan: $500,000

  • Investor (Principal & Interest, Interest Only)

    LVR < 90%

    Loan: $150,000 $249,999

  • Investor (Principal & Interest, Interest Only)

    LVR < 90%

    Loan: $250,000 $499,999

  • Investor (Principal & Interest, Interest Only)

    LVR < 90%

    Loan: $500,000

4.10% p.a.

4.50% p.a.

$395.00 yearly

RACQ Bank Mortgage Breaker (Choices Package)

4.10% p.a.

4.50% p.a.

$395.00 yearly

3.70% p.a.

4.11% p.a.

$395.00 yearly

RACQ Bank Mortgage Breaker (Choices Package)

3.70% p.a.

4.11% p.a.

$395.00 yearly

3.60% p.a.

4.01% p.a.

$395.00 yearly

RACQ Bank Mortgage Breaker (Choices Package)

3.60% p.a.

4.01% p.a.

$395.00 yearly

4.56% p.a.

4.95% p.a.

$395.00 yearly

RACQ Bank Mortgage Breaker (Choices Package)

4.56% p.a.

4.95% p.a.

$395.00 yearly

4.16% p.a.

4.56% p.a.

$395.00 yearly

RACQ Bank Mortgage Breaker (Choices Package)

4.16% p.a.

4.56% p.a.

$395.00 yearly

4.06% p.a.

4.46% p.a.

$395.00 yearly

RACQ Bank Mortgage Breaker (Choices Package)

4.06% p.a.

4.46% p.a.

$395.00 yearly

Details

Rates and fees information correct as at 20 November 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 4.10% p.a.

  • n/a

  • n/a

  • n/a

  • 4.50% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $395.00 yearly

  • $297.00

Other financial bits
  • $150,000

  • $249,999

  • none

  • 95.00%

Features
  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $0.00

  • yes

  • yes

  • none

  • Package benefits include no annual fee on a Platinum Rewards Credit Card and additional interest on term deposits.

  • none

*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.

Details

Rates and fees information correct as at 20 November 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 3.70% p.a.

  • n/a

  • n/a

  • n/a

  • 4.11% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $395.00 yearly

  • $297.00

Other financial bits
  • $250,000

  • $499,999

  • none

  • 95.00%

Features
  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $0.00

  • yes

  • yes

  • none

  • Package benefits include no annual fee on a Platinum Rewards Credit Card and additional interest on term deposits.

  • none

*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.

Details

Rates and fees information correct as at 20 November 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 3.60% p.a.

  • n/a

  • n/a

  • n/a

  • 4.01% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $395.00 yearly

  • $297.00

Other financial bits
  • $500,000

  • none

  • none

  • 95.00%

Features
  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $0.00

  • yes

  • yes

  • none

  • Package benefits include no annual fee on a Platinum Rewards Credit Card and additional interest on term deposits.

  • none

*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.

Details

Rates and fees information correct as at 20 November 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 4.56% p.a.

  • n/a

  • n/a

  • n/a

  • 4.95% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $395.00 yearly

  • $297.00

Other financial bits
  • $150,000

  • $249,999

  • none

  • 90.00%

Features
  • Investor

  • Principal & Interest, Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • no

  • none

  • yes

  • yes (for principal & interest loans only)

  • none

  • Package benefits include no annual fee on a Platinum Rewards Credit Card and additional interest on term deposits.

  • none

*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.

Details

Rates and fees information correct as at 20 November 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 4.16% p.a.

  • n/a

  • n/a

  • n/a

  • 4.56% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $395.00 yearly

  • $297.00

Other financial bits
  • $250,000

  • $499,999

  • none

  • 90.00%

Features
  • Investor

  • Principal & Interest, Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • no

  • none

  • yes

  • yes (for principal & interest loans only)

  • none

  • Package benefits include no annual fee on a Platinum Rewards Credit Card and additional interest on term deposits.

  • none

*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.

Details

Rates and fees information correct as at 20 November 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 4.06% p.a.

  • n/a

  • n/a

  • n/a

  • 4.46% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $395.00 yearly

  • $297.00

Other financial bits
  • $500,000

  • none

  • none

  • 90.00%

Features
  • Investor

  • Principal & Interest, Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • no

  • none

  • yes

  • yes (for principal & interest loans only)

  • none

  • Package benefits include no annual fee on a Platinum Rewards Credit Card and additional interest on term deposits.

  • none

*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.

Customer Reviews

How are RACQ Bank home loans rated by the Mozo community?

Overall customer rating
8.5/10
Price
8.0/10
Features
7.0/10
Customer service
8.5/10
Convenience
9.5/10
Trust
9.5/10

Latest reviews of RACQ Bank Mortgage Breaker (Choices Package)

  • Overall
    1/10
    Different to other banks... in a bad way!

    QTMB promised to be different to the other banks and I was surprised to how different they...

    QTMB promised to be different to the other banks and I was surprised to how different they were! 1. They miscalculated interest on both of my home loans. They were charging interest almost 1% higher than their advertised rate. 2. They didn't give provide their advertised introductory rate to new loans unless you ask them repetitively and identify that they are overcharging customers. 3. Pre-approval for loans means nothing! I got pre-approval for three loans. So after establishing two loans to refinance and buying a block of land I assumed the pre-approved construction loan would be a given. Nope! New and exciting conditions rendered construction finance impossible. 4. They cannot be trusted. At least with other banks I could trust their calculations, advertisements and pre-approvals. I did find that their customer service was reasonable but I've had to mark them down due to the trustworthiness issue I have with them as a whole.

    Price
    3/10
    Features
    2/10
    Customer service
    1/10
    Convenience
    0/10
    Trust
    0/10

    Brad | Queensland

    reviewed about 6 years ago

  • Overall
    7/10
    Great customer service

    The staff are friendly and easy to deal with. Everything is no hassle. Great customer service.

    The staff are friendly and easy to deal with. Everything is no hassle. Great customer service.

    Price
    6/10
    Features
    8/10
    Customer service
    8/10
    Convenience
    4/10
    Trust
    6/10

    Name not supplied | Queensland

    reviewed about 6 years ago

  • Overall
    10/10
    Great customer service, great value for teachers!

    I've had home loans with other banks, but have made the final transfer to QTMB. I've been a...

    I've had home loans with other banks, but have made the final transfer to QTMB. I've been a member with them for 20 years now, and the benefits I get for being a teacher and having my home loan there are amazing! Less fees and charges, savings on my home and car insurance. Plus the Home Loan manager and her staff at Loganholme are super friendly and helpful. They made the whole process very stress free!

    Price
    8/10
    Features
    8/10
    Customer service
    10/10
    Convenience
    9/10
    Trust
    10/10

    Name not supplied | Queensland

    reviewed over 6 years ago

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3.24% p.a. variable

3.28% p.a.

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$520

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2.84% p.a. variable

2.84% p.a.

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3.28% p.a.

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Back to Basics

3.03% p.a. variable

3.04% p.a.

$0

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3.19% p.a. variable

3.23% p.a.

$0

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RateSaver (Fixed)

3.49% p.a.
fixed 3 years

3.90% p.a.

$500

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CUA

CUA

Achieve Variable Home Loan

3.20% p.a. variable

3.25% p.a.

$835

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Smart Home Loan

2.88% p.a. variable

2.90% p.a.

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UBank

UBank

UHomeLoan - Discount Offer

2.84% p.a. variable

2.84% p.a.

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Suncorp

Suncorp

Back to Basics

3.03% p.a. variable

3.04% p.a.

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ANZ

ANZ

Simplicity PLUS

3.24% p.a. variable

3.28% p.a.

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UBank

UBank

UHomeLoan - Discount Offer

2.84% p.a.

2.84% p.a.

$0

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Smart Home Loan

2.88% p.a.

2.90% p.a.

$520

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Athena

Athena

Variable Home Loan

2.84% p.a.

2.80% p.a.

$0

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ANZ

ANZ

Simplicity PLUS

3.24% p.a.

3.28% p.a.

$0

Promoted

Suncorp

Suncorp

Back to Basics

3.03% p.a.

3.04% p.a.

$0

Promoted

Newcastle Permanent

Newcastle Permanent

Real Deal Home Loan

3.19% p.a.

3.23% p.a.

$0

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CUA

CUA

Achieve Variable Home Loan

3.20% p.a.

3.25% p.a.

$835

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Variable Home Loan

2.84% p.a.

2.85% p.a.

$0

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UHomeLoan (Fixed)

2.69% p.a.
fixed 3 years

3.19% p.a.

$395

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Fixed Home Loan

2.99% p.a.
fixed 3 years

3.27% p.a.

$520

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Suncorp

Suncorp

Fixed Home Loan (Home Package Plus)

2.89% p.a.
fixed 3 years

3.70% p.a.

$0

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Fixed Rate (Breakfree Package)

2.98% p.a.
fixed 3 years

4.06% p.a.

$0

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Queensland Country Credit Union

RateSaver (Fixed)

3.49% p.a.
fixed 3 years

3.90% p.a.

$500

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IMB Bank

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Fixed Home Loan

2.84% p.a.
fixed 3 years

3.44% p.a.

$799

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UHomeLoan (1 Year Fixed)

n/a

n/a

$395

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CUA

CUA

Fixed Rate Loan

2.98% p.a.
fixed 3 years

4.29% p.a.

$835

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Smart Home Loan

2.88% p.a.

2.90% p.a.

$0.00

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UBank

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UHomeLoan - Discount Offer

2.84% p.a.

2.84% p.a.

$0.00

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Athena

Athena

Variable Home Loan

2.84% p.a.

2.80% p.a.

$0.00

Promoted

ANZ

ANZ

Simplicity PLUS

3.24% p.a.

3.28% p.a.

$0.00

Promoted

CUA

CUA

Achieve Variable Home Loan

3.20% p.a.

3.25% p.a.

$0.00

Promoted

Newcastle Permanent

Newcastle Permanent

Real Deal Home Loan

3.19% p.a.

3.23% p.a.

$0.00

Promoted

Tic:Toc

Tic:Toc

Variable Home Loan

2.84% p.a.

2.85% p.a.

$0.00

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IMB Bank

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Budget Home Loan

3.13% p.a.

3.19% p.a.

$0.00

*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.