RACQ Bank Unsecured Personal Loan

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If you’re a Queenslander looking for a personal loan that’s tailored to your needs, look no further than the RACQ Bank Unsecured Personal Loan. With this flexible personal loan you’ll have the choice of weekly, fortnightly or monthly repayments and the option to borrow up to $60,000. And if you’re a credible borrower, you could have access to variable rates starting from 9.54% (9.83% comparison rate*).

Key features

Make your renovation or holiday dreams come true with the RACQ Bank Unsecured Personal Loan. If you’re a RACQ Bank member with excellent credit, you could receive the competitive 9.54% variable rate (9.83% comparison rate*), plus discounts just for being a member!

Make your repayments on a schedule that suits you best - weekly, fortnightly or monthly - or make as many extra repayments as you like with no penalty! Just remember there is no redraw facility, so you won’t be able to redraw any of your extra repayments. 

And though there is a $200 upfront fee to consider, the RACQ Unsecured Personal Loan comes with no exit or service fees.

Who is it good for

The RACQ Bank Unsecured Personal Loan is a great pick for borrowers in Queensland who value community banking and want to become a member of RACQ Bank.

Any catches

In order to apply for the RACQ Bank Unsecured Personal Loan, you will need to become a member. And while additional repayments are welcome, there is no option to redraw any of the money.