Important disclosure
Fixed Rate Home Loan - Owner Occupied (QLD only)
Cashback
Enjoy $2,000 cashback on new home loans and refinances over $500k. T&Cs apply. Refer to the RACQ Bank website ~ Ends in about 1 monthInterest Rate
5.34%
p.a
Fixed - 5 years
Comparison Rate*
6.11%
p.a
5.34%
p.a
Fixed - 5 years
6.11%
p.a
$0
based on $500,000 loan amount for 25 years at 5.34%
Fixed Rate Home Loan - Owner Occupied (QLD only)
Find your ideal home loan from one of the 10 home loans from RACQ Bank
Principal and Interest (P&I)
| Loan type | Loan to value ratio | Interest rate | Comparison rate | |
|---|---|---|---|---|
Fixed - 5 years | Up to 60% | 5.34% p.a. | 6.11% p.a. | Product Info |
Fixed - 5 years | Up to 70% | 5.44% p.a. | 6.16% p.a. | Product Info |
Fixed - 5 years | Up to 80% | 5.54% p.a. | 6.20% p.a. | Product Info |
Fixed - 3 years | Up to 60% | 5.34% p.a. | 6.30% p.a. | Product Info |
Fixed - 3 years | Up to 70% | 5.44% p.a. | 6.33% p.a. | Product Info |
Fixed - 3 years | Up to 80% | 5.54% p.a. | 6.36% p.a. | Product Info |
Fixed - 5 years | Up to 95% | 6.14% p.a. | 6.46% p.a. | Product Info |
Fixed - 3 years | Up to 95% | 6.14% p.a. | 6.53% p.a. | Product Info |
Fixed - 2 years | Up to 60% | 5.99% p.a. | 6.54% p.a. | Product Info |
Fixed - 2 years | Up to 70% | 6.09% p.a. | 6.56% p.a. | Product Info |
Interest only
| Loan type | Loan to value ratio | Interest rate | Comparison rate |
|---|
Promoted home loans
Promoted
Variable Rate Home Loan – Refinance Only
Gold Award Winner 2023
special
Receive an extra 0.01% p.a. discount every year, up to a maximum discount of 0.30% p.a.5.74%
p.a
Variable
5.65%
p.a
Promoted
Discount Variable
5.79%
p.a
Variable
5.81%
p.a
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 |
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 No | Split interest facility |
Loan portable | 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 |
- Cashback Enjoy $2,000 cashback on new home loans and refinances over $500k. T&Cs apply. Refer to the RACQ Bank website
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
