RACQ Bank is a member-owned bank that offers a range of home loans for Australian borrowers. Check out the full table of RACQ Bank products below or read more about the lender.
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How we picked theseHere are the key features and details you need to know about RACQ Bank's mortgage products.
| Feature | Details |
|---|---|
| Minimum deposit | It is possible to get a home loan from RACQ Bank with a deposit as low as 5%. |
| Offset account? | You can get an offset account with several RACQ Bank loans. |
| Repayment options | Several RACQ Bank home loans allow you to make interest-only repayments for a limited period. The lender also offers the standard principal-and-interest repayments on its loans. |
📄 Property details. You can start a loan enquiry before you've bought a property. But to complete an application you need the address of the property and a signed contract of sale.
📄 Identification documents. You will need identification such as a driver's licence, passport or birth certificate.
📄 Proof of income documents. Recent payslips can establish your income.
📄 Asset and liability documents. You need to provide documents showing your current assets (savings accounts, investments) and liabilities (your outstanding debt).
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What is an offset account? It can save you thousands in interest and help you own your home sooner.
Does RACQ Bank Mortgage Saver Special Home Loan allow for Construction purpose?
Hi Anonymous,
Thank you for reaching out to finder.
The Racq bank home loans are specific to buying a new house or moving into one. If you wish to check on lenders that offer home loans with construction options, please click here: https://www.finder.com.au/home-loans/construction-loan-comparison. Hope this helps!
Cheers,
Reggie