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RACQ Bank home loans

Compare the home loan offers available from RACQ Bank.



On this page you can find information about RACQ home loans. Skip ahead to the full table of products or read more about the lender.

Compare RACQ home loans

Compare RACQ home loan products below and hit "load more" to see a fuller selection of loans. "Go to site" will direct you to RACQ’s website for the product you selected. You can also find more information on each individual product by clicking "more info".

Data indicated here is updated regularly
Loan purpose
Offset account
Loan type
Repayment type
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Name Product Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment Short Description
RACQ Bank Mortgage Saver Special Home Loan
$0 p.a.
A low deposit mortgage with a competitive rate and plenty of flexibility. QLD residents only. Eligible borrowers can get a 15% discount on home and contents insurance for the life of their loan.
RACQ Bank Choices Package Fixed Loan - 3 Year $150k+ (Investor)
$395 p.a.
RACQ Bank Choices Package Fixed Loan - 1 Year $150k+ (Owner Occupier)
$395 p.a.
Ideal for borrowers who wants security with repayments. Note that to be eligible for this loan you must be QLD resident.

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RACQ lender profile

  • RACQ Bank started life as the Queensland Teachers' Credit Union in 1965. This institution became the QT Mutual Bank in 2011 and then finally RACQ.
  • RACQ is a member-owned bank and offers insurance, roadside assistance for motorists, loans and other financial products, plus further discounts for members.
  • RACQ has branches across Queensland. Some of their lending specialists can even come to you (if you're living in certain parts of Queensland).

RACQ mortgage features

RACQ has multiple home loans for investors and owner occupiers, with fixed and variable rates.

Deposit sizeYou can borrow up to 95% with the RACQ Mortgage Saver Special.
Split rateMost variable RACQ mortgages allow you to split your loan into fixed and variable portions.
RedrawThere is a redraw facility on most RACQ products.
Membership benefitsTaking out a mortgage with RACQ makes you a member of the bank. This entitles you to certain discounts on entertainment, dining and lifestyle spending. Depending on the product, an RACQ mortgage could also come with discounts on home and contents insurance.

How do I apply for a RACQ mortgage?

Clicking "Go to Site" on RACQ's comparison table will start your application process and redirect you through to RACQ’s website.


Each RACQ product have specific eligibility criteria but some will apply to all products. For example:

  • Age. You must be over 18 years of age.
  • Residency. You should be a resident of Australia.
  • Employment. You should have a regular source of income.

Documents required

When you apply for a mortgage with RACQ you are required to provide certain information so make sure you have all your documents ready before you apply. The documents you will be expected to provide are:

  • Identification documents. You will need identification such as a driver's license, 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).

Detailed guide to home loan applications and paperwork

Looking for more mortgage options?

Home Loan Offers

Important Information*
Logo for UBank UHomeLoan Variable Rate - Discount offer for Owner Occupiers, P&I Borrowing over $200,000
UBank UHomeLoan Variable Rate - Discount offer for Owner Occupiers, P&I Borrowing over $200,000

Take advantage of a low-fee mortgage with a special interest rate of just 2.59% p.a. and a 2.59% p.a. comparison rate.

Logo for HSBC Home Value Loan - Promotional Offer (Owner Occupier P&I)
HSBC Home Value Loan - Promotional Offer (Owner Occupier P&I)

Get a low interest rate loan with no ongoing fees. Plus you can make extra repayments and free redraw online.

Logo for ME Flexible Home Loan Fixed with Members Package - 2 Year Fixed Rate LVR <= 80% (Owner Occupier, P&I)
ME Flexible Home Loan Fixed with Members Package - 2 Year Fixed Rate LVR <= 80% (Owner Occupier, P&I)

Lock in a competitive rate for owner occupiers for two years. Comes with a 100% offset account.

Logo for Suncorp Back to Basics Home Loan - Better Together Special Offer $150k+ LVR<=90% Incl. LMI (Owner Occupier, P&I)
Suncorp Back to Basics Home Loan - Better Together Special Offer $150k+ LVR<=90% Incl. LMI (Owner Occupier, P&I)

Get one free online redraw per month and pay no ongoing fees. Application fees are waived for loans above $150,000. Refinance to an eligible Suncorp loan and get a cashback of $2,000 or $3,000, depending on your loan amount. Other conditions apply.

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2 Responses

  1. Default Gravatar
    AnonymousJanuary 7, 2019

    Does RACQ Bank Mortgage Saver Special Home Loan allow for Construction purpose?

    • Avatarfinder Customer Care
      JohnJanuary 7, 2019Staff

      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: Hope this helps!


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