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RACQ Bank home loans

Compare the home loan offers available from RACQ Bank.


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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?

More guides on Finder

Home Loan Offers

Important Information*
Logo for Westpac Flexi First Option Home Loan - Basic Variable Rate (Owner Occupier, P&I)
Westpac Flexi First Option Home Loan - Basic Variable Rate (Owner Occupier, P&I)

Up to $3,000 refinance cashback. A flexible and competitive variable rate loan. Eligible borrowers refinancing $250,000 or more can get $2,000 cashback per property plus a bonus $1,000 for their first application. Other conditions apply.

Logo for St.George Basic Home Loan - LVR 60% to 80% (Owner Occupier, P&I)
St.George Basic Home Loan - LVR 60% to 80% (Owner Occupier, P&I)

Up to $4,000 refinance cashback. A competitive variable rate loan from St.George. Refinancers borrowing $250,000 or more can get $4,000 cashback (Other terms, conditions and exclusions apply).

Logo for Athena Liberate Home Loan - 70% to 80% LVR Owner Occupier, P&I
Athena Liberate Home Loan - 70% to 80% LVR Owner Occupier, P&I

A competitive variable rate mortgage for owner occupiers $0 application and $0 ongoing fees. This interest rate falls over time as you pay off the loan.

Logo for UBank UHomeLoan Variable Rate - Discount Offer for Owner Occupiers, Variable P&I Rate
UBank UHomeLoan Variable Rate - Discount Offer for Owner Occupiers, Variable P&I Rate

Take advantage of a low-fee mortgage with a special interest rate of just 2.49% p.a. and a 2.49% p.a. comparison rate.

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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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