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RACQ Bank home loans

RACQ Bank has home loan rates starting from 0.79%.

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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.

Compare RACQ Bank home loans for June 2022

1 - 5 of 7
Name Product Interest Rate (p.a.) Comp. Rate p.a. Fees Monthly Payment

RACQ Bank Fixed Home Loan P&IIOHome 1Y Fixed≥ 5% Deposit

RACQ Bank Fixed Home Loan
  • App: $600
  • Ongoing: $0 p.a.
A fixed rate home loan that will safeguard borrowers from the rising interest rates for 1 year. Note that to be eligible for this loan you must be QLD resident.

RACQ Bank Mortgage Breaker Home Loan P&IInvestment≥ 10% Deposit

RACQ Bank Mortgage Breaker Home Loan
  • App: $600
  • Ongoing: $0 p.a.

RACQ Bank Green Home Loan P&IHome≥ 5% Deposit

RACQ Bank Green Home Loan
  • App: $0
  • Ongoing: $0 p.a.

RACQ Bank Mortgage Saver Special Home Loan P&IHome≥ 5% Deposit

RACQ Bank Mortgage Saver Special Home Loan
  • App: $0
  • Ongoing: $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 Investment Fixed P&IInvestment 2Y Fixed≥ 10% Deposit

RACQ Bank Investment Fixed
  • App: $600
  • Ongoing: $0 p.a.

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RACQ Bank key facts

  • RACQ Bank is a member-owned bank based in Queensland.
  • RACQ Bank offers home loan products for owner-occupiers and investors.
  • This lender also offers other financial products such as insurance, roadside assistance for motorists, loans and other financial products, plus further discounts for members.

RACQ Bank home loan features

Here are the key features and details you need to know about RACQ Bank's mortgage products.

Minimum depositIt 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 optionsSeveral 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.

How do I apply for a mortgage from RACQ Bank?

When applying for any home loan, you will need various documents to establish your identity, your financial situation, employment status and details about the property.


The following information is general in nature and applies to most home loans. There may be specific criteria that apply for this lender.

  • 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 Bank 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:

📄 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).

How to apply for a home loan

More lenders to compare

Check out Finder's main home loans guide if you want to compare more home loans from a range of lenders. Or you could try one of the following lenders:

  • ING. This online bank is part of the global, Dutch financial group of the same name.
  • Commonwealth Bank. The nation's largest bank has a large selection of home loans and a convenient banking app.
  • UBank. This online bank is actually owned by NAB.
  • Athena. This digital fintech lender offers low-rate mortgages and an entirely online, convenient service.
  • Tic:Toc. This lender's online application tool can process your mortgage application fast. Backed by the Bendigo and Adelaide Bank.
  • Bank of Queensland. Outside of the Big Four this is one of Australia's larger banks. BOQ owns Virgin Money.
  • HSBC. The local Australian banking arm of this international bank offers various home loans.

More guides on Finder

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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: https://www.finder.com.au/home-loans/construction-loans. Hope this helps!


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