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.
We currently don't have that product, but here are others to consider:
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).
The Finder Score crunches 7,000 home loans across 120+ lenders. It takes into account the product's interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate - this gives you a simple score out of 10.
To provide a Score, we compare like-for-like loans. So if you're comparing the best home loans for cashback, you can see how each home loan stacks up against other home loans with the same borrower type, rate type and repayment type. We also take into consideration the amount of cashback offered when calculating the Score so you can tell if it's really worth it.
Read the full Finder Score breakdown
Finder's First Home Buyer Report explores the motivations, behaviours and values of Australians as they navigate one of the most expensive housing markets in the world. The report also tracks key trends that have emerged since Finder's previous report in 2022.
No one wants to spend years and years paying off what ends up being mostly interest. Here are several tips on how to pay off your home loan faster.
How much does the average Australian home buyer need to save for a house deposit?
Taking out a home loan can seem like a huge mountain to climb. But when you break it down into these 10 key steps, it becomes much easier.
Work out how much you need to earn to buy a house in any Australian suburb.
If you're over 55, use this guide to find out how to select the right mortgage for you.
Now that you've paid off your mortgage, find out how to finalise your home loan and where to invest your money next.
Some lenders will approve a home loan even though you’re not receiving a permanent income. However, you’ll need to undergo some assessments.
Most home loans will charge fees of one type or another. Read our guide and learn what you might be in for, rough estimates on how much each fee costs and some methods to avoid them.
Pensioners can have a tough time getting a home loan because each lender treats pension payments differently. Here are some tips you can use to find out whether or not you could get a home loan.
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