Important disclosure

RACQ Bank

Fair Dinkum Home Loan

  • Owner Occupied
  • Variable
  • 40% min deposit
  • P&I
Interest Rate

5.89%

p.a

Comparison Rate*

5.89%

p.a

Real Time Rating™
Tags
  • Owner Occupied
  • Variable
  • 40% min deposit
  • P&I
Interest Rate

5.89%

p.a

Comparison Rate*

5.89%

p.a

Monthly Repayment

$3,188

based on $500,000 loan amount for 25 years at 5.89%

Calculate your repayments for this loan

$

Your estimated repayment

$3,188

based on $500,000 loan amount for 25 years at 5.89%

Pros and cons

For Fair Dinkum Home Loan (Principal & Interest) (LVR < 60%)

Benefits

  • Interest rates ranked in the best 20%
  • No upfront or ongoing fees
  • Split account option

Drawbacks

  • No redraw and no offset
  • Discharge fee at end of loan
  • Maximum loan amount is limited to 60% of the property's value
  • No repayment holidays

RACQ Bank Variable Rate Home loan overview

For Fair Dinkum Home Loan (Principal & Interest) (LVR < 60%)

Details

Maximum LVR

60%

Total Repayments

Interest rate type

Variable

Borrowing range

Suitable for

Owner Occupiers

Loan term range

1 - 30 years

Repayment type

Principal and Interest

Applicable states

QLD

Repayment options

Fortnightly, Monthly, Weekly

Target Market Determination

Visit RACQ Bank to view Target Market Determination.

Features

Extra repayments

Unlimited

Redraw facility

Split interest facility

Loan portability

Repayment holiday available

Allow guarantors

Available for first home buyers

Other benefits

Fees

Total estimated upfront fees

$0

Application fee

$0

Valuation fee

$0

Settlement fee

$0

Other upfront fee

$0

Ongoing fee

$0

Discharge fee

$165

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FAQs

What is the minimum amount you can apply for?

The range you can borrow from this loan is $20k to $2,000,000.

What's the minimum deposit needed for this loan?

This loan option comes with a maximum loan-to-value ratio of 60 percent, which means it requires a minimum deposit of 40 percent

What's the maximum length for this loan?

RACQ Bank allows you to have this loan for a range of 1 to 30 years.

How often can you make repayments?

RACQ Bank allows you to make repayments to this loan option through one of the following repayment schedules: fortnightly, monthly, weekly.

How much will the upfront fees be for this loan?

While it could change based on your circumstances, RateCity estimates that this loan option comes with $0 worth of upfront fees.

Does this loan come with a redraw facility?

No, this loan doesn't come with a redraw facility.

How do you apply for this loan?

To apply for this loan, please contact RACQ Bank.

Can a broker help me with this loan?

Yes, this RACQ Bank loan is available through a broker. Find a broker to help you with your needs.