RACQ Bank
Commercial Loan Principal and Interest
Our Commercial Loan (P&I) is a variable rate loan for commercial purposes.
Business loansBank updated 19 May 2026
At a glance
- Variable
- 9.88%
- Loan size
- $20,000 to no maximum
- Upfront fee
- $1,100
§ 01 — Rates · 2
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariableInterest rate applicable for residential security. | Investment · P&I | — | — | 9.88% | — | — |
| VariableInterest rate applicable for commercial security. | Investment · P&I | — | — | 10.88% | — | — |
§ 02 — Fees · 6
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Default Enforcement Expenses | Event | Varies | — | May apply if enforcement services are required as part of default administration. |
| Mortgage Top Up Fee | Event | $450 | — | Payable for a further advance against existing security. Valuation fee at cost. |
| Substitution of Mortgage Security | Event | $350 | — | Per property. |
| Valuation Fee | Event | Varies | — | RACQ Bank will cover up to $400 of the valuation cost on a new security, any cost above this is payable by the member. Any additional valuation required on an existing security will be payable at cos… |
| Discharge Fee | Exit | $300 | — | Payable for standard partial or full discharges. Fee charged per property. |
| Establishment Fee | Upfront | $1,100 | — | Payable to establish the loan. Includes: valuation fee up to $400, title search, company/ trust-borrower/ guarantor party fee, document preparation and settlement fees - document generation, distribu… |
§ 03 — Features
Instant paymentsDigital banking
§ 04 — Eligibility & limits
- · Minimum age 18
- · Residency: Must be an Australian Resident
- · Available to individuals
- · Amount $20,000 to no maximum
§ 06 — Run the numbers
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Published by RACQ Bank under the Consumer Data Right, last changed by them on 19 May 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.