RACQ Bank
Mortgage Breaker Owner Occupied
Our Mortgage Breaker Owner Occupier variable home loan gives you the flexibility to make unlimited additional repayments and have access to free redraw. You can also save on interest while having access to your money with our 100% offset account.
Home loansBank updated 10 Sept 2026
At a glance
- Variable (owner occ. P&I)
- 6.34% · 6.38% comparison
- Max LVR
- 90%
- Features
- offset, redraw, extra repayments
§ 01 — Rates · 6
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | Owner occupied · P&I | — | — | 8.73% | 8.78% | — |
| Variable | Owner occupied · P&I | — | ≤60% LVR | 6.34% | 6.38% | Available for new RACQ Bank home loans with an eligible LVR of ≤60% |
| Variable | Owner occupied · P&I | — | 60–70% LVR | 6.44% | 6.48% | Available for new RACQ Bank home loans with an eligible LVR between >60% to ≤70%. |
| Variable | Owner occupied · P&I | — | 70–80% LVR | 6.49% | 6.53% | Available for new RACQ Bank home loans with an eligible LVR between >70% to ≤80%. |
| Variable | Owner occupied · P&I | — | 80–90% LVR | 6.64% | 6.68% | Available for new RACQ Bank home loans with an eligible LVR between >80% to ≤90%. |
| VariableApplicable for new lending only. Existing members can switch to Mortgage Breaker Owner Occupier Special with a minimum of $20,000 in additional lending. | Owner occupied · P&I | — | >90.01% LVR | 6.84% | 6.88% | — |
§ 02 — Fees · 7
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Company / Trust - Borrower / Guarantor Party Fee Company Search and Review Fee | Event | $150 | — | Payable for each company or trust borrower / guarantor party on the loan. |
| Default Enforcement Expenses | Event | Varies | — | May apply if enforcement services are required as part of default administration. |
| Loan Document Fee - Top Up | Event | $350 | — | Payable for a further advance against existing security. Valuation fee at cost. |
| Substitution of Mortgage Security | Event | $350 | — | Per property. |
| Valuation Fee | Event | Varies | — | The cost of the first valuation for a new security is covered by RACQ Bank. Any additional valuation required on an existing security will be payable by the member at cost. |
| Discharge Fee | Exit | $300 | — | Payable for standard partial or full discharges. Fee charged per property. |
| Document Preparation and Settlement Fee | Upfront | $550 | — | Document Preparation and Settlement Fee includes the cost of title search, document preparation and settlement fees - document generation, distribution of documents, verification of returned document… |
§ 03 — Features
Offset accountRedrawExtra repaymentsInstant paymentsDigital banking
- · split loan
§ 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 10 Sept 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.