RACQ BankMortgage 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.
At a glance
- Variable (owner occ. P&I)
- 6.59%6.63% comparison
- Max LVR
- 90%
- Features
- offset, redraw, extra repayments
How it compares
This home loan in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.
| Rate | This home loan | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| Variable home loanOwner occupier, principal & interest, 80% LVR | 6.74% | 5.93%SCCU's BROKER HOME LOAN | 6.38%of 104 institutions | 81st lowest of 104, level with 3 others |
Rates
Every rate RACQ Bank publishes for this home loan, 6 in all.
Variable rate by LVR
Owner occupier, principal and interest, the lowest rate published for each band of the loan's share of the property's value
- ≤60%6.59%
- 60–70%6.69%
- 70–80%6.74%
- 80–90%6.89%
- >90.01%7.09%
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | Owner occupied, P&I | - | - | 8.98% | 9.03% | - |
| Variable | Owner occupied, P&I | - | ≤60% LVR | 6.59% | 6.63% | Available for new RACQ Bank home loans with an eligible LVR of ≤60% |
| Variable | Owner occupied, P&I | - | 60–70% LVR | 6.69% | 6.73% | Available for new RACQ Bank home loans with an eligible LVR between >60% to ≤70%. |
| Variable | Owner occupied, P&I | - | 70–80% LVR | 6.74% | 6.78% | Available for new RACQ Bank home loans with an eligible LVR between >70% to ≤80%. |
| Variable | Owner occupied, P&I | - | 80–90% LVR | 6.89% | 6.93% | 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 | 7.09% | 7.13% | - |
Rate changes
6 changes logged, newest first.
| Date | Rate | Was | Now | Change |
|---|---|---|---|---|
| 13 Oct 2026 | Variable, Owner occupied, P&I | 8.73% | 8.98% | up 0.25 |
| 13 Oct 2026 | Variable, Owner occupied, P&I, ≤60% LVR | 6.34% | 6.59% | up 0.25 |
| 13 Oct 2026 | Variable, Owner occupied, P&I, 60–70% LVR | 6.44% | 6.69% | up 0.25 |
| 13 Oct 2026 | Variable, Owner occupied, P&I, 70–80% LVR | 6.49% | 6.74% | up 0.25 |
| 13 Oct 2026 | Variable, Owner occupied, P&I, 80–90% LVR | 6.64% | 6.89% | up 0.25 |
| 13 Oct 2026 | Variable, Owner occupied, P&I, >90.01% LVR | 6.84% | 7.09% | up 0.25 |
Each change is logged the night it appears in the rates RACQ Bank publishes. See how every lender answered the RBA on the rate tracker.
Fees
7 fees published, grouped by when they're charged.
- When you take it out$550Document Preparation and Settlement Fee
- While you hold itNo fee published
- When you close it or pay it off$300Discharge Fee
When you take it out1
- Document Preparation and Settlement Fee
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…
$550
When particular things happen5
- Company / Trust - Borrower / Guarantor Party Fee Company Search and Review Fee
Payable for each company or trust borrower / guarantor party on the loan.
$150 - Default Enforcement Expenses
May apply if enforcement services are required as part of default administration.
Varies - Loan Document Fee - Top Up
Payable for a further advance against existing security. Valuation fee at cost.
$350 - Substitution of Mortgage Security
Per property.
$350 - Valuation Fee
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.
Varies
When you close it or pay it off1
- Discharge Fee
Payable for standard partial or full discharges. Fee charged per property.
$300
Features
- split loan
Eligibility and limits
- Minimum age 18
- Residency: Must be an Australian Resident
- Available to individuals
- Amount from $20,000, no maximum
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Published by RACQ Bank under the Consumer Data Right, last changed by them on 13 Oct 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.