RACQ BankHome Loan Overdraft
Our Home Loan Overdraft is a variable rate secured overdraft product for residential purposes.
At a glance
- Variable
- 9.25%
- Loan size
- $20,000 to no maximum
- Upfront fee
- $550
How it compares
This overdraft 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.
Lowest advertised rate open to anyone, including lines of credit secured against a home. One dot per institution, at its lowest personal overdraft or line of credit rate anyone can apply for; hover or tap a dot for its name.
| Rate | This overdraft | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| Personal overdraft or line of creditLowest advertised rate open to anyone, including lines of credit secured against a home | 9.25% | 7.49%Police Credit Union Limited's Allegro Line of Credit | 9.25%of 15 institutions | 8th lowest of 15 |
Rates
The one rate RACQ Bank publishes for this overdraft.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | Owner occupied, Interest only | - | - | 9.25% | - | - |
Rate changes
One change logged, newest first.
| Date | Rate | Was | Now | Change |
|---|---|---|---|---|
| 13 Oct 2026 | Variable, Owner occupied, Interest only | 9.00% | 9.25% | 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
23 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 you make a transaction5
- Overseas Telegraphic Transfer in Australian Dollars
Transfer of funds to an overseas bank in AUD rather than local currency. Overseas banks, including the agent bank, may charge a handling fee. Check supplied details.
$60 - Overseas Telegraphic Transfer in Local Currency
Transfer of funds to an overseas bank in the currency used locally. Overseas banks, including the agent bank, may charge a handling fee. Check supplied details.
$30 - Telegraphic Transfer - Outward (within Australia)
Funds transferred via the SWIFT network to another financial institution within Australia for same day payment (also known as a Wire or RTGS payment).
$35 - Foreign currency conversion fee
For any transaction made overseas or in a foreign currency, a fee of 2.75% of the total transaction value (in Australian Dollars) will be charged. The fee applies to: • Transactions made physically o…
275.00% of transaction - Cash Request
Cash withdrawals of more than $5,000 require 24 hours' notice. Cash delivery charges, levied by the cash provider to RACQ Bank, are passed on at cost for large withdrawals. The charge is determined a…
Varies
If a payment is late or fails3
- Bank@Post Cheque Dishonour
If you deposit a cheque via Bank@Post and it is dishonoured, a fee will be directed to your account. This fee is then refunded by RACQ Bank.
Varies - Dishonour - Manual
Dishonour at member's request.
$22 - Dishonour
Where a Cheque or Direct Debit is not honoured. For example, a payment would be dishonoured if you do not have sufficient available funds in your account.
$1
When particular things happen12
- Audit Certificate
A certificate for Audit purposes. Fee charged per certificate.
$25 - Bank Recall
A request to attempt to recall funds transferred to another account.
$20 - Bank Trace
A request to trace the origin or final destination of funds either sent to or from your account.
$20 - Card / PIN Postage (International)
Charged when your mailing address is outside of Australia and a card or PIN is mailed.
Varies - Card / PIN via Courier (International)
Charged when a card and/or PIN has been requested to be sent via courier to an address outside of Australia. Charged at cost in line with the international courier's charge.
Varies - Card / PIN via Courier (within Australia)
Charged when a card and/or PIN has been requested to be sent via courier to an address within Australia. Fee charged per item sent.
$30 - 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 - 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 - Visa Chargeback
Charged when a Visa Debit transaction is disputed. Refunded if transaction deemed fraudulent.
$27.50 - Emergency Replacement Card through Visa (International)
Charged when an emergency replacement card has been requested through VISA outside of Australia.
$300
When you close it or pay it off1
- Discharge Fee
Payable for standard partial or full discharges. Fee charged per property.
$300
Other fees1
- Substitution of Mortgage Security
Per property.
$350
Features
Eligibility and limits
- Minimum age 18
- Residency: 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.