RACQ Bank home loan rates

73 advertised rate lines across 20 products, published by RACQ Bank under the Consumer Data Right. Read yesterday. No lender pays to be listed.

Where it sits

5.89% RACQ Bank, lowest open
5.84% The benchmark
0.05pp higher

The benchmark is the rate at which a third distinct lender appears in the sorted list. It is not the lowest rate anyone publishes. Anchoring on the lowest would put a green loan or a veterans' rate under the whole market, and name a difference nobody can capture.

Both figures are advertised rates for a new customer. The discount a broker negotiates is published nowhere and is not in either number. Read your own rate against this.

Owner-occupied, principal and interest

ProductTypeLVR RateComparison
Fair Dinkum Home Loan variable 0.01–60% 5.89–6.14% 5.89–6.14%
Mortgage Saver Home Loan variable 0.01–60% 5.99–6.24% 6.03–6.28%
Mortgage Breaker Owner Occupied variable 0.01–60% 6.09–6.34% 6.13–6.38%
Fair Dinkum Home Loan variable 60.01–70% 6.24% 6.24%
Fair Dinkum Home Loan variable 70.01–80% 6.29% 6.29%
Mortgage Saver Home Loan variable 60.01–70% 6.34% 6.38%
Mortgage Saver Home Loan variable 70.01–80% 6.39% 6.43%
Mortgage Breaker Owner Occupied variable 60.01–70% 6.44% 6.48%
Fair Dinkum Home Loan variable 80.01–90% 6.44% 6.44%
Mortgage Breaker Owner Occupied variable 70.01–80% 6.49% 6.53%
Mortgage Saver Home Loan variable 80.01–90% 6.54% 6.58%
Mortgage Breaker Owner Occupied variable 80.01–90% 6.64% 6.68%
Fair Dinkum Home Loan variable 90.01–∞% 6.64% 6.64%
1 Year Fixed Home Loan Owner Occupier fixed 1y 0.01–90% 6.69% 6.55–6.78%
Mortgage Saver Home Loan variable 90.01–∞% 6.74% 6.78%
3 Year Fixed Home Loan Owner Occupier fixed 3y 0.01–90% 6.74% 6.61–6.78%
2 Year Fixed Home Loan Owner Occupier fixed 2y 0.01–90% 6.74% 6.58–6.78%
Mortgage Breaker Owner Occupied variable 90.01–∞% 6.84% 6.88%
5 Year Fixed Home Loan Owner Occupier fixed 5y 0.01–90% 6.94% 6.73–6.87%
1 Year Fixed Home Loan Owner Occupier fixed 1y 90.01–∞% 7.19% 6.83%
3 Year Fixed Home Loan Owner Occupier fixed 3y 90.01–∞% 7.24% 6.93%
2 Year Fixed Home Loan Owner Occupier fixed 2y 90.01–∞% 7.24% 6.89%
5 Year Fixed Home Loan Owner Occupier fixed 5y 90.01–∞% 7.44% 7.10%
Mortgage Saver Home Loan variable — 7.69% 7.74%
Mortgage Breaker Owner Occupied variable — 8.73% 8.78%

Where a rate is shown as a range, RACQ Bank published more than one under conditions it stated identically — same product, same term, same band, same loan size. Nothing published says which of them applies, so this does not guess.

Investment, principal and interest

ProductTypeLVR RateComparison
Fair Dinkum Investment Home Loan variable 0.01–60% 6.09–6.34% 6.09–6.34%
Mortgage Breaker Investment variable 0.01–60% 6.29–6.54% 6.33–6.58%
Fair Dinkum Investment Home Loan variable 60.01–70% 6.44% 6.44%
Fair Dinkum Investment Home Loan variable 70.01–80% 6.49% 6.49%
Mortgage Breaker Investment variable 60.01–70% 6.64% 6.68%
Fair Dinkum Investment Home Loan variable 80.01–90% 6.64% 6.64%
Mortgage Breaker Investment variable 70.01–80% 6.69% 6.73%
Mortgage Breaker Investment variable 80.01–90% 6.84% 6.88%
Fair Dinkum Investment Home Loan variable 90.01–∞% 6.84% 6.84%
1 Year Fixed Home Loan Investment fixed 1y 0.01–90% 6.89% 6.84–7.07%
2 Year Fixed Home Loan Investment fixed 2y 0.01–90% 6.94% 6.86–7.06%
3 Year Fixed Home Loan Investment fixed 3y 0.01–90% 6.94% 6.88–7.06%
Mortgage Breaker Investment variable 90.01–∞% 7.04% 7.08%
5 Year Fixed Home Loan Investment fixed 5y 0.01–90% 7.14% 6.99–7.13%
1 Year Fixed Home Loan Investment fixed 1y 90.01–∞% 7.39% 7.12%
2 Year Fixed Home Loan Investment fixed 2y 90.01–∞% 7.44% 7.17%
3 Year Fixed Home Loan Investment fixed 3y 90.01–∞% 7.44% 7.20%
5 Year Fixed Home Loan Investment fixed 5y 90.01–∞% 7.64% 7.36%
Mortgage Breaker Investment variable — 9.29% 9.34%

Where a rate is shown as a range, RACQ Bank published more than one under conditions it stated identically — same product, same term, same band, same loan size. Nothing published says which of them applies, so this does not guess.

Investment, interest only

ProductTypeLVR RateComparison
Mortgage Breaker Investment Interest Only variable 0.01–60% 6.29–6.54% 6.33–6.58%
Mortgage Breaker Investment Interest Only variable 60.01–70% 6.64% 6.68%
Mortgage Breaker Investment Interest Only variable 70.01–80% 6.69% 6.73%
Mortgage Breaker Investment Interest Only variable 80.01–90% 6.84% 6.88%
1 Year Fixed Home Loan Investment Interest Only fixed 1y 0.01–90% 6.89% 6.84–7.07%
2 Year Fixed Home Loan Investment Interest Only fixed 2y 0.01–90% 6.94% 6.86–7.06%
3 Year Fixed Home Loan Investment Interest Only fixed 3y 0.01–90% 6.94% 6.88–7.06%
5 Year Fixed Home Loan Investment Interest Only fixed 5y 0.01–90% 7.14% 6.99–7.13%
Mortgage Breaker Investment Interest Only variable — 9.29% 9.34%

Where a rate is shown as a range, RACQ Bank published more than one under conditions it stated identically — same product, same term, same band, same loan size. Nothing published says which of them applies, so this does not guess.

Left out of the figures above

ProductWhy it is outRate
Green Home Loan Investment Eligibility 2.79%
Green Home Loan Eligibility 2.79%

The data says a product is restricted. It never says whether you qualify. On the comparison every one of these can be put back with a click, and every figure is worked out again.

What changed

RACQ Bank last moved a rate line on Thursday 10 September. Every line is read each morning and has come back the same since.

Every lender that publishes rates, and every rate move since capture began.

Does this look wrong? or could it be better

Two different things go wrong here and they are fixed in different places. If a rate on this page does not match what RACQ Bank told you, it is usually one of these.

The published data is wrong

RACQ Bank publishes these rates itself, under the Consumer Data Right. Nobody here types them in and nothing here can correct them at the source — if the feed is wrong, every comparison site reading it is wrong in the same way. Reports about a data holder's feed go to the Consumer Data Right, and published-data quality is on the ACCC's enforcement list.

Everything identifying the feed is filled in below. The one part left is what you saw.

Consumer Data Right — Product Reference Data quality

Data holder brand: RACQ Bank
ABN: 83087651054
Product Reference Data endpoint: https://cdrbank.racq.com.au
Data read from that endpoint on: Saturday 12 September
Rate lines published at that time: 73

What appears to be wrong:
[describe what you checked, and what the published data says]

This data is published under the Product Reference Data standard and is
available publicly, without authentication or a consumer consent.
Open the report form ↗

The form is run by the Consumer Data Right, not by this site. Nothing you type here is sent anywhere — the text above is yours to copy.

This page reads it wrongly

The rate is published correctly and this page has misread it: a band shown against the wrong loan type, a fee counted twice, a product that should be marked restricted and is not. That one is mine. Tell me and I will fix it, and say which lender so I can find the row.

Something is missing

A figure this page should show and does not, or a lender that should be here and is not. Same place. The data behind every page here is free to download if you would rather check it yourself first.

Free, and not advice. It knows only what the lender publishes, not what you could negotiate. A licensed broker does this for a living. What this site collects.

Building something with this? There is an API, and the data is free.

Found in the data: what lenders charge above 80% and the rate a fixed loan resets to.