[Skip to the content](#main) [RateGap](/)every home loan rate lenders publish, compared # RACQ Bank home loan rates RACQ Bank's lowest advertised variable rate for a home you live in and pay down is **5.89%**, if you owe 0.01–60% of the home’s value. It was read Monday 2 November, and is 0.04 percentage points above the going rate of 5.85% across every lender. Its lowest fixed rate is 6.69%, fixed for one year. Have a loan with RACQ Bank? Compare your rate Loan balance ($) on your statement or in your banking app Your rate (%) not the comparison rate, which adds fees Compare my rate Since the Reserve Bank’s increase on Tuesday 29 September, RACQ Bank has not changed its lowest advertised variable rate, 5.89%, as at Monday 2 November. [After the Reserve Bank’s increase](/market/after-the-rba) has every lender. 73 advertised rates across 20 products, published by RACQ Bank under the Consumer Data Right. Last read Monday 2 November, yesterday. No lender pays to be listed. ## Where it sits 5.89% RACQ Bank, lowest variable rate if you owe 0.01–60% 5.85% The going rate 0.04 percentage points above the going rate The going rate is **the lowest rate at least three lenders reach**, so one lender's odd price cannot set it. Both are advertised new-customer rates. A negotiated discount is in neither. [Read your own rate against this](/?lender=79e00408-cb0e-ec11-a826-000d3a884a20). **Lowest variable rate, if you owe 0.01–60%**: 5.89% **Lowest fixed rate**: 6.69%, one year **Lowest comparison rate**: 5.89% **Rates published**: 73, across 20 products **Last rate move**: Tuesday 13 October **Last read**: Monday 2 November For a home you live in and pay down. The other loan types are in the tables below. Lenders set a different rate for each LVR band, shown as how much you owe. LVR is what you owe as a share of the home's value. ## Owner-occupied, principal and interest ### Variable - Fair Dinkum Home Loan · owe 0.01–60% · **5.89–6.39%** (5.89–6.39% with fees)- Mortgage Saver Home Loan · owe 0.01–60% · **5.99–6.49%** (6.03–6.53% with fees)- Mortgage Breaker Owner Occupied · owe 0.01–60% · **6.09–6.59%** (6.13–6.63% with fees)- Fair Dinkum Home Loan · owe 60.01–70% · **6.49%** (6.49% with fees)- Fair Dinkum Home Loan · owe 70.01–80% · **6.54%** (6.54% with fees)- Mortgage Saver Home Loan · owe 60.01–70% · **6.59%** (6.63% with fees)- Mortgage Saver Home Loan · owe 70.01–80% · **6.64%** (6.68% with fees)- Mortgage Breaker Owner Occupied · owe 60.01–70% · **6.69%** (6.73% with fees)- Fair Dinkum Home Loan · owe 80.01–90% · **6.69%** (6.69% with fees)- Mortgage Breaker Owner Occupied · owe 70.01–80% · **6.74%** (6.78% with fees)- Mortgage Saver Home Loan · owe 80.01–90% · **6.79%** (6.83% with fees)- Mortgage Breaker Owner Occupied · owe 80.01–90% · **6.89%** (6.93% with fees)- Fair Dinkum Home Loan · owe 90.01% or more · **6.89%** (6.89% with fees)- Mortgage Saver Home Loan · owe 90.01% or more · **6.99%** (7.03% with fees)- Mortgage Breaker Owner Occupied · owe 90.01% or more · **7.09%** (7.13% with fees)- Mortgage Saver Home Loan · **7.94%** (7.99% with fees)- Mortgage Breaker Owner Occupied · **8.98%** (9.03% with fees) ### Fixed - 1 Year Fixed Home Loan Owner Occupier · one year · owe 0.01–90% · **6.69%** (6.55–7.00% with fees)- 3 Year Fixed Home Loan Owner Occupier · three years · owe 0.01–90% · **6.74%** (6.61–6.96% with fees)- 2 Year Fixed Home Loan Owner Occupier · two years · owe 0.01–90% · **6.74%** (6.58–6.98% with fees)- 5 Year Fixed Home Loan Owner Occupier · five years · owe 0.01–90% · **6.94%** (6.73–7.01% with fees)- 1 Year Fixed Home Loan Owner Occupier · one year · owe 90.01% or more · **7.19%** (7.06% with fees)- 3 Year Fixed Home Loan Owner Occupier · three years · owe 90.01% or more · **7.24%** (7.11% with fees)- 2 Year Fixed Home Loan Owner Occupier · two years · owe 90.01% or more · **7.24%** (7.09% with fees)- 5 Year Fixed Home Loan Owner Occupier · five years · owe 90.01% or more · **7.44%** (7.24% with fees) 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 19 rates ### Variable - Fair Dinkum Investment Home Loan · owe 0.01–60% · **6.09–6.59%** (6.09–6.59% with fees)- Mortgage Breaker Investment · owe 0.01–60% · **6.29–6.79%** (6.33–6.83% with fees)- Fair Dinkum Investment Home Loan · owe 60.01–70% · **6.69%** (6.69% with fees)- Fair Dinkum Investment Home Loan · owe 70.01–80% · **6.74%** (6.74% with fees)- Mortgage Breaker Investment · owe 60.01–70% · **6.89%** (6.93% with fees)- Fair Dinkum Investment Home Loan · owe 80.01–90% · **6.89%** (6.89% with fees)- Mortgage Breaker Investment · owe 70.01–80% · **6.94%** (6.98% with fees)- Mortgage Breaker Investment · owe 80.01–90% · **7.09%** (7.13% with fees)- Fair Dinkum Investment Home Loan · owe 90.01% or more · **7.09%** (7.09% with fees)- Mortgage Breaker Investment · owe 90.01% or more · **7.29%** (7.33% with fees)- Mortgage Breaker Investment · **9.54%** (9.59% with fees) ### Fixed - 1 Year Fixed Home Loan Investment · one year · owe 0.01–90% · **6.89%** (6.84–7.29% with fees)- 2 Year Fixed Home Loan Investment · two years · owe 0.01–90% · **6.94%** (6.86–7.26% with fees)- 3 Year Fixed Home Loan Investment · three years · owe 0.01–90% · **6.94%** (6.88–7.23% with fees)- 5 Year Fixed Home Loan Investment · five years · owe 0.01–90% · **7.14%** (6.99–7.27% with fees)- 1 Year Fixed Home Loan Investment · one year · owe 90.01% or more · **7.39%** (7.35% with fees)- 2 Year Fixed Home Loan Investment · two years · owe 90.01% or more · **7.44%** (7.37% with fees)- 3 Year Fixed Home Loan Investment · three years · owe 90.01% or more · **7.44%** (7.38% with fees)- 5 Year Fixed Home Loan Investment · five years · owe 90.01% or more · **7.64%** (7.49% with fees) 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 9 rates ### Variable - Mortgage Breaker Investment Interest Only · owe 0.01–60% · **6.29–6.79%** (6.33–6.83% with fees)- Mortgage Breaker Investment Interest Only · owe 60.01–70% · **6.89%** (6.93% with fees)- Mortgage Breaker Investment Interest Only · owe 70.01–80% · **6.94%** (6.98% with fees)- Mortgage Breaker Investment Interest Only · owe 80.01–90% · **7.09%** (7.13% with fees)- Mortgage Breaker Investment Interest Only · **9.54%** (9.59% with fees) ### Fixed - 1 Year Fixed Home Loan Investment Interest Only · one year · owe 0.01–90% · **6.89%** (6.84–7.29% with fees)- 2 Year Fixed Home Loan Investment Interest Only · two years · owe 0.01–90% · **6.94%** (6.86–7.26% with fees)- 3 Year Fixed Home Loan Investment Interest Only · three years · owe 0.01–90% · **6.94%** (6.88–7.23% with fees)- 5 Year Fixed Home Loan Investment Interest Only · five years · owe 0.01–90% · **7.14%** (6.99–7.27% with fees) 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. ## Restricted to particular groups | Product | Who it is for | Rate | | --- | --- | --- | | Green Home Loan Investment | a particular group only, per its published conditions | 2.79% | | Green Home Loan | a particular group only, per its published conditions | 2.79% | The data says a product *is* restricted. It never says whether you would get it. 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 on **Tuesday 13 October**. Every rate is read each morning and has come back the same since. [Every lender that publishes rates](/lenders), and [every rate move since capture began](/data/history). ## Beside it Of 93 lenders with a variable rate anyone could take for a home you live in and pay down, 4 publish a lower one than RACQ Bank's 5.89%. The nearest either side: - [CommFCU](/lender/commfcu) 5.85% - [Mortgage House](/lender/mortgage-house) 5.89% - RACQ Bank 5.89% - [Homestar Finance Pty Ltd](/lender/homestar-finance-pty-ltd) 5.93% - [Broken Hill Bank](/lender/broken-hill-bank) 5.94% **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: Sunday 1 November 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. ``` Copy the report [Open the report form in a new tab ↗](https://forms.oaic.gov.au/forms/report) 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](/#fb), 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. [Tell me through the feedback box](/#fb). The data behind every page here is [free to download](/data) if you would rather check it yourself first. The other questions - [Are you paying more than you need to?](/) your rate against every lender publishing one- [How fast should you pay it off?](/paying-it-off) term, extra repayments, interest only- [Don't have a loan yet?](/buying) what to look at before you pick one- [What does each lender advertise?](/lenders) every lender that publishes rates, a page each- [What moved this week?](/market/changes-this-week) which lenders changed an advertised rate- [Where do these numbers come from?](/data) every published rate, and how fresh it is **Free, and not advice.** It knows only what the lender publishes, not what you could negotiate. A licensed broker does this for a living. [Who made this](/about). [What this site collects](/privacy). **More from the data** Building something with this? There is [an API](/api), and [the data is free](/data). This morning: [the market](/market), [variable rates](/market/variable-rates), [fixed rates](/market/fixed-rates) and [what moved this week](/market/changes-this-week). Found in the data: [what lenders charge above 80%](/research/lvr-bands), [the rate a fixed loan rolls onto](/research/revert-rates) and [what a comparison rate adds](/research/comparison-rates). Also [what an offset costs](/research/offset-accounts), and [what investors pay on top](/research/investor-premium).