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1 Year Fixed Home Loan Owner Occupier

Our fixed rate home loans provide security of fixed repayments and allows for additional repayments up to $10,000 per annum.
Category: Home Loans  Last Updated May 31, 2021  Effective June 4, 2021

 General Lending Rates

Rates listed below are for a BUNDLE_DISCOUNT_FIXED OWNER_OCCUPIED PRINCIPAL_AND_INTEREST. Additional Information Available on choices package only.
Interest Rate
1.69%PA
Comparison Rate
4.15%PA*
Product rates will vary depending upon your financial position. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.

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Product Variations
Product rates and conditions will usually vary based on the LVR and other conditions..
  OWNER_OCCUPIED, DISCOUNT, 1.69%
  • Lending Rate Type: Discount
  • Interest Rate: 1.69%, Comparison Rate 4.15%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  OWNER_OCCUPIED, FIXED, 1.79%
  • Lending Rate Type: Fixed
  • Interest Rate: 1.79%, Comparison Rate 4.16%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied

 Product Features

  • Npp Enabled
  • Digital Banking

 Product Eligibility

  • Min Age - 18.
  • Residency Status - Must Be An Australian Resident.
  • Natural Person

 Bank Fees and Charges

  • Title Search Fee (Variable), Amount: Not Listed.. Additional Information: Payable at cost for each security being taken and typically two title searches are performed.
  • Substitution Of Mortgage Security (single Property) Fee - For New Loans (Event), Amount: 478.50. Additional Information: Payable for substitution of a mortgage security
  • Drawing Without Funds Fee (Event), Amount: 20.00. Additional Information: Where debits are paid and where an account overdraws or remains overdrawn without an approved facility limit, or the facility limit is exceeded.
  • Early Payment Fee (Variable), Amount: Not Listed.. Additional Information: Payable if you make extra repayments that exceed $10,000 per annum during any fixed period. Applicable to fixed term loans only. Interest differential as defined in the loan contract is payable.
  • Document Preparation And Settlement Fee (Upfront), Amount: 302.50. Additional Information: Payable once only per standard loan facility and includes the cost of: •Document generation• Distribution of documents• Verification of returned documents• Verification of search requirements• Settlement booking• Settlement attendance(PEXA or paper)• Lodgement of title documents
  • Guarantee Fee (Event), Amount: 82.50. Additional Information: Payable when a Guarantee is required to secure a loan facility.
  • Choices Package Annual Fee (Periodic), Amount: 395.00. Additional Information: Payable when home loan is taken out as part of a Choices Package
  • Switching Fee - Existing Racq Bank Home Loan Customers Switching To Choices. (Event), Amount: 300.00. Additional Information: Payable when existing home loan customers switch to Choices. Only applicable where there are no further borrowings.
  • Non-proceeding Loan Fee (Event), Amount: 165.00. Additional Information: Payable when you no longer wish to proceed with your loan application with RACQ once it's been documented. The full fee is payable if certified.
  • Settlement Re-attendance Fee (Event), Amount: 55.00. Additional Information: Payable when settlement needs to be re-attended
  • Switching Fee - Gold Star Plus To Choices (Event), Amount: 300.00. Additional Information: Payable when Gold Star Plus members are switching to the Choices Package
  • Courier Fee (Variable), Amount: Not Listed.. Additional Information: Payable at cost if a courier is required for loan documents
  • Loan Document Fee (Event), Amount: 110.00. Additional Information: Payable to generate or change loan documents only.
  • Telegraphic Transfer Fee (Event), Amount: 38.50. Additional Information: Payable if surplus settlement funds are required to be transferred same day by telegraphic transfer
  • Enforcement Expenses (Variable), Amount: Not Listed.. Additional Information: Payable at cost if enforcement expenses are incurred
  • Company Search And Review Fee (Event), Amount: 82.50. Additional Information: Payable for doing a company search and review
  • Urgency Fee (Event), Amount: 82.50. Additional Information: Payable when a loan needs to be documented and settled urgently.
  • Additional Valuation Fee (Variable), Amount: Not Listed.. Additional Information: Payable at cost
  • Switching Fee - Gold Star To Choices (Event), Amount: 345.00. Additional Information: Payable when Gold Star members are switching to the Choices Package
  • Deed Of Priority Fee (Event), Amount: 165.00. Additional Information: Payable when a deed of priority is required.
  • Bank Cheque Fee (Event), Amount: 11.00. Additional Information: Payable for each bank cheque required for settlement
  • Settlement Cancellation And Rebooking Fee (Event), Amount: 165.00. Additional Information: Payable when settlement is cancelled and needs to be re-booked
  • Non-proceeding Discharge Fee (Event), Amount: 55.00. Additional Information: Payable when a discharge does not proceed
  • Loan Splitting Fee - For New Home Loans (Event), Amount: 150.00. Additional Information: Payable to split new home loans
  • Interest Rate Lock Fee (Variable), Amount: Not Listed.. Additional Information: Payable at the time of application if you elect to lock-in your interest rate for a period of 90 days from the date you apply for your loan. The greater of $500 or 0.15% of the value of the loan is payable.
  • Change Of Name Fee (Event), Amount: 165.00. Additional Information: Payable to prepare the change of name documents for lodgement at the lands title office.
  • Additional Loan Establishment Fee (Event), Amount: 300.00. Additional Information: Payable for each additional loan against an existing security. Valuation fees are payable at cost.
  • Urgent Or Complex Discharge Fee (Exit), Amount: 275.00. Additional Information: Payable for urgent or complex discharges
  • Trust Deed Review Fee (Event), Amount: 82.50. Additional Information: Payable for reviewing trust deeds
  • Discharge Incidental To Substitution Or Internal Refinance Fee (Event), Amount: 176.00. Additional Information: Payable for a discharge that is incidental to a substitution or internal refinance
  • Mortgage Top Up Fee (Event), Amount: 300.00. Additional Information: Payable for further advance. Valuation fees are payable at cost.
  • Fix / Refixing Fee (Event), Amount: 300.00. Additional Information: Payable to fix or refix an established loan
  • Cancellation Of And Re-issuing Bank Cheque Fee (Variable), Amount: Not Listed.. Additional Information: Payable at cost when bank cheques are required to be cancelled and re-issued.
  • Administration Fee (Event), Amount: 200.00. Additional Information: Payable in addition to when otherwise specified in the Loan Fees Schedule, if we vary or renegotiate the terms of your loan contract at your request
  • Early Termination Fee (Variable), Amount: Not Listed.. Additional Information: Payable if you repay your loan or change to a variable interest rate during the fixed rate period. Applicable to fixed term loans only. Interest differential as defined in the loan contract + $200 administration fee is payable.
  • Loan Splitting Fee - For Existing Home Loans (Event), Amount: 200.00. Additional Information: Payable to split existing home loans
  • Variation Loan Document Fee (Event), Amount: 165.00. Additional Information: Payable for loan top ups to generate and change loan documents
  • Additional Security Fee (Event), Amount: 121.00. Additional Information: Payable for each additional security within a loan facility
  • Mortgage Priority Fee (Event), Amount: 165.00. Additional Information: Payable when a mortgage priority is required.
  • Consents And Production Of Title Fee (Event), Amount: 165.00. Additional Information: Payable for consents and production of title
  • Substitution Of Mortgage Security (single Property) Fee - For Variations (Event), Amount: 341.00. Additional Information: Payable for substitution of a mortgage security
  • Arrears Administration Fee (Event), Amount: 20.00. Additional Information: Payable (at our discretion) if an event of default occurs
  • Out Of Cbd Settlement Fee (Variable), Amount: Not Listed.. Additional Information: Payable when settlement takes place outside of Brisbane CBD
  • Dealing Fee (Event), Amount: 300.00. Additional Information: Payable in addition to when otherwise specified in the Loan Fees Schedule, if we give or withhold consent to a document that affects our security.
  • Discharge Fee (Exit), Amount: 165.00. Additional Information: Payable for standard partial or full discharges. $82.50 is payable for additional properties.
  • Company / Trust - Borrower / Guarantor Party Fee (Event), Amount: 82.50. Additional Information: Payable for each company or trust borrower / guarantor party on the loan.
  • Establishment Fee (Upfront), Amount: 600.00. Additional Information: Establishment Fee includes the cost of: preparation of one mortgage, valuations up to $220. Any amount above this is payable.

 Limitations & Restrictions (Constraints)

  • Min Limit of 20000.00

Related Home Loans

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Related Variable Home Loans
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