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3 Year Fixed Home Loan Investment

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 DISCOUNT INVESTMENT INTEREST_ONLY. Additional Information Interest only term is available for up to 5 years
Interest Rate
2.09%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..
  INVESTMENT, FIXED, 2.19%
  • Lending Rate Type: Fixed
  • Interest Rate: 2.19%, Comparison Rate 4.17%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  INVESTMENT, BUNDLE_DISCOUNT_FIXED, 2.09%
  • Lending Rate Type: Bundle Discount Fixed
  • Interest Rate: 2.09%, Comparison Rate 4.21%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment

 Product Features

  • Npp Enabled
  • Digital Banking

 Product Eligibility

  • Residency Status - Must Be An Australian Resident.
  • Min Age - 18.
  • 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.
  • 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.
  • Deed Of Priority Fee (Event), Amount: 165.00. Additional Information: Payable when a deed of priority is required.
  • Substitution Of Mortgage Security (single Property) Fee - For Variations (Event), Amount: 341.00. Additional Information: Payable for substitution of a mortgage security
  • Guarantee Fee (Event), Amount: 82.50. Additional Information: Payable when a Guarantee is required to secure a loan facility.
  • 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
  • Arrears Administration Fee (Event), Amount: 20.00. Additional Information: Payable (at our discretion) if an event of default occurs
  • Company Search And Review Fee (Event), Amount: 82.50. Additional Information: Payable for doing a company search and review
  • Company / Trust - Borrower / Guarantor Party Fee (Event), Amount: 82.50. Additional Information: Payable for each company or trust borrower / guarantor party on the loan.
  • Fix / Refixing Fee (Event), Amount: 300.00. Additional Information: Payable to fix or refix an established loan
  • Urgent Or Complex Discharge Fee (Exit), Amount: 275.00. Additional Information: Payable for urgent or complex discharges
  • 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.
  • 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.
  • 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
  • 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
  • Discharge Fee (Exit), Amount: 165.00. Additional Information: Payable for standard partial or full discharges. $82.50 is payable for additional properties.
  • 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.
  • Out Of Cbd Settlement Fee (Variable), Amount: Not Listed.. Additional Information: Payable when settlement takes place outside of Brisbane CBD
  • Additional Valuation Fee (Variable), Amount: Not Listed.. Additional Information: Payable at cost
  • Enforcement Expenses (Variable), Amount: Not Listed.. Additional Information: Payable at cost if enforcement expenses are incurred
  • 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.
  • Non-proceeding Discharge Fee (Event), Amount: 55.00. Additional Information: Payable when a discharge does not proceed
  • Settlement Cancellation And Rebooking Fee (Event), Amount: 165.00. Additional Information: Payable when settlement is cancelled and needs to be re-booked
  • Mortgage Top Up Fee (Event), Amount: 300.00. Additional Information: Payable for further advance. Valuation fees are payable at cost.
  • Trust Deed Review Fee (Event), Amount: 82.50. Additional Information: Payable for reviewing trust deeds
  • Switching Fee - Gold Star To Choices (Event), Amount: 345.00. Additional Information: Payable when Gold Star members are switching to the Choices Package
  • Settlement Re-attendance Fee (Event), Amount: 55.00. Additional Information: Payable when settlement needs to be re-attended
  • Telegraphic Transfer Fee (Event), Amount: 38.50. Additional Information: Payable if surplus settlement funds are required to be transferred same day by telegraphic transfer
  • Loan Document Fee (Event), Amount: 110.00. Additional Information: Payable to generate or change loan documents only.
  • Urgency Fee (Event), Amount: 82.50. Additional Information: Payable when a loan needs to be documented and settled urgently.
  • Bank Cheque Fee (Event), Amount: 11.00. Additional Information: Payable for each bank cheque required for settlement
  • 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.
  • 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
  • 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.
  • 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.
  • 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
  • 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.
  • Substitution Of Mortgage Security (single Property) Fee - For New Loans (Event), Amount: 478.50. Additional Information: Payable for substitution of a mortgage security
  • Additional Security Fee (Event), Amount: 121.00. Additional Information: Payable for each additional security within a loan facility
  • Loan Splitting Fee - For New Home Loans (Event), Amount: 150.00. Additional Information: Payable to split new home loans
  • 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
  • Courier Fee (Variable), Amount: Not Listed.. Additional Information: Payable at cost if a courier is required for loan documents
  • 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.
  • Choices Package Annual Fee (Periodic), Amount: 395.00. Additional Information: Payable when home loan is taken out as part of a Choices Package
  • 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.

 Limitations & Restrictions (Constraints)

  • Min Limit of 20000.00

Related Home Loans

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Comparison*
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Related Variable Home Loans
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Comparison*
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