{
  "source": "https://cdrbank.racq.com.au/cds-au/v1/banking/products/102",
  "note": "Product Reference Data published by the data holder under the Consumer Data Right, as cached by this site (refreshed every 6 hours).",
  "data": {
    "productId": "102",
    "lastUpdated": "2026-05-18T22:22:19Z",
    "productCategory": "RESIDENTIAL_MORTGAGES",
    "name": "Mortgage Breaker Investment",
    "description": "Our Mortgage Breaker Investor principal and interest variable home loan gives you the flexibility to make unlimited additional repayments. You can also save on interest while having access to your money with our 100% offset account.",
    "brand": "RACQ Bank",
    "brandName": "RACQ Bank",
    "applicationUri": "https://forms.racq.com.au/banking/servlet/SmartForm.html?formCode=home-loan",
    "isTailored": false,
    "additionalInformation": {
      "feesAndPricingUri": "https://www.racq.com.au/banking/forms-and-documents"
    },
    "features": [
      {
        "featureType": "OFFSET",
        "additionalValue": "Offset only available on Principal & Interest loans only"
      },
      {
        "featureType": "NPP_ENABLED"
      },
      {
        "featureType": "DIGITAL_BANKING"
      },
      {
        "featureType": "OTHER",
        "additionalInfo": "split loan"
      },
      {
        "featureType": "EXTRA_REPAYMENTS",
        "additionalInfo": "unlimited extra repayments"
      }
    ],
    "constraints": [
      {
        "constraintType": "MIN_LIMIT",
        "additionalValue": "20000.00"
      }
    ],
    "eligibility": [
      {
        "eligibilityType": "MIN_AGE",
        "additionalValue": "18"
      },
      {
        "eligibilityType": "RESIDENCY_STATUS",
        "additionalValue": "Must be an Australian Resident"
      },
      {
        "eligibilityType": "NATURAL_PERSON"
      }
    ],
    "fees": [
      {
        "name": "Valuation Fee",
        "feeType": "EVENT",
        "feeMethodUType": "variable",
        "variable": {},
        "currency": "AUD",
        "additionalInfo": "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.",
        "additionalInfoUri": "https://www.racq.com.au/banking/forms-and-documents"
      },
      {
        "name": "Company / Trust - Borrower / Guarantor Party Fee Company Search and Review Fee",
        "feeType": "EVENT",
        "feeMethodUType": "fixedAmount",
        "fixedAmount": {
          "amount": "150.00"
        },
        "currency": "AUD",
        "additionalInfo": "Payable for each company or trust borrower / guarantor party on the loan.",
        "additionalInfoUri": "https://www.racq.com.au/banking/forms-and-documents"
      },
      {
        "name": "Loan Document Fee - Top Up",
        "feeType": "EVENT",
        "feeMethodUType": "fixedAmount",
        "fixedAmount": {
          "amount": "350.00"
        },
        "currency": "AUD",
        "additionalInfo": "Payable for a further advance against existing security. Valuation fee at cost.",
        "additionalInfoUri": "https://www.racq.com.au/banking/forms-and-documents"
      },
      {
        "name": "Default Enforcement Expenses",
        "feeType": "EVENT",
        "feeMethodUType": "variable",
        "variable": {},
        "currency": "AUD",
        "additionalInfo": "May be payable if enforcement services are required as part of default administration.",
        "additionalInfoUri": "https://www.racq.com.au/banking/forms-and-documents"
      },
      {
        "name": "Substitution of Mortgage Security",
        "feeType": "EVENT",
        "feeMethodUType": "fixedAmount",
        "fixedAmount": {
          "amount": "350.00"
        },
        "currency": "AUD",
        "additionalInfo": "Per property.",
        "additionalInfoUri": "https://www.racq.com.au/banking/forms-and-documents"
      },
      {
        "name": "Discharge Fee",
        "feeType": "EXIT",
        "feeMethodUType": "fixedAmount",
        "fixedAmount": {
          "amount": "300.00"
        },
        "currency": "AUD",
        "additionalInfo": "Payable for standard partial or full discharges.",
        "additionalInfoUri": "https://www.racq.com.au/banking/forms-and-documents"
      },
      {
        "name": "Document Preparation and Settlement Fee",
        "feeType": "UPFRONT",
        "feeMethodUType": "fixedAmount",
        "fixedAmount": {
          "amount": "550.00"
        },
        "currency": "AUD",
        "additionalInfo": "Document Preparation and Settlement Fee includes the cost of title search, document preparation and settlement fees - document generation, distribution of documents, verification of returned documents, verification of search requirements, settlement booking, settlement attendance (PEXA or paper) and lodgement of title documents.",
        "additionalInfoUri": "https://www.racq.com.au/banking/forms-and-documents"
      }
    ],
    "lendingRates": [
      {
        "rate": "0.0639",
        "calculationFrequency": "P1D",
        "applicationType": "PERIODIC",
        "applicationFrequency": "P1M",
        "additionalValue": "Available for new RACQ Bank home loans with an eligible LVR between >60% to ≤70%.",
        "tiers": [
          {
            "name": "LVR >60% to ≤70% discount",
            "unitOfMeasure": "PERCENT",
            "minimumValue": "0.6001",
            "maximumValue": "0.70",
            "rateApplicationMethod": "WHOLE_BALANCE"
          }
        ],
        "lendingRateType": "VARIABLE",
        "comparisonRate": "0.0643",
        "interestPaymentDue": "IN_ARREARS",
        "repaymentType": "PRINCIPAL_AND_INTEREST",
        "loanPurpose": "INVESTMENT"
      },
      {
        "rate": "0.0644",
        "calculationFrequency": "P1D",
        "applicationType": "PERIODIC",
        "applicationFrequency": "P1M",
        "additionalValue": "Available for new RACQ Bank home loans with an eligible LVR between >70% to ≤80%.",
        "tiers": [
          {
            "name": "LVR >70% to ≤80% discount",
            "unitOfMeasure": "PERCENT",
            "minimumValue": "0.7001",
            "maximumValue": "0.80",
            "rateApplicationMethod": "WHOLE_BALANCE"
          }
        ],
        "lendingRateType": "VARIABLE",
        "comparisonRate": "0.0648",
        "interestPaymentDue": "IN_ARREARS",
        "repaymentType": "PRINCIPAL_AND_INTEREST",
        "loanPurpose": "INVESTMENT"
      },
      {
        "rate": "0.0904",
        "calculationFrequency": "P1D",
        "applicationType": "PERIODIC",
        "applicationFrequency": "P1M",
        "lendingRateType": "VARIABLE",
        "comparisonRate": "0.0909",
        "interestPaymentDue": "IN_ARREARS",
        "repaymentType": "PRINCIPAL_AND_INTEREST",
        "loanPurpose": "INVESTMENT"
      },
      {
        "rate": "0.0679",
        "calculationFrequency": "P1D",
        "applicationType": "PERIODIC",
        "applicationFrequency": "P1M",
        "additionalInfo": "Applicable for new lending only. Existing members can switch to Mortgage Breaker Investor Special with a minimum of $20,000 in additional lending.",
        "tiers": [
          {
            "name": "LVR >90%",
            "unitOfMeasure": "PERCENT",
            "minimumValue": "0.9001",
            "rateApplicationMethod": "WHOLE_BALANCE"
          }
        ],
        "lendingRateType": "VARIABLE",
        "comparisonRate": "0.0683",
        "interestPaymentDue": "IN_ARREARS",
        "repaymentType": "PRINCIPAL_AND_INTEREST",
        "loanPurpose": "INVESTMENT"
      },
      {
        "rate": "0.0629",
        "calculationFrequency": "P1D",
        "applicationType": "PERIODIC",
        "applicationFrequency": "P1M",
        "additionalValue": "Available for new RACQ Bank home loans with an eligible LVR of ≤60%",
        "tiers": [
          {
            "name": "LVR ≤60% discount ",
            "unitOfMeasure": "PERCENT",
            "minimumValue": "0.0001",
            "maximumValue": "0.60",
            "rateApplicationMethod": "WHOLE_BALANCE"
          }
        ],
        "lendingRateType": "VARIABLE",
        "comparisonRate": "0.0633",
        "interestPaymentDue": "IN_ARREARS",
        "repaymentType": "PRINCIPAL_AND_INTEREST",
        "loanPurpose": "INVESTMENT"
      },
      {
        "rate": "0.0659",
        "calculationFrequency": "P1D",
        "applicationType": "PERIODIC",
        "applicationFrequency": "P1M",
        "additionalValue": "Available for new RACQ Bank home loans with an eligible LVR between >80% to ≤90%.",
        "tiers": [
          {
            "name": "LVR >80% to ≤90% discount",
            "unitOfMeasure": "PERCENT",
            "minimumValue": "0.8001",
            "maximumValue": "0.90",
            "rateApplicationMethod": "WHOLE_BALANCE"
          }
        ],
        "lendingRateType": "VARIABLE",
        "comparisonRate": "0.0663",
        "interestPaymentDue": "IN_ARREARS",
        "repaymentType": "PRINCIPAL_AND_INTEREST",
        "loanPurpose": "INVESTMENT"
      }
    ]
  }
}