Commercial Loan Principal and Interest
Our Commercial Loan (P&I) is a variable rate loan for commercial purposes.
- From (investment)
- 9.88%
- Variable
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable Interest rate applicable for residential security. | 9.88% | — | — |
| Variable Interest rate applicable for commercial security. | 10.88% | — | — |
Fees
| Fee | Type | Amount |
|---|---|---|
| Establishment Fee Payable to establish the loan. Includes: valuation fee up to $400, title search, company/ trust-borrower/ guarantor party fee, 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. | Upfront | $1,100.00 |
| Substitution of Mortgage Security Per property. | Event | $350.00 |
| Default Enforcement Expenses May apply if enforcement services are required as part of default administration. | Event | Variable |
| Discharge Fee Payable for standard partial or full discharges. Fee charged per property. | Exit | $300.00 |
| Mortgage Top Up Fee Payable for a further advance against existing security. Valuation fee at cost. | Event | $450.00 |
| Valuation Fee RACQ Bank will cover up to $400 of the valuation cost on a new security, any cost above this is payable by the member. Any additional valuation required on an existing security will be payable at cost. |
Features
- Digital banking
- Real-time payments (NPP)
Eligibility
- Individuals only
- Residency status — Must be an Australian Resident
- Minimum age — 18 years
Constraints
- Minimum limit — $20,000.00
More Information
Published by RACQ Bank under the Consumer Data Right · Last updated 18 May 2026 · Product ID 104 · View on CDR.gov.au · View Source Data (JSON)