---
title: "Mortgage Saver Home Loan — RACQ Bank"
description: "Home Loans from RACQ Bank. Rates, fees, features and eligibility as published under Australia's Consumer Data Right."
canonical: https://www.cdrcompare.au/brands/racq-bank/products/575
source: "CDR Compare"
language: en-AU
last_updated: 2026-06-22T03:48:13Z
---

# Mortgage Saver Home Loan — RACQ Bank

> Home Loans from RACQ Bank. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare.

**Home Loans**

Our Mortgage Saver home loan is a straight forward, basic variable home loan with a low variable rate. With no ongoing fees, unlimited additional repayments and free redraw you can reach your property goals sooner.

## At a glance

- **From (owner occupied):** 5.99% (6.03% comparison)

## Apply

Applications are handled by the provider: [Apply at RACQ Bank](https://forms.racq.com.au/banking/servlet/SmartForm.html?formCode=home-loan)

## Interest rates

| Type | Rate | Comparison | Applies to |
| --- | --- | --- | --- |
| Variable | 5.99% | 6.03% | LVR ≤60% discount |
| Variable | 6.09% | 6.13% | LVR >60% to ≤70% discount |
| Variable | 6.14% | 6.18% | LVR >70% to ≤80% discount |
| Variable | 6.29% | 6.33% | LVR >80% to ≤90% discount |
| Variable | 6.49% | 6.53% | LVR >90% |
| Variable | 7.44% | 7.49% | — |

## Fees

| Fee | Type | Amount |
| --- | --- | --- |
| Substitution of Mortgage Security — Per property. | Event | $350.00 |
| Company / Trust - Borrower / Guarantor Party Fee Company Search and Review Fee — Payable for each company or trust borrower / guarantor party on the loan. | Event | $150.00 |
| Loan Document Fee - Top Up — Payable for a further advance against existing security. Valuation fee at cost. | Event | $350.00 |
| Valuation Fee — 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. | Event | Variable |
| 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 |
| Document Preparation and Settlement Fee — 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. | Upfront | $550.00 |

## Features

- **Digital banking**
- **Real-time payments (NPP)**
- **Redraw facility**
- **split loan**
- **Extra repayments** (unlimited extra repayments)

## Eligibility

- **Individuals only**
- **Minimum age** — 18 years
- **Residency status** — Must be an Australian Resident

## Constraints

- **Minimum limit** — $20,000.00

## More information from RACQ Bank

- [Fees & pricing](https://www.racq.com.au/banking/forms-and-documents)

## Data provenance

- Published by RACQ Bank under the Consumer Data Right
- Product ID: `575`
- Last updated by the provider: 22 June 2026
- Source payload (JSON): https://www.cdrcompare.au/api/raw/racq-bank/575
- Provider page: https://www.cdrcompare.au/brands/racq-bank
- CDR register entry: https://www.cdr.gov.au/find-a-provider?provider=000244

---

Source: [CDR Compare](https://www.cdrcompare.au/brands/racq-bank/products/575) — product data published by Australian data holders under the Consumer Data Right. Not financial advice; no rankings, recommendations or affiliate relationships. Always confirm details with the provider.

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