Mortgage Saver Home Loan
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.
- From (owner occupied)
- 5.99%
- 6.03% comparison
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 |
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
Published by RACQ Bank under the Consumer Data Right · Last updated 22 June 2026 · Product ID 575 · View on CDR.gov.au · View Source Data (JSON)