The new product targets Queenslanders looking for a low-rate variable home loan with loan, either for a new purchase or to refinance

RACQ Group Executive Banking Michelle Winzer said the new Fair Dinkum home loan is offered to homeowners seeking either owner occupier or investment loans.  

“We know people are feeling the pressure of increasing living costs but are still ambitious about reaching their property goals, whether they’re a first home buyer, investor or looking for a change,” Ms Winzer said.

“RACQ Bank is committed to helping members get ahead with great value banking products, without any hidden fees or charges."

Fair Dinkum home loan rates

RACQ Bank's Fair Dinkum home loan product offers the following variable rates for owner occupiers: 

  • Fair Dinkum Home Loan ≤70% LVR: 3.64% p.a. variable rate (3.64% p.a. comparison rate*)
  • Fair Dinkum Home Loan >70 to ≤80% LVR: 3.84% p.a. variable rate (3.84% p.a. comparison rate*)
  • Fair Dinkum Home Loan >80% to ≤95% LVR including LMI: 4.24% p.a. variable rate (4.24% p.a. comparison rate*)

For investors, the following variable rates apply:

  • Fair Dinkum Home Loan ≤70% LVR: 3.84% p.a. variable rate (3.84% p.a. comparison rate*)
  • Fair Dinkum Home Loan >70 to ≤80% LVR: 4.04% p.a. variable rate (4.04% p.a. comparison rate*)
  • Fair Dinkum Home Loan >80% to ≤90% LVR including LMI: 4.44% p.a. variable rate (4.44% p.a. comparison rate*)

Fair Dinkum home loan fees

RACQ Bank's Fair Dinkum home loan is a fee-free product, meaning RACQ Bank customers looking to purchase a new home or refinance will pay no establishment fees, monthly or annual bank fees. 

Fair Dinkum home loan features

RACQ Bank's Fair Dinkum home loan features:

  • Maximum Loan-to-Value Ratio (LVR): 80%
  • Maximum Loan-to-Value Ratio inclusive of Lender's Mortgage Insurance (LMI): 95%
  • Maximum loan term of p to 30 years or up to 40 years for first home buyers.
  • Unlimited additional repayments.
  • Access to RACQ Bank Everyday Account.
  • No offset account or redraw facilities.
  • Ability to split the home loan. 

Applying with RACQ Bank

To be eligible for RACQ Bank's Fair Dinkum home loan, applicants must be at least 18 years of age and an Australian resident. Required documents for RACQ Bank's Fair Dinkum loan include:

  • Personal details for each applicant.
  • Contact details including a valid email address.
  • Proof of salary (two payslips) and evidence of other income including government payments and rental income.
  • Statements for any liabilities including credit cards or other existing loans.
  • A copy of your driver's licence or passport.
  • Home loan statements (if you’re refinancing). 


Buying a home or looking to refinance? The table below features home loans with some of the lowest interest rates on the market for owner occupiers.

Update resultsUpdate
LenderHome LoanInterest Rate Comparison Rate* Monthly Repayment Repayment type Rate Type Offset Redraw Ongoing Fees Upfront Fees LVR Lump Sum Repayment Additional Repayments Split Loan Option TagsFeaturesLinkCompare
6.04% p.a.
6.06% p.a.
Principal & Interest
Featured Online ExclusiveUp To $4K Cashback
  • Immediate cashback upon settlement
  • $2,000 for loans up to $700,000
  • $4,000 for loans over $700,000
5.99% p.a.
5.90% p.a.
Principal & Interest
Featured Apply In Minutes
  • No application or ongoing fees. Annual rate discount
  • Unlimited redraws & additional repayments. LVR <80%
  • A low-rate variable home loan from a 100% online lender. Backed by the Commonwealth Bank.
6.14% p.a.
6.16% p.a.
Principal & Interest
Featured Unlimited Redraws
  • No annual fees - None!
  • Get fast pre-approval
  • Unlimited additional repayments free of charge
  • Redraw freely - Access your additional payments when you need them
  • Home loan specialists available today
Important Information and Comparison Rate Warning

Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to be made on variables as selected and input by the user. Some products will be marked as promoted, featured or sponsored and may appear prominently in the tables regardless of their attributes. All products will list the LVR with the product and rate which are clearly published on the product provider’s website. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. *The Comparison rate is based on a $150,000 loan over 25 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rates correct as of . View disclaimer.

Image by Nathan Cowley via Pexels

Ready, Set, Buy!

Learn everything you need to know about buying property – from choosing the right property and home loan, to the purchasing process, tips to save money and more!

With bonus Q&A sheet and Crossword!

By subscribing you agree to our privacy policy