RACQ Bank Green Home Loan Investment
Variable rate
The RACQ Bank Green Home Loan Investment is a loan product that assists you to purchase eligible clean energy products for your home.
- Interest rate a year, from
- 2.79%
- Comparison rate
- 2.79%
- Upfront fees
- Not published
- Annual fee
- Not published
- Monthly fee
- Not published
Monthly repayment
$50,000 over 30 years
What it would cost
At the lowest rate of 2.79% (variable, investment, principal and interest). The rate you are offered depends on your deposit and the loan you choose, and upfront fees are not included.
- Monthly repayment
- $205
- Total repayments
- $73,865
- Interest
- $23,865
Rates
Every rate RACQ Bank publishes for this loan. LVR is the loan as a share of the property's value: 80% for a 20% deposit.
| Rate | Property | Repayments | LVR | Interest rate | Comparison rate |
|---|---|---|---|---|---|
| Variable | Investment | Principal and interest | Any | 2.79% | 2.79% |
Comparison rates are for an example loan of $150,000 over 25 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
Fees and features
Fees
- Upfront fees
- Not published
- Annual fee
- Not published
- Monthly fee
- Not published
Features
- Offset account
- No
- Redraw
- No
- Highest LVR
- Not published
- Loan amount
- From $3,000 up to $50,000
Pros and cons
Pros
- Extra repayments. Paying more than the minimum pays the loan off sooner and cuts the interest you pay.
- No early repayment fee listed. You can pay the loan off early, or refinance, without a penalty. Check the terms to be sure.
Cons
- No offset account. Your savings can't reduce the interest unless you pay them into the loan.