Finty
RACQ Bank

RACQ Bank Green Personal Loan

Variable rate

RACQ Bank wants to give you more freedom when it comes to your personal finances and supporting your sustainable future. Whether it's for solar panels, a home battery, an e-scooter or making your life greener in general, when it comes to getting more from your personal loan, trust RACQ Bank and reach your goals sooner.

Written byDavid Boyd
Interest rate a year, from
8.49%
Comparison rate, from
8.49%
Establishment fee
Not published
Monthly fee
Not published
Borrow
$3,000 to $60,000

Monthly repayment

$20,000 over 3 years

Apply now

What it would cost

At the lowest published rate of 8.49%. The rate you are offered depends on your circumstances, and the establishment fee is not included.

Monthly repayment
$631
Total repayments
$22,725
Interest
$2,725

Loan details

Rates

Interest rate (a year)
8.49%
Comparison rate (a year)
8.49%
Rate type
Variable
Security
Not published

Limits and fees

Loan amount
$3,000 to $60,000
Loan term
Not published
Establishment fee
Not published
Monthly fee
Not published

How it compares

Against the other personal loans we compare. Typical means the middle half of them.

Comparison rate

8.49%

From 8.49%. A typical loan starts at 10.14%.

Cost of $20,000 over 5 years

$4,614

Interest and fees at its starting rate. Typical is $5,513.

Most you can borrow

$60,000

Typically you can borrow up to $60,000.

Pros and cons

Pros

  • One rate for everyone. Everyone approved gets 8.49%, so the rate you see is the rate you get.
  • No early repayment fee listed. You can pay the loan off early, or refinance, without a penalty. Check the terms to be sure.

Cons

  • A variable rate. Your repayments can rise if the lender lifts its rate, though they can also fall.

Similar loans

Personal loans from other lenders that start at a similar comparison rate.