Make it happen with an RACQ Bank Personal Loan

Bring your big plans to life with a little extra funding from RACQ Bank. Whether you want to take care of an unexpected bill, pull off your dream wedding, or finally fix things up around the house, we’re here to lend a hand. RACQ Bank offers personal loans that give you the freedom to pay off your loan as early as you like. When you take out a personal loan with us, you’ll notice the difference that being a member makes:

  • No early pay-out fees
  • Unlimited additional payments
  • Flexible repayment options
  • RACQ membership benefits
  • No fees

Apply for my personal loan

Personal Loan Special

New lending only. Excludes debt consolidation loans. Comparison rate warning

8.99% p.a

interest rate

8.99% p.a

comparison rate

RACQ Bank Personal Loan details

Are you on the hunt for a personal loan that ticks the right boxes? Learn more about the fees, terms, and features of our unsecured personal loans. For a full list of fees and charges refer to the Loan Fee Schedule

  • Fees
    • Establishment fee: $0
    • Annual and monthly fees: $0
    • Additional repayment fee: $0
  • Terms
    • Maximum term: 5 years
  • Limits
    • Minimum personal loan amount: $3,000
    • Maximum personal loan amount: $60,000
  • Repayments

    We offer flexible personal loan options including:

    • Weekly, fortnightly, or monthly payments
    • Unlimited additional repayments

How to apply for your RACQ Bank Personal Loan

  • icon-step-1
    Fill in your online application
    You’ll be able to submit your personal loan online application in around 15 minutes.
  • icon-step-2
    We’ll ring you
    Once we’ve looked over your application, we’ll call to ask for any supporting documents we need.
  • icon-step-3
    We’ll do a final review
    We’ll assess your application and documents and let you know if your unsecured personal loan application is successful.
  • icon-step-4
    You’ll receive the funds
    If your application is accepted, we’ll give you the final paperwork to submit before we transfer the loan amount into your nominated bank account.
Personal loan repayment calculator
Find out how much you can borrow, what your repayments will be, and the difference making a few extra repayments will make. 

Why apply for an RACQ Bank Personal Loan?

  • shaking-hands
    RACQ Bank is owned by RACQ members
    Choose a bank that puts members before profits.
  • callcentre-person
    Call on a Queenslander
    Reach out to our local call centre.
  • house-home
    Know your finances are safe with us
    Bank with confidence in our security measures.
  • racq-logo-on-card
    Trust in our reputation for service
    RACQ has supported our members for over 117 years.

Take advantage of RACQ member benefits~~

Show your RACQ membership card for petrol savings
Save 4c a litre at participating Puma Energy and new Caltex service stations.#
Treat yourself to discounted shopping
Save up to 4% on Woolworths eGift cards.
Enjoy the latest blockbusters for less
Pre-purchase discounted tickets at Event Cinemas and BCC Cinemas.
Give a helping hand to the community
Your membership supports the RACQ Foundation.

Personal loan FAQs

Things to note

Banking and loan products issued by Members Banking Group Limited ABN 83 087 651 054 AFSL/Australian credit licence 241195 trading as RACQ Bank. Terms, conditions, fees, charges and lending policies apply. This is general advice only and may not be right for you. This information does not take your personal objectives, circumstances or needs into account. Read the disclosure documents for your selected product or service, including the Financial Services Guide and the Terms and Conditions, and consider if appropriate for you before deciding.

Except for RACQ Bank, any RACQ entity referred to on this page is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Cth). That entity’s obligations do not represent deposits or other liabilities of RACQ Bank. RACQ Bank does not guarantee or otherwise provide assurance in respect of the obligations of that entity, unless noted otherwise.

Rates current as at 6 December 2022 and subject to change at any time.

The Personal Loan Special is available for new lending only. Personal Loan Special not available for loan applications made for debt consolidation purposes.

Comparison rate calculated on an unsecured loan amount of $30,000 over 5 years based on monthly repayments. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

~~ Terms and conditions apply to all offers. View the individual offer for full details. Offer is subject to availability and may be withdrawn at any time without notice.

#Conditions apply. Offer available at participating Puma Energy and new Caltex stations. Visit for details.

The Green Personal Loan is available for new lending only to purchase eligible items. Conditions apply.