Personal loans

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

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

Fill in your online application
You’ll be able to submit your personal loan online application in around 15 minutes.
Apply for my loan
We’ll ring you
Once we’ve looked over your application, we’ll call to ask for any supporting documents we need.
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.
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.

While you’re here

Green Personal Loan

Car loan

Boat loan

Debt consolidation loan

Why apply for an RACQ Bank Personal Loan?

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

Take advantage of RACQ member benefits^~~

Contact us

Need help or would like to know more? RACQ Bank offers many convenient ways for you to get in touch with us. 

Personal loan FAQs

Help centre

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 racq.com/puma for details.

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