Before we start

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Thank you for choosing RACQ Bank for your personal loan

This application should take about 10-15 minutes to complete.

What we need to know

  1. Loan details
    Loan type and repayment you are requesting
     
  2. Personal details
    Contact information and address
     
  3. Employment & income details
    Employer information and any sources of income
     
  4. Financial details
    Current expenses, liabilities and other commitments

What to have to hand

  • Proof of ID Driver licence, where applicable
  • Income information Employment slips, proof of other income
  • Financial statements Credit card statements, summary of living expenses and current loans
  • List of assets Properties, vehicles, savings, superannuation, shares, etc

Applicant requirements

  • Up to two applicants can apply for a loan using this online process.
  • Only one person needs to complete and submit this initial application on behalf of all applicants. Upon final loan approval, both individuals will need to sign and endorse the loan.
Are all the applicants over 18?
Are all applicants permanent residents of Australia?
Do any of the following apply to any applicants?
Declared bankrupt or insolventEntered into an agreement or arrangement for the benefit of CreditorsDefaulted on any loans, credit cards or similar in the last 5 years
If you don't meet all of the above requirements, you may still be eligible for a personal loan. Please contact RACQ Bank on 13 1905 13 1905.

Important Information

By continuing, you confirm that you have accessed and read the RACQ Bank Credit Guide, and RACQ Group Privacy Policy and RACQ Bank Privacy Notice and RACQ Bank Credit Privacy Policy and Credit Reporting Policy which contains information on how RACQ and RACQ Bank collect use and disclose your personal information.

Loan details

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Who is this loan for?

Who is applying for this loan?
When applying online, you can only apply for a personal loan with a maximum of two applicants. If you have three or more people who would like to apply, please call us to see what options are available.

Loan details

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What do you need this loan for?

Please select the option that reflects where the majority of the money will be used.
Loan Purpose Main
What type of vehicle are you planning on purchasing?
Which category best suits the purpose of your application?
Specifically, what mode of transport are you planning on purchasing?
Which category best suits the purpose of your application?
How old is the vehicle?
Is the vehicle new or used?

Due to vehicle age restrictions, we are unable to offer our {{Util.getMotorLoanDisplayText()}} Loan product. Please refer to our terms for further details. 

Based on your selections, we can offer the following loan:
Debt Consolidation Loan
Debt Consolidation Loan

Important information:

  • Borrow from {{data.borrowFromTextDisplay}}
  • Borrow up to {{data.borrowToTextDisplay}} (unsecured)
  • {{data.estabFeePromotionalText}}
Unsecured Personal Loan
Unsecured Personal Loan

Important information:

  • Borrow from {{data.borrowFromTextDisplay}}
  • Borrow up to {{data.borrowToTextDisplay}} (unsecured)
  • {{data.estabFeePromotionalText}}
Green Personal Loan
Green Personal Loan

Important information:

  • Finance an eligible product purchase
  • Borrow from {{data.borrowFromTextDisplay}}
  • Borrow up to {{data.borrowToTextDisplay}} (unsecured)
  • Unlimited additional repayments
  • No upfront fees
  • RACQ membership benefits
Green Car Loan
Green Car Loan

Important information:

  • Low fixed interest rate
  • Borrow from {{data.borrowFromTextDisplay}}
  • Borrow up to {{data.borrowToTextDisplay}} (secured)
{{Util.getMotorLoanDisplayText()}} Loan
{{Util.getMotorLoanDisplayText()}} Loan

Important information:

  • {{data.estabFeePromotionalText}}
  • Borrow from {{data.borrowFromTextDisplay}}
  • Borrow up to {{data.borrowToTextDisplay}} (secured)

Important information:

  • Low fixed interest rate
  • No deposit or monthly account keeping fees
  • {{data.estabFeePromotionalText}}
  • Borrow from {{data.borrowFromTextDisplay}}
  • Borrow up to {{data.borrowToTextDisplay}} (secured)
  • {{data.loanPurpose}} must not be older than 12 years at the end of the loan term
You can borrow from {{data.borrowFromTextDisplay}} to {{data.borrowToTextDisplay}}
Type of vehicle (optional)

Loan details - Repayments

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Over how many years would you like to repay this loan?
Over how many years would you like to repay this loan?
Over how many years would you like to repay this loan?
Over how many years would you like to repay this loan?
loanTermInYearsUserSelected
Your repayments
Based on our current rate of {{data.interestrate}}% p.a. and including an establishment fee of ${{data.totalfees}}.

*Repayment information is indicative only and is based on your details and the interest rate specified. The information provided is general information only and does not constitute an advertisement or recommendation, a quote or loan offer. Credit may not be available for the amount, term or rate selected.

The repayment amount is calculated on a loan amount which includes the standard establishment fee, the amount of which may vary depending on your RACQ membership status.

Personal details

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We need a few personal details from you to contribute to your application.
Applicant 1
Your name
Date of Birth
Block (Mandatory)
Gender
Number of Dependants
Item
Age of dependant {{data.$i +1}}
Contact information
Residential details
Home address
or, alternatively,

Continue typing...

Manually enter an address

Address
Residential status
How long have you lived here?
Block (Mandatory)
Is this also your postal address?
What was your previous address?
or, alternatively,

Continue typing...

Manually enter an address

Address
How long were you at this address?
Block (Mandatory)
Postal address
or, alternatively,

Continue typing...

Manually enter an address

Address
Form of identification

Personal details

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We need a few personal details from you to contribute to your application.
Applicant 2
Your name
Date of Birth
Block (Mandatory)
Gender
Contact information
Residential details
Home address
or, alternatively,

Continue typing...

Manually enter an address

Address
Home address
{{data.fullAddress}} 
What is your residential status?
How long have you lived here?
Block (Mandatory)
Is this also your postal address?
What was your previous address?
or, alternatively,

Continue typing...

Manually enter an address

Address
How long were you at this address?
Block (Mandatory)
Postal address
or, alternatively,

Continue typing...

Manually enter an address

Address
Postal address
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Form of identification

Indicative Repayments

${{data.displayamount}}*

per {{data.displayfreq}}

Based on

  • Loan amount $ {{data.displayloanamount}} + ${{data.displayedfeeamount}} est. fee
  • Interest rate {{data.interestrate}}% p.a.
  • Loan term {{data.loanterminyears}} {{data.loantermyeartext}}
* Repayment information is indicative only and is based on your details and the interest rate specified. The information provided is general information only and does not constitute an advertisement or recommendation, a quote or loan offer. Credit may not be available for the amount, term or rate selected. The repayment amount is calculated on a loan amount which includes the standard establishment fee, the amount of which may vary depending on your RACQ membership status.

Employment & income details

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Click on the 'Add employment income' button at the bottom of this page if you need to include further sources of income. 

Other income
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Name
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Whose is this?
Whose income is this?
Your current employment status
How long have you held this position/self-employed?
Block (Mandatory)
How much do you earn from this? (excluding bonuses, super, etc.)
Other income
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Do you have an outstanding HECS/HELP loan?
Other Sources of Income

Please add any other sources of regular income.

 

For example: bonuses, rental income, interest/dividends, allowances/payments, etc.

Financial details - Assets

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The following questions ask you to list your assets. Please thoroughly complete this section. Undisclosed items may affect your application. 

Asset
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An asset is anything you currently own that adds financial value. A liability represents money that you owe.

Whose asset is this?
How much of the property do you own

Additional Assets

Please add any further assets you own.

For example: property, vehicles, home contents, savings, superannuation, etc.

Financial details - expenses & liabilities

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The following questions ask you to list your liabilities. Please thoroughly complete this section. Undisclosed items may affect your application. 

To help process your application as quickly as possible it's important to get an accurate understanding of your current and future expenses.
Other income

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Whose is this?
Whose loan is this?
How long is left to pay off the loan?
Block (Mandatory)
Will this loan still exist if this application is approved?
Whose expenses is this?
Expense amount

Existing Loans

Please add the details of any current loans which you have outstanding. Include loans such as home loans or personal loans.
Other income

{{data.title5_2}} {{data.displayindex1_2}}

Whose is this?
Whose card is this
Are you open to reducing the credit limit or cancelling this credit card if required? This may help your application.

Credit Cards or Store Cards

Please add the details of any credit cards or store cards which you have (including where you have a $0 balance or you pay your full balance every month).
Other income

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Whose is this?
Whose expenses is this?

Other Liabilities & Commitments

Please add the details of any other liabilities or commitments you may have.

For example: items in addition to existing loans, credit cards or store cards.

Other income

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Whose is this?
Whose loan is this?
How long is left to pay off the loan?
Block (Mandatory)
Whose card is this
Are you open to reducing the credit limit or cancelling this credit card if required? This may help your application
Whose expenses is this?

Other expenses

Please add any other expenses you have. Include other expenses such as rent-try-buy contracts, which you may not have included in the expenses section above.

Financial details - expenses & liabilities

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Living expense title text

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We'll need an accurate understanding of your current and future expenses. This helps us process your application as quickly as possible

Please update the appropriate positive dollar value for each expense item relevant to your personal circumstances. If an expense does not apply to you, please leave the field as a zero-dollar value. Undisclosed items may affect your application.

Please update the appropriate positive dollar value for each expense item relevant to your personal circumstances. If an expense does not apply to you, please leave the field as a zero-dollar value. Where two applicants exist please combine your expenses, where applicable. Undisclosed items may affect your application. 

Please update the appropriate positive dollar value for each expense item relevant to your personal circumstances. If an expense does not apply to you, please leave the field as a zero-dollar value. Undisclosed items may affect your application. 

Please update the appropriate positive dollar value for each expense item relevant to your personal circumstances. If an expense does not apply to you, please leave the field as a zero-dollar value. Where two applicants exist please combine your expenses, where applicable. Undisclosed items may affect your application. 

Living Expenses
These are the direct expenditures necessary to maintain basic daily living.
Rent / board
Childcare costs
Private school fees
Child support / maintenance
Other contracted expenses
Rates/Body Corporate Fees
Insurance
Vehicle registration
Phone / internet
Variable Expenses
These are the expenses which are considered as regular transactions but the value may fluctuate based on quantity or frequency of the product or service.
Utilities
Food and groceries
Motor and vehicle transport
Medical
Other variable expenses
Discretionary Expenses
These are non-essential expenses like meals at restaurants or entertainment.
Entertainment
Dining out
Alcohol and tobacco
Schooling
Clothing and footwear
Personal
Sports and recreation
Other discretionary expenses

Review & submit

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Great, it looks like we may be able to help you

Based on the information you have provided, you have passed our initial affordability check. Repayment information is indicative only and is based on your details and the interest rate specified. The information provided is general information only and does not constitute an advertisement or recommendation, a quote or loan offer. Credit may not be available for the amount, term or rate selected. If credit is provided, the actual repayment amount may vary.
Please confirm your preferred contact time below so that one of our lenders can contact you to discuss your loan application.
Applicant 1
Name
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Preferred contact number
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Applicant 2
Name
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Preferred contact number
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Review & submit

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Review your application before submitting

Please review your application summary before submitting. If you need to, you can go back and edit any of your responses before continuing.

Loan summary

Loan type
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Loan amount
${{data.displayloanamount}} + ${{data.displayedfeeamount}} establishment fee
Interest rate
{{data.interestrate}} %p.a.
Loan term
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Repayments
${{data.loanrepaymentamount}}
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This is based on what you have told us your income and expenses are.
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Applicant 1 details

Name
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Date of birth
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Home address
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Postal address
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Phone number
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Email address
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Preferred contact time
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Applicant 2 details

Name
{{data.title7}} {{data.fullname1}}
Date of birth
{{data.fulldob1|date:"dd/MM/yyyy"}}
Home address
{{data.fullAddress4}}
Postal address
{{data.fullAddress5}}
Phone number
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Email address
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Preferred contact time
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Your application

Based on the information you have provided, you have passed our initial affordability check.

Repayment information is indicative only and is based on your details and the interest rate specified. The information provided is general information only and does not constitute an advertisement or recommendation, a quote or loan offer. Credit may not be available for the amount, term or rate selected.

The repayment amount is calculated on a loan amount which includes the standard establishment fee, the amount of which may vary depending on your RACQ membership status.

RACQ membership

If you are not already a member of RACQ, you will become a member if the loan proceeds. By submitting you agree with RACQ’s Constitution and Membership Terms. Becoming an RACQ Member gives you access to member benefits and discounts.

RACQ Operations Pty Ltd ABN 80 009 663 414 is a member of the Royal Automobile Club of Queensland Limited Group of companies.

Pre-contractual disclosure document consent

Do you consent to receive current and future notices and other documents under the National Credit Code (including pre-contractual information and any subsequent credit documents) electronically at the primary email address you have provided to RACQ Bank?

Please note that if you grant this consent RACQ Bank might not give pre-contractual and/or credit documents to you in paper form in the future. In giving this consent, you acknowledge that you should regularly check for electronic communications from us about pre-contractual and/or credit documents. Your consent to receive credit notices, including pre-contractual documents, may be withdrawn at any time.

Alternatively, we can post documents to an address nominated by you or provide documents to you at one of our RACQ Bank Stores.

Please confirm your response: