| Product | Interest rate from | Comparison rate from | Upfront fee |
|---|---|---|---|
| Car Loan (Up to 5 years old, Variable, Secured) |
7.79% p.a. |
8.00% p.a.based on $30,000 |
$150.00 |
| Qantas Points Car Loan (Up to 5 years old, Fixed, Secured) |
8.49% p.a. |
8.70% p.a.based on $30,000 |
$150.00 |
| Unsecured Personal Loan (Variable) |
11.24% p.a. |
12.29% p.a.based on $10,000 |
$150.00 |
Unsecured Personal Loan
Looking for a loan where you don’t need to put up an asset as collateral? The Qudos Bank unsecured personal loan might be the right choice for you. With this loan you can borrow between $5,000 and $25,000 and you’ll be able to choose a period up to 7 years. Plus, there is the option to make weekly, fortnightly or monthly repayments as well as free extra repayments if you want to.
On top of that, the good news is that the Qudos Bank unsecured personal loan and car has no ongoing, exit or early repayment fees. There is however an upfront application cost to consider.
Car Loan
With Qudos Bank there are two car loan options available: the variable car loan or the fixed Qantas Points car loan. These products can be used to fund a car, motorbike, caravan or boat that is up to five years old.
The variable car loan offered by Qudos Bank is award-winning, as it took home a 2021 Mozo Experts Choice Award for best Used Car Loan. Customers can borrow between $10,000 and $150,000 over 1 to 7 years. Like the unsecured personal loan above, repayments can be made on a weekly, fortnightly or monthly basis, plus there is the option to make free extra repayments. And because the loan has a variable interest rate, there is no early termination penalty. Plus there are no ongoing account keeping fees, just be mindful of the upfront application charge.
On the other hand there is the Qantas Points Car Loan. While these loans have many of the same features, there are a few areas of difference. You are eligible to earn Qantas points with the Qantas Points Car Loan only. With this loan, you’ll earn 1000 Qantas points for every $1,000 on your loan balance every year. This loan has a higher interest rate and a higher minimum loan amount ($15,000) than the standard Qudos Car Loan so it’s important to weigh up the extra cost in interest versus the value of the points.
Also remember, with the Qantas Points Car Loan, because it is a fixed interest rate, you may have to pay early termination fees if you pay the loan out early.
Repayment schedule options: There is the option to make weekly, fortnightly or monthly repayments on all Qudos Bank personal loan products, meaning you can choose what suits your budget best.
Free extra repayments: With the option to make free additional contributions towards your Qudos Bank personal loan, you could be debt-free sooner.
No early repayment penalty: On all variable Qudos Bank personal loan options there is no early repayment penalty for clearing your debt ahead of your agreed loan term. For fixed options however, you may face this cost.
To complete a personal loan application with Qudos Bank you’ll need the following information at the ready:
Income and employment details (including your net income - after tax)
Outline of your assets and their approximate value (property, savings, vehicles, super etc)
Outline of any liabilities you have and their balances, repayments and credit card limits
You can complete an application with Qudos Bank online, over the phone or in-branch.
Mozo users have rated Qudos Bank personal loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.
20 Reviews
Not the cheapest but good service.
Read full reviewNot the cheapest but good service.
After 15 years I have yet to have bad customer service.
Read full reviewAfter 15 years I have yet to have bad customer service.
Just tried to organize a debt consolidation loan because we've been through a lot in the past with illness and family and are just starting to get back on track. After doing an online application we had a missed call from QQU. Called them back to see how it went, and it turned into the entire conversation with the lady talking down to me and her even laughing when I told her what car I had (for the application). She then commented on how embarrassing it was for us to be in this amount of debt (like I wasn't aware myself). I didn't mind not getting approved, it was expected. I was simply hoping to make life easier for ourselves. But then have someone pretty much BULLY you about a very personal part of our lives was terrible.
Read full reviewJust tried to organize a debt consolidation loan because we've been through a lot in the past with illness and family and are just starting to get back on track. After doing an online application we had a missed call from QQU. Called them back to see how it went, and it turned into the entire conversation with the lady talking down to me and her even laughing when I told her what car I had (for the application). She then commented on how embarrassing it was for us to be in this amount of debt (like I wasn't aware myself). I didn't mind not getting approved, it was expected. I was simply hoping to make life easier for ourselves. But then have someone pretty much BULLY you about a very personal part of our lives was terrible.