Rates and fees verified as correct at 17 August 2022. Other information correct at the time of writing. Advertiser disclosure.
| Product | Interest rate from | Comparison rate from | Upfront fee |
|---|---|---|---|
| Car Loan (Up to 5 years old, Variable, Secured) |
6.19% p.a. |
6.40% p.a.based on $30,000 |
$150 |
| Qantas Points Car Loan (Up to 5 years old, Fixed, Secured) |
7.99% p.a. |
8.20% p.a.based on $30,000 |
$150 |
| Unsecured Personal Loan (Variable) |
10.74% p.a. |
11.79% p.a.based on $10,000 |
$150 |
Want to earn thousands of points on a Qantas Points Car Loan? It’s worth considering, given the fixed interest rate won’t change during your loan term. But if you want an even lower rate and don’t need a points incentive, you may prefer the Qudos Bank standard secured loan where the slightly lower variable rate may change during the loan term. The other variable rate you have available with Qudos is far less competitive because its unsecured.
It all comes down to personal preference and whether the car you choose is eligible for security, as it needs to be under 5 years old. If you do go for a secured loan with Qudos, you'll get a lower interest rate but keep in mind if you can't meet your repayments your car could be repossessed.
Sure can, and if it’s under 5 years old you’ll have the option to secure your ride for a lower rate with the Qantas Points loan or variable rate car loan. If your dream car has lived longer than that, pay more interest on Qudos’ unsecured loan instead, or browse other car financing options in the market.
You’ll need to borrow at least $5k if you opt for an unsecured loan, $10k if you secure it to the variable rate loan and $15k on the Qantas Points Car Loan. The most you can take out is $100k.
Absolutely. Choose one that suits you best between weekly, monthly or fortnightly due dates. Want to know what your repayments could look like? Have a go at this nifty car loan repayments calculator!
With Qudos you can repay your loan on a term of up to 7 years. Settle on a contract length you feel most comfortable with based on your financial situation.
Yes, but think long and hard about it as you cannot access those funds later through a redraw facility.
You won’t feel the bite of fees for wiping your debt off before required, unless you have a Qantas Points Car Loan, where admin and break cost fees apply.
With the internet at your fingertips, it’s really quite easy to take out a Qudos Bank car loan. But if you prefer, visit one of its branches dotted around Australia or call the Qudos customer service line instead. To speed things up when you apply, have the following deets ready to include:
After they have everything needed, Qudos will review your form and get back to you on the outcome in a couple of business days.
Mozo users have rated Qudos Bank car loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.
8 Reviews
This is only a new loan but they were very very helpful and were always there if I needed anythimg while doing the application for the loan. Was quick, easy and not too stressful to do. Loan rate was one of the best I had seen after looking around a bit, even better than the car yards.
Read full reviewThis is only a new loan but they were very very helpful and were always there if I needed anythimg while doing the application for the loan. Was quick, easy and not too stressful to do. Loan rate was one of the best I had seen after looking around a bit, even better than the car yards.
A friend told me about the very competitive rates (against the major banks and other credit unions) with good features so I decided to use them for my last work car, however from there I have been pretty disappointed, it took a few days to get a response from my initial application and then waited a week to even get an answer on acceptance. When other financiers will give you a response in a few days or even quicker this was a big negative for me and I actually gave up and went elsewhere before I got an approval.
Read full reviewA friend told me about the very competitive rates (against the major banks and other credit unions) with good features so I decided to use them for my last work car, however from there I have been pretty disappointed, it took a few days to get a response from my initial application and then waited a week to even get an answer on acceptance. When other financiers will give you a response in a few days or even quicker this was a big negative for me and I actually gave up and went elsewhere before I got an approval.
Simple Car LOan, no hidden fees or tricks - what you see is what you get!
Read full reviewSimple Car LOan, no hidden fees or tricks - what you see is what you get!
I like dealing with this bank as its convenient and they make everything easy.
Read full reviewI like dealing with this bank as its convenient and they make everything easy.
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