Qudos Bank car loans

Qudos Bank
Qudos Bank's overall rating for car loans

(as rated by the Mozo community)

8.3 / 10

based on 8 reviews

Not so long ago Qudos Bank was dubbed Qantas Credit Union, a member owned financial provider with historical links to the Aussie airline itself. Today it continues to offer a range of credit options including car loans. Whether the Qantas Points Car Loan has sparked your interest, or you’re here to find a low rate loan, this page is where you want to be! Check out our table that maps out your car financing options with Qudos below, then scroll down for all your FAQs answered.

Qudos Bank offers the following car loans

Product Interest rate from Comparison rate from* Upfront fee

6.19% p.a.

6.40% p.a.based on $30,000
over 5 years


7.59% p.a.

7.80% p.a.based on $30,000
over 5 years


10.74% p.a.

11.79% p.a.based on $10,000
over 3 years


*The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

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Qudos Bank car loan FAQs

What do the fixed and variable rates look like?

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.

Should I secure my vehicle to the loan?

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.

Can I use Qudos Bank to buy a preloved car?

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.

What can the loan amount be?

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.

Can I choose my billing cycle?

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!

How long can my loan contract go for?

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.

Can I pay off my loan faster?

Yes, but think long and hard about it as you cannot access those funds later through a redraw facility.

What if I decide to pay out my loan early?

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.

What’s the car loan application process like?

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.

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