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Qantas Money Variable Home Loan

Advertiser disclosure
The details shown below are for an owner occupier taking out a principal & interest loan between $300,000 and $3,000,000 with an LVR below 75%
The details shown below are for an owner occupier taking out a interest only loan between $300,000 and $3,000,000 with an LVR below 75%
The details shown below are for an owner occupier taking out a principal & interest loan between $300,000 and $2,000,000 with an LVR below 90%
The details shown below are for an owner occupier taking out a interest only loan between $300,000 and $2,000,000 with an LVR below 90%
The details shown below are for an owner occupier taking out a principal & interest loan between $300,000 and $3,000,000 with an LVR below 75%
The details shown below are for an owner occupier taking out a principal & interest loan between $300,000 and $2,000,000 with an LVR below 90%
The details shown below are for an owner occupier taking out a interest only loan between $300,000 and $3,000,000 with an LVR below 75%
The details shown below are for an owner occupier taking out a interest only loan between $300,000 and $2,000,000 with an LVR below 90%

Choose the version of this loan that suits you best

Availability Loan type LVR Min loan amount Max loan amount
Owner Occupier Principal & Interest < 75% $300,000 $3,000,000
Owner Occupier Interest Only < 75% $300,000 $3,000,000
Owner Occupier Principal & Interest 75%-90% $300,000 $2,000,000
Owner Occupier Interest Only 75%-90% $300,000 $2,000,000
Owner Occupier Principal & Interest < 75% $300,000 $3,000,000
Owner Occupier Principal & Interest 75%-90% $300,000 $2,000,000
Owner Occupier Interest Only < 75% $300,000 $3,000,000
Owner Occupier Interest Only 75%-90% $300,000 $2,000,000
  • Owner Occupier (Principal & Interest)
    LVR < 75%
    Loan: $300,000 $3,000,000
  • Owner Occupier (Interest Only)
    LVR < 75%
    Loan: $300,000 $3,000,000
  • Owner Occupier (Principal & Interest)
    LVR 75%-90%
    Loan: $300,000 $2,000,000
  • Owner Occupier (Interest Only)
    LVR 75%-90%
    Loan: $300,000 $2,000,000
  • Owner Occupier (Principal & Interest)
    LVR < 75%
    Loan: $300,000 $3,000,000
  • Owner Occupier (Principal & Interest)
    LVR 75%-90%
    Loan: $300,000 $2,000,000
  • Owner Occupier (Interest Only)
    LVR < 75%
    Loan: $300,000 $3,000,000
  • Owner Occupier (Interest Only)
    LVR 75%-90%
    Loan: $300,000 $2,000,000
Rate
6.08% p.a.
Comparison Rate
6.15% p.a.
Service fee
Upfront fee
$849
Rate
7.19% p.a.
Comparison Rate
6.62% p.a.
Service fee
Upfront fee
$849
Rate
6.08% p.a.
Comparison Rate
6.15% p.a.
Service fee
Upfront fee
$849
Rate
7.19% p.a.
Comparison Rate
6.62% p.a.
Service fee
Upfront fee
$849
Rate
6.24% p.a.
Comparison Rate
6.30% p.a.
Service fee
Upfront fee
$849
Rate
6.24% p.a.
Comparison Rate
6.30% p.a.
Service fee
Upfront fee
$849
Rate
6.49% p.a.
Comparison Rate
6.41% p.a.
Service fee
Upfront fee
$849
Rate
6.49% p.a.
Comparison Rate
6.41% p.a.
Service fee
Upfront fee
$849

Mozo editorial review Qantas Money Variable Home Loan - last updated: 31 May 2024

binocular icon
What's hot
  • 6.08% p.a. (6.14% p.a. comparison rate*)
  • Free redraws through internet or phone banking
  • 100% offset account option available for $10/month
  • Qantas Frequent Flyer members receive 100,000 Qantas Points upon settlement and a further 100,000 points anniversary of their settlement date up to 5 properties(T&Cs apply)
What's not
  • $345 application fee
  • $150 loan processing fee
  • $345.40 settlement service fee
  • Other fees (including discharge fee) also apply
Mozo snapshot

For customers looking to score some bonus points alongside their new home, Qantas Money’s Variable Home Loan offers an attractive rewards program for Qantas Frequent Flyer members. However, customers need to be aware of the various fees associated with this loan product, as there are a few big ones, especially up-front.

key icon
Key features

The Qantas Money Variable Home Loan comes with an interest rate of 6.08% p.a. (6.14% p.a. comparison rate*) and is available for loans between $300,000 and $3 million. 

Qantas Frequent Flyer club members can score a bonus of 100,000 Qantas Points upon settlement of their Qantas Money Variable Home Loan. Plus, with every year that goes by, Qantas Frequent Flyer members that stick with their Variable Home Loan product can get a bonus of 100,000 additional Qantas Points on the anniversary of their settlement date, for up to a maximum of 30 years. Your points will accrue three months after the anniversary date of your settlement up to 5 properties. Terms and conditions apply and there may be other fees associated with the Qantas Frequent Flyer club membership.  

Special offer: Receive 50,000 Qantas Frequent Flyer Points up front for loans of $500,000 or more if you submit an application before 18 July 2024. 

This home loan comes with a free redraw facility, but it’s only free if you’re using internet or phone banking to perform the redraw. Otherwise, ‘manual’ redraws incur a $50 fee per transaction and must be carried out at a Bendigo Bank branch. 

There are a few up-front fees involved with this loan product that you’ll need to be aware of. These include: 

  • Application fee ($345) 

  • Loan processing fee ($150) 

  • Settlement fee (minimum $345.40). 

You also have the option to add a 100% offset account to your home loan product. Choosing this offset facility option will cost $10 per month.

There may be additional fees associated with your home loan if you need to vary your home loan contract, recalculate your repayment schedule after making additional payments, if you go into arrears, or if your direct debit bounces because you don’t have enough funds in your account. Be sure to check these out on the Qantas Money website so you’re aware of potential extra costs.

snapshot
Who is it good for

Home loan customers looking for a competitive variable rate and those that wish to take advantage of the bonus Qantas Points deal each year they stay with the same loan.

question icon
Any catches

The up-front fees can be expensive compared with other products on the market. The offset facility is also an optional extra and costs $10/month. 

Details

Rates and fees information correct as at 22 June 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

6.08% p.a.

n/a

n/a

n/a

6.15% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$495.00

n/a

n/a

$354.40

n/a

n/a

$325.00

Other financial bits

$300,000

$3,000,000

none

75.00%

Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes

none

yes - fees apply

$1.00

no

yes - $10 monthly

Home loans available to Qantas Frequent Flyer Members only. $50 redraw fee per manual (Branch) withdrawal.

Receive 100,000 Qantas Frequent Flyer Points every year of the loan, up to 30 years for up to 5 properties.

Receive 50,000 Qantas Frequent Flyer Points up front for loans of $500,000 or more for applications submitted before 18 July 2024.

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. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 22 June 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

7.19% p.a.

n/a

n/a

n/a

6.62% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$495.00

n/a

n/a

$354.40

n/a

n/a

$325.00

Other financial bits

$300,000

$3,000,000

none

75.00%

Features

Owner Occupier

Interest Only

Weekly, Fortnightly, Monthly

yes

none

yes - fees apply

$1.00

no

yes - $10 monthly

Home loans available to Qantas Frequent Flyer Members only. $50 redraw fee per manual (Branch) withdrawal.

Receive 100,000 Qantas Frequent Flyer Points every year of the loan, up to 30 years for up to 5 properties.

Receive 50,000 Qantas Frequent Flyer Points up front for loans of $500,000 or more for applications submitted before 18 July 2024.

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. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 22 June 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

6.08% p.a.

n/a

n/a

n/a

6.15% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$495.00

n/a

n/a

$354.40

n/a

n/a

$325.00

Other financial bits

$300,000

$2,000,000

75.00%

90.00%

Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes

none

yes - fees apply

$1.00

no

yes - $10 monthly

Home loans available to Qantas Frequent Flyer Members only. $50 redraw fee per manual (Branch) withdrawal.

Receive 100,000 Qantas Frequent Flyer Points every year of the loan, up to 30 years for up to 5 properties.

Receive 50,000 Qantas Frequent Flyer Points up front for loans of $500,000 or more for applications submitted before 18 July 2024.

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. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 22 June 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

7.19% p.a.

n/a

n/a

n/a

6.62% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$495.00

n/a

n/a

$354.40

n/a

n/a

$325.00

Other financial bits

$300,000

$2,000,000

75.00%

90.00%

Features

Owner Occupier

Interest Only

Weekly, Fortnightly, Monthly

yes

none

yes - fees apply

$1.00

no

yes - $10 monthly

Home loans available to Qantas Frequent Flyer Members only. $50 redraw fee per manual (Branch) withdrawal.

Receive 100,000 Qantas Frequent Flyer Points every year of the loan, up to 30 years for up to 5 properties.

Receive 50,000 Qantas Frequent Flyer Points up front for loans of $500,000 or more for applications submitted before 18 July 2024.

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. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 22 June 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

6.24% p.a.

n/a

n/a

n/a

6.30% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$495.00

n/a

n/a

$354.40

n/a

n/a

$325.00

Other financial bits

$300,000

$3,000,000

none

75.00%

Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes

none

yes - fees apply

$1.00

no

yes - $10 monthly

Home loans available to Qantas Frequent Flyer Members only. $50 redraw fee per manual (Branch) withdrawal.

Receive 100,000 Qantas Frequent Flyer Points every year of the loan, up to 30 years for up to 5 properties.

Receive 50,000 Qantas Frequent Flyer Points up front for loans of $500,000 or more for applications submitted before 18 July 2024.

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. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 22 June 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

6.24% p.a.

n/a

n/a

n/a

6.30% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$495.00

n/a

n/a

$354.40

n/a

n/a

$325.00

Other financial bits

$300,000

$2,000,000

75.00%

90.00%

Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes

none

yes - fees apply

$1.00

no

yes - $10 monthly

Home loans available to Qantas Frequent Flyer Members only. $50 redraw fee per manual (Branch) withdrawal.

Receive 100,000 Qantas Frequent Flyer Points every year of the loan, up to 30 years for up to 5 properties.

Receive 50,000 Qantas Frequent Flyer Points up front for loans of $500,000 or more for applications submitted before 18 July 2024.

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. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 22 June 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

6.49% p.a.

n/a

n/a

n/a

6.41% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$495.00

n/a

n/a

$354.40

n/a

n/a

$325.00

Other financial bits

$300,000

$3,000,000

none

75.00%

Features

Owner Occupier

Interest Only

Weekly, Fortnightly, Monthly

yes

none

yes - fees apply

$1.00

no

yes - $10 monthly

Home loans available to Qantas Frequent Flyer Members only. $50 redraw fee per manual (Branch) withdrawal.

Receive 100,000 Qantas Frequent Flyer Points every year of the loan, up to 30 years for up to 5 properties.

Receive 50,000 Qantas Frequent Flyer Points up front for loans of $500,000 or more for applications submitted before 18 July 2024.

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. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 22 June 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

6.49% p.a.

n/a

n/a

n/a

6.41% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$495.00

n/a

n/a

$354.40

n/a

n/a

$325.00

Other financial bits

$300,000

$2,000,000

75.00%

90.00%

Features

Owner Occupier

Interest Only

Weekly, Fortnightly, Monthly

yes

none

yes - fees apply

$1.00

no

yes - $10 monthly

Home loans available to Qantas Frequent Flyer Members only. $50 redraw fee per manual (Branch) withdrawal.

Receive 100,000 Qantas Frequent Flyer Points every year of the loan, up to 30 years for up to 5 properties.

Receive 50,000 Qantas Frequent Flyer Points up front for loans of $500,000 or more for applications submitted before 18 July 2024.

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. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Customer Reviews

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About Qantas Money

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Unloan

Variable

5.99% p.a. variable

5.90% p.a.

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Macquarie

Basic Home Loan (Fixed)

6.25% p.a.
fixed 3 years

6.20% p.a.

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loans.com.au

Variable Home Loan 90

6.04% p.a. variable

6.06% p.a.

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Police Credit Union

The Better Home Loan (Special Offer)

6.14% p.a. variable

6.14% p.a.

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Heritage Bank

Discount Variable Home Loan

5.99% p.a. variable

6.01% p.a.

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HSBC

Home Value Loan

6.09% p.a. variable

6.09% p.a.

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Unloan

Variable

6.29% p.a. variable

6.20% p.a.

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ANZ

Fixed Rate

6.59% p.a.
fixed 3 years

7.06% p.a.

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Unloan

Variable

5.99% p.a. variable

5.90% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan

6.14% p.a. variable

6.16% p.a.

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Unloan

Variable

6.29% p.a. variable

6.20% p.a.

Thumbnail icon for ubank
ubank

Flex Home Loan

6.24% p.a. variable

6.48% p.a.

Thumbnail icon for Heritage Bank
Heritage Bank

Discount Variable Home Loan

5.99% p.a. variable

6.01% p.a.

Thumbnail icon for Aussie
Aussie

Elevate

6.09% p.a. variable

6.20% p.a.

Thumbnail icon for Police Credit Union
Police Credit Union

The Better Home Loan (Special Offer)

6.14% p.a. variable

6.14% p.a.

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ING

Fixed Rate Loan (with Orange Advantage)

5.99% p.a.
fixed 3 years

6.12% p.a.

Thumbnail icon for Unloan
Unloan

Variable

5.99% p.a.

5.90% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan

6.14% p.a.

6.16% p.a.

Thumbnail icon for loans.com.au
loans.com.au

Variable Home Loan 90

6.04% p.a.

6.06% p.a.

Thumbnail icon for Police Credit Union
Police Credit Union

The Better Home Loan (Special Offer)

6.14% p.a.

6.14% p.a.

Thumbnail icon for Heritage Bank
Heritage Bank

Discount Variable Home Loan

5.99% p.a.

6.01% p.a.

Thumbnail icon for Aussie
Aussie

Elevate

6.09% p.a.

6.20% p.a.

Thumbnail icon for ING
ING

Mortgage Simplifier

6.14% p.a.

6.17% p.a.

Thumbnail icon for Macquarie
Macquarie

Offset Home Loan (Package)

6.14% p.a.

6.39% p.a.

Thumbnail icon for Bendigo Bank
Bendigo Bank

Express Home Loan (Fixed)

6.04% p.a.
fixed 3 years

6.15% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan (Fixed)

6.25% p.a.
fixed 3 years

6.20% p.a.

Thumbnail icon for Bendigo Bank
Bendigo Bank

Express Home Loan (Fixed)

6.54% p.a.
fixed 3 years

6.38% p.a.

Thumbnail icon for ubank
ubank

Flex Home Loan Fixed

5.99% p.a.
fixed 3 years

6.41% p.a.

Thumbnail icon for ING
ING

Fixed Rate Loan (with Orange Advantage)

5.99% p.a.
fixed 3 years

6.12% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan (Fixed)

6.35% p.a.
fixed 3 years

6.26% p.a.

Thumbnail icon for Bendigo Bank
Bendigo Bank

Express Home Loan (Fixed)

6.54% p.a.
fixed 3 years

6.38% p.a.

Thumbnail icon for ANZ
ANZ

Fixed Rate

6.59% p.a.
fixed 3 years

7.06% p.a.

Thumbnail icon for Unloan
Unloan

Variable

5.99% p.a.

5.90% p.a.

$0.00

Thumbnail icon for loans.com.au
loans.com.au

Variable Home Loan 90

6.04% p.a.

6.06% p.a.

$0.00

Thumbnail icon for Heritage Bank
Heritage Bank

Discount Variable Home Loan

5.99% p.a.

6.01% p.a.

$0.00

Thumbnail icon for G&C Mutual Bank
G&C Mutual Bank

First Home Buyer Loan

5.90% p.a.

5.93% p.a.

$0.00

Thumbnail icon for Community First Bank
Community First Bank

Basic Variable Home Loan

5.94% p.a.

5.99% p.a.

$0.00

Thumbnail icon for Unity Bank
Unity Bank

First Home Buyer Advantage Plus Home Loan

5.99% p.a.

6.76% p.a.

$0.00

Thumbnail icon for Bendigo Bank
Bendigo Bank

Express Home Loan

6.01% p.a.

6.14% p.a.

$10.00 monthly

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. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

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