QBANK, formerly QPCU is a member owned credit union, open to police officers, emergency service workers, correctional service officers, ambos, firies, health workers, and government employees. It’s committed to making sure these everyday heroes can own their homes as simply and quickly as possible.
Rates and fees verified as correct at 21 July, 2017. Other information correct at the time of writing.
With a fixed rate home loan from QBANK, you can borrow amounts between $50,000 and $2,000,000, up to 95% of the property’s value. You’ll also have the ability to make fee free extra repayments up to $10,000 p.a. and free redraws. You can choose to make your repayments weekly, fortnightly or monthly, and while you can choose to split your loan between fixed and variable rates, there is a fee for doing so. You’ll also pay application, legal, valuation and settlement fees on this home loan.
| Product | Fixed 3 year rate | Comparison Rate* | Service fee | Upfront fee | Monthly repayments ‡ |
|---|---|---|---|---|---|
| 4.54% p.a. | 4.75% p.a. | $0.00 | $900 | ||
| 3.89% p.a. | 4.34% p.a. | $0.00 | $0 | ||
| 4.19% p.a. | 4.66% p.a. | $0.00 | $900 |
There are variable rate mortgage options from QBANK available for amounts starting from $50,000, and for up to 95% of the property’s value. The Discounted offer is only available for amounts $150,000 and above, but if you choose this option, you’ll only pay a settlement fee, rather than the settlement, application, legal and valuation fees attached to the other variable rate home loan options. On any QBANK home loan offer, you’ll be able to make unlimited free additional repayments and free redraws. You’ll also have the option to split your loan between fixed and variable rates, but remember this will incur an extra fee.
| Product | Rate | Comparison Rate* | Service fee | Upfront fee | Monthly repayments ‡ | |
|---|---|---|---|---|---|---|
| 4.74% p.a. | 4.80% p.a. | $0.00 | $900 | |||
| 4.49% p.a. | 4.49% p.a. | $0.00 | $0 | |||
| 4.10% p.a. | 4.11% p.a. | $0.00 | $0 | |||
| 4.44% p.a. | 4.50% p.a. | $0.00 | $900 | |||
| 4.25% p.a. | 4.25% p.a. | $0.00 | $0 | |||
| 4.29% p.a. | 4.35% p.a. | $0.00 | $900 | |||
| 3.88% p.a. | 3.89% p.a. | $0.00 | $0 | Go to site | ||
| 5.24% p.a. | 5.30% p.a. | $0.00 | $900 | |||
| 4.99% p.a. | 5.00% p.a. | $0.00 | $0 |
Available starting from $100,000 and for up to 95% on the property’s value, the QBANK variable rate home loan package offers a bunch of great features and perks. Not only will you be able to make unlimited free extra repayments, free redraws and use a 100% offset account, but you can also cash in on discounted insurance policies, as well as a credit card with no annual or administration fees. You’ll pay settlement and monthly service fees, and keep in mind, if you want to split your loan between fixed and variable rates, there is a fee to do so.
| Product | Rate | Comparison Rate* | Service fee | Upfront fee | Monthly repayments ‡ |
|---|---|---|---|---|---|
| 4.39% p.a. | 4.69% p.a. | $25.00 monthly | $0 | ||
| 4.79% p.a. | 5.08% p.a. | $25.00 monthly | $0 | ||
| 4.64% p.a. | 4.93% p.a. | $25.00 monthly | $0 | ||
| 4.34% p.a. | 4.65% p.a. | $25.00 monthly | $0 | ||
| 4.49% p.a. | 4.79% p.a. | $25.00 monthly | $0 | ||
| 4.09% p.a. | 4.40% p.a. | $25.00 monthly | $0 |
What's your next big spending goal? Kitchen renovations, a new car, an exotic getaway? Whatever it is, fund it through a line of credit home loan from QBANK. You can get your hands on up to 80% of the value of your property, but just remember that you’ll pay application, legal valuation and settlement fees to do it.
| Product | Rate | Comparison Rate* | Service fee | Upfront fee |
|---|---|---|---|---|
| 5.29% p.a. | n/a | $0.00 | $0 |
| Extra repaymentsExtra repayments | Make free extra repayments on your QBANK home loan and own your own home faster! Keep in mind that these are capped at $10,000 p.a. on the fixed rate offers or fixed rate portions of split loans, but are unlimited on variable rate offers. |
| Flexible repayment scheduleFlexible repayment schedule | No matter which QBANK home loan you opt for, you can match your repayments to your budget by choosing a weekly, fortnightly or monthly repayment schedule. |
| Package benefitsPackage benefits | Grab a variable rate home loan package from QBANK and enjoy discounts on your insurance, plus a QBANK credit card with no annual or administration fees. |
To find out what QBANK customers think of their home loans, check out our customer review section, where real life borrowers have rated QBANK in areas like trust, price and customer service.
* Overall rating based on reviews in the past 12 months.
I left one of the 5 big banks as they couldn't match the service and home loan rates of QPCU. Plus the staff treat you like a real person not just a number. The bank the staff ring me and ask if I need help or advice on my banking and they are so...
I left one of the 5 big banks as they couldn't match the service and home loan rates of QPCU. Plus the staff treat you like a real person not just a number. The bank the staff ring me and ask if I need help or advice on my banking and they are so incredible. The help I got re my insurance policies was the best.
Lorell (QLD), reviewed almost 2 years ago
They are very helpful and have competitive rates.
They are very helpful and have competitive rates.
Sean (QLD), reviewed over 3 years ago
So easy to deal with even though it's all over the phone. Great rate, always cut when RBA cuts.
So easy to deal with even though it's all over the phone. Great rate, always cut when RBA cuts.
Mozo reviewer (QLD), reviewed almost 4 years ago
Excellent, personal service. Great rapport with customers. Very competitive pricing. Not a lot of shop fronts but great internet service and ATM deals with other banks.
Excellent, personal service. Great rapport with customers. Very competitive pricing. Not a lot of shop fronts but great internet service and ATM deals with other banks.
Christine (QLD), reviewed over 5 years ago
We have always been with "Big Banks"...wished we changed years ago. We get to speak to REAL people and better still - the same person every time. Home Loan,Savings,Credit Card - they have it all. We have never been happier with a bank - they have...
We have always been with "Big Banks"...wished we changed years ago. We get to speak to REAL people and better still - the same person every time. Home Loan,Savings,Credit Card - they have it all. We have never been happier with a bank - they have all the $$$ we have and even with the small amount it totals they treat us as though we matter....unlike other banks.
Regina (QLD), reviewed over 5 years ago
Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.
* The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a home loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years, and applies only to this example. Different amounts and terms will result in different comparison rates. Full comparison rate schedules are available from lenders. Costs such as redraw fees or early repayment fees, and savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
‡ Results from this calculation are estimates only as individual lenders apply different formulas. Actual repayments will depend on your individual circumstances and interest rate changes.
† Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers.
The first step is becoming a member, which you can do if you are a Queensland resident and a current or former:
Or a relative of one of the above people.
Then when you go to apply for a home loan, make sure you have:
