QBANK home loans

QBANK
QBANK's overall rating for home loans

(as rated by the Mozo community)

8.9 / 10

based on 11 reviews

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 18 December, 2018. Other information correct at the time of writing.

What home loans do QBANK offer?

Fixed Rate Home Loans Fixed Rate Home Loans

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.

Home loan repayments calculator
years
Product Fixed 3 year rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

4.54% p.a.

4.87% p.a.

$0.00

$895

4.54% p.a.

4.87% p.a.

$0.00

$895

3.89% p.a.

4.39% p.a.

$0.00

$195

4.05% p.a.

4.74% p.a.

$0.00

$895

3.75% p.a.

4.36% p.a.

$0.00

$195


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Variable Rate Home Loans Variable Rate Home Loans

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.

Home loan repayments calculator
years
Product Rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡  

4.90% p.a.

4.96% p.a.

$0.00

$895

4.90% p.a.

4.96% p.a.

$0.00

$895

4.55% p.a.

4.57% p.a.

$0.00

$195

4.25% p.a.

4.27% p.a.

$0.00

$195

3.84% p.a.

4.17% p.a.

$0.00

$195

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4.70% p.a.

4.76% p.a.

$0.00

$895

4.35% p.a.

4.41% p.a.

$0.00

$895

5.40% p.a.

5.46% p.a.

$0.00

$895

5.40% p.a.

5.46% p.a.

$0.00

$895

5.05% p.a.

5.06% p.a.

$0.00

$195


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Variable Package Home Loan Variable Package Home Loan

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.

Home loan repayments calculator
years
Product Rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

4.95% p.a.

5.24% p.a.

$25.00 monthly

$0

4.80% p.a.

5.09% p.a.

$25.00 monthly

$0

4.55% p.a.

4.84% p.a.

$25.00 monthly

$0

4.55% p.a.

4.84% p.a.

$25.00 monthly

$0

4.95% p.a.

5.24% p.a.

$25.00 monthly

$0

4.80% p.a.

5.09% p.a.

$25.00 monthly

$0

4.40% p.a.

4.70% p.a.

$25.00 monthly

$0

4.55% p.a.

4.84% p.a.

$25.00 monthly

$0

4.15% p.a.

4.45% p.a.

$25.00 monthly

$0


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Line of Credit Line of Credit

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

5.35% p.a.

n/a

$0.00

$0

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*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.

‡ 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.

QBANK home loan features in a glance

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.

How are QBANK home loans rated?

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.

QBANK home loans

Overall 8.9

Price

Features

Customer service

Convenience

Trust

11 Reviews

Recent QBANK home loan reviews Recent QBANK home loan reviews

QBANK

QBANK Discounted Classic Home Loan (LVR <90%, Owner Occupier) home loan review

Overall rating   10 / 10

Competitive premiums, greatest customer service'

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...

Full review

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.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Lorell, Queensland, reviewed over 3 years ago

QBANK

QBANK Discounted Classic Home Loan (LVR <90%, Owner Occupier) home loan review

Overall rating   10 / 10

Top bank

They are very helpful and have competitive rates.

Full review

They are very helpful and have competitive rates.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Sean, Queensland, reviewed about 5 years ago

QBANK

QBANK Discounted Classic Home Loan (LVR <90%, Owner Occupier) home loan review

Overall rating   9 / 10

Great rates, great customer service

So easy to deal with even though it's all over the phone. Great rate, always cut when RBA cuts.

Full review

So easy to deal with even though it's all over the phone. Great rate, always cut when RBA cuts.

    Price   10 / 10

    Features   9 / 10

    Customer service   9 / 10

    Convenience   9 / 10

    Trust   9 / 10

Less

Name not supplied, Queensland, reviewed over 5 years ago

QBANK

QBANK Classic Plus Home Loan (Owner Occupier) (Package) home loan review

Overall rating   9 / 10

Trustworthy, reliable and looking after members

I have been with the Qld Police Credit Union for 24 years and they have always been able to help me and my family with loans, credit cards and savings accounts. I would not use any other bank.

Full review

I have been with the Qld Police Credit Union for 24 years and they have always been able to help me and my family with loans, credit cards and savings accounts. I would not use any other bank.

    Price   9 / 10

    Features   9 / 10

    Customer service   9 / 10

    Convenience   9 / 10

    Trust   9 / 10

Less

Tony, Queensland, reviewed over 6 years ago

QBANK

QBANK Classic Plus Mortgage Secured Overdraft (Package) home loan review

Overall rating   8 / 10

treated like a real person not another customer

applied for home loan over phone as no office other than Brisbane,returned calls when they say they would, confirmed i received all paperwork, very helpful

Full review

applied for home loan over phone as no office other than Brisbane,returned calls when they say they would, confirmed i received all paperwork, very helpful

    Price   9 / 10

    Features   8 / 10

    Customer service   8 / 10

    Convenience   5 / 10

    Trust   9 / 10

Less

Kate, Queensland, reviewed over 6 years ago

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What do you need to apply for a QBANK home loan? What do you need to apply for a QBANK home loan?

The first step is becoming a member, which you can do if you are a Queensland resident and a current or former:

  • Local, State or Federal Government employee
  • Police Service employee (QLD or Federal)
  • Police Union employee
  • Police Credit Union employee
  • Police Youth Club employee
  • Fire and Emergency Services employee
  • Ambulance Service employee
  • Corrective Services employee
  • Member of a credit union affiliated with the Federation of Police Mutuals
  • Taxi driver
  • SES volunteer
  • Rural Fire Service volunteer
  • St John Ambulance officer
  • Surf Lifesaver

Or a relative of one of the above people.

Then when you go to apply for a home loan, make sure you have:

  • Details and proof of your employment, including recent payslips
  • Your financial details, including debts, assets and expenses
  • Photo I.D
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