QBANK Classic Home Loan
This product is available in different versions. Pick the right version for you here.
The details shown below are for an owner occupier taking out a principal & interest loan between $150,000 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 $150,000 and $2,000,000 with an LVR below 95%
The details shown below are for an investor taking out a principal & interest, interest only loan between $150,000 and $2,000,000 with an LVR below 90%
The details shown below are for an investor taking out a principal & interest loan between $150,000 and $2,000,000 with an LVR below 95%
The details shown below are for an owner occupier taking out a principal & interest loan between $50,000 and $2,000,000 with an LVR below 95%
The details shown below are for an investor taking out a principal & interest loan between $50,000 and $2,000,000 with an LVR below 95%
The details shown below are for an investor taking out a interest only loan between $50,000 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 | < 90% | $150,000 | $2,000,000 |
| | Owner Occupier | Principal & Interest | < 95% | $150,000 | $2,000,000 |
| | Investor | Principal & Interest, Interest Only | < 90% | $150,000 | $2,000,000 |
| | Investor | Principal & Interest | 90%-95% | $150,000 | $2,000,000 |
| | Owner Occupier | Principal & Interest | < 95% | $50,000 | $2,000,000 |
| | Investor | Principal & Interest | < 95% | $50,000 | $2,000,000 |
| | Investor | Interest Only | < 90% | $50,000 | $2,000,000 |
-
Owner Occupier (Principal & Interest)
LVR < 90%
Loan: $150,000 $2,000,000
-
Owner Occupier (Principal & Interest)
LVR < 95%
Loan: $150,000 $2,000,000
-
Investor (Principal & Interest, Interest Only)
LVR < 90%
Loan: $150,000 $2,000,000
-
Investor (Principal & Interest)
LVR 90%-95%
Loan: $150,000 $2,000,000
-
Owner Occupier (Principal & Interest)
LVR < 95%
Loan: $50,000 $2,000,000
-
Investor (Principal & Interest)
LVR < 95%
Loan: $50,000 $2,000,000
-
Investor (Interest Only)
LVR < 90%
Loan: $50,000 $2,000,000
3.04% p.a.
3.07% p.a.
$0.00
QBANK Classic Home Loan
3.04% p.a.
3.07% p.a.
$0.00
QBANK Classic Home Loan
3.04% p.a.
3.07% p.a.
$0.00
3.30% p.a.
3.33% p.a.
$0.00
QBANK Classic Home Loan
3.30% p.a.
3.33% p.a.
$0.00
QBANK Classic Home Loan
3.30% p.a.
3.33% p.a.
$0.00
3.39% p.a.
3.46% p.a.
$0.00
QBANK Classic Home Loan
3.39% p.a.
3.46% p.a.
$0.00
QBANK Classic Home Loan
3.39% p.a.
3.46% p.a.
$0.00
3.90% p.a.
3.97% p.a.
$0.00
QBANK Classic Home Loan
3.90% p.a.
3.97% p.a.
$0.00
QBANK Classic Home Loan
3.90% p.a.
3.97% p.a.
$0.00
4.02% p.a.
4.04% p.a.
$0.00
QBANK Classic Home Loan
4.02% p.a.
4.04% p.a.
$0.00
QBANK Classic Home Loan
4.02% p.a.
4.04% p.a.
$0.00
4.37% p.a.
4.44% p.a.
$0.00
QBANK Classic Home Loan
4.37% p.a.
4.44% p.a.
$0.00
QBANK Classic Home Loan
4.37% p.a.
4.44% p.a.
$0.00
4.37% p.a.
4.44% p.a.
$0.00
QBANK Classic Home Loan
4.37% p.a.
4.44% p.a.
$0.00
QBANK Classic Home Loan
4.37% p.a.
4.44% p.a.
$0.00
Mozo Review QBANK Classic Home Loan Review
Last updated: 15 November 2019.
What's hot:
3.04% variable rate (3.07% comparison rate*)
No application fee
Split loan option ($100 split loan fee)
What's not:
$200 discharge fee
$195 settlement fee
Mozo snapshot:
They say nothing beats the classics and if you’re living in Queensland, you might want to check out the QBANK Classic Home Loan. With this loan, you’ll be able to borrow up to 90% of the property’s value on variable rates as low as 3.04% (3.07% comparison rate*). There’s no application, settlement or monthly service fee, plus you’ll have the added option to split your loan (for a $100 split loan fee).
Key features:
Whether you work in the Police, Ambulance or Fire services in Queensland, the QBANK Classic Home Loan might be just what you’re looking for. Featuring variable rates from as low as 3.04% (3.07% comparison rate*), the QBANK Classic Home Loan allows borrowers to apply with a 10% deposit, however this does mean you’ll need to pay Lenders Mortgage Insurance (LMI). The QBANK Classic Home Loan also comes with investor rates, starting from as low as 3.39% (3.46% comparison rate*).
There’s no application, settlement or service fees as well as no legal or valuation fee, so you can focus on paying back your loan. But you will need to budget for the $200 discharge and $195 settlement fee. While there’s no offset account attached to this loan, you will have the option to make free extra repayments, helping you cut down on interest as well as a free redraw facility.
And with the QBANK Classic Home Loan, you’ll be able to split your loan if you choose, giving you more flexibility with your interest rate - but you will have to pay a $100 split loan fee to do so.
Who it's good for:
If you’re a Queenslander who works for or has worked for QBANK’s eligible Police, Fire and Ambulance services, then the QBANK Classic Home Loan could be the right choice for you.
Any catches?
While the QBANK Classic Home Loan promises no application or service fees, keep in mind that you will need to factor in the $200 discharge and $195 settlement fee. This loan also does not come with an offset account or allow you to take repayment holidays.
Details
Rates and fees information correct as at 9 December 2019. 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
-
3.04% p.a.
-
n/a
-
n/a
-
n/a
-
3.07% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$0.00
-
$0.00
-
$0.00
-
$195.00
-
n/a
-
$0.00
-
$530.00
Other financial bits
-
$150,000
-
$2,000,000
-
none
-
90.00%
Features
-
Owner Occupier
-
Principal & Interest
-
Weekly, Fortnightly, Monthly
-
yes - free
-
no
-
yes - free
-
$0.00
-
yes
-
no
-
$100 Split loan fee
-
none
-
none
Details
Rates and fees information correct as at 9 December 2019. 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
-
3.30% p.a.
-
n/a
-
n/a
-
n/a
-
3.33% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$0.00
-
$0.00
-
$0.00
-
$195.00
-
n/a
-
$0.00
-
$530.00
Other financial bits
-
$150,000
-
$2,000,000
-
none
-
95.00%
Features
-
Owner Occupier
-
Principal & Interest
-
Weekly, Fortnightly, Monthly
-
yes - free
-
no
-
yes - free
-
$0.00
-
yes
-
no
-
$100 Split loan fee
-
none
-
none
Details
Rates and fees information correct as at 9 December 2019. 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
-
3.39% p.a.
-
n/a
-
n/a
-
n/a
-
3.46% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$700.00
-
$0.00
-
$0.00
-
$195.00
-
n/a
-
$0.00
-
$530.00
Other financial bits
-
$150,000
-
$2,000,000
-
none
-
90.00%
Features
-
Investor
-
Principal & Interest, Interest Only
-
Weekly, Fortnightly, Monthly
-
yes - free
-
no
-
yes - free
-
$0.00
-
yes
-
no
-
$100 Split loan fee
-
none
-
none
Details
Rates and fees information correct as at 9 December 2019. 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
-
3.90% p.a.
-
n/a
-
n/a
-
n/a
-
3.97% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$700.00
-
$0.00
-
$0.00
-
$195.00
-
n/a
-
$0.00
-
$530.00
Other financial bits
-
$150,000
-
$2,000,000
-
90.00%
-
95.00%
Features
-
Investor
-
Principal & Interest
-
Weekly, Fortnightly, Monthly
-
yes - free
-
no
-
yes - free
-
$0.00
-
yes
-
no
-
$100 Split loan fee
-
none
-
none
Details
Rates and fees information correct as at 9 December 2019. 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
-
4.02% p.a.
-
n/a
-
n/a
-
n/a
-
4.04% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$0.00
-
$0.00
-
$0.00
-
$195.00
-
n/a
-
$0.00
-
$530.00
Other financial bits
-
$50,000
-
$2,000,000
-
none
-
95.00%
Features
-
Owner Occupier
-
Principal & Interest
-
Weekly, Fortnightly, Monthly
-
yes - free
-
no
-
yes - free
-
$0.00
-
yes
-
no
-
$100 Split loan fee
-
none
-
none
Details
Rates and fees information correct as at 9 December 2019. 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
-
4.37% p.a.
-
n/a
-
n/a
-
n/a
-
4.44% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$700.00
-
$0.00
-
$0.00
-
$195.00
-
n/a
-
$0.00
-
$530.00
Other financial bits
-
$50,000
-
$2,000,000
-
none
-
95.00%
Features
-
Investor
-
Principal & Interest
-
Weekly, Fortnightly, Monthly
-
yes - free
-
no
-
yes - free
-
$0.00
-
yes
-
no
-
$100 Split loan fee
-
none
-
none
Details
Rates and fees information correct as at 9 December 2019. 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
-
4.37% p.a.
-
n/a
-
n/a
-
n/a
-
4.44% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$700.00
-
$0.00
-
$0.00
-
$195.00
-
n/a
-
$0.00
-
$530.00
Other financial bits
-
$50,000
-
$2,000,000
-
none
-
90.00%
Features
-
Investor
-
Interest Only
-
Weekly, Fortnightly, Monthly
-
yes - free
-
no
-
yes - free
-
$0.00
-
yes
-
no
-
$100 Split loan fee
-
none
-
none
Customer Reviews
How are QBANK home loans rated by the Mozo community?
Latest reviews of QBANK Classic Home Loan
- Overall10/10
So much better than the big four!
Excellent interest rates and limited fees. The staff have always been so friendly and super...
Read full review
Excellent interest rates and limited fees. The staff have always been so friendly and super helpful whenever I contact them. Easy to use app for online banking. So happy that I changed my banking over to QBank.
Price8/10Features8/10Customer service10/10Convenience10/10Trust9/10Less
Angela | Queensland
reviewed about 1 month ago
- Overall10/10
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....
Read 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.
Price10/10Features10/10Customer service10/10Convenience10/10Trust10/10Less
Lorell | Queensland
reviewed over 4 years ago
- Overall10/10
Top bank
They are very helpful and have competitive rates.
Read full review
They are very helpful and have competitive rates.
Price10/10Features10/10Customer service10/10Convenience10/10Trust10/10Less
Sean | Queensland
reviewed about 6 years ago
- Overall9/10
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.
Read full review
So easy to deal with even though it's all over the phone. Great rate, always cut when RBA cuts.
Price10/10Features9/10Customer service9/10Convenience9/10Trust9/10Less
Name not supplied | Queensland
reviewed over 6 years ago
About QBANK
QBANK (formerly QPCU) provides specialised products for the Queensland police force, fire and rescue service personel, ambulance officers, SES personel, public sector employees and their families. QBANK focuses on providing financial solutions through a diverse range of financial products in home loans, personal loans, car loans, credit cards and a variety of savings accounts for its members.
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