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QBANK Classic Home Loan

Advertiser disclosure

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 80%

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 loan between $150,000 and $2,000,000 with an LVR below 80%

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

  • Owner Occupier (Principal & Interest)

    LVR < 80%

    Loan: $150,000 $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)

    LVR < 80%

    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

Rate
2.69% p.a.
Comparison Rate
2.72% p.a.
Service fee
$0.00
Upfront fee
$195
Rate
2.86% p.a.
Comparison Rate
2.89% p.a.
Service fee
$0.00
Upfront fee
$195
Rate
3.21% p.a.
Comparison Rate
3.24% p.a.
Service fee
$0.00
Upfront fee
$195
Rate
3.03% p.a.
Comparison Rate
3.10% p.a.
Service fee
$0.00
Upfront fee
$895
Rate
3.21% p.a.
Comparison Rate
3.28% p.a.
Service fee
$0.00
Upfront fee
$895
Rate
3.81% p.a.
Comparison Rate
3.88% p.a.
Service fee
$0.00
Upfront fee
$895
Rate
3.84% p.a.
Comparison Rate
3.87% p.a.
Service fee
$0.00
Upfront fee
$195
Rate
4.19% p.a.
Comparison Rate
4.26% p.a.
Service fee
$0.00
Upfront fee
$895
Rate
4.19% p.a.
Comparison Rate
4.26% p.a.
Service fee
$0.00
Upfront fee
$895

Mozo editorial review QBANK Classic Home Loan

Last updated: 30 October 2020.

binocular icon
What's hot
  • 2.69% variable rate (2.72% 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 80% of the property’s value on variable rates as low as 2.69% (2.72% 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 icon
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 2.69% (2.72% 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 3.03% (3.10% 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.


snapshot
Who is it 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.

snapshot
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 30 October 2020. 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
  • 2.69% p.a.

  • n/a

  • n/a

  • n/a

  • 2.72% 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

  • 80.00%

Features
  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $0.00

  • yes

  • no

  • $100 Split loan fee. To be eligible for the Special Offer Discount Rates, a salary credit of at least $1,500 per month must be deposited into QBANK transaction account.

  • none

  • none

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 30 October 2020. 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
  • 2.86% p.a.

  • n/a

  • n/a

  • n/a

  • 2.89% 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. To be eligible for the Special Offer Discount Rates, a salary credit of at least $1,500 per month must be deposited into QBANK transaction account.

  • none

  • none

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 30 October 2020. 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
  • 3.21% p.a.

  • n/a

  • n/a

  • n/a

  • 3.24% 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. To be eligible for the Special Offer Discount Rates, a salary credit of at least $1,500 per month must be deposited into QBANK transaction account.

  • none

  • none

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 30 October 2020. 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
  • 3.03% p.a.

  • n/a

  • n/a

  • n/a

  • 3.10% 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

  • 80.00%

Features
  • Investor

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $0.00

  • yes

  • no

  • $100 Split loan fee. To be eligible for the Special Offer Discount Rates, a salary credit of at least $1,500 per month must be deposited into QBANK transaction account.

  • none

  • none

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 30 October 2020. 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
  • 3.21% p.a.

  • n/a

  • n/a

  • n/a

  • 3.28% 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. To be eligible for the Special Offer Discount Rates, a salary credit of at least $1,500 per month must be deposited into QBANK transaction account.

  • none

  • none

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 30 October 2020. 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
  • 3.81% p.a.

  • n/a

  • n/a

  • n/a

  • 3.88% 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. To be eligible for the Special Offer Discount Rates, a salary credit of at least $1,500 per month must be deposited into QBANK transaction account.

  • none

  • none

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 30 October 2020. 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
  • 3.84% p.a.

  • n/a

  • n/a

  • n/a

  • 3.87% 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

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 30 October 2020. 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
  • 4.19% p.a.

  • n/a

  • n/a

  • n/a

  • 4.26% 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

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 30 October 2020. 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
  • 4.19% p.a.

  • n/a

  • n/a

  • n/a

  • 4.26% 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

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

How are QBANK home loans rated by the Mozo community?

Overall
9.0/10
Price
8.9/10
Features
8.5/10
Customer service
8.8/10
Convenience
8.2/10
Trust
8.9/10

Latest reviews of QBANK Classic Home Loan

  • Overall 10/10
    So much better than the big four!

    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.

    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.

    Price
    8/10
    Features
    8/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    9/10
    Less
    Angela, Queensland reviewed about 1 year ago
  • Overall 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 incredible. The help I got re my insurance policies was the best.

    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.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Lorell, Queensland reviewed about 5 years ago
  • Overall 10/10
    Top bank

    They are very helpful and have competitive rates.

    Read 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 almost 7 years ago
  • Overall 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.

    Read 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
    Mozo community reviewer, Queensland reviewed about 7 years ago
QBANK

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.

See QBANK home loans

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2.48% p.a. variable

2.50% p.a.

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fixed 3 years

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Athena

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AcceleRATES Variable Home Loan

2.34% p.a. variable

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UBank

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UHomeLoan - Discount Offer

2.49% p.a. variable

2.49% p.a.

Suncorp

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Back to Basics

2.68% p.a. variable

2.69% p.a.

Bank of Queensland

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Economy

2.59% p.a. variable

2.76% p.a.

IMB Bank

IMB Bank

Budget Home Loan

2.61% p.a. variable

2.67% p.a.

AMP Bank

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Variable Rate Loan (Professional Package)

2.59% p.a. variable

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loans.com.au

loans.com.au

Smart Home Loan

2.48% p.a. variable

2.50% p.a.

HSBC

HSBC

Fixed Rate Home Loan

2.29% p.a.
fixed 3 years

2.95% p.a.

Athena

Athena

AcceleRATES Variable Home Loan

2.34% p.a. variable

2.34% p.a.

UBank

UBank

UHomeLoan - Discount Offer

2.49% p.a. variable

2.49% p.a.

Suncorp

Suncorp

Fixed Home Loan (Home Package Plus)

2.49% p.a.
fixed 3 years

3.28% p.a.

Bank of Queensland

Bank of Queensland

Economy

2.59% p.a. variable

2.76% p.a.

IMB Bank

IMB Bank

Budget Home Loan

2.61% p.a. variable

2.67% p.a.

AMP Bank

AMP Bank

Variable Rate Loan (Professional Package)

2.59% p.a. variable

3.00% p.a.

loans.com.au

loans.com.au

Smart Home Loan

2.48% p.a.

2.50% p.a.

HSBC

HSBC

Home Value Loan

2.59% p.a.

2.60% p.a.

Athena

Athena

AcceleRATES Variable Home Loan

2.34% p.a.

2.34% p.a.

UBank

UBank

UHomeLoan - Discount Offer

2.49% p.a.

2.49% p.a.

Suncorp

Suncorp

Back to Basics

2.68% p.a.

2.69% p.a.

Bank of Queensland

Bank of Queensland

Economy

2.59% p.a.

2.76% p.a.

IMB Bank

IMB Bank

Budget Home Loan

2.61% p.a.

2.67% p.a.

AMP Bank

AMP Bank

Variable Rate Loan (Professional Package)

2.59% p.a.

3.00% p.a.

loans.com.au

loans.com.au

Fixed Home Loan

n/a

n/a

HSBC

HSBC

Fixed Rate Home Loan

2.29% p.a.
fixed 3 years

2.95% p.a.

Homestar

Homestar

Star Classic Fixed Home Loan

2.06% p.a.
fixed 3 years

2.38% p.a.

UBank

UBank

UHomeLoan (1 Year Fixed)

n/a

n/a

Suncorp

Suncorp

Fixed Home Loan (Home Package Plus)

2.49% p.a.
fixed 3 years

3.28% p.a.

Bank of Queensland

Bank of Queensland

Fixed Rate

2.25% p.a.
fixed 3 years

3.41% p.a.

IMB Bank

IMB Bank

Fixed Home Loan

2.39% p.a.
fixed 3 years

3.08% p.a.

AMP Bank

AMP Bank

Fixed Rate Loan (Professional Package)

2.49% p.a.
fixed 3 years

3.07% p.a.

loans.com.au

loans.com.au

Smart Home Loan

2.48% p.a.

2.50% p.a.

$0.00

Athena

Athena

AcceleRATES Variable Home Loan

2.34% p.a.

2.34% p.a.

$0.00

UBank

UBank

UHomeLoan - Discount Offer

2.49% p.a.

2.49% p.a.

$0.00

Homestar

Homestar

Star Essentials Home Loan

2.29% p.a.

2.32% p.a.

$0.00

Suncorp

Suncorp

Back to Basics

2.68% p.a.

2.69% p.a.

$0.00

Bank of Queensland

Bank of Queensland

Economy

2.59% p.a.

2.76% p.a.

$10.00 monthly

IMB Bank

IMB Bank

Budget Home Loan

2.61% p.a.

2.67% p.a.

$0.00

AMP Bank

AMP Bank

Variable Rate Loan (Professional Package)

2.59% p.a.

3.00% p.a.

$349.00 yearly

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.