QBANK Classic Home Loan

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

  • 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

3.84% p.a.

3.87% p.a.

$0.00

QBANK Classic Home Loan

3.84% p.a.

3.87% p.a.

$0.00

4.35% p.a.

4.42% p.a.

$0.00

QBANK Classic Home Loan

4.35% p.a.

4.42% p.a.

$0.00

4.55% p.a.

4.62% p.a.

$0.00

QBANK Classic Home Loan

4.55% p.a.

4.62% p.a.

$0.00

4.55% p.a.

4.57% p.a.

$0.00

QBANK Classic Home Loan

4.55% p.a.

4.57% p.a.

$0.00

4.90% p.a.

4.97% p.a.

$0.00

QBANK Classic Home Loan

4.90% p.a.

4.97% p.a.

$0.00

4.90% p.a.

4.97% p.a.

$0.00

QBANK Classic Home Loan

4.90% p.a.

4.97% p.a.

$0.00

Mozo Review   QBANK Classic Home Loan Review

Last updated: 15 May 2019.

What's hot:
  • 3.84% variable rate (3.87% 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 3.84% (3.87% 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 3.84% (3.87% 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 4.35% (4.42% 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 18 June 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
  • 3.84% p.a.

  • n/a

  • 0 Months

  • none

  • 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

  • none

  • $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

  • Receive $1,500 cashback when you refinance an existing loan of $150,000 or more, apply by 30 June 2019, are approved and settle within 60 days.

*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 18 June 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
  • 4.35% p.a.

  • n/a

  • 0 Months

  • none

  • 4.42% 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

  • none

  • $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

  • Receive $1,500 cashback when you refinance an existing loan of $150,000 or more, apply by 30 June 2019, are approved and settle within 60 days.

*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 18 June 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
  • 4.55% p.a.

  • n/a

  • 0 Months

  • none

  • 4.62% 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

  • none

  • $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

  • Receive $1,500 cashback when you refinance an existing loan of $150,000 or more, apply by 30 June 2019, are approved and settle within 60 days.

*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 18 June 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
  • 4.55% p.a.

  • n/a

  • 0 Months

  • none

  • 4.57% 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

  • none

  • $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

  • Receive $1,500 cashback when you refinance an existing loan of $150,000 or more, apply by 30 June 2019, are approved and settle within 60 days.

*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 18 June 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
  • 4.90% p.a.

  • n/a

  • 0 Months

  • none

  • 4.97% 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

  • none

  • $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

  • Receive $1,500 cashback when you refinance an existing loan of $150,000 or more, apply by 30 June 2019, are approved and settle within 60 days.

*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 18 June 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
  • 4.90% p.a.

  • n/a

  • 0 Months

  • none

  • 4.97% 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

  • none

  • $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

  • Receive $1,500 cashback when you refinance an existing loan of $150,000 or more, apply by 30 June 2019, are approved and settle within 60 days.

*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 customer rating
8.9/10
Price
9.0/10
Features
8.5/10
Customer service
8.7/10
Convenience
8.0/10
Trust
8.9/10

Latest reviews of QBANK Classic Home Loan

  • 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....

    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

    Lorell | Queensland

    reviewed almost 4 years ago

  • Overall
    10/10
    Top bank

    They are very helpful and have competitive rates.

    They are very helpful and have competitive rates.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10

    Sean | Queensland

    reviewed over 5 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.

    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

    Name not supplied | Queensland

    reviewed almost 6 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

Promoted

QBANK

QBANK

Fixed Rate

p.a.

4.33% p.a.

$0.00

Promoted

loans.com.au

loans.com.au

Smart Home Loan

3.28% p.a. variable

3.30% p.a.

$520

Promoted

UBank

UBank

UHomeLoan (Fixed)

n/a

n/a

$395

Promoted

HSBC

HSBC

Home Value Loan

3.47% p.a. variable

3.48% p.a.

$150

Promoted

Athena

Athena

Variable Home Loan

3.34% p.a. variable

3.30% p.a.

$0

Promoted

Bank of Queensland

Bank of Queensland

Fixed Rate

3.39% p.a.
fixed 3 years

4.41% p.a.

$450

Promoted

Macquarie

Macquarie

Basic Home Loan (Fixed)

3.59% p.a.
fixed 3 years

3.49% p.a.

$0

Promoted

ME

ME

Basic Home Loan

3.97% p.a. variable

3.99% p.a.

$400

Promoted

Bank Australia

Bank Australia

Basic Home Loan

3.76% p.a. variable

3.77% p.a.

$0

Promoted

UBank

UBank

UHomeLoan - Discount Offer

3.59% p.a.

3.59% p.a.

$0

Promoted

loans.com.au

loans.com.au

Smart Home Loan

3.28% p.a.

3.30% p.a.

$520

Promoted

HSBC

HSBC

Home Value Loan

3.47% p.a.

3.48% p.a.

$150

Promoted

Homestar

Homestar

Star Essentials Home Loan

3.24% p.a.

3.25% p.a.

$0

Promoted

Well Home Loans

Well Home Loans

Well Balanced

3.22% p.a.

3.23% p.a.

$0

Promoted

ME

ME

Basic Home Loan

3.97% p.a.

3.99% p.a.

$400

Promoted

Bank of Queensland

Bank of Queensland

Economy

3.99% p.a.

4.15% p.a.

$450

Promoted

Athena

Athena

Variable Home Loan

3.34% p.a.

3.30% p.a.

$0

Promoted

UBank

UBank

UHomeLoan (Fixed)

n/a

n/a

$395

Promoted

Bank of Queensland

Bank of Queensland

Fixed Rate

3.39% p.a.
fixed 3 years

4.41% p.a.

$450

Promoted

loans.com.au

loans.com.au

Fixed Home Loan

3.48% p.a.
fixed 3 years

3.85% p.a.

$520

Promoted

Tic:Toc

Tic:Toc

Fixed Home Loan

n/a

n/a

$0

Promoted

Macquarie

Macquarie

Basic Home Loan (Fixed)

3.59% p.a.
fixed 3 years

3.49% p.a.

$0

Promoted

UBank

UBank

UHomeLoan (Fixed)

3.24% p.a.
fixed 3 years

3.88% p.a.

$395

Promoted

QBANK

QBANK

Fixed Rate

3.62% p.a.
fixed 3 years

4.33% p.a.

$195

Promoted

Bank Australia

Bank Australia

Basic Home Loan (Fixed)

3.74% p.a.
fixed 3 years

3.95% p.a.

$0

Promoted

loans.com.au

loans.com.au

Smart Home Loan

3.28% p.a.

3.30% p.a.

$0.00

Promoted

HSBC

HSBC

Home Value Loan

3.47% p.a.

3.48% p.a.

$0.00

Promoted

Athena

Athena

Variable Home Loan

3.34% p.a.

3.30% p.a.

$0.00

Promoted

Bank Australia

Bank Australia

Basic Home Loan

3.76% p.a.

3.77% p.a.

$0.00

Promoted

Homestar

Homestar

Star Essentials Home Loan

3.24% p.a.

3.25% p.a.

$0.00

Promoted

Mortgage House

Mortgage House

Red Home Loan - Early Bird Special

3.29% p.a.

3.36% p.a.

$0.00

Promoted

Hume Bank

Hume Bank

Flexi Low Rate

3.79% p.a.

3.79% p.a.

$0.00

Promoted

Heritage Bank

Heritage Bank

Discount Variable Home Loan

3.77% p.a.

3.82% p.a.

$0.00

*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.