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 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 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 < 90%

    Loan: $150,000 $2,000,000

  • Investor (Principal & Interest, Interest Only)

    LVR < 90%

    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

Fixed 3 year rate
1.97% p.a.
Comparison Rate
3.39% p.a.
Service fee
$0.00
Upfront fee
$195
Fixed 3 year rate
2.29% p.a.
Comparison Rate
3.77% p.a.
Service fee
$0.00
Upfront fee
$895
Fixed 3 year rate
2.19% p.a.
Comparison Rate
3.45% p.a.
Service fee
$0.00
Upfront fee
$195
Fixed 3 year rate
2.54% p.a.
Comparison Rate
3.83% p.a.
Service fee
$0.00
Upfront fee
$895
Fixed 3 year rate
2.64% p.a.
Comparison Rate
3.86% p.a.
Service fee
$0.00
Upfront fee
$895

Mozo editorial review QBANK Fixed Rate - last updated: 20 May 2021

binocular icon
What's hot
  • Special 1.87% 2 year fixed rate (3.52% comparison rate*) for LVRs lower than 90%
  • No application or service fee
  • Borrow with 5% deposit
  • 2021 Mozo Experts Choice Award winner
What's not
  • No offset account
  • $530 discharge fee
Mozo snapshot

For many homeowners, fixing their rate is a great way to stay on top of repayments and if this sounds like you, then you might want to know about the 2021 Mozo Expert Choice Award winning QBANK Fixed Rate Home Loan. With this loan, you could snag a discounted 2 year fixed rate of 1.87% (3.52% comparison rate*) if you have an LVR lower than 90% or a fixed 2 year rate of 2.19% (3.58% comparison rate*) if you want borrow up to 95% of the property’s value. Just remember, on all loans with an LVR higher than 80%, you will need to pay Lenders Mortgage Insurance (LMI). The good news is, there’s no application or monthly service fees, meaning you can put every last dollar you saved on fees toward paying off your loan.

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Key features

These days nearly everyone appreciates flexibility when it comes to their financial products, which is why the QBANK Fixed Rate Home Loan a great pick. If you’ve been struggling to come up with a 20% deposit, you may be in luck, as you’ll be able to borrow with as little as a 5% deposit! However, this does mean you’ll have to pay LMI.

At the moment, QBANK is offering some discounted rates for customers with an LVR lower than 90%: 

- 2 year special fixed rate: 1.87% (3.52% comparison rate*) 

- 3 year special fixed rate: 1.97% (3.39% comparison rate*) 

If you want to borrow more than 90%, the rates are a bit higher, but still sit at a competitive: 

- 2 year fixed rate: 2.19% (3.58% comparison rate*) 

- 3 year fixed rate: 2.19% (3.45% comparison rate*)  

Plus, no matter your LVR, you may also be pleased to know that there are no application or service fees attached to this loan product.

There’s also the option to choose your repayment schedule - either on a weekly, fortnightly or monthly basis, plus you’ll be able to make free extra repayments up to $10,000. And if you ever need the cash back for a sudden expense, there is also a handy redraw facility available.

One thing you will need to keep in mind about the QBANK Fixed Rate Home Loan is that you will need to budget for the $530 discharge and $195 settlement fee. There is also no offset account with this loan.

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Who is it good for

The QBANK Fixed Rate Home Loan is a great choice for those who aren’t fussed with having extra perks like an offset account and are only after a simple loan with a competitive fixed rate.

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Any catches

While there are no monthly service or application fees, keep in mind that this loan does have a $530 discharge and $195 settlement fee, so you will have to work this cost into your budget.

Another thing to keep in mind is that the QBANK Fixed Rate Home Loan does not come with an offset account.

Details

Rates and fees information correct as at 28 July 2021. 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

n/a

n/a

n/a

n/a

1.97% (3.69%*)

1.87% (3.52%*)

1.97% (3.39%*)

n/a

n/a

n/a

n/a

3.84% p.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

Weekly, Fortnightly, Monthly

yes - free up to $10,000 p.a, $30,000 in total

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 28 July 2021. 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

n/a

n/a

n/a

n/a

2.29% (4.08%*)

2.29% (3.92%*)

2.29% (3.77%*)

n/a

n/a

n/a

n/a

4.19% p.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

Weekly, Fortnightly, Monthly

yes - free up to $10,000 p.a, $30,000 in total

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 28 July 2021. 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

n/a

n/a

n/a

n/a

2.19% (3.71%*)

2.19% (3.58%*)

2.19% (3.45%*)

2.49% (3.42%*)

2.49% (3.33%*)

n/a

n/a

3.84% p.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

Weekly, Fortnightly, Monthly

yes - free up to $10,000 p.a, $30,000 in total

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 28 July 2021. 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

n/a

n/a

n/a

n/a

2.54% (4.11%*)

2.54% (3.96%*)

2.54% (3.83%*)

2.84% (3.81%*)

2.84% (3.72%*)

n/a

n/a

4.19% p.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

Weekly, Fortnightly, Monthly

yes - free up to $10,000 p.a, $30,000 in total

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 28 July 2021. 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

n/a

n/a

n/a

n/a

2.64% (4.12%*)

2.64% (3.98%*)

2.64% (3.86%*)

2.84% (3.81%*)

2.84% (3.72%*)

n/a

n/a

4.19% p.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

Weekly, Fortnightly, Monthly

yes - free up to $10,000 p.a, $30,000 in total

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

About QBANK

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.