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: $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
5.79% p.a.
Comparison Rate
5.30% p.a.
Service fee
$0.00
Upfront fee
$195
Fixed 3 year rate
6.09% p.a.
Comparison Rate
5.69% p.a.
Service fee
$0.00
Upfront fee
$895
Fixed 3 year rate
6.09% p.a.
Comparison Rate
5.69% p.a.
Service fee
$0.00
Upfront fee
$895

Mozo editorial review QBANK Fixed Rate - last updated: 3 August 2022

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What's hot
  • 1-year fixed rate of 4.69% p.a. (5.07% p.a. comparison rate*) for LVRs lower than 95%
  • No application or service fee
  • 2022 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 2022 Mozo Expert Choice Home Loan Award winning QBANK Fixed Rate Home Loan. With this loan, you could snag a 1-year fixed rate as low as 4.69% p.a. (5.07% p.a. comparison rate*) if you have an LVR lower than 90%. Plus with no application or monthly service fees you can put every last dollar you save on fees towards 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 may have to have to pay Lenders Mortgage Insurance.

At the moment, QBANK is offering some discounted rates for customers with an LVR lower than 90% which go as low as 4.69% p.a. (5.07% p.a. comparison rate*) for a 1-year fixed term. 

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.

You'll also be pleased to know that there are no application or service fees attached to this loan product, though you will need to budget for the $530 discharge and $195 settlement fee.

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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 14 August 2022. 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

4.69% (5.07%*)

5.09% (5.11%*)

5.79% (5.30%*)

6.04% (5.45%*)

6.24% (5.61%*)

n/a

n/a

5.09% 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 14 August 2022. 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

4.89% (5.46%*)

5.39% (5.50%*)

6.09% (5.69%*)

6.24% (5.80%*)

6.44% (5.95%*)

n/a

n/a

5.44% 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 14 August 2022. 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

4.89% (5.46%*)

5.39% (5.50%*)

6.09% (5.69%*)

6.24% (5.80%*)

6.44% (5.95%*)

n/a

n/a

5.44% 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.

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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.