based on 356 Qudos Bank banking product reviews as rated by Mozo community

Qudos Bank home loans

Previously known as Qantas Credit Union, Qudos Bank has been operating in the Australian financial sector since 1959. A 100% customer-owned bank with an investment grade credit rating, Qudos Bank offers customers an alternative to the big four banks with their full range of banking products including credit cards, home loans, personal loans and saving accounts. 

In 2020, Qudos Bank took out Mozo Experts Choice Awards for best Packaged Home Loan, Split Home Loan and Fixed Rate Home Loan but check out the full range of home loans on offer below.

What home loans do Qudos Bank offer?

Rates and fees verified as correct at 28 November, 2021. Other information correct at the time of writing. Advertiser disclosure.

Fixed Rate Home Loans

Choose from 1 to 5 year fixed term options with Qudos Bank's Fixed Rate Home Loan product for investors and owner occupiers. With this home loan you can borrow amounts starting from $150,000, up to 90% of the property's value. The best news is that, aside from the competitive rates, there are very few fees involved. On the flip side (like most fixed rate loans) the features it comes equipped with are limited, though it does offer borrowers the opportunity to make up to $10,000 in fee-free extra repayments towards their loan balance each year, as well as the option to split between fixed and variable rates.

Home loan repayments calculator

years

Product Fixed 3 year rate Comparison Rate Service fee Upfront fee Monthly repayments

2.79% p.a.

2.80% p.a.

$0.00

$0

2.59% p.a.

2.75% p.a.

$0.00

$0

2.39% p.a.

2.70% p.a.

$0.00

$0

2.19% p.a.

2.64% p.a.

$0.00

$0

2.99% p.a.

3.18% p.a.

$0.00

$0

2.79% p.a.

3.13% p.a.

$0.00

$0

2.79% p.a.

3.13% p.a.

$0.00

$0

2.59% p.a.

3.08% p.a.

$0.00

$0

Variable Rate Home Loans

If you’re after a few more flexible features, take a look at the Qudos Bank variable rate home loan options on offer: the Low Cost Home LoanNo Frills Home LoanQantas Points Home Loan or Variable Rate Home Loan. Each loan is available to both owner occupiers and investors, but each has a different mix of features, fees and rates depending on your needs. Some of the features include free extra repayments and redraws, the use of multiple free offset accounts and even the ability to earn yourself Qantas Points over the life of the mortgage. For more details on each product though, check out the linked reviews below.

Home loan repayments calculator

years

Product Rate Comparison Rate Service fee Upfront fee Monthly repayments

3.54% p.a.

2.95% p.a.

$0.00

$0

3.34% p.a.

2.87% p.a.

$0.00

$0

2.59% p.a.

2.59% p.a.

$0.00

$0

2.79% p.a.

2.79% p.a.

$0.00

$0

2.49% p.a.

2.49% p.a.

$0.00

$0

3.14% p.a.

2.67% p.a.

$0.00

$0

2.39% p.a.

2.39% p.a.

$0.00

$0

2.29% p.a.

2.29% p.a.

$0.00

$0

3.64% p.a.

3.05% p.a.

$0.00

$0

3.44% p.a.

2.97% p.a.

$0.00

$0

2.89% p.a.

2.89% p.a.

$0.00

$0

2.69% p.a.

2.69% p.a.

$0.00

$0

4.14% p.a.

4.18% p.a.

$0.00

$600

4.24% p.a.

4.28% p.a.

$0.00

$600

3.94% p.a.

3.57% p.a.

$0.00

$600

3.39% p.a.

3.43% p.a.

$0.00

$600

3.49% p.a.

3.53% p.a.

$0.00

$600

3.19% p.a.

3.23% p.a.

$0.00

$600

3.54% p.a.

3.23% p.a.

$0.00

$0

3.34% p.a.

3.15% p.a.

$0.00

$0

3.24% p.a.

3.24% p.a.

$0.00

$0

3.04% p.a.

3.04% p.a.

$0.00

$0

3.14% p.a.

2.95% p.a.

$0.00

$0

2.84% p.a.

2.84% p.a.

$0.00

$0

3.64% p.a.

3.33% p.a.

$0.00

$0

3.44% p.a.

3.25% p.a.

$0.00

$0

3.34% p.a.

3.34% p.a.

$0.00

$0

3.14% p.a.

3.14% p.a.

$0.00

$0

4.14% p.a.

4.18% p.a.

$0.00

$600

4.24% p.a.

4.28% p.a.

$0.00

$600

3.94% p.a.

3.79% p.a.

$0.00

$600

3.84% p.a.

3.88% p.a.

$0.00

$600

3.94% p.a.

3.98% p.a.

$0.00

$600

3.64% p.a.

3.68% p.a.

$0.00

$600

Variable Package Home Loan

If you’re borrowing more than $150,000, between 80% to 90% of the property’s value, and love a perk or two, Qudos Bank's variable package home loan option - the Low Cost Home Loan (Value Package) - may be a good option for you. With this offer you’ll have a suite of features, like unlimited free extra repayments, a free redraw facility, the chance to take a repayment holiday and the use of free multiple offset accounts. On top of all that, you’ll also be able to access insurance discounts as well as an annual fee waiver ($249) on the Qudos Bank Visa Platinum Credit Card.

Home loan repayments calculator

years

Product Rate Comparison Rate Service fee Upfront fee Monthly repayments

3.44% p.a.

3.23% p.a.

$395.00 yearly

$0

3.24% p.a.

3.16% p.a.

$395.00 yearly

$0

2.49% p.a.

2.93% p.a.

$395.00 yearly

$0

2.69% p.a.

3.12% p.a.

$395.00 yearly

$0

2.39% p.a.

2.83% p.a.

$395.00 yearly

$0

3.44% p.a.

3.51% p.a.

$395.00 yearly

$0

3.24% p.a.

3.43% p.a.

$395.00 yearly

$0

3.14% p.a.

3.56% p.a.

$395.00 yearly

$0

2.94% p.a.

3.37% p.a.

$395.00 yearly

$0

Line of Credit

Are you planning a kitchen renovation or hankering for a brand new car? Let the equity already built up in your home help to pay for that next big spending goal. With a line of credit home loan from Qudos Bank, you can get your hands on up to 80% of your property’s value. You’ll enjoy $0 annual fee, $0 account keeping fee, $0 early repayment fee, just keep in mind that there is an upfront application fee to consider, and your minimum monthly repayments will be 1% of your closing loan balance.

Product Rate Comparison Rate Service fee Upfront fee

3.78% p.a.

n/a

$0.00

$600

3.78% p.a.

n/a

$0.00

$600

Qudos Bank home loan features in a glance

Free icon

Free extra repayments

Pay your home loan off quicker by making unlimited extra repayments (for free) on variable rate options and up to $10,000 per year of free extra repayments on Qudos Bank's fixed rate offer.

Offset icon

Offset account

When you choose a variable rate home loan option (except for the No Frills Home Loan) from Qudos Bank, you'll have the use of free multiple offset accounts to help you reduce the interest you're paying.

Image of coins

Fee free options

With a number of Qudos Bank's home loans, borrowers won't need to worry about paying any upfront or ongoing fees (though discharge fees may apply).

Image of coins

Package perks

Cash in on discounted insurance premiums and an annual fee waiver on a Visa Platinum Credit Card (worth $249) when you opt for Qudos Bank's Low Cost Home Loan (Value Package) offer. Just remember that this packaged loan does come with a $395 annual service fee.

How are Qudos Bank home loans rated?

Mozo users have rated Qudos Bank home loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of home-loans
Qudos Bank home loans
Overall
Price
Features
Customer service
Convenience
Trust

49 Reviews

Recent Qudos Bank home loan reviews

Qudos Bank Home Loan
Overall 1/10
The Worst Financial Institution

The Worst Financial Institution I have banked with Very bad customer service, misleading, non reliable and wrong information received for the same queries, no official letters or any form of notification sent for any changes to the home loan terms, incompetent and non helpful staff. Unfortunately stuck with them because of the fixed Home Loan terms

Read full review

The Worst Financial Institution I have banked with Very bad customer service, misleading, non reliable and wrong information received for the same queries, no official letters or any form of notification sent for any changes to the home loan terms, incompetent and non helpful staff. Unfortunately stuck with them because of the fixed Home Loan terms

Price
1/10
Features
1/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Bank, New South Wales, reviewed 10 months ago
Qudos Bank Home Loan
Overall 10/10
The best!

Qudos Bank (ex Qantas Credit Union) is a not-for-profit bank fully owned by members. And so even with their home loan offset accounts, members' funds in those accounts are safe, along with of course the usual Commonwealth Government Guarantee up to $250,000 on all of their savings accounts. Furthermore, in accessing funds from an offset account, there are no ATM fees for cash withdrawn through the big 4 banks' ATM machines. All in all, Qudos is tops for home loans as well as reliability, excellent service, and safety with members' funds.

Read full review

Qudos Bank (ex Qantas Credit Union) is a not-for-profit bank fully owned by members. And so even with their home loan offset accounts, members' funds in those accounts are safe, along with of course the usual Commonwealth Government Guarantee up to $250,000 on all of their savings accounts. Furthermore, in accessing funds from an offset account, there are no ATM fees for cash withdrawn through the big 4 banks' ATM machines. All in all, Qudos is tops for home loans as well as reliability, excellent service, and safety with members' funds.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
9/10
Trust
10/10
Less
Ian, Queensland, reviewed 10 months ago
Qudos Bank Home Loan
Overall 3/10
Cheap but no customer service.

Very slow and inefficient. It's like dealing with a bank in the 50s. You cannot get them on the phone. Long waits and then they cut you off after 15 minutes on hold. I guess it helps their phone times if they are cutting people rather than talk to them. The only good thing is their competitive pricing, but it comes at the expense of service.

Read full review

Very slow and inefficient. It's like dealing with a bank in the 50s. You cannot get them on the phone. Long waits and then they cut you off after 15 minutes on hold. I guess it helps their phone times if they are cutting people rather than talk to them. The only good thing is their competitive pricing, but it comes at the expense of service.

Price
9/10
Features
6/10
Customer service
1/10
Convenience
1/10
Trust
2/10
Less
Lesley, Queensland, reviewed 11 months ago
Qudos Bank Low Cost Home Loan
Overall 8/10
Been a customer for 30 years.

Only branch in QLD is cashless, however online options are ok. Needs Osko immediate transfer between banks.

Read full review

Only branch in QLD is cashless, however online options are ok. Needs Osko immediate transfer between banks.

Price
7/10
Features
6/10
Customer service
8/10
Convenience
4/10
Trust
7/10
Less
Sarah, Queensland, reviewed over 1 year ago
Qudos Bank Home Loan
Overall 1/10
The worst financial institution.

This is the worst financial institution I have dealt with - Very poor service - Very hard to get an answer to any question - It takes days or weeks for a simple answer - Misleading information - No official letters or emails sent for any changes to the loan terms - No help offered or professional advice - The staff is not helpful

Read full review

This is the worst financial institution I have dealt with - Very poor service - Very hard to get an answer to any question - It takes days or weeks for a simple answer - Misleading information - No official letters or emails sent for any changes to the loan terms - No help offered or professional advice - The staff is not helpful

Price
1/10
Features
1/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Investor, New South Wales, reviewed over 1 year ago

What do you need to apply for a Qudos Bank home loan?

You can apply for a mortgage with Qudos Bank online, or by arranging a phone or branch appointment. When you apply, having a few key things with you will make the process go much quicker. They are:

  • I.D (can be a driver's licence, passport or Medicare card)
  • Employment details
  • Income details including your net income amount
  • A list of your assets and their values (includes things like properties, savings, vehicles)
  • A list of your liabilities (such as credit card limits, balances and repayments)

Home loan quick links