Previously known as Qantas Credit Union, Qudos Bank has been operating in the Australian financial sector for over 55 years. It aims to challenge the big banks by offering borrowers a range of banking products that are ‘so unbank like’. This mindset seems to have paid off with Qudos Bank taking out the Home Loan Bank of the Year award in the 2017 Mozo Experts Choice Awards. Check out its home loans on offer below.
Rates and fees verified as correct at 23 June, 2017. Other information correct at the time of writing.
For a no-frills, low cost home loan, check out the fixed rate option on offer from Qudos Bank. With this home loan, you can borrow amounts starting from $150,000, up to 95%. The best news is, there are no fees at all to pay on this offer! But on the flip side, the features it comes equipped with are limited. You have the option to split between fixed and variable rates, and the chance to make up to $10,000 p.a. in fee-free extra repayments, but that’s about it.
| Product | Fixed 3 year rate | Comparison Rate* | Service fee | Upfront fee | Monthly repayments ‡ |
|---|---|---|---|---|---|
| 4.39% p.a. | 4.58% p.a. | $0.00 | $0 | ||
| 4.09% p.a. | 4.21% p.a. | $0.00 | $0 |
If you’re after a few more flexible features, take a look at the Qudos Bank variable rate home loan offer. You can borrow up to 95% of the property’s value, and in terms of flexible features, you’ll have unlimited free extra repayments, a free redraw facility (minimum applies) and the use of an offset account. Just keep in mind that in return for these added features, you'll pay an upfront application fee.
| Product | Rate | Comparison Rate* | Service fee | Upfront fee | Monthly repayments ‡ |
|---|---|---|---|---|---|
| 5.19% p.a. | 5.24% p.a. | $0.00 | $600 | ||
| 4.58% p.a. | 4.63% p.a. | $0.00 | $600 |
If you’re borrowing more than $150,000, up to 95% of the property’s value, and love a perk or two, the Qudos Bank variable package home loan may be a good option for you. With this mortgage offer, you’ll have a suite of flexible features, like unlimited free extra repayments, a free redraw facility (minimum applies), the chance to take a repayment holiday and the use of an offset account. On top of all that, you’ll also be able to cash in on discounts on your Qudos Bank insurance premiums and if you opt for a Qantas Points home loan offer, some Qantas rewards points.
| Product | Rate | Comparison Rate* | Service fee | Upfront fee | Monthly repayments ‡ |
|---|---|---|---|---|---|
| 4.74% p.a. | 4.75% p.a. | $0.00 | $0 | ||
| 4.64% p.a. | 4.65% p.a. | $0.00 | $0 | ||
| 4.59% p.a. | 4.60% p.a. | $0.00 | $0 | ||
| 4.54% p.a. | 4.55% p.a. | $0.00 | $0 | ||
| 4.34% p.a. | 4.34% p.a. | $0.00 | $0 | ||
| 3.99% p.a. | 3.99% p.a. | $0.00 | $0 | ||
| 4.79% p.a. | 4.80% p.a. | $0.00 | $0 | ||
| 4.19% p.a. | 4.19% p.a. | $0.00 | $0 |
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. 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 |
|---|---|---|---|---|
| 4.58% p.a. | n/a | $0.00 | $600 | |
| 4.58% p.a. | n/a | $0.00 | $600 |
| Free extra repaymentsFree extra repayments | Pay your home loan off quicker by making unlimited fee free extra repayments on variable rate options and up to $10,000 p.a. of extra repayments on the fixed rate offer. |
| Offset accountOffset account | When you choose a variable rate home loan option from Qudos Bank, you'll have the use of an offset account to help keep interest costs low. |
| Fee free optionsFee free options | Choose the variable package or fixed rate mortgage offer from Qudos Bank and you won’t have any fees to budget for! But remember that other options come with an upfront application fee. |
| Package perksPackage perks | Cash in on discounted insurance premiums and even some Qantas rewards points when you take out a variable rate home loan package with Qudos Bank. |
Read through our customer review section to find out how everyday Aussies rate Qudos Bank home loans on things like convenience, trust and customer service.
* Overall rating based on reviews in the past 12 months.
Vanessa (SA), reviewed over 1 year ago
Competitive interest rates and no monthly or annual fees.
Competitive interest rates and no monthly or annual fees.
Matt (NSW), reviewed over 1 year ago
So helpful and easy to work with
So helpful and easy to work with
Robyn (WA), reviewed over 1 year ago
Nicole (QLD), reviewed over 1 year ago
Always available to answer any queries and to discuss options.
Always available to answer any queries and to discuss options.
Dyanne (QLD), reviewed almost 2 years ago
Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.
* The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a home loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years, and applies only to this example. Different amounts and terms will result in different comparison rates. Full comparison rate schedules are available from lenders. Costs such as redraw fees or early repayment fees, and savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
‡ Results from this calculation are estimates only as individual lenders apply different formulas. Actual repayments will depend on your individual circumstances and interest rate changes.
† Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers.
You can apply for a mortgage with Qudos Bank online, or by arranging a phone, skype or face-to-face appointment. When you apply, having a few key things with you will make the process go much quicker. They are:
