Previously known as Qantas Credit Union, Qudos Bank has been operating in the Australian financial sector for over 60 years. 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.
Rates and fees verified as correct at 21 October, 2020. Other information correct at the time of writing.
Choose from 1 to 5 year fixed term options, check out the fixed term options on offer from Qudos Bank. With this home loan, you can borrow amounts starting from $150,000, up to 90%. 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 ‡ | |
|---|---|---|---|---|---|---|
| 2.89% p.a. | 3.20% p.a. | $0.00 | $0 | |||
| 2.79% p.a. | 3.17% p.a. | $0.00 | $0 | |||
| 2.69% p.a. | 3.15% p.a. | $0.00 | $0 | |||
| 2.59% p.a. | 3.12% p.a. | $0.00 | $0 | |||
| 2.79% p.a. | 2.95% p.a. | $0.00 | $0 | |||
| 2.69% p.a. | 2.92% p.a. | $0.00 | $0 | |||
| 2.39% p.a. | 2.85% p.a. | $0.00 | $0 | |||
| 2.29% p.a. | 2.82% p.a. | $0.00 | $0 | Go to site |
If you’re after a few more flexible features, take a look at the Qudos Bank variable rate home loan options on offer. You can borrow up to 90% 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 multiple free offset accounts. If you opt for a Qantas Points home loan offer, you’ll also earn yourself Qantas Points for the life of your loan.
| Product | Rate | Comparison Rate* | Service fee | Upfront fee | Monthly repayments ‡ | |
|---|---|---|---|---|---|---|
| 3.69% p.a. | 3.38% p.a. | $0.00 | $0 | |||
| 3.59% p.a. | 3.34% p.a. | $0.00 | $0 | |||
| 3.29% p.a. | 3.29% p.a. | $0.00 | $0 | |||
| 3.19% p.a. | 3.19% p.a. | $0.00 | $0 | |||
| 3.39% p.a. | 3.08% p.a. | $0.00 | $0 | |||
| 3.29% p.a. | 3.04% p.a. | $0.00 | $0 | |||
| 2.99% p.a. | 2.99% p.a. | $0.00 | $0 | |||
| 2.89% p.a. | 2.89% p.a. | $0.00 | $0 | Go to site | ||
| 3.43% p.a. | 3.18% p.a. | $0.00 | $0 | |||
| 3.03% p.a. | 3.03% p.a. | $0.00 | $0 | |||
| 3.13% p.a. | 2.88% p.a. | $0.00 | $0 | |||
| 2.68% p.a. | 2.68% p.a. | $0.00 | $0 | Go to site | ||
| 3.84% p.a. | 3.53% p.a. | $0.00 | $0 | |||
| 3.74% p.a. | 3.49% p.a. | $0.00 | $0 | |||
| 3.44% p.a. | 3.19% p.a. | $0.00 | $0 | |||
| 3.34% p.a. | 3.34% p.a. | $0.00 | $0 | |||
| 3.54% p.a. | 3.23% p.a. | $0.00 | $0 | |||
| 3.44% p.a. | 3.19% p.a. | $0.00 | $0 | |||
| 3.14% p.a. | 3.14% p.a. | $0.00 | $0 | |||
| 3.04% p.a. | 3.04% p.a. | $0.00 | $0 | Go to site | ||
| 4.29% p.a. | 4.33% p.a. | $0.00 | $600 | |||
| 4.14% p.a. | 4.18% p.a. | $0.00 | $600 | |||
| 3.78% p.a. | 3.82% 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, Qudos Bank variable packages 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, 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 cash in on discounts on your Qudos Bank insurance premiums and annual fee waiver on a Visa Platinum Credit Card ($249).
| Product | Rate | Comparison Rate* | Service fee | Upfront fee | Monthly repayments ‡ |
|---|---|---|---|---|---|
| 3.58% p.a. | 3.65% p.a. | $395.00 yearly | $0 | ||
| 3.48% p.a. | 3.61% p.a. | $395.00 yearly | $0 | ||
| 3.18% p.a. | 3.60% p.a. | $395.00 yearly | $0 | ||
| 3.08% p.a. | 3.50% p.a. | $395.00 yearly | $0 | ||
| 3.28% p.a. | 3.35% p.a. | $395.00 yearly | $0 | ||
| 3.18% p.a. | 3.31% p.a. | $395.00 yearly | $0 | ||
| 2.88% p.a. | 3.31% p.a. | $395.00 yearly | $0 | ||
| 2.78% p.a. | 3.21% p.a. | $395.00 yearly | $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 (on owner occupied loans). 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 |
‡ 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.
| 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 (except for the No Frills Home Loan) from Qudos Bank, you'll have the use of free multiple offset accounts to help keep interest costs low. |
| Fee free optionsFee free options | Choose the variable rate or fixed rate mortgage options 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 annual fee waiver on a Visa Platinum Credit Card ($249) 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.
Only branch in QLD is cashless, however online options are ok. Needs Osko immediate transfer between banks.
Only branch in QLD is cashless, however online options are ok. Needs Osko immediate transfer between banks.
Sarah, Queensland, reviewed 3 months ago
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...
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
Investor, New South Wales, reviewed 3 months ago
New loan. Settle on 10 days ago - but apparently already in arrears. Thing is they hadn't told me they had settled (my old bank did). I assumed it would be monthly repayments on settlement. Wrong! Apparently it is first of the month only they...
New loan. Settle on 10 days ago - but apparently already in arrears. Thing is they hadn't told me they had settled (my old bank did). I assumed it would be monthly repayments on settlement. Wrong! Apparently it is first of the month only they didn't tell me this. And no information on my account numbers - still don't know what they are. In fact I know nothing about these loans except now I know they are paid 1st day of the month. They set up the wrong funding account. Of course if they communicated I might know this.
Lesley, Queensland, reviewed 4 months ago
Loretta, New South Wales, reviewed 11 months ago
Would give them negative stars, Quodos is absolutely atrocious. Initially we had a verbal assessment and used equity from an existing loan we had so we could get the new loan for a new purchase or refinance. I asked how long this would take...
Would give them negative stars, Quodos is absolutely atrocious. Initially we had a verbal assessment and used equity from an existing loan we had so we could get the new loan for a new purchase or refinance. I asked how long this would take and was told a few weeks Now fast forward 3 months, and our loan application is still processing. I had to upload all our documents (bank statements, lease agreements, property purchase contracts) 3 times. In total I sent about 80 email just to organise this loan. Then on the last week they called me and told me I could not get approved. Furious does not even bring to describe how we wanted to scream at that very moment. Do not waste your time with them and think things will get better. They have employed some very incompetent people. We called them to try get in contact with their complaint department however instead we got passed around between different people until our call got rejected. They called back to inform us that the manager of the complaints department was on leave. They also sounded extremely aggressive and unprofessional and in the end I was unable to even file a complaint. I would like to advise anyone thinking of getting a loan with Quodos bank to reconsider their options, don’t waste you time with them like I did.
Jack, New South Wales, reviewed about 1 year ago
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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:
