Qudos Bank Fixed Rate Home Loan

3.99% p.a.

4.18% p.a.

$0.00

4.39% p.a.

4.76% p.a.

$0.00

Qudos Bank Fixed Rate Home Loan Review

Review published: 22 March 2018

What's hot:

  • 2018 Mozo Experts Choice Award winner

  • Fixed rates from 3.89% (4.21% comparison rate)

  • No application fee or annual fee

  • Free extra repayments (up to $10,000 per year)

What's not:

  • No offset account

  • No redraw facility

Mozo snapshot:

Australian homeowners can enjoy low fees and the security that comes with a fixed rate with Qudos Bank’s Fixed Rate Home Loan. Picking up a gong in the 2018 Mozo Experts Choice Awards’ Fixed Rate Home Loan and Split Home Loan categories, owner occupiers can take advantage of a series of competitive fixed rates ranging from 3.89% p.a. to 4.19% p.a. for 1, 2, 3, 4 or 5 year terms and won’t have to pay a single cent to submit an application.

Key features:

Affordable rates aside, Qudos Bank will also allow its Fixed Rate Home Loan customers to make up to $10,000 worth of additional repayments at no extra cost and provides the freedom to choose whether you pay your mortgage on a weekly, fortnightly or monthly basis. If you want to hedge your bets on a variable rate cut, you will also be able to split your home loan between these fixed rates and the ongoing variable rate with Qudos Bank.

The Fixed Rate Home Loan has a maximum LVR of 90%, which means you’ll only need a 10% deposit at the ready. You’re also free to spend large because, while the minimum loan amount is set at $150,000, there is no maximum limit as long as you can meet the repayments.

There are a couple of things to keep in mind with this home loan, however. No redraw facility means that if you make extra repayments you won’t be able to make any withdrawals and there isn’t an option of an offset account.

Who it's good for:

Owner occupiers who want to safeguard themselves against a rate rise can take advantage of the low fees and competitive fixed rates associated with the Fixed Rate Home Loan.

Any catches?

Just make sure you’re ready to commit those additional repayments as you won’t be able to redraw on your loan or pay them into an offset account.

If you have less than a 20% deposit, just be aware that you’ll also need to pay lenders mortgage insurance when you take out the loan. And once the fixed interest rate period over, the loan will revert to 4.24%.

The Mozo community has not yet rated Qudos Bank for this home loan.

Currently showing

Rates

  • p.a.

  • p.a.

  • 0 Months

  • none

  • 3.89% (4.21%*)

  • 3.89% (4.18%*)

  • 3.99% (4.18%*)

  • 4.19% (4.23%*)

  • 4.19% (4.23%*)

  • (*)

  • (*)

  • 4.24% p.a.

Fees

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $0.00

  • $275.00

Other financial bits

  • $150,000

  • none

  • none

  • 90.00%

Features

  • Monthly, Fortnightly, Weekly

  • yes - free up to $10,000 p.a.

  • no

  • no

  • none

  • yes

  • no

  • none

  • none

Rates

  • p.a.

  • p.a.

  • 0 Months

  • none

  • 4.39% (4.85%*)

  • 4.39% (4.80%*)

  • 4.39% (4.76%*)

  • 4.59% (4.79%*)

  • 4.79% (4.85%*)

  • (*)

  • (*)

  • 4.89% p.a.

Fees

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $0.00

  • $275.00

Other financial bits

  • $150,000

  • none

  • none

  • 80.00%

Features

  • Monthly, Fortnightly, Weekly

  • yes - free up to $10,000 p.a.

  • no

  • no

  • none

  • yes

  • no

  • none

  • none

About Qudos Bank

Qudos Bank (previously Qantas Credit Union) is a customer owned bank and was established in 1959. Qudos Bank has an A2 investment grade rating and offers a full range of banking products including credit cards, home loans, personal loans and saving accounts.

*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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