Qudos Bank Low Cost Home Loan (Package)

4.34% p.a.

4.34% p.a.

$0.00

3.99% p.a.

3.99% p.a.

$0.00

4.09% p.a.

4.10% p.a.

$0.00

4.74% p.a.

4.75% p.a.

$0.00

4.64% p.a.

4.65% p.a.

$0.00

4.74% p.a.

4.75% p.a.

$0.00

4.59% p.a.

4.60% p.a.

$0.00

4.54% p.a.

4.55% p.a.

$0.00

Qudos Bank Low Cost Home Loan (Package) Review

Rates and fees information correct as at 22 August 2017.

Review published: 10 September 2015

What's hot:

  • Rates starting from 3.99% (3.99% comparison rate)

  • No establishment or settlement fees

  • Redraw and offset facilities

  • Mozo Experts Choice Awards 2017 - Home Loan Bank of the Year

What's not:

Mozo snapshot:

If you’re after a home loan from an award winning lender with a low variable rate, no upfront or ongoing fees and great features to boot like an extra repayments, redraw and offset facility, look no further than Qudos Bank’s Low Cost Home Loan Package.

Its home loans impressed the Mozo Experts Choice judges so much it was awarded the 2017 Home Loan Bank of the Year award

Key features:

Are you an owner occupier? There are different rates available with the Low Cost Home Loan Package for those purchasing their own home: The first one sits at a competitive 3.99% (3.99% comparison rate) if you’re looking to borrow over $250,000 with an LVR below 90%. That rate climbs slightly to 4.34% (4.34% comparison rate) for loan amounts under $250,000 with an LVR below 90%. If your LVR is between 90% - 95%, and you'e borrowing more than $250,000, the rate is 4.09% (comparison rate 4.10%).

After an investment loan? For investors rates are quite a bit higher, with a rate of 4.54% (comparison rate 4.55%) if you're looking to borrow over $1 million, 4.59% (comparison rate 4.60%) for amounts between $750,000 and $999,999, 4.64% (comparison rate 4.65%) for amounts between $250,000 and $749,000, and 4.74% (comparison rate 4.75%) for amounts between $150,000 and $249,999, all with an LVR below 90%. If your LVR is higher, between 90% - 95%, you'll pay a rate of 4.74% (comparison rate 4.75%).

The good news is for both owner occupiers and investors the Low Cost Home Loan Package won’t cost you when it comes to upfront fees, with $0 application, legal, valuation and settlement fees. Plus you won’t be charged an ongoing service fee.

The Low Cost Home Loan Package comes with great flexibility, allowing you to choose between repaying both the principal and interest or opting for interest only repayments. You can also set up your repayments to suit your pay day (e.g weekly, fortnightly or monthly).

You’ll enjoy fee free additional repayments thanks to the extra repayments facility and can redraw on that amount when needed through the redraw facility. Alternatively, you could decide to stash your cash in the 100% offset account attached to the home loan.

Who it's good for:

The Low Cost Home Loan Package is a great option for both owner occupiers and investors looking for a low fee mortgage with flexible features attached. Plus, since you can borrow up to 95% of the property’s value, it’s a great option for those first home buyers out there. Investors are however limited to borrowing only 80% of the property's value.

Any catches?

While it’s almost free of fees, just be mindful that there is a $275 discharge fee when you pay out the loan.

How are Qudos Bank home loans rated by the Mozo community?

Product Type Overall Rating Price Features Service Convenience Trust
8.6

Based on 11
Qudos Bank home loans reviews

8.6 8.7 8.4 7.9 8.7

Read Qudos Bank home loan reviews by the Mozo community

Latest reviews of Qudos Bank Low Cost Home Loan (Package)

Qudos Bank

Qudos Bank Low Cost Home Loan (Owner Occupier, LVR<90%) (Package) home loan review

Overall rating   9 / 10

Excellent customer service and great rates!

Loyalty and trust. We stay loyal to each other and they are fair, trustworthy and reliable in return.

Loyalty and trust. We stay loyal to each other and they are fair, trustworthy and reliable in return.

    Price   8 / 10

    Features   6 / 10

    Customer service   9 / 10

    Convenience   9 / 10

    Trust   9 / 10

Less

Sarah (NSW), reviewed over 4 years ago

Qudos Bank

Qudos Bank Low Cost Home Loan (Owner Occupier, LVR<90%) (Package) home loan review

Overall rating   10 / 10

Everything about this product is A+

After being with one of the "Big 4" for many years, I finally decided that I needed a change. I just couldn't take the arrogance of the existing bank anymore. Thought I'd take a punt, and hoped for the best but expected mediocre at best. How wrong...

After being with one of the "Big 4" for many years, I finally decided that I needed a change. I just couldn't take the arrogance of the existing bank anymore. Thought I'd take a punt, and hoped for the best but expected mediocre at best. How wrong I was. Excellent and efficient from Day 1. Easy to deal with over the phone and internet. Didn't even have to go to a branch. My only regret.....I didn't change over earlier! A breath of fresh air in these old lungs!!

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Mal (ACT), reviewed over 4 years ago

Qudos Bank

Qudos Bank Low Cost Home Loan (Owner Occupier, LVR<90%) (Package) home loan review

Overall rating   9 / 10

Near Perfect. Low fees, all service(s) exemplary.

We refinanced to this product to keep all our banking needs with the one institution, who've been stellar in their service and commitment to our needs. Everything we wanted in a loan, we got with this. PROS * an existing account can...

We refinanced to this product to keep all our banking needs with the one institution, who've been stellar in their service and commitment to our needs. Everything we wanted in a loan, we got with this. PROS * an existing account can become your offset account, so your savings automatically contribute to reducing your interest (and the usual monthly/fortnightly debits towards paying off the mortgage, come out of the same account). * redraw any time you want (not that you likely need it, considering the above), via secure email from within the online banking site. * the interest rate was very competitive compared to our previous provider, and whilst there are cheaper options, none are from as trusted or strong an institution. * you can pay extra into the mortgage as well (beyond the extra 'safety net' of the always-available offset account) just as a further redundancy. * having over $10k saved with the institution results in them covering up to $100 of ATM service fees per month, more than enough for most people (and the use of St George or Westpac ATMs are free of service fee) * all of the above is fee free, as is the account in general. CONS The only negatives I can see with this product are more with the institution in general * only have 4 branches - Mascot, Hurstville, Sydney CBD, and Miranda - however our needs for in-person banking have been so few and far between that these have been more than sufficient. * membership conditions require you to be QANTAS staff, or family member of same.

    Price   8 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   8 / 10

    Trust   10 / 10

Less

Kent (NSW), reviewed over 5 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.

Currently showing

Rates

  • 4.34% p.a.

  • n/a

  • 0 Months

  • none

  • 4.34% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $0.00

  • $275.00

Other financial bits

  • $150,000

  • $249,999

  • none

  • 90.00%

Features

  • Owner Occupier

  • Principal & Interest, Interest Only

  • Monthly, Fortnightly, Weekly

  • yes - free

  • yes

  • yes - free

  • $0.00

  • yes

  • yes

  • none

  • 10% off Allianz Home and Contents Insurance.

Rates

  • 3.99% p.a.

  • n/a

  • 0 Months

  • none

  • 3.99% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $0.00

  • $275.00

Other financial bits

  • $250,000

  • none

  • none

  • 90.00%

Features

  • Owner Occupier

  • Principal & Interest, Interest Only

  • Monthly, Fortnightly, Weekly

  • yes - free

  • yes

  • yes - free

  • $0.00

  • yes

  • yes

  • none

  • 10% off Allianz Home and Contents Insurance.

Rates

  • 4.09% p.a.

  • n/a

  • 0 Months

  • none

  • 4.10% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $0.00

  • $275.00

Other financial bits

  • $250,000

  • none

  • 90.00%

  • 95.00%

Features

  • Owner Occupier

  • Principal & Interest, Interest Only

  • Monthly, Fortnightly, Weekly

  • yes - free

  • yes

  • yes - free

  • $0.00

  • yes

  • yes

  • none

  • 10% off Allianz Home and Contents Insurance.

Rates

  • 4.74% p.a.

  • n/a

  • 0 Months

  • none

  • 4.75% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $0.00

  • $275.00

Other financial bits

  • $150,000

  • $249,999

  • none

  • 80.00%

Features

  • Investor

  • Principal & Interest, Interest Only

  • Monthly, Fortnightly, Weekly

  • yes - free

  • yes

  • yes - free

  • $0.00

  • yes

  • yes

  • none

  • 10% off Allianz Home and Contents Insurance.

Rates

  • 4.64% p.a.

  • n/a

  • 0 Months

  • none

  • 4.65% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $0.00

  • $275.00

Other financial bits

  • $250,000

  • $749,999

  • none

  • 80.00%

Features

  • Investor

  • Principal & Interest, Interest Only

  • Monthly, Fortnightly, Weekly

  • yes - free

  • yes

  • yes - free

  • $0.00

  • yes

  • yes

  • none

  • 10% off Allianz Home and Contents Insurance.

Rates

  • 4.74% p.a.

  • n/a

  • 0 Months

  • none

  • 4.75% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $0.00

  • $275.00

Other financial bits

  • $150,000

  • none

  • 90.00%

  • 95.00%

Features

  • Investor

  • Principal & Interest, Interest Only

  • Monthly, Fortnightly, Weekly

  • yes - free

  • yes

  • yes - free

  • $0.00

  • yes

  • yes

  • none

  • 10% off Allianz Home and Contents Insurance.

Rates

  • 4.59% p.a.

  • n/a

  • 0 Months

  • none

  • 4.60% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $0.00

  • $275.00

Other financial bits

  • $750,000

  • $999,999

  • none

  • 80.00%

Features

  • Investor

  • Principal & Interest, Interest Only

  • Monthly, Fortnightly, Weekly

  • yes - free

  • yes

  • yes - free

  • $0.00

  • yes

  • yes

  • none

  • 10% off Allianz Home and Contents Insurance.

Rates

  • 4.54% p.a.

  • n/a

  • 0 Months

  • none

  • 4.55% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $0.00

  • $275.00

Other financial bits

  • $1,000,000

  • none

  • none

  • 80.00%

Features

  • Investor

  • Principal & Interest, Interest Only

  • Monthly, Fortnightly, Weekly

  • yes - free

  • yes

  • yes - free

  • $0.00

  • yes

  • yes

  • none

  • 10% off Allianz Home and Contents Insurance.

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.

*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.

Compare other home loans