Choose the version of this loan that suits you best
Availability | Loan type | LVR | Min loan amount | Max loan amount | |
---|---|---|---|---|---|
|
Owner Occupier | Principal & Interest | < 70% | $150,000 | |
|
Owner Occupier | Principal & Interest | 70%-80% | $150,000 | |
|
Owner Occupier | Principal & Interest | 80%-90% | $150,000 | |
|
Owner Occupier | Interest Only | < 70% | $150,000 | |
|
Owner Occupier | Interest Only | 70%-80% | $150,000 | |
|
Owner Occupier | Interest Only | 80%-90% | $150,000 | |
|
Investor | Principal & Interest | < 70% | $150,000 | |
|
Investor | Principal & Interest | 70%-80% | $150,000 | |
|
Investor | Principal & Interest | 80%-90% | $150,000 | |
|
Investor | Interest Only | < 70% | $150,000 | |
|
Investor | Interest Only | 70%-80% | $150,000 | |
|
Investor | Interest Only | 80%-90% | $150,000 |
One of Qudos Bank’s most popular loans, the Low Cost Home Loan features competitive variable rates from 6.24% p.a. (6.24% p.a. comparison rate*) for owner occupiers making principle and interest repayments, and has no upfront or ongoing fees. Along with a free offset account, there are other flexible features such as an extra repayments facility, a redraw facility and the option of taking a repayment holiday.
If you’re after a loan that combines a competitive variable rate, next to no fees and a range of added extras, then Qudos Bank’s Low Cost Home Loan could be worth a look.
There are a few different rate tiers with this loan depending on the kind of borrower you are, the type of repayments you'd like to make and your loan-to-value ratio (LVR). The lowest rate currently on offer for owner occupiers is 6.24% p.a. (6.24% p.a. comparison rate*) for those with an LVR of below 70% who are also willing to make principal and interest repayments.
Owner occupiers with a deposit of more than 20% who make principal and interest repayments could score a variable rate of 6.24% p.a. (6.24% p.a. comparison rate*). For investors the lowest variable rate is 6.54% p.a. (6.54% p.a. comparison rate*).
There’s nothing but flexibility with this loan, as you can make your repayments on a schedule that fits your lifestyle - either on a weekly, fortnightly or monthly basis. And what’s a home loan without a few handy features? These include the repayment holiday feature (that is, if you’ve made your repayments in advance), allowing you to take a break from your mortgage, along with free extra repayments and an offset account. And if you ever need to redraw some of those extra repayments, there’s no hassle, thanks to the free redraw facility.
Given that the Qudos Bank Low Cost Home Loan is both relatively low cost, yet still comes with a range of features, it could be a good choice for borrowers looking for a balanced home loan.
While there are no upfront fees, nor any ongoing service fees to worry about with the Low Cost Home Loan, there is a $275 discharge fee.
6.24% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
6.24% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
$0.00 |
|
$0.00 |
|
$0.00 |
|
$0.00 |
|
n/a |
|
$0.00 |
|
$275.00 |
$150,000 |
|
none |
|
none |
|
70.00% |
Owner Occupier |
|
Principal & Interest |
|
Monthly, Fortnightly, Weekly |
|
yes - free |
|
yes |
|
yes - free |
|
$0.00 |
|
yes |
|
yes |
|
none |
|
none |
|
none |
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.
6.34% p.a. |
|
n/a |
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n/a |
|
n/a |
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6.34% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
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n/a |
$0.00 |
|
$0.00 |
|
$0.00 |
|
$0.00 |
|
n/a |
|
$0.00 |
|
$275.00 |
$150,000 |
|
none |
|
70.00% |
|
80.00% |
Owner Occupier |
|
Principal & Interest |
|
Monthly, Fortnightly, Weekly |
|
yes - free |
|
yes |
|
yes - free |
|
$0.00 |
|
yes |
|
yes |
|
none |
|
none |
|
none |
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.
6.64% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
6.64% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
$0.00 |
|
$0.00 |
|
$0.00 |
|
$0.00 |
|
n/a |
|
$0.00 |
|
$275.00 |
$150,000 |
|
none |
|
80.00% |
|
90.00% |
Owner Occupier |
|
Principal & Interest |
|
Monthly, Fortnightly, Weekly |
|
yes - free |
|
yes |
|
yes - free |
|
$0.00 |
|
yes |
|
yes |
|
none |
|
none |
|
none |
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.
6.74% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
6.51% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
$0.00 |
|
$0.00 |
|
$0.00 |
|
$0.00 |
|
n/a |
|
$0.00 |
|
$275.00 |
$150,000 |
|
none |
|
none |
|
70.00% |
Owner Occupier |
|
Interest Only |
|
Monthly, Fortnightly, Weekly |
|
yes - free |
|
yes |
|
yes - free |
|
$0.00 |
|
yes |
|
yes |
|
none |
|
none |
|
none |
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.
6.84% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
6.55% p.a. |
|
n/a |
|
n/a |
|
n/a |
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n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
$0.00 |
|
$0.00 |
|
$0.00 |
|
$0.00 |
|
n/a |
|
$0.00 |
|
$275.00 |
$150,000 |
|
none |
|
70.00% |
|
80.00% |
Owner Occupier |
|
Interest Only |
|
Monthly, Fortnightly, Weekly |
|
yes - free |
|
yes |
|
yes - free |
|
$0.00 |
|
yes |
|
yes |
|
none |
|
none |
|
none |
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.
7.14% p.a. |
|
n/a |
|
n/a |
|
n/a |
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6.69% p.a. |
|
n/a |
|
n/a |
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n/a |
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n/a |
|
n/a |
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n/a |
|
n/a |
|
n/a |
$0.00 |
|
$0.00 |
|
$0.00 |
|
$0.00 |
|
n/a |
|
$0.00 |
|
$275.00 |
$150,000 |
|
none |
|
80.00% |
|
90.00% |
Owner Occupier |
|
Interest Only |
|
Monthly, Fortnightly, Weekly |
|
yes - free |
|
yes |
|
yes - free |
|
$0.00 |
|
yes |
|
yes |
|
none |
|
none |
|
none |
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.
6.54% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
6.54% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
$0.00 |
|
$0.00 |
|
$0.00 |
|
$0.00 |
|
n/a |
|
$0.00 |
|
$275.00 |
$150,000 |
|
none |
|
none |
|
70.00% |
Investor |
|
Principal & Interest |
|
Monthly, Fortnightly, Weekly |
|
yes - free |
|
yes |
|
yes - free |
|
$0.00 |
|
yes |
|
yes |
|
none |
|
none |
|
none |
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.
6.64% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
6.64% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
$0.00 |
|
$0.00 |
|
$0.00 |
|
$0.00 |
|
n/a |
|
$0.00 |
|
$275.00 |
$150,000 |
|
none |
|
70.00% |
|
80.00% |
Investor |
|
Principal & Interest |
|
Monthly, Fortnightly, Weekly |
|
yes - free |
|
yes |
|
yes - free |
|
$0.00 |
|
yes |
|
yes |
|
none |
|
none |
|
none |
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.
6.94% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
6.94% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
$0.00 |
|
$0.00 |
|
$0.00 |
|
$0.00 |
|
n/a |
|
$0.00 |
|
$275.00 |
$150,000 |
|
none |
|
80.00% |
|
90.00% |
Investor |
|
Principal & Interest |
|
Monthly, Fortnightly, Weekly |
|
yes - free |
|
yes |
|
yes - free |
|
$0.00 |
|
yes |
|
yes |
|
none |
|
none |
|
none |
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.
6.84% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
6.73% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
$0.00 |
|
$0.00 |
|
$0.00 |
|
$0.00 |
|
n/a |
|
$0.00 |
|
$275.00 |
$150,000 |
|
none |
|
none |
|
70.00% |
Investor |
|
Interest Only |
|
Monthly, Fortnightly, Weekly |
|
yes - free |
|
yes |
|
yes - free |
|
$0.00 |
|
yes |
|
yes |
|
none |
|
none |
|
none |
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.
6.94% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
6.77% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
$0.00 |
|
$0.00 |
|
$0.00 |
|
$0.00 |
|
n/a |
|
$0.00 |
|
$275.00 |
$150,000 |
|
none |
|
70.00% |
|
80.00% |
Investor |
|
Interest Only |
|
Monthly, Fortnightly, Weekly |
|
yes - free |
|
yes |
|
yes - free |
|
$0.00 |
|
yes |
|
yes |
|
none |
|
none |
|
none |
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.
7.24% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
6.90% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
$0.00 |
|
$0.00 |
|
$0.00 |
|
$0.00 |
|
n/a |
|
$0.00 |
|
$275.00 |
$150,000 |
|
none |
|
80.00% |
|
90.00% |
Investor |
|
Interest Only |
|
Monthly, Fortnightly, Weekly |
|
yes - free |
|
yes |
|
yes - free |
|
$0.00 |
|
yes |
|
yes |
|
none |
|
none |
|
none |
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.
Currently trying to have a loan approved. Commenced process almost 3 months ago, now two weeks out from settlement they have requested additional information for their assessment. This includes rental statements, tax returns and letters of rental valuation on our current residence that we will be selling. Had they have asked for this earlier on there would be no issue but seeming we are so close to settlement it is looking very unlikely we will get approval on time. Fortunately we have a Plan B and the LVR is less than 40% but for anyone relying on the bank to assist them in the process of purchasing a home I would be looking elsewhere before wasting valuable time and being unnecessarily stressed out.
Read full reviewCurrently trying to have a loan approved. Commenced process almost 3 months ago, now two weeks out from settlement they have requested additional information for their assessment. This includes rental statements, tax returns and letters of rental valuation on our current residence that we will be selling. Had they have asked for this earlier on there would be no issue but seeming we are so close to settlement it is looking very unlikely we will get approval on time. Fortunately we have a Plan B and the LVR is less than 40% but for anyone relying on the bank to assist them in the process of purchasing a home I would be looking elsewhere before wasting valuable time and being unnecessarily stressed out.
Only branch in QLD is cashless, however online options are ok. Needs Osko immediate transfer between banks.
Read full reviewOnly branch in QLD is cashless, however online options are ok. Needs Osko immediate transfer between banks.
Loyalty and trust. We stay loyal to each other and they are fair, trustworthy and reliable in return.
Read full reviewLoyalty and trust. We stay loyal to each other and they are fair, trustworthy and reliable in return.
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!!
Read full reviewAfter 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!!
Simple to sign-up, no pushy over-commitment, best rates going around, full featured, no fees.
Read full reviewSimple to sign-up, no pushy over-commitment, best rates going around, full featured, no fees.
Home Value Loan
6.09% p.a. variable
6.09% p.a.
Fixed Rate
6.59% p.a.
fixed 3 years
7.06% p.a.
Offset Home Loan (Package)
6.15% p.a. variable
6.40% p.a.
Basic Home Loan (Fixed)
5.99% p.a.
fixed 3 years
6.13% p.a.
Offset Home Loan (Package)
6.15% p.a.
6.40% p.a.
Basic Home Loan
6.15% p.a.
6.17% p.a.
Elevate
6.09% p.a.
6.20% p.a.
Basic Home Loan (Fixed)
5.99% p.a.
fixed 3 years
6.13% p.a.
Fixed Rate Loan (with Orange Advantage)
5.99% p.a.
fixed 3 years
6.12% p.a.
Basic Home Loan (Fixed)
6.09% p.a.
fixed 3 years
6.19% p.a.
Fixed Rate
6.59% p.a.
fixed 3 years
7.06% p.a.
Home Value Loan
6.09% p.a.
6.09% p.a.
$0.00
Offset Home Loan (Package)
6.15% p.a.
6.40% p.a.
$248.00 yearly
Basic Home Loan
6.15% p.a.
6.17% p.a.
$0.00
Elevate
6.09% p.a.
6.20% p.a.
$0.00
First Home Buyer Loan
5.90% p.a.
5.93% p.a.
$0.00
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.