Qudos Bank No Frills Home Loan
This product is available in different versions. Pick the right version for you here.
The details shown below are for an owner occupier taking out a principal & interest loan of at least $150,000 with an LVR below 80%
The details shown below are for an owner occupier taking out a interest only loan of at least $150,000 with an LVR below 80%
The details shown below are for an investor taking out a principal & interest loan of at least $150,000 with an LVR below 80%
The details shown below are for an investor taking out a interest only loan of at least $150,000 with an LVR below 80%
Choose the version of this loan that suits you best
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
| | Owner Occupier | Principal & Interest | < 80% | $150,000 | |
| | Owner Occupier | Interest Only | < 80% | $150,000 | |
| | Investor | Principal & Interest | < 80% | $150,000 | |
| | Investor | Interest Only | < 80% | $150,000 |
-
Owner Occupier (Principal & Interest)
LVR < 80%
Loan: $150,000
-
Owner Occupier (Interest Only)
LVR < 80%
Loan: $150,000
-
Investor (Principal & Interest)
LVR < 80%
Loan: $150,000
-
Investor (Interest Only)
LVR < 80%
Loan: $150,000
3.08% p.a.
3.08% p.a.
$0.00
Qudos Bank No Frills Home Loan
3.08% p.a.
3.08% p.a.
$0.00
Qudos Bank No Frills Home Loan
3.08% p.a.
3.08% p.a.
$0.00
3.48% p.a.
3.49% p.a.
$0.00
Qudos Bank No Frills Home Loan
3.48% p.a.
3.49% p.a.
$0.00
Qudos Bank No Frills Home Loan
3.48% p.a.
3.49% p.a.
$0.00
3.38% p.a.
3.39% p.a.
$0.00
Qudos Bank No Frills Home Loan
3.38% p.a.
3.39% p.a.
$0.00
Qudos Bank No Frills Home Loan
3.38% p.a.
3.39% p.a.
$0.00
3.78% p.a.
3.79% p.a.
$0.00
Qudos Bank No Frills Home Loan
3.78% p.a.
3.79% p.a.
$0.00
Qudos Bank No Frills Home Loan
3.78% p.a.
3.79% p.a.
$0.00
Mozo Review Qudos Bank No Frills Home Loan Review
Last updated: 16 December 2019.
What's hot:
3.08% variable interest rate (3.08% comparison rate*)
No application or ongoing service fees
Free extra repayments
What's not:
$275 discharge fee
Mozo snapshot:
Qudos Bank are true to their word when it comes to the No Frills Home Loan, offering a seriously low 3.08% variable rate (3.08% comparison rate*) to owner occupiers while keeping fees to a minimum. Borrowers will even be able to draw on handy features like the extra repayments facility, not to mention a flexible repayment schedule.
Key features:
If you're an owner-occupier aiming to make principal and interest repayments, Qudos Bank offers a low 3.08% variable rate (3.08% comparison rate*) for loans over $150,000 with a deposit of at least 20%. This one's also available for interest-only repayments and investors.
And when it comes to keeping costs low, the No Frills Home Loan doesn't come with any application, legal or settlement fees, nor will borrowers be hit with an ongoing service fee throughout the life of the loan. Just bear in mind that you will be charged a $275 discharge fee when you finish paying off your loan.
While it may not feature the likes of an offset account, Qudos Banksā home loan is certainly far from āno frillsā - providing borrowers the opportunity to pay off their loan faster with a free extra repayments facility, plus youāll have the flexibility to make your repayments in weekly, fortnightly or monthly instalments.
Who it's good for:
This is a great option for borrowers who want to keep their costs and repayments to a minimum with a home loan that offers both a low interest rate and a limited number of fees.
Any catches?
This home loan comes with a maximum LVR of 80% - that means you must have at least a 20% deposit to put toward your new home purchase to be eligible. This may not be a problem for some borrowers, but if you were hoping to get into the market with a smaller deposit, the Qudos Bank No Frills Home Loan may not be the right fit.
Details
Rates and fees information correct as at 22 January 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.Rates
-
3.08% p.a.
-
n/a
-
n/a
-
n/a
-
3.08% 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
-
n/a
-
$0.00
-
$275.00
Other financial bits
-
$150,000
-
none
-
none
-
80.00%
Features
-
Owner Occupier
-
Principal & Interest
-
Monthly, Fortnightly, Weekly
-
yes - free
-
no
-
yes - free
-
none
-
yes
-
no
-
none
-
none
-
none
Details
Rates and fees information correct as at 22 January 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.Rates
-
3.48% p.a.
-
n/a
-
n/a
-
n/a
-
3.49% 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
-
n/a
-
$0.00
-
$275.00
Other financial bits
-
$150,000
-
none
-
none
-
80.00%
Features
-
Owner Occupier
-
Interest Only
-
Monthly, Fortnightly, Weekly
-
yes - free
-
no
-
yes - free
-
none
-
yes
-
no
-
none
-
none
-
none
Details
Rates and fees information correct as at 22 January 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.Rates
-
3.38% p.a.
-
n/a
-
n/a
-
n/a
-
3.39% 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
-
n/a
-
$0.00
-
$275.00
Other financial bits
-
$150,000
-
none
-
none
-
80.00%
Features
-
Investor
-
Principal & Interest
-
Monthly, Fortnightly, Weekly
-
yes - free
-
no
-
yes - free
-
none
-
yes
-
no
-
none
-
none
-
none
Details
Rates and fees information correct as at 22 January 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.Rates
-
3.78% p.a.
-
n/a
-
n/a
-
n/a
-
3.79% 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
-
n/a
-
$0.00
-
$275.00
Other financial bits
-
$150,000
-
none
-
none
-
80.00%
Features
-
Investor
-
Interest Only
-
Monthly, Fortnightly, Weekly
-
yes - free
-
no
-
yes - free
-
none
-
yes
-
no
-
none
-
none
-
none
Customer Reviews
How are Qudos Bank home loans rated by the Mozo community?
Latest review of Qudos Bank No Frills Home Loan
-
Competitive and compassionate.
I think theyāre great.
Read full reviewI think theyāre great.
Price10/10Features10/10Customer service10/10Convenience8/10LessTrust10/10
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.
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