Qudos Bank No Frills Home Loan
3.44% p.a.
3.44% p.a.
$0.00
Qudos Bank No Frills Home Loan
3.44% p.a.
3.44% p.a.
$0.00
Qudos Bank No Frills Home Loan
3.44% p.a.
3.44% p.a.
$0.00
Mozo Review Qudos Bank No Frills Home Loan Review
Last updated: 25 June 2019.
What's hot:
3.44% variable interest rate (3.44% 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 3.44% variable rate (3.44% 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:
Available to owner occupiers willing to make both principal and interest payments, Qudos Bank will help borrowers keep their repayments to a minimum thanks to the low 3.44% variable rate (3.44% comparison rate*)for loans over $150,000 with a deposit of at least 20%.
Speaking of 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 Banks’ home loan is certainly far from “no frills” - providing borrowers the opportunity to pay off their loan faster with a free extra repayments facility, plus you’ll 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 27 June 2019. 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
-
3.44% p.a.
-
n/a
-
0 Months
-
none
-
3.44% 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
-
none
-
80.00%
Features
-
Owner Occupier
-
Principal & Interest
-
Monthly, Fortnightly, Weekly
-
yes - free
-
no
-
yes - free
-
none
-
yes
-
no
-
none
-
none
Customer Reviews
How are Qudos Bank home loans rated by the Mozo community?
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.
Promoted
Bank of Queensland
Fixed Rate
3.39% p.a.
fixed 3 years
4.30% p.a.
$450
Promoted
Macquarie
Basic Home Loan (Fixed)
3.59% p.a.
fixed 3 years
3.49% p.a.
$0
Promoted
Bank of Queensland
2 Year Intro Rate Variable Home Loan
3.54% p.a.variable for 24 months and then 4.01% p.a.
4.06% p.a.
$150
Promoted
Bank of Queensland
Fixed Rate
3.39% p.a.
fixed 3 years
4.30% p.a.
$450
Promoted
loans.com.au
Fixed Home Loan
3.19% p.a.
fixed 3 years
3.63% p.a.
$520
Promoted
Bank Australia
Basic Home Loan (Fixed)
3.64% p.a.
fixed 3 years
3.74% p.a.
$0
Promoted
loans.com.au
Smart Loan Fixed (Package)
3.19% p.a.
fixed 3 years
3.63% p.a.
$520
Promoted
Mozo
Mystery Bank Deal
n/a
n/a
$745
Promoted
Mortgage House
Red Home Loan - Early Bird Special
3.29% p.a.
3.36% p.a.
$0.00
Promoted
Reduce Home Loans
Rate Lovers Variable Home Loan
3.19% p.a.
3.19% p.a.
$0.00
