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Qudos Bank No Frills Home Loan

Advertiser disclosure

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

  • 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

Rate
2.54% p.a.
Comparison Rate
2.54% p.a.
Service fee
$0.00
Upfront fee
$0
Rate
2.99% p.a.
Comparison Rate
2.71% p.a.
Service fee
$0.00
Upfront fee
$0
Rate
2.84% p.a.
Comparison Rate
2.84% p.a.
Service fee
$0.00
Upfront fee
$0
Rate
3.14% p.a.
Comparison Rate
2.95% p.a.
Service fee
$0.00
Upfront fee
$0

Mozo editorial review Qudos Bank No Frills Home Loan

Last updated: 17 November 2020.

binocular icon
What's hot
  • 2.54% variable interest rate (2.54% comparison rate*)
  • No application or ongoing service fees
  • Free extra repayments
  • 2020 Mozo Experts Choice Award
What's not
  • $275 discharge fee
Mozo snapshot

Qudos Bank are true to their word when it comes to the 2020 Mozo Experts Choice Award winning No Frills Home Loan, offering a seriously low 2.54% variable rate (2.54% 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 icon
Key features

If you're an owner-occupier aiming to make principal and interest repayments, Qudos Bank offers a low 2.54% variable rate (2.54% 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 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.

snapshot
Who is it 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.

snapshot
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 5 December 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
  • 2.54% p.a.

  • n/a

  • n/a

  • n/a

  • 2.54% 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

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.

Details

Rates and fees information correct as at 5 December 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
  • 2.99% p.a.

  • n/a

  • n/a

  • n/a

  • 2.71% 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

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.

Details

Rates and fees information correct as at 5 December 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
  • 2.84% p.a.

  • n/a

  • n/a

  • n/a

  • 2.84% 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

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.

Details

Rates and fees information correct as at 5 December 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
  • 3.14% p.a.

  • n/a

  • n/a

  • n/a

  • 2.95% 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

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.

Customer Reviews

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

Overall
8.2/10
Price
8.3/10
Features
7.7/10
Customer service
8.2/10
Convenience
7.1/10
Trust
8.2/10

Latest review of Qudos Bank No Frills Home Loan

  • Overall 10/10
    Competitive and compassionate.

    I think they’re great.

    Read full review

    I think they’re great.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    8/10
    Trust
    10/10
    Less
    Loretta, New South Wales reviewed about 1 year ago
Qudos Bank

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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2.59% p.a.

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2.70% p.a.

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1.95% p.a.
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2.27% p.a.

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2.73% p.a.

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3.03% p.a.

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fixed 3 years

3.01% p.a.

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n/a

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1.99% p.a.variable for 12 months and then 2.48% p.a.

2.47% p.a.

$0.00

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AcceleRATES Variable Home Loan

2.19% p.a.

2.19% p.a.

$0.00

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2.34% p.a.

2.34% p.a.

$0.00

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2.49% p.a.

2.49% p.a.

$0.00

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2.50% p.a.

$0.00

Yard

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2.12% p.a.

$0.00

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2.24% p.a.

2.21% p.a.

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2.71% p.a.

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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.