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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 70%

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 < 70%

    Loan: $150,000

  • Owner Occupier (Principal & Interest)

    LVR 70%-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
2.29% p.a.
Comparison Rate
2.29% p.a.
Service fee
$0.00
Upfront fee
$0
Rate
2.39% p.a.
Comparison Rate
2.39% p.a.
Service fee
$0.00
Upfront fee
$0
Rate
3.14% p.a.
Comparison Rate
2.67% 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: 27 September 2021

binocular icon
What's hot
  • Variable rates starting at 2.29% p.a. variable interest rate (2.29% p.a. 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 super competitive variable rates, from as low as 2.29% p.a. (2.29% p.a. comparison rate*) for an LVR of below 70% for owner occupiers (P&I) 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, the Qudos Bank No Frills Home Loan offers a range of competitive variable interest rates depending on the size of deposit you're willing to make, for loans over $150,000. The loan is also available for interest-only repayments and investors. 

Here are the different variable rate tiers available to owner occupiers (P&I) according to each LVR option: 

  • <70% LVR: 2.29% p.a. variable rate (2.29% p.a. comparison rate*)
  • 70-80% LVR: 2.39% p.a. variable rate (2.39% p.a. comparison rate*)

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.

question icon
Any catches

This home loan offers a minimum loan amount of $150,000 - which means this might not be the loan for you if you're looking to borrow are smaller amount.

Details

Rates and fees information correct as at 27 November 2021. 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

2.29% p.a.

n/a

n/a

n/a

2.29% 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

70.00%

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 27 November 2021. 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

2.39% p.a.

n/a

n/a

n/a

2.39% 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

70.00%

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 27 November 2021. 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

2.67% 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 27 November 2021. 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 27 November 2021. 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.

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Latest review of Qudos Bank No Frills Home Loan

About Qudos Bank

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.