8.8 / 10

based on 84 QBANK reviews as rated by Mozo community

QBANK personal loans

QBANK (formerly QPCU) provides specialised products for the Queensland police force, fire and rescue service personel, ambulance officers, SES personel, public sector employees and their families. QBANK focuses on providing financial solutions through a diverse range of financial products in home loans, personal loans, car loans, credit cards and a variety of savings accounts for its members.

QBANK offers the following personal loans

Rates and fees verified as correct at 06 May, 2021. Other information correct at the time of writing. Advertiser disclosure.

Product Interest rate from Comparison rate from Upfront fee
Car Loan (Up to 10 years old, Variable, Secured)

7.99% p.a.

8.61% p.a.based on $30,000
over 5 years

$195

Discounted Car Loan (Up to 5 years old, Variable, Secured)

5.99% p.a.

6.62% p.a.based on $30,000
over 5 years

$195

Discounted Personal Loan (Variable, Unsecured)

10.49% p.a.

11.11% p.a.based on $30,000
over 5 years

$195

Personal Loan (Variable, Unsecured)

12.49% p.a.

13.11% p.a.based on $30,000
over 5 years

$195

What personal loans does QBANK offer? 

Unsecured Personal Loan 

QBANK offers an unsecured personal loan that comes with a variable interest rate. Loans range from $1,000 to $75,000 - and if you are borrowing more than $5,000 you may be eligible for a discounted rate. Customers can borrow for a period between 1 and 7 years and pay down the loan on a weekly, fortnightly or monthly basis. In addition, there is also the option to make extra repayments and redraws. 

The good news is, there are no exit or early repayment charges associated with this loan. So if you pay down your entire debt ahead of time you won’t risk being slapped with a large fee. There are some other fees to be mindful of though - like the upfront application cost, ongoing monthly service fee and late payment penalty. 

It’s also important to note that with this loan there is a condition that states you must deposit a salary credit of at least $1,500 each month into a QBANK Everyday Plus transaction account. 

Car Loan 

There is also a car loan up for grabs with QBANK. This loan also comes with a variable interest rate however it allows borrowers to take out between $1,000 and $100,000. Loan terms range from 1 to 7 years and there is the option of a weekly, fortnightly or monthly repayment schedule. Like the personal loan above, the borrower can also make extra repayments and redraws at no extra charge. 

The same fee structure works for the car loan as it does for the unsecured personal loan. It also has the same condition with the QBANK Everyday Plus deposit requirements. However, remember that this loan is a secured loan - meaning you will have to put the car you intend to buy against the loan as collateral. 

QBANK personal loan features at a glance 

How do you apply for a QBANK personal loan? 

With QBANK, you can apply for a personal loan online or over the phone. To be eligible for a loan with this lender you must satisfy the following: 

If you tick the above boxes, here’s what info you’ll need to have handy for your application: 

How are QBANK personal loans rated?

Mozo users have rated QBANK personal loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of personal-loans
QBANK personal loans
Overall
8.5/10
Price
Features
Customer service
Convenience
Trust

4 Reviews

Recent QBANK personal loan reviews

QBANK Personal Loan review
Overall 9/10
Competitive rates and great customer service

Great interest rates, generally better than the big 5. Very friendly and prompt customer service.

Read full review

Great interest rates, generally better than the big 5. Very friendly and prompt customer service.

Price
9/10
Features
9/10
Customer service
10/10
Convenience
7/10
Trust
9/10
Less
Russell, New South Wales, reviewed over 5 years ago
QBANK Personal Loan review
Overall 10/10
The best

Very professional

Read full review

Very professional

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
George, Queensland, reviewed about 6 years ago
QBANK Personal Loan review
Overall 10/10
Competitive

The best I have been with!

Read full review

The best I have been with!

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Mozo community reviewer, Queensland, reviewed almost 8 years ago
QBANK Personal Loan review
Overall 5/10

Often have rude client service staff who treat you like an idiot and are unable to answer your questions.

Read full review

Often have rude client service staff who treat you like an idiot and are unable to answer your questions.

Price
3/10
Features
6/10
Customer service
0/10
Convenience
3/10
Trust
2/10
Less
Deena, Queensland, reviewed over 11 years ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers.

Personal loan quick links