8.0 / 10

based on 354 reviews as rated by Mozo community

Qudos Bank personal loans

Qudos Bank, previously known as Qantas Credit Union, offers a range of personal loans so whether you’re after a loan for a holiday, a new car or to consolidate debt you’ll find a Qudos loan product suitable. Plus, Qudos Bank snapped up a 2021 Mozo Experts Choice Award for Best Used Car Loan. 

So that you can quickly compare the interest rates and fees to decide which loan will best suit you, we’ve listed the products side by side on this page. You can also click on the product name to learn more details about each personal loan option but if you want to compare Qudos personal loans with other provider loans in the market, head over to our personal loan comparison tool.

Qudos Bank offers the following personal loans

Rates and fees verified as correct at 03 March, 2021. Other information correct at the time of writing. Advertiser disclosure.

Product Interest rate from Comparison rate from Upfront fee
Car Loan (Up to 5 years old, Variable, Secured)

6.19% p.a.

6.40% p.a.based on $30,000
over 5 years

$150

Qantas Points Car Loan (Up to 5 years old, Fixed, Secured)

6.99% p.a.

7.20% p.a.based on $30,000
over 5 years

$150

Unsecured Personal Loan (Variable)

10.74% p.a.

11.79% p.a.based on $10,000
over 3 years

$150

What personal loans does Qudos Bank offer? 

Unsecured Personal Loan 

Looking for a loan where you don’t need to put up an asset as collateral? The Qudos Bank unsecured personal loan might be the right choice for you. With this loan you can borrow between $5,000 and $25,000 and you’ll be able to choose a period up to 7 years. Plus, there is the option to make weekly, fortnightly or monthly repayments as well as free extra repayments if you want to.  

On top of that, the good news is that the Qudos Bank unsecured personal loan and car has no ongoing, exit or early repayment fees. There is however an upfront application cost to consider. 

Car Loan 

With Qudos Bank there are two car loan options available: the variable car loan or the fixed Qantas Points car loan. These products can be used to fund a car, motorbike, caravan or boat that is up to five years old. 

The variable car loan offered by Qudos Bank is award-winning, as it took home a 2021 Mozo Experts Choice Award for best Used Car Loan. Customers can borrow between $10,000 and $150,000 over 1 to 7 years. Like the unsecured personal loan above, repayments can be made on a weekly, fortnightly or monthly basis, plus there is the option to make free extra repayments. And because the loan has a variable interest rate, there is no early termination penalty. Plus there are no ongoing account keeping fees, just be mindful of the upfront application charge.

On the other hand there is the Qantas Points Car Loan. While these loans have many of the same features, there are a few areas of difference. You are eligible to earn Qantas points with the Qantas Points Car Loan only. With this loan, you’ll earn 1000 Qantas points for every $1,000 on your loan balance every year. This loan has a higher interest rate and a higher minimum loan amount ($15,000) than the standard Qudos Car Loan so it’s important to weigh up the extra cost in interest versus the value of the points. 

Also remember, with the Qantas Points Car Loan, because it is a fixed interest rate, you may have to pay early termination fees if you pay the loan out early.

Qudos Bank personal loan features at a glance 

How do you apply for a Qudos Bank personal loan? 

To complete a personal loan application with Qudos Bank you’ll need the following information at the ready: 

You can complete an application with Qudos Bank online, over the phone or in-branch. 

How are Qudos Bank personal loans rated?

Mozo users have rated Qudos Bank 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
Qudos Bank personal loans
Overall
6.8/10
Price
Features
Customer service
Convenience
Trust

20 Reviews

Recent Qudos Bank personal loan reviews

Qudos Bank Unsecured Personal Loan (Variable) review
Overall 8/10
Pretty good.

Not the cheapest but good service.

Read full review

Not the cheapest but good service.

Price
7/10
Features
10/10
Customer service
10/10
Convenience
8/10
Trust
9/10
Less
Judith, New South Wales, reviewed over 5 years ago
Qudos Bank Personal Loan review
Overall 10/10
Great interest rates

After 15 years I have yet to have bad customer service.

Read full review

After 15 years I have yet to have bad customer service.

Price
10/10
Features
9/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Nicole, Queensland, reviewed over 5 years ago
Qudos Bank Personal Loan review
Overall 10/10
Always helps

Always helpful

Read full review

Always helpful

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Con, , reviewed about 6 years ago
Qudos Bank Personal Loan review
Overall 2/10
Very belittling experience from customer service

Just tried to organize a debt consolidation loan because we've been through a lot in the past with illness and family and are just starting to get back on track. After doing an online application we had a missed call from QQU. Called them back to see how it went, and it turned into the entire conversation with the lady talking down to me and her even laughing when I told her what car I had (for the application). She then commented on how embarrassing it was for us to be in this amount of debt (like I wasn't aware myself). I didn't mind not getting approved, it was expected. I was simply hoping to make life easier for ourselves. But then have someone pretty much BULLY you about a very personal part of our lives was terrible.

Read full review

Just tried to organize a debt consolidation loan because we've been through a lot in the past with illness and family and are just starting to get back on track. After doing an online application we had a missed call from QQU. Called them back to see how it went, and it turned into the entire conversation with the lady talking down to me and her even laughing when I told her what car I had (for the application). She then commented on how embarrassing it was for us to be in this amount of debt (like I wasn't aware myself). I didn't mind not getting approved, it was expected. I was simply hoping to make life easier for ourselves. But then have someone pretty much BULLY you about a very personal part of our lives was terrible.

Price
8/10
Features
8/10
Customer service
0/10
Convenience
0/10
Trust
0/10
Less
Dylan, , reviewed over 6 years ago

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