Features

Rates

Apply if you

✓ are at least 18 years of age,

✓ are a citizen or permanent resident of Australia,

✓ are currently in paid employment,

✓ have not been bankrupt.


 

What's next? 

As your application progresses, you'll be kept up to date with email notifications and calls from your dedicated home loan specialist.

Rates displayed above are available for applications received from 29 November 2021​​ for loan amounts over $150,000.


Why us?

We're an award-winning customer-owned bank, putting people and community before profit.

"Excellent Customer Service"

Just had my home loans refinanced with Qudos Bank. Absolutely above par customer service and product offerings. Have been dealing with Antoinette at the Melbourne branch. She has been outstanding with her customer service. Am glad that I moved my home loans to Qudos Bank.

Shabby, VIC


FAQs

Read our most frequently asked questions below or view all our Home Loan FAQs.

The loan funds will be released progressively in line with your building contract and its payment schedule. These payments are known as “progress payments.” All progress payments will be paid directly to your builder upon your approval.

If you’re contributing funds to the construction, these funds will also need to paid in line with your building contract and its payment schedule.

You’ll need to provide us with the following documents:

  • Copy of the Builder’s insurance policy
  • Copy of the Builder’s license
  • Copy of the executed Fixed Price HIA/MBA Building Contract, which must include all components of construction
  • Copy of Council approved plans and specifications

It’s important you supply these as soon as possible to ensure processing your first progress payment isn’t delayed.

Before we can make a payment to your builder, you’ll need to provide us with:

  • Confirmation that your cash contribution towards the construction costs have been utilised (if applicable)
  • An invoice from your builder, signed by all borrowers stating that you authorise payment.

When the invoice is received, we’ll:

  • Have the property inspected (if required) and then if all is in order;
  • Draw the progress payment from the loan account and pay your builder directly.

We’re required to have your property inspected, so please be aware it could take up to 5 business days to process the payment. Cost of the inspection will need to be paid by you at the time an inspection is ordered.

Once construction is complete, you’ll need to provide us with:

  • A copy of the Council Occupancy Certificate or equivalent
  • A copy of your home building insurance.

If all items are satisfactory, your final payment will be processed and we’ll let you know what your repayments will be.

All documents can be:

  • Emailed to lending@qudosbank.com.au
  • Faxed to (02) 9582 3400
  • Mailed to Locked bag 5020 Mascot NSW 1460 Attention: Lending Operations
  • Sent to one of our home loan specialists at your local branch

Documents and forms

2.59 % p.a.  Interest rate

2.62 % p.a.  Comparison rate

T&Cs apply. Apps from 29 November 2021​​ for loan amounts over $150,000, owner-occupied, interest only, deposits 20% or more.

How to apply?

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Helpful Tips and Guides

Footnotes:

  • 1 Excludes existing loans, switching and variations. These offers can be withdrawn by Qudos Bank at any time. After completion of construction, your interest rate will revert to the current interest rate applicable to a new principal and interest Low Cost home loan with a deposit or equity of 20% or more, currently 2.49% for owner occupied loans and 3.04% for investment loans. During an interest only period (i.e. your construction period), your interest only payments will not reduce your loan balance. This may mean you pay more interest over the life of the loan.
  • 2 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. Our comparison rate assumes a loan of $150,000 for 25 years. The comparison rate is based on a 12 months interest only period, reverting to the interest rate applicable to a principal and interest Low Cost Home Loan with the relevant purpose (i.e. owner-occupied or investment) and deposit amount.

3 All Financial Planners are Authorised Representatives and provide advice under the authority of ClearView Financial Advice Pty Ltd, ABN 89 133 593 012, AFSL 331 367. As the information on this page is of a general nature and has been prepared without considering your objectives, financial situation or needs, before acting on the information, consider its appropriateness to your circumstances. You should read any relevant product disclosure statement, our Financial Services Guide and ClearView’s Financial Services Guide before deciding to acquire or hold any product. Further information on how ClearView handles your personal information is explained in the ClearView Privacy Policy. Qudos Bank receives commission for referrals to ClearView, refer to Qudos Bank’s Financial Services Guide (“FSG”) for more information. These documents are available on our website or by calling 1300 747 747.

4 Up to the date the final progress payment is made or 12 months from the date we first advance money to you, whichever is earliest.

5 An establishment fee of $600 applies to this loan.


Normal lending criteria, terms and conditions and fees and charges apply. Mortgage insurance is required for home loans over 80% and is subject to approval. Interest only subject to approval. During an interest only period, your interest only payments will not reduce your loan balance. This may mean you pay more interest over the life of the loan.

You should read and consider the relevant Terms and Conditions and our Financial Services Guide available on our website qudosbank.com.au, before deciding whether to obtain any of our financial products or services.