Features

An annual package fee of $395 applies.

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.  Minimum deposit of 10%.


 

Compare

Comparing home loans can be a time-consuming process so we’ve engaged the help of MOZO to crunch the numbers on your behalf. The graph below shows what you would have saved over the past 2 years*.

A Big 4 home loan would’ve cost you thousands more.

Mozo Comparison Graph

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.

Offset accounts work as a transaction account linked to your home loan. The money in that account ‘offsets’ daily against the balance of your loan. So, it reduces the interest you need to pay because interest is only charged on your net balance (i.e. your overall loan balance minus your offset account balance). In other words, the loan ‘thinks’ you've paid that money off your loan already, reducing the interest charged accordingly. Qudos Bank offers multiple offset accounts on most home loans, check with your lending specialist.

Once you've submitted your application and supporting information, conditional approval is usually obtained within 48 hours, subject to satisfactory credit checks and verification of financial and property information. Your Home Loan Specialist can provide more information about approving your loan.

Yes, we offer the option for you to divide your home loan into multiple accounts across different variable rate products so you can access the different loan features in the way that suits you.

A redraw facility allows you to take back the extra payments you have made on your loan account. For example, your minimum monthly loan repayments are $3,000. If you pay $3,200 each month for a period of 6 months you'll have paid an additional $1,200 on top of your minimum repayments. The redraw facility allows you to access that extra $1,200 if required.

Documents and forms

2.29 % p.a.  Interest rate

2.73 % p.a.  Comparison rate

T&Cs apply. Apps from 29 November 2021​​ for loan amounts over $150,000, owner-occupied, principal and interest, deposits 30% 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. For interest only loans, the rate shown is the rate that applies during the interest only period of your loan. At the end of the interest only period, the variable rate reverts to the interest rate applicable to a new principal and interest Low Cost Value Package home loan with a deposit or equity of 20% or more, currently 2.39% for owner occupied loans and 2.94% for investment loans. Interest only available for 1 to 5 years and is 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.
  • 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. For interest only loans, the comparison rate is based on a 5-year interest only period, reverting to the interest rate applicable to a principal and interest loan with a deposit of 20% or more for the relevant purpose.

3 Waived annually whilst signed up to the Value Package. Only available for one Visa Platinum Credit Card per Value Package.

4 Offer valid for new Allianz Home and Contents insurance policies purchased through Qudos Bank branches or via the Qudos Bank contact centre and cannot be used in conjunction with any other offer. Offer applies to standard rates (excluding optional covers) and is for the first year’s premium only (unless stated otherwise). Minimum premiums may apply. Any discounts / entitlements may be subject to rounding and only apply to the extent any minimum premium is not reached. Other discounts may apply to insurance purchased via other methods.

Qudos Bank arranges this insurance as an agent for Allianz Australia Insurance Limited ABN 15 000 122 850, ASFL No. 234 708. Any advice here does not take into consideration your objectives, financial situation or needs, which you should consider before acting on our recommendations. Before deciding to acquire this insurance, please read the relevant Product Disclosure Statement (PDS), our Financial Services Guide and the Allianz Financial Services Guide. To see the PDS please click on the relevant insurance product PDS: www.qudosbank.com.au/Products/Insurance or to have the PDS sent out to you, call us on 1300 747 747. We receive commission on these insurance products as a percentage of the premium paid for each policy ranging between 10–30%. See our FSG or ask us for more details.

5 Rate applies to term deposits during the term of your Low Cost Home Loan (Value Package). Specific terms and minimum amounts apply. See the Value Package Terms and Conditions for more details. Interest paid on maturity. Not applicable to special rate term deposits.

6 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.

7 Repayment Holidays are not available on interest only loans. Applications are subject to Qudos Bank’s approval.


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.