At Qudos Bank, we use a daily interest calculation method to determine the interest charges for your Low Cost Home Loan. This means that the interest on your loan is calculated on a daily basis, based on the outstanding balance of your loan.
Our loan interest calculation method allows for up to ten decimal places in rounding the daily interest rate. This level of precision ensures that interest is calculated as accurately as possible, and that you’re only charged the appropriate amount of interest on your loan.
It's important to note that the interest rate on your Low Cost Home Loan can vary over time, depending on market conditions and other factors. We encourage you to stay up-to-date on your interest rate and to speak with one of our lending specialists if you have any questions or concerns.
We acknowledge the Traditional Owners of the lands on which we operate and pay our respects to Elders past and present, and to emerging community leaders. We also acknowledge the important role Aboriginal and Torres Strait Islander peoples continue to play within the communities in which Qudos Bank operates and where our team members reside.
