Variable home loan rate decrease – we’re passing on the full 25 basis point cut to all variable home loan interest rates effective 29 May 2025. Learn more
Fraud Alert: scammers are posing as Qudos Bank staff via unsolicited SMS and phone calls, attempting to gain information from customers to access their accounts or internet banking. Learn more
If you're looking for a basic home loan with a low interest rate, a 'No Frills' home loan may be an ideal option. Typically, these loans offer a lower interest rate than standard variable home loan rates, which may help you save money on interest payments over time. Unlike other types of home loans, such as a package loan, the No Frills Home Loan does not include additional features or benefits like offset accounts or repayment holidays.
This means the No Frills Home Loan offers borrowers a simple and straightforward loan option when looking to purchase a property or refinance an existing loan. Borrowers interested in this type of loan are typically looking for a low-interest rate and are comfortable with a basic loan structure.
One of the unique benefits of our No Frills Home Loan is the ability to split your loan with a Fixed Rate Home Loan. A split home loan offers borrowers the opportunity to allocate a portion of their loan to a low variable interest rate and the other portion to a fixed interest rate. The only requirement to consider is that the borrower meets the highest minimum deposit amount to be able to access the split option.
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.
