QBANK home loan repayment calculator

Thinking about taking out a home loan with QBANK? Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how QBANK home loans compare with other options.

I am an

With a repayment type

Borrow amount

$

Deposit amount %

Loan term

Your estimated repayments

at interest rate 2.69 %

Total interest payable

$0

Total amount payable

$0

Pros and cons

  • Competitive package rates for larger loans.
  • Flexible fixed loan features.
  • No monthly fees on some loans.
  • Split option on basic loans.
  • Relatively low package fee.
  • Must be a member.
  • High rates on some home loans.
  • No offset account on standard variable rate home loan.
  • Limited branch access.

QBANK home loans rates

Product
Advertised Rate
Total estimated upfront fees
Comparison Rate*
Ongoing fee
Go to site
Company

2.69%

Variable

$195

2.72%

$0
QBANK
More details

2.86%

Variable

$195

2.89%

$0
QBANK
More details

3.03%

Variable

$895

3.10%

$0
QBANK
More details

3.08%

Variable

$895

3.15%

$0
QBANK
More details

3.21%

Variable

$195

3.24%

$0
QBANK
More details

1.99%

Fixed - 4 years

$195

3.26%

$0
QBANK
More details

3.21%

Variable

$895

3.28%

$0
QBANK
More details

3.21%

Variable

$895

3.28%

$0
QBANK
More details

2.49%

Fixed - 5 years

$195

3.33%

$0
QBANK
More details

2.29%

Fixed - 4 years

$195

3.36%

$0
QBANK
More details

1.89%

Fixed - 3 years

$195

3.37%

$0
QBANK
More details

3.41%

Variable

$195

3.44%

$0
QBANK
More details

2.29%

Fixed - 3 years

$195

3.47%

$0
QBANK
More details

3.16%

Variable

$195

3.49%

$25 monthly
QBANK
More details

1.99%

Fixed - 2 years

$195

3.54%

$0
QBANK
More details

2.29%

Fixed - 2 years

$195

3.59%

$0
QBANK
More details

2.24%

Fixed - 4 years

$895

3.61%

$0
QBANK
More details

2.24%

Fixed - 4 years

$895

3.61%

$0
QBANK
More details

1.89%

Fixed - 1 year

$195

3.69%

$0
QBANK
More details

2.29%

Fixed - 1 year

$195

3.72%

$0
QBANK
More details

2.84%

Fixed - 5 years

$895

3.72%

$0
QBANK
More details

2.84%

Fixed - 5 years

$895

3.72%

$0
QBANK
More details

2.14%

Fixed - 3 years

$895

3.73%

$0
QBANK
More details

2.14%

Fixed - 3 years

$895

3.73%

$0
QBANK
More details

2.64%

Fixed - 4 years

$895

3.74%

$0
QBANK
More details

2.64%

Fixed - 4 years

$895

3.74%

$0
QBANK
More details

3.51%

Variable

$195

3.83%

$25 monthly
QBANK
More details

3.51%

Variable

$195

3.83%

$25 monthly
QBANK
More details

3.51%

Variable

$195

3.83%

$25 monthly
QBANK
More details

2.64%

Fixed - 3 years

$895

3.86%

$0
QBANK
More details

2.64%

Fixed - 3 years

$895

3.86%

$0
QBANK
More details

3.84%

Variable

$195

3.87%

$0
QBANK
More details

3.39%

Fixed - 3 years

$195

3.88%

$0
QBANK
More details

3.81%

Variable

$895

3.88%

$0
QBANK
More details

2.24%

Fixed - 2 years

$895

3.91%

$0
QBANK
More details

2.24%

Fixed - 2 years

$895

3.91%

$0
QBANK
More details

2.64%

Fixed - 2 years

$895

3.98%

$0
QBANK
More details

2.64%

Fixed - 2 years

$895

3.98%

$0
QBANK
More details

2.14%

Fixed - 1 year

$895

4.07%

$0
QBANK
More details

2.14%

Fixed - 1 year

$895

4.07%

$0
QBANK
More details

2.64%

Fixed - 1 year

$895

4.12%

$0
QBANK
More details

2.64%

Fixed - 1 year

$895

4.12%

$0
QBANK
More details

4.19%

Variable

$895

4.26%

$0
QBANK
More details

4.19%

Variable

$895

4.26%

$0
QBANK
More details

4.04%

Variable

$195

4.36%

$25 monthly
QBANK
More details

4.34%

Variable

$195

4.36%

$0
QBANK
More details

4.11%

Variable

$195

4.42%

$25 monthly
QBANK
More details

4.14%

Variable

$195

4.45%

$25 monthly
QBANK
More details

4.64%

Variable

$895

4.71%

$0
QBANK
More details

4.69%

Variable

$895

4.76%

$0
QBANK
More details

4.69%

Variable

$895

4.76%

$0
QBANK
More details

QBANK customer service

QPCU has three branches in Brisbane. Members can also call the service centre five days a week for personal service. You can also access your accounts via a national network of  ATMs, a mobile banking app, internet banking and telephone banking facilities 24/7, as well as Bank@Post. You can also receive SMS alerts when banking and make SMS and email inquiries. Customer service centre (phone) Mobile app Online banking Email Brisbane branches

How to Apply

You can apply online, or through the call centre or go into a branch to become a member of QPCU. The credit union is targeted at people who ‘service and protect Queensland’ including Queensland police, Queensland Fire and Emergency Services employees, Queensland ambulance officers, Queensland Corrective Services employees, Australian Federal Police, Queensland Police Union employees, as well as Queensland Police Credit Union employees. Documents you will need to apply for a home loan include:

  • Personal identification materials.
  • Proof of income – whether you are self-employed or work for an employer.
  • Proof of other income, including rental income.
  • Information regarding your current debts, liabilities and assets.

Learn more about QBANK

Interest Rate

Your current home loan interest rate. To accurately calculate how much you could save, an accurate interest figure is required. If you are not certain, check your bank statement or log into your mortgage account.

Mortgage Calculator, Interest Rate

The percentage of the loan amount you will be charged by your lender to borrow. 

Mortgage Calculator, Repayment Type

Will you pay off the amount you borrowed + interest or just the interest for a period?

What is appraised value?

An estimation of a property’s value before beginning the mortgage approval process. An appraiser (or valuer) is an expert who estimates the value of a property. The lender generally selects the appraiser or valuer before sanctioning the loan.

How will Real Time Ratings help me find a new home loan?

The home loan market is complex. With almost 4,000 different loans on offer, it’s becoming increasingly difficult to work out which loans work for you.

That’s where Real Time RatingsTM can help. Our system automatically filters out loans that don’t fit your requirements and ranks the remaining loans based on your individual loan requirements and preferences.

Best of all, the ratings are calculated in real time so you know you’re getting the most current information.

How often is your data updated?

We work closely with lenders to get updates as quick as possible, with updates made the same day wherever possible.

How much are repayments on a $250K mortgage?

The exact repayment amount for a $250,000 mortgage will be determined by several factors including your deposit size, interest rate and the type of loan. It is best to use a mortgage calculator to determine your actual repayment size.

For example, the monthly repayments on a $250,000 loan with a 5 per cent interest rate over 30 years will be $1342. For a loan of $300,000 on the same rate and loan term, the monthly repayments will be $1610 and for a $500,000 loan, the monthly repayments will be $2684.

What is an ombudsman?

An complaints officer – previously referred to as an ombudsman -looks at formal complaints from customers about their credit providers, and helps to find a fair and independent solution to these problems.

These services are handled by the Australian Financial Complaints Authority, a non-profit government organisation that addresses and resolves financial disputes between customers and financial service providers.

What is the average annual percentage rate?

Also known as the comparison rate, or sometimes the ‘true rate’ of a loan, the average annual percentage rate (AAPR) is used to indicate the overall cost of a loan after considering all the fees, charges and other factors, such as introductory offers and honeymoon rates.

The AAPR is calculated based on a standardised loan amount and loan term, and doesn’t include any extra non-standard charges.

Why should you trust Real Time Ratings?

Real Time Ratings™ was conceived by a team of data experts who have been analysing trends and behaviour in the home loan market for more than a decade. It was designed purely to meet the evolving needs of home loan customers who wish to merge low cost with flexible features quickly. We believe it fills a glaring gap in the market by frequently re-rating loan products based on the changes lenders make daily.

Real Time Ratings™ is a new idea and will change over time to match the frequently-evolving demands of the market. Some things won’t change though – it will always rate all relevent products in our database and will not be influenced by advertising.

If you have any feedback about Real Time Ratings™, please get in touch.

Does Real Time Ratings' work for people who already have a home loan?

Yes. If you already have a mortgage you can use Real Time RatingsTM to compare your loan against the rest of the market. And if your rate changes, you can come back and check whether your loan is still competitive. If it isn’t, you’ll get the ammunition you need to negotiate a rate cut with your lender, or the resources to help you switch to a better lender.

How can I get a home loan with no deposit?

Following the Global Financial Crisis, no-deposit loans, as they once used to be known, have largely been removed from the market. Now, if you wish to enter the market with no deposit, you will require a property of your own to secure a loan against or the assistance of a guarantor.

What do mortgage brokers do?

Mortgage brokers are finance professionals who help borrowers organise home loans with lenders. As such, they act as middlemen between borrowers and lenders.

While bank staff recommend home loan products only from their own employer, brokers are independent, so they can recommend products from a range of institutions.

Brokers need to be accredited with a particular lender to be able to work with that lender. A typical broker will be accredited with anywhere from 10 to 30 lenders – the big four banks, as well as a range of smaller banks, credit unions and non-bank lenders.

As a general rule, brokers don’t charge consumers for their services; instead, they receive commissions from lenders whenever they place a borrower with that institution.

What is the ratings scale?

The ratings are between 0 and 5, shown to one decimal point, with 5.0 as the best. The ratings should be used as an easy guide rather than the only thing you consider. For example, a product with a rating of 4.7 may or may not be better suited to your needs than one with a rating of 4.5, but both are probably much better than one with a rating of 1.2.

How personalised is my rating?

Real Time Ratings produces instant scores for loan products and updates them based what you tell us about what you’re looking for in a loan. In that sense, we believe the ratings are as close as you get to personalised; the more you tell us, the more we customise to ratings to your needs. Some borrowers value flexibility, while others want the lowest cost loan. Your preferences will be reflected in the rating. 

We also take a shorter term, more realistic view of how long borrowers hold onto their loan, which gives you a better idea about the true borrowing costs. We take your loan details and calculate how much each of the relevent loans would cost you on average each month over the next five years. We assess the overall flexibility of each loan and give you an easy indication of which ones are likely to adjust to your needs over time.