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 mortgage repayments

at interest rate 2.59%

Total interest payable

$0

Total loan repayments

$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

Advertised Rate

2.59%

Variable

Total estimated upfront fees
$195
Comparison Rate*

2.62%

Ongoing fee
$0
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Advertised Rate

2.79%

Variable

Total estimated upfront fees
$195
Comparison Rate*

2.82%

Ongoing fee
$0
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Advertised Rate

2.93%

Variable

Total estimated upfront fees
$895
Comparison Rate*

3.00%

Ongoing fee
$0
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Advertised Rate

2.79%

Variable

Total estimated upfront fees
$195
Comparison Rate*

3.13%

Ongoing fee
$25 monthly
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Advertised Rate

3.08%

Variable

Total estimated upfront fees
$895
Comparison Rate*

3.15%

Ongoing fee
$0
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Advertised Rate

3.14%

Variable

Total estimated upfront fees
$895
Comparison Rate*

3.21%

Ongoing fee
$0
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Advertised Rate

3.21%

Variable

Total estimated upfront fees
$195
Comparison Rate*

3.24%

Ongoing fee
$0
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Advertised Rate

1.97%

Fixed - 4 years

Total estimated upfront fees
$195
Comparison Rate*

3.26%

Ongoing fee
$0
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Advertised Rate

1.97%

Fixed - 3 years

Total estimated upfront fees
$195
Comparison Rate*

3.26%

Ongoing fee
$0
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Advertised Rate

3.21%

Variable

Total estimated upfront fees
$895
Comparison Rate*

3.28%

Ongoing fee
$0
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Advertised Rate

2.99%

Variable

Total estimated upfront fees
$195
Comparison Rate*

3.32%

Ongoing fee
$25 monthly
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Advertised Rate

2.49%

Fixed - 5 years

Total estimated upfront fees
$195
Comparison Rate*

3.33%

Ongoing fee
$0
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Advertised Rate

2.29%

Fixed - 4 years

Total estimated upfront fees
$195
Comparison Rate*

3.36%

Ongoing fee
$0
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Advertised Rate

1.97%

Fixed - 3 years

Total estimated upfront fees
$195
Comparison Rate*

3.39%

Ongoing fee
$0
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Advertised Rate

3.41%

Variable

Total estimated upfront fees
$195
Comparison Rate*

3.44%

Ongoing fee
$0
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Advertised Rate

3.13%

Variable

Total estimated upfront fees
$195
Comparison Rate*

3.46%

Ongoing fee
$25 monthly
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Advertised Rate

2.29%

Fixed - 3 years

Total estimated upfront fees
$195
Comparison Rate*

3.47%

Ongoing fee
$0
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Advertised Rate

1.97%

Fixed - 2 years

Total estimated upfront fees
$195
Comparison Rate*

3.54%

Ongoing fee
$0
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Advertised Rate

1.97%

Fixed - 2 years

Total estimated upfront fees
$195
Comparison Rate*

3.54%

Ongoing fee
$0
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More details
Advertised Rate

2.29%

Fixed - 2 years

Total estimated upfront fees
$195
Comparison Rate*

3.59%

Ongoing fee
$0
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Advertised Rate

2.29%

Fixed - 4 years

Total estimated upfront fees
$895
Comparison Rate*

3.63%

Ongoing fee
$0
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Advertised Rate

2.29%

Fixed - 4 years

Total estimated upfront fees
$895
Comparison Rate*

3.63%

Ongoing fee
$0
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Advertised Rate

3.34%

Variable

Total estimated upfront fees
$195
Comparison Rate*

3.66%

Ongoing fee
$25 monthly
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Advertised Rate

1.97%

Fixed - 1 year

Total estimated upfront fees
$195
Comparison Rate*

3.69%

Ongoing fee
$0
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Advertised Rate

2.29%

Fixed - 1 year

Total estimated upfront fees
$195
Comparison Rate*

3.72%

Ongoing fee
$0
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Advertised Rate

2.84%

Fixed - 5 years

Total estimated upfront fees
$895
Comparison Rate*

3.72%

Ongoing fee
$0
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Advertised Rate

2.84%

Fixed - 5 years

Total estimated upfront fees
$895
Comparison Rate*

3.72%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.41%

Variable

Total estimated upfront fees
$195
Comparison Rate*

3.73%

Ongoing fee
$25 monthly
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Advertised Rate

2.64%

Fixed - 4 years

Total estimated upfront fees
$895
Comparison Rate*

3.74%

Ongoing fee
$0
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Advertised Rate

2.64%

Fixed - 4 years

Total estimated upfront fees
$895
Comparison Rate*

3.74%

Ongoing fee
$0
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Advertised Rate

2.29%

Fixed - 3 years

Total estimated upfront fees
$895
Comparison Rate*

3.77%

Ongoing fee
$0
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Advertised Rate

2.29%

Fixed - 3 years

Total estimated upfront fees
$895
Comparison Rate*

3.77%

Ongoing fee
$0
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Advertised Rate

3.51%

Variable

Total estimated upfront fees
$195
Comparison Rate*

3.83%

Ongoing fee
$25 monthly
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Advertised Rate

2.64%

Fixed - 3 years

Total estimated upfront fees
$895
Comparison Rate*

3.86%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.64%

Fixed - 3 years

Total estimated upfront fees
$895
Comparison Rate*

3.86%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.84%

Variable

Total estimated upfront fees
$195
Comparison Rate*

3.87%

Ongoing fee
$0
Go to site
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Advertised Rate

3.81%

Variable

Total estimated upfront fees
$895
Comparison Rate*

3.88%

Ongoing fee
$0
Go to site
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Advertised Rate

2.29%

Fixed - 2 years

Total estimated upfront fees
$895
Comparison Rate*

3.92%

Ongoing fee
$0
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More details
Advertised Rate

2.29%

Fixed - 2 years

Total estimated upfront fees
$895
Comparison Rate*

3.92%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.64%

Fixed - 2 years

Total estimated upfront fees
$895
Comparison Rate*

3.98%

Ongoing fee
$0
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More details
Advertised Rate

2.64%

Fixed - 2 years

Total estimated upfront fees
$895
Comparison Rate*

3.98%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.29%

Fixed - 1 year

Total estimated upfront fees
$895
Comparison Rate*

4.08%

Ongoing fee
$0
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More details
Advertised Rate

2.29%

Fixed - 1 year

Total estimated upfront fees
$895
Comparison Rate*

4.08%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.64%

Fixed - 1 year

Total estimated upfront fees
$895
Comparison Rate*

4.12%

Ongoing fee
$0
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Advertised Rate

2.64%

Fixed - 1 year

Total estimated upfront fees
$895
Comparison Rate*

4.12%

Ongoing fee
$0
Go to site
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Advertised Rate

4.19%

Variable

Total estimated upfront fees
$895
Comparison Rate*

4.26%

Ongoing fee
$0
Go to site
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Advertised Rate

4.19%

Variable

Total estimated upfront fees
$895
Comparison Rate*

4.26%

Ongoing fee
$0
Go to site
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Advertised Rate

4.01%

Variable

Total estimated upfront fees
$195
Comparison Rate*

4.32%

Ongoing fee
$25 monthly
Go to site
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Advertised Rate

4.04%

Variable

Total estimated upfront fees
$195
Comparison Rate*

4.36%

Ongoing fee
$25 monthly
Go to site
More details
Advertised Rate

4.34%

Variable

Total estimated upfront fees
$195
Comparison Rate*

4.36%

Ongoing fee
$0
Go to site
More details
Advertised Rate

4.14%

Variable

Total estimated upfront fees
$195
Comparison Rate*

4.45%

Ongoing fee
$25 monthly
Go to site
More details
Advertised Rate

4.64%

Variable

Total estimated upfront fees
$895
Comparison Rate*

4.71%

Ongoing fee
$0
Go to site
More details
Advertised Rate

4.69%

Variable

Total estimated upfront fees
$895
Comparison Rate*

4.76%

Ongoing fee
$0
Go to site
More details
Advertised Rate

4.69%

Variable

Total estimated upfront fees
$895
Comparison Rate*

4.76%

Ongoing fee
$0
Go to site
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 home loans

How do you qualify for a CBA home loan with casual employment?

Qualifying for a home loan without a full-time job may be challenging, but it can be done. The first step is to understand how a CBA home loan is assessed when you have casual employment.

Most lenders will assess your expenses and savings while checking your loan eligibility, checking on factors crucial to home loan approval, such as if your bills are paid on time and what your credit score presently looks like. 

Your income can be one of the most critical factors to determine your final approved home loan amount. As such, you’ll need to provide payslip copies to lenders to assist them in assessing your income during the loan tenure, regardless of your employment status, full-time, part-time, or otherwise.

Casual employees will want to be casually employed for at least 12 months to be eligible for a home loan. Alternatively, you want to have worked as a permanent casual worker (working for a fixed number of hours per week) for at least one month, or you should have been in your current job for a minimum of three months (if the hours are irregular) to be eligible for the loan.

Can I get a NAB home loan on casual employment?

While many lenders consider casual employees as high-risk borrowers because of their fluctuating incomes, there are a few specialist lenders, such as NAB, which may provide home loans to individuals employed on a casual basis. A NAB home loan for casual employment is essentially a low doc home loan specifically designed to help casually employed individuals who may be unable to provide standard financial documents. However, since such loans are deemed high risk compared to regular home loans, you could be charged higher rates and receive lower maximum LVRs (Loan to Value Ratio, which is the loan amount you can borrow against the value of the property).

While applying for a home loan as a casual employee, you will likely be asked to demonstrate that you've been working steadily and might need to provide group certificates for the last two years. It is at the lender’s discretion to pick either of the two group certificates and consider that to be your income. If you’ve not had the same job for several years, providing proof of income could be a bit of a challenge for you. In this scenario, some lenders may rely on your year to date (YTD) income, and instead calculate your yearly income from that.

How do I get a Suncorp home loan pre-approval?

Getting home loan pre-approval helps you work out a budget to help you search for a suitable property and make an offer with confidence. Once you put in an application, you should get your pre-approval outcome within two business days. To help get a fast turnaround time of your pre-approval application, ensure all the information and documentation that Suncorp requires. This includes proof of identification, recent payslips, bank account and credit card statements.

You can submit the home loan pre-approval application online. You’ll be asked for information about your income, expenses, assets, and debts. It should take you about 10 minutes to fill out the application, and you can do it free of charge. A Suncorp lending specialist will review your application and contact you within 24 hours or the next working day. Suncorp will not run a credit check until you have heard from this lending specialist.

Once you get Suncorp home loan pre-approval, it’s valid for 90 days. If you don’t find a property you wish to buy in this time you may be able to apply for an extension, speak to your Suncorp lending specialist about this.

How do I get a pre-approved home loan with Aussie?

Getting Aussie home loan pre-approval means receiving conditional support from Aussie Home Loans to borrow the money you need to buy a home. 

It’s an indication of the approximate amount Aussie may offer you, subject to some terms and conditions. Keep in mind, having a pre-approved home loan does not guarantee an actual approval of your loan when it comes time to buy.

Aussie home loan pre-approval often involves speaking to one of the lender’s brokers. You can make an appointment online. You’ll often have to submit your personal details and other information about your assets, income, liabilities and expenses.  It’s worth remembering that a pre-approved loan is usually valid for a few months.

Can I apply for an ANZ non-resident home loan? 

You may be eligible to apply for an ANZ non-resident home loan only if you meet the following two conditions:

  1. You hold a Temporary Skill Shortage (TSS) visa or its predecessor, the Temporary Skilled Work (subclass 457) visa.
  2. Your job is included in the Australian government’s Medium and Long Term Strategic Skills List. 

However, non-resident home loan applications may need Foreign Investment Review Board (FIRB) approval in addition to meeting ANZ’s Mortgage Credit Requirements. Also, they may not be eligible for loans that require paying for Lender’s Mortgage Insurance (LMI). As a result, you may not be able to borrow more than 80 per cent of your home’s value. However, you can apply as a co-borrower with your spouse if they are a citizen of either Australia or New Zealand, or are a permanent resident.

Does the family tax benefit count as income?

The family tax benefits are one of several government support payments that are not considered taxable income. Other such payments include child care subsidies, economic support payments, rent assistance, and carer allowances. If you file a tax return, you typically don’t need to mention such income on the return. However, some home loan lenders may accept family tax benefits as an income source when reviewing your home loan application. You’ll still need to meet other lending requirements, such as having a sufficiently high credit score and enough savings for a deposit before the loan will be approved.

Aussies receiving family tax benefits usually have an adjusted taxable income of no more than $55,626 a year. Alternatively, one spouse can be receiving income support payments from the government to be eligible. Most importantly, they need to have children dependent on them for care at least 35 per cent of the time. Children between the ages of 16 and 19 should be either full-time secondary students or have a somewhat comparable study load unless the government exempts them from these study requirements. 

What is the average length of a home loan?

Most Aussie lenders offer home loans with a 30-year term, meaning that you should pay back the full loan amount and the interest you owe on the amount in 30 years. 

However, home loans can also have a shorter or longer term. They may be as low as ten years or up to 45 years, depending on the product and lender. 

It’s worth remembering that a longer loan term usually means you’ll end up paying a lot more interest in total, but your scheduled repayments may be more manageable. In contrast, you could opt for a shorter loan term if you are comfortable making large repayments in exchange for paying less interest over the term of the loan.

How long does Bankwest take to approve home loans?

Full approval for a home loan usually involves a property valuation, which, Bankwest suggests, can take “a week or two”. As a result, getting your home loan approved may take longer. However, you may get full approval within this time if you applied for and received conditional approval, sometimes called a pre-approval, from Bankwest before finalising the home you want to buy.  

Another way of speeding up approvals can be by completing, signing, and submitting your home loan application digitally. Essentially, you give the bank or your mortgage broker a copy of your home’s sale contract and then complete the rest of the steps online. Bankwest has claimed this cuts the approval time to less than four days, although this may only happen if your income and credit history can be verified easily, or if your home’s valuation doesn’t take time.

How can I apply for a first home buyers loan with Commonwealth Bank?

Getting a home loan requires planning and research. If you are considering a home loan with the Commonwealth Bank, you can find the information you need in the buying your first home section of the bank’s website.

You can see the steps you should take before applying for the loan and use the calculators to work out how much you can borrow, what your monthly repayments would be and the upfront costs you’d likely pay.

You can also book a time with a Commonwealth first home loan specialist by calling 13 2221.

CommBank publishes a property report that may help you understand the real estate market. The bank has also created a CommBank Property App that you can use to search for property.  The link to download this app is available on the same webpage.

If you are eligible for the First Home Loan Deposit Scheme, CommBank will help you process your application. The scheme helps first home buyers to purchase a home with a low deposit. You can read details about this scheme here and speak with a CommBank home lending specialist to understand your options.

Remaining loan term

The length of time it will take to pay off your current home loan, based on the currently-entered mortgage balance, monthly repayment and interest rate.

Can I get a NAB first home loan?

The First Home Loan Deposit Scheme of NAB helps first home buyers purchase a property sooner by reducing the upfront costs required. This scheme is offered based on a Government-backed initiative, with10,000 available places announced in October 2020.

Suppose your application for the NAB first home buyer loan is successful. In that case, you’ll only need to pay a low deposit, between 5 and 20 per cent of the property value and won’t be asked to pay lender's mortgage insurance (LMI). You’ll also receive a limited guarantee from the Australian government to purchase the property.

If you’re applying for the NAB first home buyer home loan as an individual, you need to have earned less than $125,000 in the last financial year. Couples applying for the NAB first home loan need to have earned less than $200,000 to be eligible. To be considered a couple, you need to be married or in a de facto relationship. A parent and child, siblings or friends are not considered a couple when applying for a NAB first home loan.

The NAB First Home Loan Deposit Scheme is currently offered only to purchase a brand new property, rather than an established property.

What are the NAB term deposit interest rates for businesses?

If you’re looking to lock in a return on your business savings, one option is a business term deposit with NAB. The big four bank provides competitive interest rates while giving you the flexibility to choose the term. NAB offers business term deposit interest rates for investments of between $5,000 to $499,999.

NAB doesn’t charge any monthly account or application fees. The interest is calculated daily and for the 90-day term and six months term, you will get paid when the deposit matures. For the 12 months term, you can either choose to get paid monthly, quarterly, half-yearly or annually. 

If you wish to withdraw your funds before the deposit matures, you need to give NAB 31 days notice. However, they do make exceptions if you’re experiencing hardship and need the funds immediately. Either way, you may have to bear the prepayment cost, which you can learn more about in the Terms and Conditions.

Does Westpac offer loan maternity leave options?

Having a baby or planning for one can bring about a lot of changes in your life, including to the hip pocket. You may need to re-do the budget to make sure you can afford the upcoming expenses, especially if one partner is taking parental leave to look after the little one. 

Some families find it difficult to meet their home loan repayment obligations during this period. Flexible options, such as the Westpac home loan maternity leave offerings, have been put together to help reduce the pressure of repayments during parental leave.

Westpac offers a couple of choices, depending on your circumstances:

  • Parental Leave Mortgage Repayment Reduction: You could get your home loan repayments reduced for up to 12 months for home loans with a term longer than a year. 
  • Mortgage Repayment Pause: You can pause repayments while on maternity leave, provided you’ve made additional repayments earlier.

When applying for a home loan while pregnant, Westpac has said it will recognise paid maternity leave and back-to-work salaries. All you need is a letter from your employer verifying your return-to-work date and the nature of your employment. Your partner’s income, government entitlements, savings and investments will may help your application.

Why should I get an ING home loan pre-approval?

When you apply for an ING home loan pre-approval, you might be required to provide proof of employment and income, savings, as well as details on any on-going debts. The lender could also make a credit enquiry against your name. If you’re pre-approved, you will know how much money ING is willing to lend you. 

Please note, however, that a pre-approval is nothing more than an idea of your ability to borrow funds and is not the final approval. You should receive the home loan approval  only after finalising the property and submitting a formal loan application to the lender, ING. Additionally, a pre-approval does not stay valid indefinitely, since your financial circumstances and the home loan market could change overnight.

 

 

How do I apply for a home improvement loan?

When you want to renovate your home, you may need to take out a loan to cover the costs. You could apply for a home improvement loan, which is a personal loan that you use to cover the costs of your home renovations. There is no difference between applying for this type of home improvement loan and applying for a standard personal loan. It would be best to check and compare the features, fees and details of the loan before applying. 

Besides taking out a home improvement loan, you could also:

  1. Use the equity in your house: Equity is the difference between your property’s value and the amount you still owe on your home loan. You may be able to access this equity by refinancing your home loan and then using it to finance your home improvement.  Speak with your lender or a mortgage broker about accessing your equity.
  2. Utilise the redraw facility of your home loan: Check whether the existing home loan has a redraw facility. A redraw facility allows you to access additional funds you’ve repaid into your home loan. Some lenders offer this on variable rate home loans but not on fixed. If this option is available to you, contact your lender to discuss how to access it.
  3. Apply for a construction loan: A construction loan is typically used when constructing a new property but can also be used as a home renovation loan. You may find that a construction loan is a suitable option as it enables you to draw funds as your renovation project progresses. You can compare construction home loans online or speak to a mortgage broker about taking out such a loan.
  4. Look into government grants: Check whether there are any government grants offered when you need the funds and whether you qualify. Initiatives like the HomeBuilder Grant were offered by the Federal Government for a limited period until April 2021. They could help fund your renovations either in full or just partially.