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QBANK

Variable Home Loan - Classic

Advertised Rate

2.29

% p.a

Variable

Comparison Rate*

2.32

% p.a

Maximum LVR
Less than 80%
Real Time Rating™

3.74

/ 5
Monthly Repayment

$1,314

based on $300,000 loan amount for 25 years at 2.29%

Advertised Rate

2.29

% p.a

Variable

Comparison Rate*

2.32

% p.a

Maximum LVR
Less than 80%
Real Time Rating™

3.74

/ 5
Monthly Repayment

$1,314

based on $300,000 loan amount for 25 years at 2.29%

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$1,314

based on $300,000 loan amount for 25 years at 2.29%

Quick home loan review

For Classic Home Loan Special Offer (QLD only) (New Customer) (LVR < 80%)

These are the benefits of this home loan.

  • Interest rates ranked in the best 20%
  • No ongoing fees
  • Parents can sign as guarantor
  • Extra repayments and redraw facility
  • Free redraw facility
  • Split account option

These are the drawbacks of this home loan.

  • No offset account
  • Higher than average upfront fee
  • Discharge fee at end of loan
  • No repayment holidays

Home loan overview

For Classic Home Loan Special Offer (QLD only) (New Customer) (LVR < 80%)

Details

Maximum LVR

Less than 80%

Total Repayments

Interest rate type

Variable

Borrowing range

Suitable for

Owner Occupiers

Loan term range

1 - 30 years

Principal & interest

Interest only

Applicable states

ACT, NSW, NT, QLD, SA, TAS, VIC, WA

Make repayments

Fortnightly, Monthly, Weekly

Features

Extra repayments

Unlimited extra repayments

Redraw facility

Redraw fee: $0

Split interest facility

Loan portable

Repayment holiday available

Allow guarantors

Available for first home buyers

Fees

Total estimated upfront fees

195

Application fee

0

Valuation fee

$0

Settlement fee

195

Other upfront fee

0

Ongoing fee

$0

Discharge fee

200

Application method

Online

Phone

Broker

In branch

Specials
  • Other $700 of establishment costs waived
    Applies to owner-occupied loans only. Members will save up to $700 off standard QBANK, valuation, and mortgagee legal fees. Non-standard valuations and mortgages may incur an additional charge. Government charges and a $195 settlement fee still apply ($295 if construction loan).

Other Restrictions

To qualify, the customer must deposit a salary credit of at least $1,500 a month into a QBank transaction account.

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FAQs

What is the minimum amount you can apply for?

The range you can borrow from this loan is $150k to $2,000,000.

What's the minimum deposit needed for this loan?

This loan option comes with a maximum loan-to-value ratio of 79.99 percent, which means it requires a minimum deposit of 20.01 percent

What's the maximum length for this loan?

QBANK allows you to have this loan for a range of 1 to 30 years.

How often can you make repayments?

QBANK allows you to make repayments to this loan option through one of the following repayment schedules: fortnightly, monthly, weekly.

How much will the upfront fees be for this loan?

While it could change based on your circumstances, RateCity estimates that this loan option comes with $195 worth of upfront fees.

Does this loan come with a redraw facility?

Yes, this loan comes with a redraw, charged at $0 if you need to use it.

How do you apply for this loan?

To apply for this loan, please contact QBANK.