Qudos Bank home loans

Qudos Bank is one of Australia’s largest customer-owned banks with over $5 billion in assets and branches in Sydney, Melbourne and Brisbane. Founded in 1959 as Qantas Credit Union, it has been customer-owned for over 60 years. Offering a full range of products including home loans, personal loans, savings accounts and credit cards, customers benefit from competitive rates and low fees.

Other available products

Content updated

01 Aug, 2023

Product data updated

20 Apr, 2024

Why choose Qudos Bank

Benefits

Below-average interest rates
Wide range of home loan products
Wide range of loan features

Drawbacks

Limited branch access
Upfront fees may apply
Ongoing fees may apply

Home Loans calculator

Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios.

Your estimated mortgage repayments

at interest rate 5%

Total interest payable

Total loan repayments

Qudos Bank customer service

Qudos Bank customers are able to phone a number of specialised phone lines that cover general member enquiries, financial planning andinsurance services. There is also a line for those experiencing financial hardship. Customers can also contact the bank via email, online or visit a branch.

Customer service centre (phone)
Mobile app
Online banking
Email
Branch

How to Apply

Potential Qudos Bank home loan customers can apply for a loan in a number of ways. Customers can make an in-person or Skype appointment with a Qudos Bank employee, or apply online using the online application form on the bank’s website. They can also apply in person at a Qudos Bank branch or by phone. Before applying for a home loan it is advisable to think about how much money you could conceivably borrow given your financial situation and income. You will also need to provide documentation when applying for a home loan. This will include:

Personal identification material.
Proof of income and employment.
Proof of other assets, income and earnings.
Details on current debts, loans and liabilities.
Personal insurance documents.

About Qudos home loans

Qudos Bank is a challenger lender that aims to outcompete the big four banks on price and customer service.

Qudos Bank provides home loans to both owner-occupiers and investors, including first home buyers and refinancers.

Qudos offers no-frills home loans, full-featured home loans, low-deposit home loans and line-of-credit home loans.

Borrowers can choose between variable interest rates and fixed interest rates, and also have the option of paying principal and interest or interest only.

Depending on which loan they choose, borrowers can also get:

Offset accounts
Redraw facilities
Unlimited extra repayments
No upfront fees
No ongoing fees
Qantas points
Insurance discounts

Compared to the rest of the market, Qudos Bank’s interest rates and fees tend to range from very low to moderate.

Borrowers can apply for Qudos Bank home loans in-branch or over the internet.

Qudos home loan rates

Qudos Bank mortgage rates tend to range from very low to moderate, although they differ from loan to loan and borrower to borrower.

As a general rule, borrowers receive lower interest rates if they’re owner-occupiers, pay principal and interest and have a deposit of at least 20 per cent.

Conversely, borrowers generally receive higher interest rates if they’re investors, pay interest only and have a deposit of under 20 per cent.

Also, Qudos Bank’s no-frills and packaged home loans tend to come with lower interest rates than their other mortgage products.

Qudos Bank interest rates can be fixed or variable. Qudos also offers borrowers the option of ‘split loans’ – mortgages that are part fixed and part variable.

Qudos home loans review

Qudos Bank is a challenger bank that tends to offer lower interest rates and lower fees than the average home loan lender, with pricing ranging from very low to moderate.

Qudos may be a good option for borrowers who want a competitive alternative to Australia’s big four banks.

The lender, which has branches in four states, caters to the full range of home loan customers:

Owner-occupiers
Investors
First home buyers
Upgraders
Refinancers

Qudos also offers a range of mortgage options:

No-frills home loans
Full-featured home loans
Low-deposit home loans
Line-of-credit home loans

Qudos mortgages have maximum terms of 30 years, and include various interest and repayment options:

Variable rates
Fixed rates
Split loans (part variable, part fixed)
Principal and interest
Interest-only

Each home loan product has different features, but options include:

Offset accounts
Redraw facilities
Unlimited extra repayments
No upfront fees
No ongoing fees
Qantas points
Insurance discounts

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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, target market determination fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.

Qudos Bank home loans

Why choose Qudos Bank

Benefits

Drawbacks

Qudos Bank Home Loans