Important disclosure

Qudos Mutual Limited T/A Qudos Bank

No Frills Home Loan

  • Owner Occupied
  • Variable
  • 30% min deposit
  • P&I

2024 Award Winner

Interest Rate

6.04%

p.a

Comparison Rate*

6.04%

p.a

Real Time Rating™
Tags
  • Owner Occupied
  • Variable
  • 30% min deposit
  • P&I
Interest Rate

6.04%

p.a

Comparison Rate*

6.04%

p.a

ly Repayment

$0

based on $350,000 loan amount for 30 years at 6.04%

No Frills Home Loan

Find your ideal home loan from one of the 4 home loans from Qudos Bank

Principal and Interest (P&I)

Loan typeLoan to value ratio
Interest rate
Comparison rate
Variable
Up to 70%

6.04% p.a.

6.04% p.a.

Product Info
Variable
Up to 80%

6.14% p.a.

6.14% p.a.

Product Info

Interest only

Loan typeLoan to value ratio
Interest rate
Comparison rate
Variable
Up to 70%

6.44% p.a.

6.21% p.a.

Product Info
Variable
Up to 80%

6.54% p.a.

6.31% p.a.

Product Info

Qudos Bank Variable Rate Home loan overview

For No Frills Home Loan (Owner Occupied) (Principal and Interest) (LVR < 70%)

Details

Maximum LVR

70%

Total Repayments

Interest rate type

Variable

Borrowing range

Suitable for

Owner Occupiers

Loan term range

1 - 30 years

Repayment type

Principal and Interest

Applicable states

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

Repayment options

Fortnightly, Monthly, Weekly

Target Market Determination

Visit Qudos Mutual Limited T/A Qudos Bank to view Target Market Determination.

Features

Extra repayments

Unlimited

Redraw facility

Redraw fee: $0

Split interest facility

Loan portability

Repayment holiday available

Allow guarantors

Available for first home buyers

Other benefits

Fees

Total estimated upfront fees

$0

Application fee

$0

Valuation fee

$0

Settlement fee

$0

Other upfront fee

$0

Ongoing fee

$0

Discharge fee

$275

Pros and cons

For No Frills Home Loan (Owner Occupied) (Principal and Interest) (LVR < 70%)

Benefits

  • Interest rates ranked in the best 20%
  • No upfront or ongoing fees
  • Extra repayments and redraw facility
  • Free redraw facility
  • Split account option
  • Winner of Best Refinance Home Loan, RateCity Gold Awards 2024

Drawbacks

  • No offset account
  • Discharge fee at end of loan
  • Maximum loan amount is limited to 70% of the property's value
  • No repayment holidays
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Variable Rate Home Loan – Refinance Only

Real Time Rating™
  • Owner Occupied
  • Fixed undefined year
  • 20% min deposit
  • P&I

2024 Award Winner

special

Receive an extra 0.01% p.a. discount every year, up to a maximum discount of 0.30% p.a.
Interest Rate

5.99%

p.a

Comparison Rate*

5.90%

p.a

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Simplicity Plus Loan

Real Time Rating™
  • Owner Occupied
  • Fixed undefined year
  • 10% min deposit
  • P&I

Cashback

$2,000 cashback when you refinance an eligible home loan.
Interest Rate

7.24%

p.a

Comparison Rate*

7.24%

p.a

Promoted

Generic

Discount Variable

Real Time Rating™
  • Owner Occupied
  • Fixed undefined year
  • 20% min deposit
  • P&I
Interest Rate

5.99%

p.a

Comparison Rate*

6.01%

p.a

FAQs

What is the minimum amount you can apply for?

The range you can borrow from this loan is $150k to $99,999,999.

What's the minimum deposit needed for this loan?

This loan option comes with a maximum loan-to-value ratio of 70 percent, which means it requires a minimum deposit of 30 percent

What's the maximum length for this loan?

Qudos Mutual Limited T/A Qudos Bank allows you to have this loan for a range of 1 to 30 years.

How often can you make repayments?

Qudos Mutual Limited T/A Qudos Bank 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 $0 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.

Where can you apply for this loan?

Qudos Mutual Limited T/A Qudos Bank makes it possible to apply for this product online. Apply here.