Planned maintenance: digital home loan applications unavailable for existing customers on Tuesday 19 November between 5:30pm and 8:30pm. – learn more
Planned maintenance: digital home loan applications unavailable for existing customers on Tuesday 19 November between 5:30pm and 8:30pm. – learn more
No Frills Home Loans do not include an offset account.
We're an award-winning customer-owned bank, putting people and community before profit.
Excellent customer service and very easy to talk to and ask questions. Smooth process transferring mortgage over and fixing rate. Excellent response time - very quick and easy to get a hold of an actual person. Highly recommend.
Bec, NSW
from ProductReview.com.au
Got questions? We've got answers.
We will accept your application by telephone, online or in person at one of our branches. Our Home Loan Application Checklist and Guide can help you through every step of the process.
For more information view our Home Loan Application Process Page.
Online Applications: Once you've submitted your application and supporting information, conditional approval is usually obtained within 48 hours, subject to satisfactory credit checks and verification of financial and property information.
Applications over the Phone: Once you've submitted your application and supporting information, conditional approval is usually obtained within 5 business days, subject to satisfactory credit checks and verification of financial and property information.
Applications made in Branch: Once you've submitted your application and supporting information, conditional approval is usually obtained within 5 business days, subject to satisfactory credit checks and verification of financial and property information.
Your Home Loan Specialist can provide more information about approving your loan.
A redraw facility allows you to take back the extra payments you have made on your loan account. For instance, if you pay $3,200 each month instead of the minimum $3,000 for six months, you'll have an extra $1,200 in your account. With a redraw facility, you could easily access that extra money if you need it, without having to go through the hassle of applying for a new loan or credit.
The Qudos Bank No Frills Home Loan is designed to provide a simple and straightforward option for those looking for a low home loan interest rate and basic home loan features. Here are some of the main benefits of this type of home loan:
If you're looking for a basic home loan with a low interest rate, a 'No Frills' home loan may be an ideal option. Typically, these loans offer a lower interest rate than standard variable home loan rates, which may help you save money on interest payments over time. Unlike other types of home loans, such as a package loan, the No Frills Home Loan does not include additional features or benefits like offset accounts or repayment holidays.
This means the No Frills Home Loan offers borrowers a simple and straightforward loan option when looking to purchase a property or refinance an existing loan. Borrowers interested in this type of loan are typically looking for a low-interest rate and are comfortable with a basic loan structure.
One of the unique benefits of our No Frills Home Loan is the ability to split your loan with a Fixed Rate Home Loan. A split home loan offers borrowers the opportunity to allocate a portion of their loan to a low variable interest rate and the other portion to a fixed interest rate. The only requirement to consider is that the borrower meets the highest minimum deposit amount to be able to access the split option.
While a No Frills Home Loan can be an excellent choice for those who prioritise a home loan with a low interest rate, it may not suit everyone's needs. If you prefer additional features or benefits like offset accounts or Qantas Points, you may want to explore other types of home loans, such as a package loan.
At Qudos Bank, we offer a range of other home loan options to suit different financial situations and preferences, such as the Low Cost Home Loan and Qantas Points Home Loan. It’s important to compare the features, benefits, and interest rates of different home loan options before making a decision.
Qudos Bank’s comparison page allows you to easily compare the features, benefits, and interest rates of different loans side-by-side. You can compare our home loan options here.
A variable rate home loan is a type of interest rate that can fluctuate over time. This means that the interest rate on your home loan may go up or down, depending on changes in the market or the Reserve Bank's cash rate.
With a No Frills Home Loan, the interest rate is variable. This means that your interest rate may change over time, but you will generally benefit from a lower interest rate than other home loan products.
Variable interest rates could be beneficial for borrowers who are looking for flexibility and are comfortable with fluctuations in their loan repayments. Additionally, with a variable interest rate, you may be able to take advantage of lower interest rates in the future if they become available.
You can compare Qudos Bank's variable rate home loans here.
Refinancing your home loan with Qudos Bank is a simple process that may help you save money on interest and reduce your repayments. Here are the steps you’ll need to follow:
At Qudos Bank, we have a team of lending specialists who can guide you through the refinancing process and answer any questions you may have. If you’re interested in refinancing your home loan, you can find more information on our website.
T&Cs, fees, charges and lending criteria apply. Rates displayed above are available for new borrowings of $150,000 and over only, owner-occupied, principal and interest, deposits 30% or more.
Approved applicants only. Normal lending criteria, terms and conditions and fees and charges apply.
Lenders mortgage insurance is required for home loans over 80% LVR and is subject to approval.
For interest only loans, only monthly repayment option available. During an interest only period, your interest only payments will not reduce your loan balance. This may mean you pay more interest over the life of the loan.
You should read and consider the relevant terms and conditions (available on request) and our Financial Services Guide before deciding whether to obtain any of our financial products or services. Target Market Determination available here.
Canstar Outstanding Value – Home Lender – 2024 awarded for Outstanding Value across all P&I owner occupier profiles
We acknowledge the Traditional Owners of the lands on which we operate and pay our respects to Elders past and present, and to emerging community leaders. We also acknowledge the important role Aboriginal and Torres Strait Islander peoples continue to play within the communities in which Qudos Bank operates and where our team members reside.
Standard variable interest rate which your account will revert to after the introductory offer.
Intro variable rate applies to all transactions (including purchases, cash advances and balance transfers) for the first five months from the first date your account is approved and then reverts to the standard variable interest rate.
Annual fee charged upon account opening and annually thereafter.
Interest free days on purchases only apply if your account is paid in full by the due date each month. Excludes cash advances and BPAY transactions. Payment must be received by Qudos Bank by close of business.
Intro rate applies to all transactions (including purchases, cash advances and balance transfers) for the first five months from the first date your account is approved and then reverts to the standard variable interest rate.
Current standard variable interest rate is 12.84% p.a. for Visa Lifestyle, 16.35% p.a. for Visa Lifestyle Plus and 19.49% p.a. for Visa Platinum Credit Cards.
Intro rate applies to all transactions (including purchases, cash advances and balance transfers) for the first five months from the first date your account is approved and then reverts to the standard variable interest rate.
Current standard variable interest rate is 12.84% p.a.
Construction period is up to the date the final progress payment is made or 12 months from the date we first advance money to you, whichever is earliest.
Product deposit requirements vary, split options must meet the highest minimum deposit amount.
Qantas Points accrue in accordance with and subject to (1) for Visa Platinum Credit Card, the Visa Platinum Rewards Program Terms and Conditions (contained in the Credit Card Terms and Conditions) and (2) for Qantas Points Home Loan, Qantas Points Saver and Qantas Points Car Loan, the Qantas Points Banking Terms and Conditions. You must be a member of the Qantas Frequent Flyer program and provide your Qantas Frequent Flyer Membership number to us to earn and redeem Qantas Points. The joining fee is waived for Qudos Bank members who are not already a Qantas Frequent Flyer member and who apply at qantas.com/joinffqudos. Membership and the earning and redemption of Qantas Points are subject to the terms and conditions of the Qantas Frequent Flyer program available online at qantas.com/terms. This offer is non transferable and not available in conjunction with any other offer. Qantas Frequent Flyer membership and each application is subject to approval by Qantas. Qudos Bank recommends that you seek independent tax advice in respect of the tax consequences (including fringe benefits tax, and goods and services tax and income tax) arising from the use of this product or from participating in the Qantas Frequent Flyer program or from using any of the rewards or other available program facilities.
Qudos Bank is the issuer, offeror and administrator of the Qantas Points Banking Products and is a credit provider and credit licensee under National Consumer Credit laws.
Access the 24/7 Visa Premium Concierge service in Australia on 1800 639 607. For country contact numbers, terms and conditions and more information, click here.
AWP Australia Pty Ltd ABN 52 097 227 177 AFSL 245631 (trading as Allianz Global Assistance) under a binder from the insurer, Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL 234708 has issued a group policy to Qudos Mutual Limited trading as Qudos Bank ABN 53 087 650 557 AFSL/Australian Credit Licence 238 305, (Qudos Bank), which allows eligible Qudos Bank account holders and cardholders to claim under the group policy as a third party beneficiary by reason of the statutory operation of Section 48 of the Insurance Contracts Act 1984 (Cth). The eligibility criteria, terms, conditions, limits and exclusions of the group policy are set out in the Complimentary Travel Insurance Policy Information Booklet: Effective 22 May 2024 which may be amended from time to time. An excess may be deducted from any benefit paid. Qudos Bank does not guarantee this insurance.
A maximum amount of $150,000 applies for vehicles up to 3 years old and $75,000 for vehicles between 3 and 5 years old.
Eligible purchases do not include cash advances, ATO payments, Bpay, interest, balance transfers, fees and charges or traveller's cheques and foreign currencies - these do not earn Qantas Points. For the full list of exclusions, please refer to the Credit Card Terms and Conditions. Qantas Points can be earned on a maximum of $200,000 of eligible purchases per customer for each 12 month period, commencing from the date your account is opened and each account anniversary thereafter (Eligible Transaction Cap), regardless of the number of Qudos Bank Platinum Credit Cards held by you.
Qantas Points accrue in accordance with and subject to (1) for Visa Platinum Credit Card, the Visa Platinum Rewards Program Terms and Conditions (contained in the Credit Card Terms and Conditions) and (2) for Qantas Points Home Loan, Qantas Points Saver and Qantas Points Car Loan, the Qantas Points Banking Terms and Conditions. You must be a member of the Qantas Frequent Flyer program and provide your Qantas Frequent Flyer Membership number to us to earn and redeem Qantas Points. The joining fee is waived for Qudos Bank members who are not already a Qantas Frequent Flyer member and who apply at qantas.com/joinffqudos. Membership and the earning and redemption of Qantas Points are subject to the terms and conditions of the Qantas Frequent Flyer program available online at qantas.com/terms. This offer is non transferable and not available in conjunction with any other offer. Qantas Frequent Flyer membership and each application is subject to approval by Qantas. Qudos Bank recommends that you seek independent tax advice in respect of the tax consequences (including fringe benefits tax, and goods and services tax and income tax) arising from the use of this product or from participating in the Qantas Frequent Flyer program or from using any of the rewards or other available program facilities.
Qudos Bank is the issuer, offeror and administrator of the Qantas Points Banking Products and is a credit provider and credit licensee under National Consumer Credit laws.
Selected Qantas products and services are the following items purchased directly from Qantas: Qantas passenger flights (with a QF flight number) Qantas Frequent Flyer and Qantas Club membership joining and annual fees. Excludes Jetstar, Qantas Holidays, Qantas branded non-airfare products and any Qantas products and services not purchased directly from Qantas, purchases from Qantas Freight, Qantas Holidays, Qantas Business Travel, Jetset Travel world channels, Qantas Staff Travel, the Jetstar Group of companies or goods or services supplied by QFF Program partners.
Eligible purchases do not include cash advances, ATO payments, Bpay, interest, balance transfers, fees and charges or traveller's cheques and foreign currencies - these do not earn Qantas Points. For the full list of exclusions, please refer to the Credit Card Terms and Conditions. Qantas Points can be earned on a maximum of $200,000 of eligible purchases per customer for each 12 month period, commencing from the date your account is opened and each account anniversary thereafter (Eligible Transaction Cap), regardless of the number of Qudos Bank Platinum Credit Cards held by you.
Qantas Points accrue in accordance with and subject to (1) for Visa Platinum Credit Card, the Visa Platinum Rewards Program Terms and Conditions (contained in the Credit Card Terms and Conditions) and (2) for Qantas Points Home Loan, Qantas Points Saver and Qantas Points Car Loan, the Qantas Points Banking Terms and Conditions. You must be a member of the Qantas Frequent Flyer program and provide your Qantas Frequent Flyer Membership number to us to earn and redeem Qantas Points. The joining fee is waived for Qudos Bank members who are not already a Qantas Frequent Flyer member and who apply at qantas.com/joinffqudos. Membership and the earning and redemption of Qantas Points are subject to the terms and conditions of the Qantas Frequent Flyer program available online at qantas.com/terms. This offer is non transferable and not available in conjunction with any other offer. Qantas Frequent Flyer membership and each application is subject to approval by Qantas. Qudos Bank recommends that you seek independent tax advice in respect of the tax consequences (including fringe benefits tax, and goods and services tax and income tax) arising from the use of this product or from participating in the Qantas Frequent Flyer program or from using any of the rewards or other available program facilities.
Qudos Bank is the issuer, offeror and administrator of the Qantas Points Banking Products and is a credit provider and credit licensee under National Consumer Credit laws.
AWP Australia Pty Ltd ABN 52 097 227 177 AFSL 245631 (trading as Allianz Global Assistance) under a binder from the insurer, Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL 234708 has issued a group policy to Qudos Mutual Limited trading as Qudos Bank ABN 53 087 650 557 AFSL/Australian Credit Licence 238 305, (Qudos Bank), which allows eligible Qudos Bank account holders and cardholders to claim under the group policy as a third party beneficiary by reason of the statutory operation of Section 48 of the Insurance Contracts Act 1984 (Cth). The eligibility criteria, terms, conditions, limits and exclusions of the group policy are set out in the Complimentary Travel Insurance Policy Information Booklet: Effective 22 May 2024 which may be amended from time to time. An excess may be deducted from any benefit paid. Qudos Bank does not guarantee this insurance. Any advice has been prepared without taking into account your objectives, financial situation or needs. You must check whether or not it is appropriate, in light of your own circumstances, to act on this advice.
Access the 24/7 Visa Premium Concierge service in Australia on 1800 639 607. For country contact numbers and more information, click here.
Intro rate applies to all transactions (including purchases, cash advances and balance transfers) for the first five months from the first date your account is approved and then reverts to the standard variable rate
Current standard variable interest rate is 19.49% p.a.
Annual fee charged upon account opening and annually thereafter.
Up to 55 days interest free on purchases only applies if your account is paid in full by the due date each month. Excludes cash advances and BPAY transactions. Payment must be received by Qudos Bank by close of business.
Intro rate applies to all transactions (including purchases, cash advances and balance transfers) for the first five months from the first date your account is approved and then reverts to the standard variable interest rate.
Current standard variable interest rate is 16.35% p.a.
If you would like to request a larger amount, please call us on 1300 747 747.
A maximum amount of $150,000 applies for vehicles up to 3 years old and $75,000 for vehicles between 3 and 5 years old.
Rate applies to term deposits account opened during the term of your Qantas Points Home Loan. Special terms of 3, 6, 9 and 12 months are available and are upon request.
Qantas Points accrue in accordance with and subject to (1) for Visa Platinum Credit Card, the Visa Platinum Rewards Program Terms and Conditions (contained in the Credit Card Terms and Conditions) and (2) for Qantas Points Home Loan, Qantas Points Saver and Qantas Points Car Loan, the Qantas Points Banking Terms and Conditions. You must be a member of the Qantas Frequent Flyer program and provide your Qantas Frequent Flyer Membership number to us to earn and redeem Qantas Points. The joining fee is waived for Qudos Bank members who are not already a Qantas Frequent Flyer member and who apply at qantas.com/joinffqudos. Membership and the earning and redemption of Qantas Points are subject to the terms and conditions of the Qantas Frequent Flyer program available online at qantas.com/terms. This offer is non transferable and not available in conjunction with any other offer. Qantas Frequent Flyer membership and each application is subject to approval by Qantas. Qudos Bank recommends that you seek independent tax advice in respect of the tax consequences (including fringe benefits tax, and goods and services tax and income tax) arising from the use of this product or from participating in the Qantas Frequent Flyer program or from using any of the rewards or other available program facilities.
Qudos Bank is the issuer, offeror and administrator of the Qantas Points Banking Products and is a credit provider and credit licensee under National Consumer Credit laws.
Mortgage insurance is required for home loans over 80% and is subject to approval.
An establishment fee of $600 applies to this loan.
Waived annually whilst signed up to the Value Package. Only available for one Visa Platinum Credit Card per Value Package.
Repayment Holidays are not available on interest only loans. Applications are subject to Qudos Bank’s approval.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. An unsecured loan of $10,000 with a term of 3 years, or a secured loan of $30,000 with a term of 5 years (as applicable) and a monthly repayment frequency have been used to calculate the comparison rate for all personal loans.
Qantas Points accrue in accordance with and subject to (1) for Visa Platinum Credit Card, the Visa Platinum Rewards Program Terms and Conditions (contained in the Credit Card Terms and Conditions) and (2) for Qantas Points Home Loan, Qantas Points Saver and Qantas Points Car Loan, the Qantas Points Banking Terms and Conditions. You must be a member of the Qantas Frequent Flyer program and provide your Qantas Frequent Flyer Membership number to us to earn and redeem Qantas Points. The joining fee is waived for Qudos Bank members who are not already a Qantas Frequent Flyer member and who apply at qantas.com/joinffqudos. Membership and the earning and redemption of Qantas Points are subject to the terms and conditions of the Qantas Frequent Flyer program available online at qantas.com/terms. This offer is non transferable and not available in conjunction with any other offer. Qantas Frequent Flyer membership and each application is subject to approval by Qantas. Qudos Bank recommends that you seek independent tax advice in respect of the tax consequences (including fringe benefits tax, and goods and services tax and income tax) arising from the use of this product or from participating in the Qantas Frequent Flyer program or from using any of the rewards or other available program facilities.
Qudos Bank is the issuer, offeror and administrator of the Qantas Points Banking Products and is a credit provider and credit licensee under National Consumer Credit laws.
Qantas Points accrue in accordance with and subject to (1) for Visa Platinum Credit Card, the Visa Platinum Rewards Program Terms and Conditions (contained in the Credit Card Terms and Conditions) and (2) for Qantas Points Home Loan, Qantas Points Saver and Qantas Points Car Loan, the Qantas Points Banking Terms and Conditions. You must be a member of the Qantas Frequent Flyer program and provide your Qantas Frequent Flyer Membership number to us to earn and redeem Qantas Points. The joining fee is waived for Qudos Bank members who are not already a Qantas Frequent Flyer member and who apply at qantas.com/joinffqudos. Membership and the earning and redemption of Qantas Points are subject to the terms and conditions of the Qantas Frequent Flyer program available online at qantas.com/terms. This offer is non transferable and not available in conjunction with any other offer. Qantas Frequent Flyer membership and each application is subject to approval by Qantas. Qudos Bank recommends that you seek independent tax advice in respect of the tax consequences (including fringe benefits tax, and goods and services tax and income tax) arising from the use of this product or from participating in the Qantas Frequent Flyer program or from using any of the rewards or other available program facilities.
Qudos Bank is the issuer, offeror and administrator of the Qantas Points Banking Products and is a credit provider and credit licensee under National Consumer Credit laws.
Bonus Rate applied if no withdrawals are made during the month.
WARNING: The comparison rates apply only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rates assume a loan of $150,000 for 25 years. For fixed rate loans, the comparison rate is based on the initial fixed rate period, reverting to the current interest rate applicable to a new principal and interest Low Cost Home Loan with a deposit or equity of 20% or more, for the relevant purpose (ie. owner-occupied or investment). For fixed interest only loans, the interest only period is equal to the fixed period.
Excludes existing loans, switching and variations. These offers can be withdrawn by Qudos Bank at any time. Rates displayed above are available for new borrowings of $150,000 and over only. Minimum deposit or equity of 10% is required. Fixed rate may change prior to funding. On expiration of the fixed rate period, the interest rate will revert to a new principal and interest Low Cost Home Loan with a deposit or equity of 20% of more, for the relevant purpose (ie. owner-occupied or investment).
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. Our comparison rate assumes a loan of $150,000 for 25 years. The comparison rate is based on a 12 months interest only period, reverting to the interest rate applicable to a new principal and interest Low Cost Home Loan with a deposit or equity of 20% or more for the relevant purpose (ie. owner-occupied or investment).
Excludes existing loans, switching and variations. These offers can be withdrawn by Qudos Bank at any time. Rates displayed above are available for new borrowings of $150,000 and over only. Minimum deposit or equity of 10% is required. After completion of construction, your interest rate will revert to the current interest rate applicable to a new principal and interest Low Cost Home Loan with a deposit or equity of 20% or more, for the relevant purpose (ie. owner-occupied or investment).
Excludes existing loans, switching and variations. These offers can be withdrawn by Qudos Bank at any time. Rates displayed above are available for new borrowings of $150,000 and over only. Minimum deposit or equity of 5% is required. For interest only loans, the rate shown is the rate that applies during the interest only period of your loan. At the end of the interest only period, the interest rate will revert to the variable interest rate applicable to a new principal and interest Standard Variable Home Loan with a deposit or equity of 20% or more, for the relevant purpose (ie. owner-occupied or investment). Interest only available for 1 to 5 years and are subject to approval.
Excludes existing loans, switching and variations. These offers can be withdrawn by Qudos Bank at any time. Rates displayed above are available for new borrowings of $150,000 and over only. Minimum deposit or equity of 10% is required. For interest only loans, the rate shown is the rate that applies during the interest only period of your loan. At the end of the interest only period, the interest rate will revert to the variable interest rate applicable to a new principal and interest home loan for the relevant variable home loan product, and for the relevant purpose (ie. owner-occupied or investment) with a deposit or equity of 20% or more. Interest only available for 1 to 5 years and are subject to approval.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. Our comparison rate assumes a loan of $150,000 for 25 years. For interest only loans, the comparison rate is based on a 5-year interest only period, reverting to the interest rate applicable to a principal and interest loan with a deposit or equity of 20% or more for the relevant purpose (ie. owner-occupied or investment).
Excludes existing loans, switching and variations. These offers can be withdrawn by Qudos Bank at any time. Rates displayed above are available for new borrowings of $150,000 and over only. Minimum deposit or equity of 20% is required. For interest only loans, the rate shown is the rate that applies during the interest only period of your loan. At the end of the interest only period, the interest rate will revert to the variable interest rate applicable to a new principal and interest No Frills Home Loan for the relevant purpose (ie. owner-occupied or investment) with a deposit or equity of 20% or more. Interest only terms available for 1 to 5 years and are subject to approval.
