The Qantas Money home loan is not only tempting because it offers 100,000 Qantas Points every year, for the life of the loan but it also offers a competitive interest rate. It is important though to make sure that you are considering whether all of the features of the home loan are worthwhile for you. Luckily, the Qantas Money home loan offers features like an optional offset account: although you do need to look out for the $10 monthly fee that comes with. Aside from that, there are no other ongoing fees to worry about, but the application fee is quite high at $495.
If you’re going to be paying off a home loan, why not get rewarded for it? Qantas has ventured beyond flights and insurance into the home loan market and is offering 100,000 Qantas Points for each year of the loan.
Whether you’re an investor or buying your own home to live in, there are options for you at Australia’s largest airline.
| Product Name | Qantas Money Variable Home Loan - Sub 80 (Owner Occupier, IO) |
| Interest Rate Type | variable |
| Repayment Type | Interest Only |
| Comp. Rate | 6.65% |
| Minimum Loan Amount | $300,000 |
| Maximum Loan Amount | $3,000,000 |
| Maximum Loan Term | 30 years |
| Maximum LVR | 90% |
| Loan Redraw Facility | Yes |
| Offset Account | No |
| Split Loan Facility | No |
| Fixed Interest Option | Yes |
| Loan Portable | No |
| Extra Repayments | Yes |
| Available as equity loan/line of credit | No |
| Application Fee | $345 |
| Valuation Fee | $0 |
| Ongoing Fees | $0 p.a. |
| Settlement Fee | $345.40 |
| Discharge Fee | $325 |
| Pros and Cons | Pros
Cons
|
To apply for this home loan or learn more about it, click the green button and follow the steps to connect with Qantas and start an application.
To apply for a Qantas Money home loan, visit the Qantas website where you can apply online. The process includes digital verification of identity and settlement processes for most applications.
Make sure you have the relevant documents, as below, to complete your application. The application can be completed in minutes and Qantas will confirm borrower details in real time.
For any problems you can use the system's WebChat during the application, as well as 7-day customer support.
When applying for a Qantas Money home loan, a borrower should generally meet the following criteria:
Rebecca Finder
Senior writer
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Luke
March 20, 2023
Can they just lift the variable rate as soon as you sign up? Is there an early termination fee?
Who do U speak to to negotiate some of the ridiculous upfront costs?
Richard Whitten Finder
March 22, 2023
Hi Luke,
Unfortunately a variable rate can change at any time, especially at the moment. But variable rate loans don’t have early termination fees.
You can try to negotiate the fees when talking to the lender directly, before you apply.
elvin
February 14, 2023
If I refinance multiple properties would I get 100k of points per application/property?
Richard Whitten Finder
February 20, 2023
Hi Elvin,
I had a look at all the terms and conditions on the Qantas Money website and I couldn’t see any wording specifying a limit of one home loan per customer. But I did notice they restrict the points to one person in the case of a joint application (i.e. if you’re a couple with the mortgage you can only get the points once).
My suggestion: ask first before you apply. They may not allow it, but they might. It never hurts to ask.
All the best,
Richard
Marcus De Oliveira
December 15, 2023
For those willing to apply, make sure you request the offset account to be offered in the contract. I sign up with Qantas Money, and when I request to set up an offset account, I ‘ve been told that it’s a contract variation to add it and it will be at cost of $150 to have it done, apart of course from those $10 monthly fee. On the advertisement they say it will be offered, but it’s not clear how.
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