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QBANK home loans

QBANK has home loan rates starting from 5.79%.

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QBANK offers a range of home loans for Australian borrowers. Check out the full table of QBANK products below or read more about the lender.

Compare QBANK home loans for September 2024

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Name Finder Score Interest Rate p.a. Comparison Rate p.a. Fees Monthly Payment
QBank logo
Interest only 3Y Fixed5% min. depositInvestment
QBank logo
Interest only 3Y Fixed5% min. depositInvestment
Product NameQBANK Fixed Home Loan
Interest Rate Typefixed rate
Repayment Type Interest Only
Interest Rate p.a.5.99%
Comp. Rate p.a.7.78%
Minimum Loan Amount$50,000
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 95%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableYes
Extra Repayments Yes
Finder score
8.1
Interest Rate
5.99%
Comparison Rate
7.78%
Fees
Application: $700
Ongoing: $0 p.a.
Monthly Payment
$900
QBank logo
Interest only5% min. depositOwner-occupier
QBank logo
Interest only5% min. depositOwner-occupier
Product NameQBANK Classic
Interest Rate Typevariable rate
Repayment Type Interest Only
Interest Rate p.a.6.59%
Comp. Rate p.a.6.61%
Minimum Loan Amount$50,000
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 95%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionNo
Loan PortableYes
Extra Repayments Yes
Finder score
7.9
Interest Rate
6.59%
Comparison Rate
6.61%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$958
QBank logo
Principal & InterestInterest only 3Y Fixed5% min. depositOwner-occupier
QBank logo
Principal & InterestInterest only 3Y Fixed5% min. depositOwner-occupier
Product NameQBANK Fixed Home Loan
Interest Rate Typefixed rate
Repayment Type Principal & Interest Interest Only
Interest Rate p.a.5.79%
Comp. Rate p.a.7.43%
Minimum Loan Amount$50,000
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 95%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableYes
Extra Repayments Yes
Finder score
8.3
Interest Rate
5.79%
Comparison Rate
7.43%
Fees
Application: $700
Ongoing: $0 p.a.
Monthly Payment
$881
QBank logo
Principal & InterestInterest only10% min. depositOwner-occupierOffset account
QBank logo
Principal & InterestInterest only10% min. depositOwner-occupierOffset account
Product NameQBANK Classic Plus Package
Interest Rate Typevariable rate
Repayment Type Principal & Interest Interest Only
Interest Rate p.a.6.39%
Comp. Rate p.a.6.66%
Minimum Loan Amount$0
Maximum Loan Amount N/A
Maximum Loan Term
Maximum LVR 90%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityYes
Fixed Interest OptionNo
Loan PortableYes
Extra Repayments Yes
Finder score
8.7
Interest Rate
6.39%
Comparison Rate
6.66%
Fees
Application: $0
Ongoing: $0 per month
Monthly Payment
$939
QBank logo
Principal & Interest40% min. depositOwner-occupierOffset account
QBank logo
Principal & Interest40% min. depositOwner-occupierOffset account
Product NameQBANK Classic Plus Package
Interest Rate TypeVariable
Repayment Type Principal & Interest
Interest Rate p.a.6.09%
Comp. Rate p.a.6.37%
Minimum Loan Amount$100,000
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 60%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityYes
Fixed Interest OptionNo
Loan PortableYes
Extra Repayments Yes
Finder score
9
Interest Rate
6.09%
Comparison Rate
6.37%
Fees
Application: $0
Ongoing: $0 per month
Monthly Payment
$909
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QBANK key facts

  • It's a member owned credit union lender based in Queensland.
  • It offers home loan products for owner-occupiers and investors.
  • This lender also offers other financial products such as savings accounts, transaction accounts, credit cards, car and personal loans.

QBANK home loan features

Here are the key features and details you need to know about QBANK's mortgage products.

FeatureDetails
Minimum depositIt is possible to get a home loan with a deposit as low as 5%.
Offset accountYou can get an offset account with several of its loans.
Repayment optionsSeveral of its home loans allow you to make interest only repayments for a limited period. The lender also offers the standard principal and interest repayments on its loans.

How do I apply for a mortgage from QBANK?

When applying for any home loan, you will need various documents to establish your identity, your financial situation, employment status and details about the property.

Eligibility

The following information is general in nature and applies to most home loans. There may be specific criteria that apply for this lender.

  • Age. You must be over 18 years of age.
  • Residency. You should be a resident of Australia.
  • Employment. You should have a regular source of income.

Documents required

When you apply for a mortgage with QBANK you are required to provide certain information so make sure you have all your documents ready before you apply. The documents you will be expected to provide are:

📄 Property details. You can start a loan enquiry before you've bought a property. But to complete an application you need the address of the property and a signed contract of sale.

📄 Identification documents. You will need identification such as a driver's licence, passport or birth certificate.

📄 Proof of income documents. Recent payslips can establish your income.

📄 Asset and liability documents. You need to provide documents showing your current assets (savings accounts, investments) and liabilities (your outstanding debt).

How to apply for a home loan

More lenders to compare

Check out Finder's main home loans guide if you want to compare more home loans from a range of lenders. Or you could try one of the following lenders:

  • ING. This online bank is part of the global, Dutch financial group of the same name.
  • Commonwealth Bank. The nation's largest bank has a large selection of home loans and a convenient banking app.
  • UBank. This online bank is actually owned by NAB.
  • Athena. This digital fintech lender offers low-rate mortgages and an entirely online, convenient service.
  • Tiimely Home. This lender's online application tool can process your mortgage application fast. Backed by the Bendigo and Adelaide Bank.
  • Bank of Queensland. Outside of the Big Four this is one of Australia's larger banks. BOQ owns Virgin Money.
  • HSBC. The local Australian banking arm of this international bank offers various home loans.

What is Finder Score?

The Finder Score crunches 7,000 home loans across 120+ lenders. It takes into account the product's interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate - this gives you a simple score out of 10.

To provide a Score, we compare like-for-like loans. So if you're comparing the best home loans for cashback, you can see how each home loan stacks up against other home loans with the same borrower type, rate type and repayment type. We also take into consideration the amount of cashback offered when calculating the Score so you can tell if it's really worth it.

Read the full Finder Score breakdown

Compare other products from QBANK

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Editor

Richard Whitten is a money editor at Finder, and has been covering home loans, property and personal finance for 6+ years. He has written for Yahoo Finance, Money Magazine and Homely; and has appeared on various radio shows nationwide. He holds a Certificate IV in mortgage broking and finance (RG 206), a Tier 1 Generic Knowledge certification and a Tier 2 General Advice Deposit Products (RG 146) certification. See full bio

Richard's expertise
Richard has written 534 Finder guides across topics including:
  • Home loans
  • Property
  • Personal finance
  • Money-saving tips
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2 Responses

    Default Gravatar
    ChrisApril 1, 2014

    I was a serving police officer with the QPS for 20 years prior to being medically discharged from the service in May 2008.
    I was wondering whether as a past QPS officer I could be eligible to have my NAB home loan refinanced with the QLD Police Credit Union.

    I am not currently a member of the QLD Police Credit Union.

    Can you advise me whether I could be eligible for refinancing.

    I am currently employed with the Queensland Treasury and Trade.

    I am only enquiring at this stage.

      AvatarFinder
      MarcApril 1, 2014Finder

      Hi Chris,
      thanks for the question.

      You can join the QPCU if you are, or have formerly been an employee of the Queensland Police Service. Once you’re a member you can apply for a loan with QPCU provided you fulfil the eligibility requirements they have, much like a regular bank or credit union.

      I hope this helps,
      Marc.

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