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| No Frills | Low Cost | Low Cost (Value Package) |
Qantas Points | Fixed Rate | Variable Rate | Construction Loan | |
| Product | Owner Occupier Investment |
Owner Occupier Investment |
Owner Occupier Investment |
Owner Occupier Investment |
Owner Occupier Investment |
Owner Occupier Investment |
Owner Occupier Investment |
| Loan Type | Variable | Variable | Variable | Variable | Fixed | Variable | Variable |
| Loan Term | Up to 30 years | Up to 30 years | Up to 30 years | Up to 30 years | 1 – 5 years | Up to 30 years | Up to 30 years6 |
| Interest Only Option1 | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | For construction period6 |
| Fixed Rate Available | ✖ | ✖ | ✖ | ✖ | 1 – 5 years | ✖ | ✖ |
| Minimum Amount | $150k | $150k | $150k | $150k | $150k | No minimum | $150k |
| Minimum Deposit2 | 20% | 10% | 10% | 10% | 10% | 5% | 10% |
| Free Multiple Offset Available | ✖ | ✔ | ✔ | ✔ | ✖ | ✔ | ✔ |
| Unlimited extra repayments at no cost | ✔ | ✔ | ✔ | ✔ | Up to $10,000 per year | ✔ | ✔ |
| Redraw Available | ✔ | ✔ | ✔ | ✔ | ✖ | ✔ | ✔7 |
| Redraw Fee | $0 | $0 | $0 | $0 | N/A | $0 | N/A |
| Annual Fee | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Annual Package Fee | $0 | $0 | $199 | $0 | $0 | $0 | $0 |
| Account Keeping Fee | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Establishment Fee (established homes) | $0 | $0 | $0 | $0 | $0 | $600 | $600 |
| Split Loans3 | With fixed rate home loans only | ✔ | ✔ | ✔ | ✔ | ✔ | ✖ |
| Qantas Points4 | ✖ | ✖ | ✖ | ✔ | ✖ | ✖ | ✖ |
| Annual fee waiver ($199) on Visa Platinum Credit Card5 | ✖ | ✖ | ✔ | ✖ | ✖ | ✖ | ✖ |
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1 Only monthly repayment options available for interest only loans. Interest only subject to approval. 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.
2 Mortgage insurance is required for home loans over 80% and is subject to approval.
3 Product deposit requirements vary, split options must meet the highest minimum deposit amount.
4 Qantas Points accrue in accordance with and subject to the Qantas Points Banking Rewards Terms and Conditions issued by Qudos Bank, available at qudosbank.com.au. You must be a member of the Qantas Frequent Flyer program to earn and redeem Qantas Points. Membership and the earning and redemption of points are subject to the Terms and Conditions of the Qantas Frequent Flyer program available at qantas.com/terms. 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.
5 Waived annually whilst signed up to the Value Package. Only available for one Visa Platinum Credit Card per Value Package.
6 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.
7 Redraw is not available during the construction period.
Normal lending criteria, terms and conditions and fees and charges apply. Mortgage insurance is required for home loans over 80% and is subject to approval.
Interest only subject to approval. 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.
