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✓ are at least 18 years of age,
✓ are a citizen or permanent resident of Australia,
✓ are currently in paid employment,
✓ have not been bankrupt.
As your application progresses, you'll be kept up to date with email notifications and calls from your dedicated home loan specialist.
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
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.
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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.
