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View our best home loan interest rates across all of our home loans

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Qudos Bank Home Loan Rates

Rates current as at 28 February 2024

View the rate tables below or hit the print icon to print or save as PDF.

At Qudos Bank, we offer a wide range of home loan options with different interest rates and features for both investors and those looking to move in. The right one for you will depend on your unique situation, and our team is here to help you find it. Keep reading to learn more about each one, its use and its benefits.

Variable owner occupied

Below are some of our variable home loan options. These home loan interest rates may fluctuate throughout the duration of the loan but often have some of our best home loan interest rates. Variable rate loans tend to have more features than fixed loans, some of which may include: low or no establishment fees, the option to have multiple offset accounts, unlimited extra repayments and free instant redraws.

Variable owner occupied loans are intended for borrowers who are going to live in the property they are buying with the loan.

At Qudos Bank, we have many attractive variable owner occupied home loans to choose from. See the list of options below to learn more about these home loans, interest rates and their other features.  

 

 

No Frills Home Loan - Owner Occupied

Minimum deposit of 20%

  30% deposit or more 20% - 30%
Loans > $150k Interest rate Comparison rate Interest rate Comparison rate
P&I 6.04% p.a. 6.04% p.a. 6.14% p.a. 6.14% p.a.
Interest Only 6.44% p.a. 6.21% p.a. 6.54% p.a. 6.31% p.a.

 

Low Cost Home Loan - Owner Occupied

Minimum deposit of 10%

  30% deposit or more 20% - 30% 10% - 20%
Loans > $150k  Interest rate Comparison rate Interest rate Comparison rate Interest rate Comparison rate
P&I 6.24% p.a. 6.24% p.a. 6.34% p.a. 6.34% p.a. 6.64% p.a. 6.64% p.a.
Interest Only 6.74% p.a. 6.51% p.a. 6.84% p.a. 6.55% p.a. 7.14% p.a. 6.69% p.a.

 

 

Low Cost Home Loan (Value Package)^- Owner Occupied

Minimum deposit of 10%

  30% deposit or more 20% - 30% 10% - 20%
Loans > $150k Interest rate Comparison rate Interest rate Comparison rate Interest rate Comparison rate
P&I 6.14% p.a. 6.33% p.a. 6.24% p.a. 6.42% p.a. 6.54% p.a. 6.72% p.a.
Interest Only 6.64% p.a. 6.58% p.a. 6.74% p.a. 6.63% p.a. 7.04% p.a. 6.76% p.a.

^A package fee of $199 is payable annually.

 

Qantas Points Home Loan^^- Owner Occupied

Minimum deposit of 10%

  20% deposit or more 10% - 20%
Loans > $150k Interest rate Comparison Rate Interest rate Comparison Rate
P&I 6.54% p.a. 6.54% p.a. 6.74% p.a. 6.74% p.a.
Interest Only 7.04% p.a. 6.76% p.a. 7.24% p.a. 6.84% p.a.

^^Qantas points accrue in accordance with and subject to the Qantas Points Banking Terms and Conditions, available on our Legal webpage

 

Standard Variable Rate Home Loan** - Owner Occupied

  20% deposit or more 10% - 20% Less than 10% deposit
Loans > $150k Interest rate Comparison Rate Interest rate Comparison Rate Interest rate Comparison Rate
P&I 7.04% p.a. 7.08% p.a. 7.24% p.a. 7.28% p.a. 7.54% p.a. 7.59% p.a.
Interest Only 7.54% p.a. 7.30% p.a. 7.74% p.a. 7.39% p.a. 8.04% p.a. 7.53% p.a.

**Principal and interest or interest only repayments available (subject to approval). A $600 establishment fee applies.

 

Construction Loan++ - Owner Occupied

Minimum deposit of 10%

  20% deposit or more 10% - 20%
Loans > $150k Interest rate Comparison Rate Interest rate Comparison Rate
Interest Only 6.54% p.a. 6.40% p.a. 6.74% p.a.   6.42% p.a.

++ A $600 establishment fee applies.

 

Other Home/Investment Loans++

Loan Type Interest rate
Home/Investment Access   7.63% p.a.

++ A $600 establishment fee applies.

 

 

Variable Investment

The nature of variable home loan rates means that they can change throughout the course of the loan. A benefit of this is that your home loan interest rate could decrease, which may help you pay off your loan and save money on interest. Unlike owner occupied loans, variable investment home loans are intended for borrowers who wish to rent a property to tenants or renovate and sell (without living in the property).

Many of our variable Investment home loans have the same or similar features as our variable owner-occupied options. Browse our options below to find out which of our variable investment loans could work best for you.

 

 

No Frills Investment Home Loan

Minimum deposit of 20%

  30% deposit or more 20% - 30%
Loans > $150k  Interest rate Comparison rate Interest rate Comparison rate
P&I  6.34% p.a. 6.34% p.a. 6.44% p.a. 6.44% p.a.
Interest Only 6.54% p.a. 6.48% p.a. 6.64% p.a. 6.53% p.a.

 

 

Low Cost Investment Home Loan

Minimum deposit of 10%

  30% deposit or more 20% - 30% 10% - 20%
Loans > $150k  Interest rate Comparison rate Interest rate Comparison rate Interest rate Comparison rate
P&I 6.54% p.a. 6.54% p.a. 6.64% p.a. 6.64% p.a. 6.94% p.a. 6.94% p.a.
Interest Only 6.84% p.a. 6.73% p.a. 6.94% p.a. 6.77% p.a. 7.24% p.a. 6.90% p.a.

 

 

Low Cost Investment Home Loan (Value Package)^

Minimum deposit of 10%

  30% deposit or more 20% - 30% 10% - 20%
Loans > $150k Interest rate Comparison rate Interest rate Comparison rate Interest rate Comparison rate
P&I 6.44% p.a. 6.62% p.a. 6.54% p.a. 6.72% p.a. 6.84% p.a. 7.02% p.a.
Interest Only 6.74% p.a. 6.80% p.a. 6.84% p.a. 6.84% p.a.   7.14% p.a. 6.97% p.a.

^A package fee of $199 is payable annually.

 

Qantas Points Investment Home Loan^^

Minimum deposit of 10%

  20% deposit or more 10% - 20%
Loans > $150k  Interest rate Comparison Rate Interest rate Comparison Rate
P&I 6.84% p.a. 6.84% p.a. 7.04% p.a. 7.04% p.a.
Interest Only 7.14% p.a. 6.97% p.a. 7.34% p.a. 7.06% p.a.

^^Qantas points accrue in accordance with and subject to the Qantas Points Banking Terms and Conditions, available on our Legal webpage

 

Standard Variable Investment Rate Home Loan**

  20% deposit or more 10% - 20% Less than 10% deposit
Loans > $150k Interest rate Comparison Rate Interest rate Comparison Rate Interest rate Comparison Rate
P&I 7.34% p.a. 7.39% p.a. 7.54% p.a. 7.59% p.a. 7.84% p.a. 7.89% p.a.
Interest Only 7.64% p.a. 7.52% p.a. 7.84% p.a. 7.61% p.a. 8.14% p.a. 7.74% p.a.

**Principal and interest or interest only repayments available (subject to approval). A $600 establishment fee applies.

 

Construction Investment Loan++

Minimum deposit of 10%

  20% deposit or more 10% - 20%
Loans > $150k  Interest rate Comparison Rate Interest rate Comparison Rate
Interest Only 6.84% p.a. 6.70% p.a.   7.04% p.a. 6.72% p.a.

++  A $600 establishment fee applies.

 

Other Home/Investment Loans++

Loan Type Interest rate
Home/Investment Access   7.63% p.a.

++ A $600 establishment fee applies.

 

Fixed owner occupied

Fixed home loans, like the options below, have the same interest rate for a specific period of time (from 1 to 5 years). This could alleviate the stress that comes with the uncertainty of variable interest loans. While variable rates could offer more flexibility, fixed owner-occupied home loans are generally more secure — which could make it appealing to borrowers who are entering the property market for the first time. A set interest rate could provide certainty and may help simplify your budgeting while you focus on building up your equity.

Fixed owner-occupied loans are intended for those who are planning on living in the property bought with the home loan.

View our current home loan interest rates and more below.

 

 

Principal & Interest

Minimum deposit amount of 10%

  20% deposit or more 10% - 20%
Loans > $150k Interest rate Comparison Rate Interest rate Comparison Rate
1 Year 6.14% p.a. 6.32% p.a. 6.44% p.a. 6.35% p.a.
2 Year 6.04% p.a. 6.28% p.a. 6.34% p.a. 6.34% p.a.
3 Year 5.94% p.a. 6.23% p.a. 6.24% p.a. 6.31% p.a.
4 Year 6.14% p.a. 6.27% p.a. 6.44% p.a. 6.38% p.a.
5 Year 6.14% p.a. 6.25% p.a. 6.44% p.a. 6.38% p.a.

 

 

Interest Only

Minimum deposit amount of 10%

  20% deposit or more 10% - 20%
Loans > $150k Interest rate Comparison Rate Interest rate Comparison Rate
1 Year 6.54% p.a. 6.36% p.a. 6.84% p.a. 6.39% p.a.
2 Year 6.44% p.a. 6.36% p.a. 6.74% p.a. 6.42% p.a.
3 Year 6.34% p.a. 6.34% p.a. 6.64% p.a. 6.42% p.a.
4 Year 6.54% p.a. 6.41% p.a. 6.84% p.a. 6.52% p.a.
5 Year 6.54% p.a. 6.43% p.a. 6.84% p.a. 6.55% p.a.

 

~ All fixed rate owner occupied loans revert to  6.34% p.a. and all fixed rate investment loans revert to 6.64% p.a.  

Fixed investment

If you’re looking to invest in a property — by either renting it out or tenants or renovating and selling (without living in the property) — a fixed investment home loan may be a good option. At Qudos Bank, our fixed investment home loans have many attractive features for borrowers, some of which include: $0 bank fees, the ability to make extra repayments up to $10,000 per year, the option to split the loan and a choice of 1, 2, 3, 4 or 5-year fixed terms.

Fixed investment home loans remain set at the same interest rate for the fixed period. This means that you don’t have the added stress of home loan interest rates potentially changing unfavourably and could allow you to budget better for upcoming repayments.

Browse and compare our fixed investment loan options below to find the best one for you.

 

 

Principal & Interest

Minimum deposit amount of 10%

  20% deposit or more 10% - 20%
Loans > $150k Interest rate Comparison Rate Interest rate Comparison Rate
1 Year 6.44% p.a. 6.62% p.a. 6.74% p.a. 6.65% p.a.
2 Year 6.34% p.a. 6.58% p.a. 6.64% p.a. 6.64% p.a.
3 Year 6.24% p.a. 6.53% p.a. 6.54% p.a. 6.61% p.a.
4 Year 6.44% p.a. 6.57% p.a. 6.74% p.a. 6.68% p.a.
5 Year 6.44% p.a. 6.55% p.a. 6.74% p.a. 6.68% p.a.

 

 

Interest Only

Minimum deposit amount of 10%

  20% deposit or more 10% - 20%
Loans > $150k Interest rate Comparison Rate Interest rate Comparison Rate
1 Year 6.64% p.a. 6.64% p.a. 6.94% p.a. 6.67% p.a.
2 Year 6.54% p.a. 6.62% p.a. 6.84% p.a. 6.68% p.a.
3 Year 6.44% p.a. 6.58% p.a. 6.74% p.a. 6.67% p.a.
4 Year 6.64% p.a. 6.64% p.a. 6.94% p.a. 6.75% p.a.
5 Year 6.64% p.a. 6.64% p.a. 6.94% p.a. 6.77% p.a.

 

~ All fixed rate owner occupied loans revert to  6.34% p.a. and all fixed rate investment loans revert to 6.64% p.a.  

Compare Qudos Bank Home Loan Features, Rates and More!


Things To Consider When Comparing Home Loan Rates

When deciding on the best home loan, interest rates aren’t the only thing you need to consider. On top of choosing a home loan with an attractive rate that suits your financial situation, you should also consider these factors:

  • Upfront and ongoing costs — Depending on the home loan you choose, you may also be required to pay upfront and ongoing fees. Check these with your lender.
  • Features that’ll help you repay your home loan sooner — Home loans with features including redraw, offsets and split rate home loans may help you to repay your home loan sooner.
  • Insurance and other fees — Lenders’ Mortgage Insurance (LMI) may be payable if you have a deposit of less than 20%.

Have Questions? Get In Contact With Qudos Bank!

If you’ve had a look at our current home loans, interest rates and features, and have any questions, please don’t hesitate to get in touch with us.

Being a 100% mutual bank means everything we do is designed to benefit you; rather than simply for making a profit to benefit shareholders. Our highly experienced team of home loan experts is dedicated to making sure you receive top customer service, which could lead to finding the best possible home loan for your unique circumstances.

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Footnotes:

  • 1 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 of 20%. 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 variable rate reverts to the interest rate applicable to a new principal and interest No Frills Home Loan with a deposit or equity of 20% or more, currently 6.14% for owner occupied loans and 6.44% for investment loans. Interest only available for 1 to 5 years and is subject to approval.
  • 2 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 of 20% or more for the relevant purpose.
  • 3 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 of 10%. 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 variable rate reverts to the interest rate applicable to a new principal and interest Low Cost Home Loan with a deposit or equity of 20% or more, currently 6.34% for owner occupied loans and 6.64% for investment loans. Interest only available for 1 to 5 years and is subject to approval.
  • 4 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 of 10%. 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 variable rate reverts to the interest rate applicable to a new principal and interest Low Cost Value Package Home Loan with a deposit or equity of 20% or more, currently 6.24% for owner occupied loans and 6.54% for investment loans. Interest only available for 1 to 5 years and is subject to approval.
  • 5 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 of 10%. 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 variable rate reverts to the interest rate applicable to a new principal and interest Qantas Points Home Loan with a deposit or equity of 20% or more, currently 6.54% for owner occupied loans and 6.84% for investment loans. Interest only available for 1 to 5 years and is subject to approval.
  • 6 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 of 5%. 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 variable rate reverts to the interest rate applicable to a new principal and interest Standard Variable Home Loan with a deposit or equity of 20% or more, currently 7.04% for owner occupied loans and 7.34% for investment loans. Interest only available for 1 to 5 years and is subject to approval.
  • 7 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. 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, currently 6.34% for owner occupied loans and 6.64% for investment loans.
  • 8 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 principal and interest Low Cost Home Loan with the relevant purpose (i.e. owner-occupied or investment) and deposit amount.
  • 9 Rates displayed above are available for new borrowings of $150,000 and over only. Minimum deposit of 10%. Fixed rate may change prior to funding. On expiration of the fixed rate period, the interest rate reverts to a variable rate currently 6.34% for Owner Occupier and 6.64% for Investment home loans. Excludes existing loans, switching and variations. These offers can be withdrawn by Qudos Bank at any time.
  • 10 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 period, reverting to 6.34% for owner-occupied loans and 6.64% for investment loans. For fixed interest only loans, the interest only period is equal to the fixed 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 also read the relevant Terms and Conditions, Product Disclosure Statement, and our Financial Services Guide available on our website before deciding to apply for any of our financial products and services.

© Qudos Mutual Limited trading as Qudos Bank ABN 53 087 650 557 AFSL/Australian Credit Licence 238 305

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