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Qudos Bank home loans

Compare home loan offers available from Qudos Bank.

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Qudos Bank

Qudos Bank, formerly Qantas Credit Union, was established in 1959 by a small group of Qantas employees who decided that they would be financially better off if they pooled their money and created a credit union that would offer competitive loans and savings accounts. It is a mutual organisation that is owned and controlled by its members.

Qantas Credit Union becomes Qudos Bank

Qantas Credit Union has rebranded to become Qudos Bank. They still offer the same products and services including products which earn Qantas Frequent Flyer Points.

Compare Qudos Bank home loans

Rates last updated April 5th, 2020
Loan purpose
Offset account
Loan type
Repayment type
Your filter criteria do not match any product
Name Product Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment Short Description
Qudos Bank Low Cost Home Loan Value Package - >20% deposit (Owner Occupier, P&I)
$395 p.a.
Qudos Bank Low Cost Home Loan Value Package - >20% deposit (Investor, P&I)
$395 p.a.
Qudos Bank Fixed Rate - 2 Year >20% deposit (Owner Occupier, P&I)
$0 p.a.
Borrow up to 90% LVR with no ongoing fees and lock in an interest rate for 2 years.
Qudos Bank Low Cost Home Loan - At least 10% but less than 20% deposit (Owner Occupier, P&I)
$0 p.a.
Qudos Bank Low Cost Home Loan Value Package - At least 10% but less than 20% deposit (Investor, P&I)
$395 p.a.
Qudos Bank Qantas Points Home Loan - >20% deposit (Investor, P&I)
$0 p.a.
Qudos Bank Variable Rate Home Loan - 20% deposit or more Standard (Owner Occupier, IO)
$0 p.a.
Qudos Bank Variable Rate Home Loan - At least 10% but less than 20% deposit (Owner Occupier, IO)
$0 p.a.
Qudos Bank Low Cost Home Loan Value Package - At least 10% but less than 20% deposit (Investor, IO)
$395 p.a.

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Who is Qudos Bank?

Qudos Bank offers a variety of loans for borrowers with different needs. The loans available include the Qantas Points Loan, Step Ahead Loan, Fixed Rate Home Loan, Variable Rate Loan, Home Access Loan and Mortgage Secured Overdraft.

The credit union does not charge any monthly account-keeping fees on its home loans. If you change your loan, deposit or credit card to a Qantas Points Banking product you will receive Qantas Points towards air tickets. Flexible repayment options are available and each loan product offers its own features.

Home Loans offered by Qudos Bank

Qantas Points Home Loan Package

This home loan package is full of features and benefits and it’s also a quick way to earn Qantas Points. A complimentary Visa Platinum Credit Card which earns Qantas points on purchases is also provided with this loan. Frequent flyer membership comes free, and this is a variable interest package which offers competitive rates. An annual fee does, however, apply.

Low Cost Home Loan Package

This loan does not charge an annual fee, account-keeping fee or establishment fee. It also does not attract a fee for redraws or early repayment. This option also features an offset account for principal and interest loans.

Fixed Rate Home Loan

The Fixed Rate home loan lets you protect yourself against interest rate rises. With this loan there is a no account-keeping fee, while limited extra repayments are allowed each year. You also get a limited monthly transaction allowance to use at ATMs and with EFTPOS.

Variable Rate Home Loan

This loan attracts a low establishment fee, no annual fee, no account-keeping fee, no redraw fee and no early repayment fee. An offset account is available for principal and interest loans, while you get the flexibility of a competitive variable rate.

Home Access Loan

One of the great features of this home loan is that you can store all of your income and savings inside your loan, using every cent to reduce the interest you pay. This then gives you the flexibility to repay and redraw money as you please, as long as you don’t exceed your loan limit. This loan offers a competitive establishment fee, no annual fee, no account-keeping fee and no early repayment fee.

Mortgage Secured Overdraft

When you take out a home loan with Qudos Bank you may set up an overdraft connected to your savings account. You are then able to use the overdraft when you need it and only pay the variable home loan interest rate. This will mean you'll have additional funds available on demand when you require them. This loan attracts no account-keeping fee and no annual fee.

About how to compare home loans

Pros and cons of Qudos Bank home loans


  • Few fees. Most of the home loans do not attract any additional account-keeping fees, redraw fees or early repayment fees.
  • Bonuses. Most Qudos Bank loans also attract a bonus monthly allowance for free ATM and EFTPOS transactions.Other added extras include Qantas Points that go towards flight tickets.


  • Not Australia-wide. Qudos Bank does not have a presence in South Australia, Tasmania or the Northern Territory.

How to apply for a Qudos Bank home loan

To apply for a home loan from Qudos Bank, please consult a mortgage broker.

Documents needed to apply for a Qudos Bank home loan

Personal information

  • Tax File Number. Qudos Bank will need to have your Tax File Number (TFN) on hand to include on the loan paperwork.
  • Proof of Identification. Like all lenders across the country, Qudos Bank uses the government’s 100-point identification system to help prove your identity. You will be required to give the bank the proper identification to meet the 100-point threshold in order to have your loan processed.

Property information

You will also need to provide several pieces of documentation pertaining to the purchase of your home. Each home loan may require different documentation, so be sure to talk with your agent to see what your specific requirements are. However, here is a list of the most common property documentation required:

  • Property valuation. When you obtain a loan from Qudos Bank, a proper assessment will need to be done on the property to determine its true value. This will ensure that the loan you are obtaining is equal to the value of the home being purchased.
  • Proof of title for property. Qudos Bank will need to obtain a copy of the title for the property being purchased. This will guarantee that the party selling you the property is the actual owner of the property and has the rights to sell it.
  • Property sales contract. Before closing on your loan, the credit union will need to have a copy of the sales contract for the property. This will provide all the details about the sale of the property.

Financial information

Although you will provide Qudos Bank with your financial information at the initial stages of the application, you will also need to provide proof of that information. The credit union will ask for detailed information about your earnings, assets and expenses. You’ll need to provide:

  • Proof of earnings. You must provide documentation that can prove your annual earnings. If you earn a wage, copies of your payslips should be adequate. If you are self-employed, however, you may need to submit copies of your tax returns.
  • Documentation for outstanding debt. If you have any outstanding debt that you listed on your home loan application, you will need to provide Qudos Bank with a copy of the latest statement for those accounts.
  • Proof of assets. Qudos Bank will need documents that can prove the value of any additional assets or income that you disclosed on your initial home loan application.

If you’re not already a Qudos Bank member, you’ll need to provide the following:

  • Your three most recent payslips and a letter from your employer
  • Your most recent statements for other loans and credit cards
  • Your most recent savings statement.

Qudos Bank offers a number of viable home loan options to potential borrowers, but research each loan thoroughly and compare your options before signing on the dotted line. This way you can be sure of getting the right home loan for your needs.

Home Loan Offers

Important Information*
Logo for UBank UHomeLoan Variable Rate - Discount offer for Owner Occupiers, P&I Borrowing over $200,000
UBank UHomeLoan Variable Rate - Discount offer for Owner Occupiers, P&I Borrowing over $200,000

Take advantage of a low-fee mortgage with a special interest rate of just 2.59% p.a. and a 2.59% p.a. comparison rate.

Logo for HSBC Home Value Loan - Promotional Offer (Owner Occupier P&I)
HSBC Home Value Loan - Promotional Offer (Owner Occupier P&I)

Get a low interest rate loan with no ongoing fees. Plus you can make extra repayments and free redraw online.

Logo for Suncorp Back to Basics Home Loan - Better Together Special Offer $150k+ LVR<=90% Incl. LMI (Owner Occupier, P&I)
Suncorp Back to Basics Home Loan - Better Together Special Offer $150k+ LVR<=90% Incl. LMI (Owner Occupier, P&I)

Get one free online redraw per month and pay no ongoing fees. Application fees are waived for loans above $150,000.

Logo for Essentials - Variable (Owner Occupier, P&I) Essentials - Variable (Owner Occupier, P&I)

A competitive interest rate home loan with interest only options. Interest rate 2.79% p.a.
comp rate of 2.81% p.a.

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4 Responses

  1. Default Gravatar
    SisMarch 23, 2015

    I currently have a home loan with St. George. We have recently sold a property and am looking to set up a redraw facility wih this bank. However, there are conditions I am not happy with including redraw fees and bank consent. I am interested in qantas’ redraw policy and conditions. Also considering to swap home loan to another bank if the conditions are right. Can someone please call me or email for advice.

    • Avatarfinder Customer Care
      belinda.punshon@hiveempire.comMarch 23, 2015Staff

      Hi Sis,

      Thank you for your comment.

      Depending on which home loan you select, Qantas does not charge redraw fees. They have a minimum redraw amount of $1000.00.

      You can view Qantas Credit Union’s product disclosure statements on their website .

      Alternatively, you may need to contact Qantas Credit Union directly to discuss the terms of their redraw facilities.

      We have recently written an article on home loans that require no minimum redraw amount, which you might find useful.


  2. Default Gravatar
    LukeMarch 31, 2014

    Do I really need a letter from my employer for a personal loan? Don’t feel comfortable asking my boss for a letter to get a loan. Surely my payslips are enough?

    • Avatarfinder Customer Care
      MarcMarch 31, 2014Staff

      Hi Luke,
      thanks for the question.

      A personal loan from most lenders will require verification of your income, but as you mention, this is usually in the form of payslips. In some cases a lender may require extra information about your pay, and will therefore contact your employer for more information. The Qantas Credit Union website doesn’t mention that you’ll need to provide a letter from your employer for a personal loan.

      I hope this helps,

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