QBANK Fixed Home Loan

Get the certainty of a fixed rate with flexible features and no monthly fees.

The QBANK Fixed Home Loan allows you to lock in your rate from one to five years, while offering penalty-free additional repayments, a free online redraw account and no monthly fees.

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Richard Whitten

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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) and a Tier 1 Generic Knowledge certification (RG 146).

Expert review

The QBANK Fixed Home Loan allows you to lock in your rate from one to five years, while offering penalty-free additional repayments, a free online redraw account and no monthly fees.

The QBANK Fixed Home Loan is available to owner-occupiers or investors for purchase or construction.

About this loan

What are the features and benefits of the QBANK Fixed Home Loan?

  • Loan amount and purpose. The QBANK Fixed Home Loan has a minimum borrowing amount of just $50,000. The loan is available for both owner-occupiers and investors, and you can use it for construction.
  • Flexible repayments. The QBANK Fixed Home Loan allows weekly, fortnightly or monthly repayments to suit your pay schedule. It also allows penalty-free extra repayments of up to $10,000 per year to a maximum of $30,000 during the fixed-rate term.
  • Free online redraw. You can access any additional repayments you've made using the loan's free online redraw.
  • High maximum LVR. You can borrow up to 95% of the value of the property you're buying. However, borrowing more than 80% will incur a lenders mortgage insurance (LMI) premium.
  • Optional discounts. You could be eligible for up to a 20% discount off a new home insurance policy.
  • No monthly fee. The QBANK Fixed Home Loan carries no monthly fee, and the bank is currently waiving the $700 establishment fee for owner-occupiers.

What fees and charges come with this loan?

  • Establishment fee. $700. This fee covers the cost of processing your home loan application. QBANK is currently waiving this fee for owner-occupiers.
  • Settlement fee. $195. This fee is charged when you close your home loan account either by paying off your home loan or refinancing.

How to apply

If you've compared your options and the QBANK Fixed Home Loan is right for you, click the link below. You'll be taken to QBANK's website where you'll be guided through the application process.

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