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QT Mutual Bank Choices Package Fixed Rate

Rates and fees last updated on

Get the certainty of a competitive fixed rate along with a host of other discounts and features with the QTMB Choices Package Fixed Rate.

The QTMB Choices Package Fixed Rate offers a competitive fixed rate home loan, as well as discounts across a range of QTMB products. The package features a free transaction account, interest rate bonuses on term deposits and access to a QTMB Platinum Mastercard with no annual fee.

Interest Rate Max Insured LVR Max LVR
1 Year $150k+ (Owner Occupier)
3.72% p.a.
Comparison Rate
4.88% p.a.
95% 80%
1 Year $150k+ (Investor)
4.14% p.a.
Comparison Rate
5.33% p.a.
80% 80%
2 Years $150k+ (Owner Occupier)
3.72% p.a.
Comparison Rate
4.80% p.a.
95% 80%
2 Years $150k+ (Investor)
4.14% p.a.
Comparison Rate
5.24% p.a.
80% 80%
3 Years $150k+ (Owner Occupier)
3.89% p.a.
Comparison Rate
4.78% p.a.
95% 80%
3 Years $150k+ (Investor)
4.24% p.a.
Comparison Rate
5.20% p.a.
80% 80%
5 Years $150k+ (Owner Occupier)
4.19% p.a.
Comparison Rate
4.80% p.a.
95% 80%
5 Year $150k+ (Investor)
4.64% p.a.
Comparison Rate
5.24% p.a.
80% 80%
Product NameQT Mutual Bank Choices Package Fixed Loan
Interest Rate TypeFixed
Comp Rate^ (p.a.)
Minimum Loan Amount$20,000
Minimum Loan Term1 year
Maximum Loan Term30 years
Maximum LVR80%
Maximum Insured LVR95%
Mortgage Offset AccountNo
Mortgage 100% OffsetNo
Split Loan FacilityYes
Loan PortableYes
Extra RepaymentYes
Available as equity loan/line of creditNo
Repayment TypePrincipal & Interest and Interest Only Options
Application Fee$0
Lender's Legal Fee$0
Valuation Fee$0
Ongoing Fees$395 p.a.
Settlement Fee$0
Discharge Fee$165

Pros

  • Minimum loans amount of $20000.
  • Borrow up to 95% LVR.
  • There is $0 application fee.

Cons

  • There is an annual service fee of $395.

Details to consider about the QT Mutual Bank Choices Package Fixed Rate

The QTMB Choices Package Fixed Rate is available for owner occupiers and investors. The loan offers interest rate discounts and special offers on other QTMB products in exchange for an annual package fee of $395. This home loan does not come with an offset account or a redraw facility, but those options are available if you choose to split your loan into fixed and variable portions using QTMB’s Mortgage Breaker Home Loan.

Features

  • Loan amount and term. A minimum loan amount of $20,000 is required to receive the package discounts. The maximum loan term is 30 years.
  • Loan-to-value ratio (LVR). If you are an owner occupier, you can borrow up to 80% before incurring lender’s mortgage insurance (LMI) and up to 95% with LMI. If you are an investor, you can borrow up to a maximum of 80%.
  • Split loan option. You can split your loan into fixed and variable portions, allowing you the certainty of a fixed rate as well as the benefits of a variable rate and potential rate drops.
  • Free transaction account. As part of the QTMB Choices Package, you’ll get a QTMB transaction account with no account keeping fees and unlimited transactions.
  • Bonus interest on term deposits. QTMB Choices Package customers are eligible for an additional 0.15% p.a. bonus interest on investments greater than $5,000 for terms of six months or longer.

Fees

There are no application fees, valuation fees or settlement fees with this loan, although there is an annual package fee.

  • Annual package fee: $395. This annual fee covers all the products included in the QTMB Choices Package.
  • Loan splitting fee: $150. This fee is charged if you wish to split your loan between fixed and variable upon application. A fee of $200 will apply if you choose to split your loan at a later date.
  • Discharge on refinance: $165. This fee is paid if you refinance your home loan and need to discharge your loan from QTMB.
  • Discharge in full to owner: $132. This fee is paid when you pay out your home loan in full and the documents are discharged and handed to you the owner.
  • Discharge in full when registered with government department: $307. This fee is paid when you pay out your home loan in full and the documents are discharged when the mortgage is registered with the Department of Natural Resources and Mines.

How to apply

If you’ve considered your options and the QTMB Choices Package Fixed Rate sounds right for you, you can apply online or contact QTMB directly to further discuss the loan.

Before you apply, ensure you have the following information handy:

  • Personal and contact details. This includes the full name, date of birth, address, contact number and personal identification of each of the applicants.
  • Loan and property details. This includes the loan amount, the way you want to structure your loan and the details of the property you are looking to purchase.
  • Financial details. This includes the details of your income from work and any other income streams, your savings and information about your monthly living expenses.
  • Financial liabilities. You will need to supply information about any and all other loans, credit cards and debt-related products that are attached to your name or any of the applicants’ names.

With the certainty of a competitive fixed rate and a host of discounted products on offer, the QT Mutual Bank Choices Package Fixed Rate is definitely one to consider.


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This page was last modified on 4 April 2017 at 10:04am.

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QT Mutual Bank Choices Package Fixed Loan

  • Interest Rate

    N/A

  • Comparison Rate

    N/A

  • App Fee / Annual Service Fee

    $0 / $395

  • Max LVR

    80%

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