Qudos Bank Low Cost Home Loan Welcome Rate Review

A low-rate home loan that offers attractive features and no fees.

The Qudos Bank Low Cost Home Loan Welcome Rate offers a sharp interest rate along with features that usually attract annual or monthly fees. However, this loan comes with no upfront or ongoing fees and also offers discounts on other Qudos Bank products and services.

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Review by


Adam Smith was the home loans editor at Finder.

Expert review

The Qudos Bank Low Cost Home Loan is a low-rate variable home loan that is available to both owner-occupiers and investors, although investors will pay a higher rate than owner-occupiers. This loan comes with features such as a redraw facility and a 100% offset account but carries no upfront or ongoing fees. Borrowers who choose this loan also receive a free meeting with a Qudos Bank financial planner and a 10% discount on Allianz home and contents insurance.

About this loan

What are the features and benefits of the Qudos Bank Low Cost Home Loan Welcome Rate?

  • Loan amount and term. The Qudos Bank Low Cost Home Loan has a minimum loan amount of $150,000 and no maximum loan amount. The maximum loan term is 30 years.
  • Loan-to-value ratio (LVR). You can borrow up to 95% of the value of the property you're intending to buy. However, loans above 80% LVR require lenders mortgage insurance (LMI).
  • Free 100% offset account. This loan comes with a free offset account, which allows you to reduce the interest payable on your home loan and enables you to pay off your home loan quicker.
  • Redraw facility. The Qudos Bank Low Cost Home Loan offers a redraw facility, which gives you online access to any additional funds you've paid on your home loan.
  • Repayment holiday. If you've made additional repayments on your home loan, the Qudos Bank Low Cost Home Loan allows you to apply for a repayment holiday. Repayment holidays are not available on interest-only loans.
  • Flexible repayments. This loan offers unlimited additional repayments without a penalty. You can make repayments weekly, fortnightly or monthly. The Qudos Bank Low Cost Home Loan also offers both principal and interest or interest-only repayments. You can make interest-only repayments for a period of up to five years.
  • Additional savings. Customers who take out a Qudos Bank Low Cost Home Loan are eligible for a complimentary meeting with one of the bank's financial planners and also receive a 10% discount on Allianz home and contents insurance.
  • Fee free. The Qudos Bank Low Cost Home Loan comes with no ongoing or upfront fees.

What fees and charges come with this loan?

  • The Qudos Bank Low Cost Home Loan carries no annual fees, no monthly fees and no upfront application fees.

How to apply

If the Qudos Bank Low Cost Home Loan Welcome Rate sounds like a product that meets your home loan needs, you can head to Qudos Bank's website for more details and to apply. When you apply, you'll need to provide the following details:

  • Personal details. Qudos Bank will need your name, address and date of birth as well as details about your employment.
  • Property details. Qudos Bank will want details about the property you intend to buy and the loan amount you're applying for.
  • Financial details. You'll need to provide details about your income, assets and liabilities, including any outstanding debts and open credit accounts.

The Qudos Bank Low Cost Home Loan Welcome Rate offers a range of features, no fees and a competitive rate. It could be worth adding it to your home loan comparison.

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