Finty
Qantas Money

Qantas Money Basic Home Loan

Variable or Fixed rateRedraw

For customers looking for a simple, no frills home loan with low upfront fees and no ongoing fees (MSF).

Written byDavid Boyd
Interest rate a year, from
6.28%
Comparison rate
6.35%
Upfront fees
$840
Annual fee
Not published
Monthly fee
None

Monthly repayment

$600,000 over 30 years

Apply now

What it would cost

At the lowest rate of 6.28% (variable, live in, principal and interest). The rate you are offered depends on your deposit and the loan you choose, and upfront fees are not included.

Monthly repayment
$3,706
Total repayments
$1,334,166
Interest
$734,166

Rates

Every rate Qantas Money publishes for this loan. LVR is the loan as a share of the property's value: 80% for a 20% deposit.

RatePropertyRepaymentsLVRInterest rateComparison rate
VariableLive inPrincipal and interestUp to 50%6.28%6.35%
VariableLive inPrincipal and interest50.01% to 60%6.33%6.40%
VariableLive inPrincipal and interest60.01% to 70%6.33%6.40%
VariableLive inPrincipal and interest70.00999999999999% to 80%6.38%6.45%
VariableLive inInterest onlyUp to 50%7.34%6.80%
VariableLive inInterest only50.01% to 60%7.39%6.85%
VariableLive inInterest only60.01% to 70%7.49%6.90%
VariableLive inInterest only70.00999999999999% to 80%7.54%6.95%
VariableInvestmentPrincipal and interestUp to 50%6.39%6.46%
VariableInvestmentPrincipal and interest50.01% to 60%6.44%6.51%
VariableInvestmentPrincipal and interest60.01% to 70%6.49%6.56%
VariableInvestmentPrincipal and interest70.00999999999999% to 80%6.54%6.61%
VariableInvestmentInterest onlyUp to 50%6.54%6.52%
VariableInvestmentInterest only50.01% to 60%6.59%6.57%
VariableInvestmentInterest only60.01% to 70%6.64%6.62%
VariableInvestmentInterest only70.00999999999999% to 80%6.69%6.67%
1 year fixedLive inPrincipal and interestUp to 80%6.54%6.46%
1 year fixedLive inInterest onlyUp to 80%7.04%6.51%
1 year fixedInvestmentPrincipal and interestUp to 80%6.69%6.62%
1 year fixedInvestmentInterest onlyUp to 80%6.79%6.63%
2 year fixedLive inPrincipal and interestUp to 80%6.54%6.48%
2 year fixedLive inInterest onlyUp to 80%7.04%6.57%
2 year fixedInvestmentPrincipal and interestUp to 80%6.69%6.64%
2 year fixedInvestmentInterest onlyUp to 80%6.79%6.65%
3 year fixedLive inPrincipal and interestUp to 80%6.64%6.52%
3 year fixedLive inInterest onlyUp to 80%7.14%6.66%
3 year fixedInvestmentPrincipal and interestUp to 80%6.79%6.68%
3 year fixedInvestmentInterest onlyUp to 80%6.89%6.70%
4 year fixedLive inPrincipal and interestUp to 80%6.74%6.58%
4 year fixedLive inInterest onlyUp to 80%7.24%6.75%
4 year fixedInvestmentPrincipal and interestUp to 80%6.89%6.74%
4 year fixedInvestmentInterest onlyUp to 80%6.99%6.77%
5 year fixedLive inPrincipal and interestUp to 80%6.74%6.61%
5 year fixedLive inInterest onlyUp to 80%7.24%6.82%
5 year fixedInvestmentPrincipal and interestUp to 80%6.89%6.76%
5 year fixedInvestmentInterest onlyUp to 80%6.99%6.80%

Comparison rates are for an example loan of $150,000 over 25 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Fees and features

Fees

Upfront fees
$840
Annual fee
Not published
Monthly fee
None

Features

Offset account
No
Redraw
Yes
Highest LVR
80%
Loan amount
From $300,000

How it compares

Against the other home loans we compare, for a home you live in with a 20% deposit. Typical means the middle half of them.

Variable rate

6.38%

For a home you live in, paying principal and interest. Typical is 6.62%.

Comparison rate

6.45%

For the same rate. Typical is 6.70%.

Upfront fees

$840

Typical upfront fees are $600.

Smallest deposit

20%

Most loans need at least 10% of the price.

Pros and cons

Pros

  • Extra repayments. Paying more than the minimum pays the loan off sooner and cuts the interest you pay.
  • Redraw. You can take back extra repayments later if you need the money.
  • No early repayment fee listed. You can pay the loan off early, or refinance, without a penalty. Check the terms to be sure.
  • Fixed rates on offer. You can fix for 1 to 5 years if you'd like repayments that don't change for a while.
  • Interest only available. Some investors use it to keep repayments down for a few years, though the balance doesn't fall in that time.

Cons

  • No offset account. Your savings can't reduce the interest unless you pay them into the loan.

Similar home loans

Home loans from other lenders with a similar starting variable rate, for a home you live in with a 20% deposit.