Finty
Qudos Bank

Qudos Bank Low Cost Value Package

Variable rateOffsetRedraw

Low Cost Home Loan Value Package

Written byDavid Boyd
Interest rate a year, from
6.38%
Comparison rate
6.56%
Upfront fees
None
Annual fee
$199
Monthly fee
Not published

Monthly repayment

$600,000 over 30 years

Apply now

What it would cost

At the lowest rate of 6.38% (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
$3,745
Total repayments
$1,348,265
Interest
$748,265

Rates

Every rate Qudos Bank 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 70%6.38%6.56%
VariableLive inPrincipal and interest70.00999999999999% to 80%6.43%6.61%
VariableLive inPrincipal and interest80.01% to 90%6.64%6.82%
VariableLive inInterest onlyUp to 70%6.63%6.69%
VariableLive inInterest only70.00999999999999% to 80%6.68%6.71%
VariableLive inInterest only80.01% to 90%6.89%6.80%
VariableInvestmentPrincipal and interestUp to 70%6.54%6.72%
VariableInvestmentPrincipal and interest70.00999999999999% to 80%6.59%6.77%
VariableInvestmentPrincipal and interest80.01% to 90%6.94%7.12%
VariableInvestmentInterest onlyUp to 70%6.79%6.85%
VariableInvestmentInterest only70.00999999999999% to 80%6.84%6.87%
VariableInvestmentInterest only80.01% to 90%7.19%7.02%

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
None
Annual fee
$199
Monthly fee
Not published

Features

Offset account
Yes
Redraw
Yes
Highest LVR
90%
Loan amount
From $150,000

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

6.43%

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

Comparison rate

6.61%

For the same rate. Typical is 6.70%.

Upfront fees

None

Typical upfront fees are $600.

Annual fee

$199

A typical annual fee is $350.

Smallest deposit

10%

Most loans need at least 10% of the price.

Pros and cons

Pros

  • No upfront fees. Less cash needed at settlement.
  • An offset account. Money in it is taken off your balance when interest is worked out, so your savings and pay cut the interest while staying easy to reach.
  • 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.
  • 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

Nothing stands out.

Similar home loans

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