Finty
QBANK

QBANK Personal Loan

Variable rate

A personal loan from QBANK, with rates from 11.24% a year.

Written byDavid Boyd
Interest rate a year, from
11.24%
Comparison rate, from
11.86%
Establishment fee
$195
Monthly fee
Not published
Borrow
$1,000 to $150,000

Monthly repayment

$20,000 over 3 years

Apply now

What it would cost

At the lowest published rate of 11.24%. The rate you are offered depends on your circumstances, and the establishment fee is not included.

Monthly repayment
$657
Total repayments
$23,654
Interest
$3,654

Loan details

Rates

Interest rate (a year)
11.24%–13.24%
Comparison rate (a year)
11.86%–13.86%
Rate type
Variable
Security
Not published

Limits and fees

Loan amount
$1,000 to $150,000
Loan term
Not published
Establishment fee
$195
Monthly fee
Not published

How it compares

Against the other personal loans we compare. Typical means the middle half of them.

Comparison rate

11.86%

From 11.86%. A typical loan starts at 10.14%.

Cost of $20,000 over 5 years

$6,430

Interest and fees at its starting rate. Typical is $5,513.

Setup fee

$195

A typical setup fee is $150.

Most you can borrow

$150,000

Typically you can borrow up to $60,000.

Pros and cons

Pros

  • Room to borrow more. Up to $150,000, more than the typical $60,000, which can cover bigger costs in one loan.
  • No early repayment fee listed. You can pay the loan off early, or refinance, without a penalty. Check the terms to be sure.

Cons

  • Your rate isn't known until you apply. It's set by your credit history and finances, anywhere from 11.24% to 13.24%, and only some people get the starting rate.
  • A variable rate. Your repayments can rise if the lender lifts its rate, though they can also fall.

Similar loans

Personal loans from other lenders that start at a similar comparison rate.