Qudos Bank - No Frills Home Loan
Variable | Owner Occupied | Interest Only | LVR up to 70% | Borrowing more than $150,000
The Qudos Bank No Frills Home Loan offers an advertised interest rate of 6.39% p.a. and a comparison interest rate of 6.16% p.a.. The Qudos Bank No Frills Home Loan is suitable for Owner Occupiers with Variable terms.
More Qudos Bank No Frills Home Loan details can be found below or visit Qudos Bank to learn more or apply.
A Variable rate loan for Owner Occupiers repaying the Interest Only with an advertised interest rate of 6.39% p.a. and a comparison interest rate of 6.16% p.a.
Advertised Rate
6.39% p.a. Variable
Comparison Rate
6.16% p.a. Variable
Application Fee
$0 one off
Loan To Value
70%
Interest
Rate Type
Variable
Advertised Rate
6.39% p.a.
Variable
Comparison Rate
6.16% p.a.
Variable
Calculation Frequency
Daily
Application Frequency
Monthly
Terms
Suitability
Owner Occupiers
Borrowing
$150,000
Term
1 to 30
years
Loan To Value
70%
Repayment
Type
Interest Only
Frequency
Monthly
Extra Repayments
Yes
Fees
Application Fee
$0
one off
Ongoing Fee
$0
per month
Discharge Fee
$275
per event
Features
Redraw
Yes
Loan Offset
No
Loan Split
Yes
Who is the product designed for?
The retail clients for whom this product has been designed are individuals who:
- are seeking a loan to:
- build, purchase or renovate a home
- refinance and existing home loan
- top up an existing loan for any worthwhile purpose
- are aged 18 years or more and meet the credit assessment criteria for the product
- are willing and able to offer a first registered mortgage over real property (or other acceptable security) as security for the loan
- need the flexibility to make additional repayments
- do not need a 100% loan offset account
- need the facility to redraw advance repayments
- are seeking an interest only option for an approved purpose and are prepared to make monthly repayments
Visit Qudos Bank to view Target Market Determination Effective From: 2023-10-05.
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