QBANK Home Loans

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QBANK is a provider of home loans, personal loans, credit cards, savings and transaction accounts, term deposits, car insurance and home insurance.

What home loans does QBANK offer?

If you’re currently considering a home loan, the comparison table below displays some of the variable rate home loans on our database from QBANK that are available for first home buyers. This table is sorted by Star Rating (highest to lowest), followed by comparison rate (lowest-highest). Products shown are principal and interest home loans available for a loan amount of $350K in QLD with an LVR of 80% of the property value. Before committing to a particular home loan product, check upfront with your lender and read the applicable loan documentation to confirm whether the terms of the loan meet your needs and repayment capacity. Use Canstar’s home loan selector to view a wider range of home loan products.

*Comparison rate based on loan amount of $150,000 and a term of 25 years. Read the Comparison Rate Warning

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QBANK home loan features

Depending on which option you choose, a QBANK home loan may include:

  • Maximum loan term of 30 years
  • No penalties for extra repayments on selected loans
  • Free online redraw on selected loans
  • Repayments may be made weekly, fortnightly, or monthly
  • Ability to split the loan
  • Ability to make interest only repayments  
  • 100% offset account on selected loans
  • Option to take 20% off the first year of a home insurance premium with QBANK (capped at $200)

The inclusions above represent a selection of the features available with QBANK home loans. Canstar is not making any suggestion or recommendation to you about this product. Additional conditions may apply to different features. Please see our comparison tables for more detailed information about the products on offer from this provider. Check upfront with QBANK and please ensure that you read the product disclosure statement (PDS) or other loan documentation to determine all the current loan terms and conditions for the product you are considering and whether it meets your needs, before committing to it.

QBANK Home Loans FAQs

Before getting started, you might first like to take a look at our applying for a home loan checklist for some pointers, and use the Canstar website to compare home loans with other providers before choosing a product that suits your needs. 

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If you decide to apply for a QBANK home loan, you can submit an online application via QBANK’s internet banking for members or Online Lending for non-members. 

To apply, QBANK requires that applicants must be:

  • eligible to join QBANK
  • at least 18 years old
  • earning more than $20,000 per year
  • able to provide supporting documents, such as identification, income details and living expenses among other things

Any enquiries can be made online through the QBANK website or over the phone.

Yes, at the time of writing, QBANK allows extra repayments on its fixed and variable interest home loans. Fixed rate loans have a repayment limit of $10,000 per year and a maximum of $30,000 for the fixed-rate period. 

Terms and conditions may apply. Contact QBANK or visit the QBANK website for details.

To give you an idea of how making extra repayments could save money in interest over the life of your loan, you might like to try our Extra Repayments Calculator.

Home Loans Extra Repayments Calculator

At the time of writing QBANK’s variable and fixed rate home loans offer a redraw facility, however, fees apply for paper withdrawals from a fixed rate loan. 

Redraw facilities are not available for interest payment only loans. 

Additional fees and charges may apply to use of a redraw facility. Contact QBANK or visit the QBANK website for details.

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QBANK has been operating since 1964, when it was founded as the QPCU by the Queensland Police Union of Employees. It became a member owned bank in 2016.

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Written by: Eliza Parry-Okeden | Last updated: September 27, 2019