2 Years Fixed Rate

<95% LVR

2.19 % pa

Interest Rate

3.58 % pa

Comparison Rate*


We understand how important this journey is that you are about to embark on, at QBANK we want to help navigate you confidently through this process and provide you with the information to assist you in your important decision making.

First Home Loan Deposit Scheme (FHLDS)

Applications now open

Home Loan Loan to Value Ratio Interest Rate Comparison Rate*
Classic Special Offer Variable FHLDS <95% 2.59% pa 2.62% pa

To be eligible for any of the above rates, a salary credit of at least $1,500 per month must be deposited into your QBANK transaction account.

 

How does it work?

The Australian Government releases First Home Loan Deposit Scheme places at the start of every financial year. With an additional 10,000 FHLDS (new homes) places announced in October and scheduled for the 2020-21 financial year which are specifically for eligible first home buyers building or purchasing a new home.

The Australian Government, through the National Housing and Finance Investment Corporation (NHFIC) provides a guarantee that will enable first time buyers to purchase a home with a deposit of as little as 5% without paying Lenders Mortgage Insurance (LMI).

 

Who is eligible?

Applicants under the Scheme will be subject to scheme eligibility criteria, including but not limited to criteria in relation to income thresholds and property prices. The Scheme will apply to owner-occupied loans on a principal and interest basis. You can download First Home Loan Deposit Scheme Information Guide and First Home Loan Deposit Fact Sheet. QBANK standard credit eligibility criteria, terms and conditions, fees and charges will apply to loans under the Scheme.

 

More information on FHLDS

If you would like to know more about the Scheme please visit the NHFIC website. For more information about QBANK Home Loans (including credit eligibility criteria, terms and conditions, fees and charges) please visit our Home Loan page.

First Home Buyer Emergency & Corrective Services

The First Home Buyer <95% LVR + LMI is available to Queensland Police Service (QPS), Queensland Fire and Emergency Services (QFES), Queensland Ambulance Service (QAS), Queensland Corrective Services (QCS) and Queensland Health Employees only.

Home Loan Loan to Value Ratio Interest Rate Comparison Rate*
First Home Buyer Classic Variable <95% + LMI 3.41% pa 3.44% pa
First Home Buyer 3 Year Fixed <95% + LMI 3.19% pa 3.70% pa
Eligibility

To be eligible for any of the above rates, a salary credit of at least $1,500 per month must be deposited into your QBANK transaction account. You must have a minimum deposit of 5% (plus any additional costs). Principal and Interest Only.

Product Breakdown

You will have the option to add Lenders Mortgage Insurance (LMI) to your loan amount, rather than paying upfront. (total Loan to Value Ratio (LVR) including LMI not to exceed 100%).

Full pre-approval service valid for three months~


 

First Home Buyers

Choose from a wide range of fixed and variable rate options with QBANK’s First Home Buyer products to help you get into the property market.

Variable
Home Loan  Loan to Value Ratio Interest Rate   Comparison Rate*
Special Offer Classic  <95% Including LMI 3.21% pa 3.24% pa
Special Offer Classic Plus  <95% Including LMI 3.41% pa 3.73% pa
Classic  <95% Including LMI 3.84% pa 3.87% pa
Classic Plus  <95% Including LMI 4.14% pa 4.45% pa

 

To be eligible for the Special Offer Rates, a salary credit of at least $1,500 per month must be deposited into your QBANK transaction account.

 


Fixed
Home Loan Loan to Value Ration Interest Rate Comparison Rate*
1 Year Fixed <95% 2.19% pa 3.71% pa
2 Year Fixed <95% 2.19% pa 3.58% pa
3 Year Fixed <95% 2.19% pa 3.45% pa
4 Year Fixed <95% 2.49% pa 3.42% pa
5 Year Fixed <95% 2.49% pa 3.33% pa
Who is this suitable for?

The First Home Buyer <95% LVR is suitable for Members who are looking to purchase their first home, who have a minimum deposit of 5% (plus any additional costs).

Product Breakdown

You will have the option to add Lenders Mortgage Insurance (LMI) to your loan amount, rather than paying upfront. (total Loan to Value Ratio (LVR) including LMI not to exceed 95%).

First Home Buyer Hub

   

Save On Home Insurance With QBANK

Take out your home building and/or contents insurance policy through us and get 20% off your first year's premium (capped at $200).#

  

Contact Us

Credit eligibility criteria, terms and conditions, fees and charges apply.  

Key Fact Sheets are available here.

* WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. The comparison rate displayed is calculated based on a loan amount of $150,000 over a 25 year term.

 This product is issued by QBE Insurance (Australia) Limited (ABN 78 00 3 1 91 035, AFS License 239545). QBANK (under its own AFSL) acts on behalf of QBE when distributing the Home Cover and Home Cover Prestige insurance policies.​ Please read the PDS available at https://www.qbank.com.au/home-insurance before acquiring this product in considering and deciding whether this is right for you.

~ Pre-approval service provides a conditional loan approval. Approval by the bank and the lenders mortgage insurer and is valid for 3 months from time of approval. It is subject to valuation of the secured property that must be acceptable to the bank. Other conditions may apply.

Footnotes:

  • 1 After the expiry of the fixed rate period, the interest rate changes to QBANK’s Classic Variable Rate (currently 3.84%p.a. for Owner Occupier | 3.87%p.a. Comparison Rate)
  • 2 Valid for home loan applications of $150,000 and is available for a limited time only. Offer not valid for redraw of advance repayments, existing QBANK members switching loans or internal refinances.