First Home Guarantee (FHBG)

QBANK is proud to be a Participating Lender in the Australian Government's First Home Guarantee (FHBG) to help first home buyers purchase a home sooner.


Classic Variable

<95% LVR

Interest Rate

3.44 % PA

Comparison Rate*

3.47 % PA

How does it work?

The purpose of the First Home Guarantee (FHBG) is to support eligible first home buyers to enter the housing market sooner. It does this by allowing NHFIC to issue up to 35,000 guarantees each financial year from 2022-23 for eligible loans to first home buyers with a deposit of between 5 and 20 per cent of the property value.


Who is eligible?

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


More information on FHBG

If you would like to know more about the FHBG 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 Key Fact Sheet.


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Ready to start your journey?

Terms and Conditions apply to home loans and are provided with our loan offer. Fees and charges apply.

Interest rates current as at 20 July 2022 and are subject to change without notice.

No Scheme place for a New Home Guarantee will be allocated by NHFIC after 30 June 2022. A New Home Guarantee (NHG) place reserved on, or before 30 June 2022, will still be able to progress to settlement, subject to meeting eligibility criteria and NHG requirements and timelines. If you would like to know more about the FHBG please visit

Fact Sheets are available here.

Target Market Determination is 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.


  • 1 Valid for home loan applications of $150,000 or more of new lending for owner occupiers and is available for a limited time only. Interest only not available. To qualify, the customer must deposit a salary credit of at least $1,500 a month into a QBANK transaction account. Offer may be withdrawn at any time. Offer not valid for redraw of advance repayments, existing QBANK members switching loans or internal refinances.