QBANK is proud to be a Participating Lender in the Australian Government's First Home Loan Deposit Scheme to help first home buyers purchase a home sooner.
Interest Rate
Comparison Rate*
10,000 First Home Loan Deposit Scheme places will be available to eligible first home buyers from 1 July 2021 to 30 June 2022.
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).
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.
If you would like to know more about the Scheme please visit the NHFIC FHLDS 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.
Terms and Conditions apply to home loans and are provided with our loan offer. Fees and charges apply.
Interest rates current as at 21 June 2022 and are subject to change without notice.
Fact Sheets are available here.
If you would like to know more about the Scheme please visit https://www.nhfic.gov.au/what-we-do/fhlds
* 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.
