The Finance Algorithm
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No Frills Home Loan

No Frills Home Loan Owner

Home loansBank updated 15 Oct 2026
Apply at Qudos Bank ↗Product page ↗Fees and pricing ↗Terms ↗

At a glance

Variable (owner occ. P&I)
6.38%6.38% comparison
Variable (investor P&I)
6.59%
Max LVR
80%
Annual fee
$0
Features
redraw, extra repayments

How it compares

This home loan in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.

This home loan: 6.39%Every other institution's lowest, 103 in all

Owner occupier, principal & interest, 80% LVR. One dot per institution, at its lowest variable home loan rate anyone can apply for; hover or tap a dot for its name.

RateThis home loanBest anywhereTypical institutionWhere it sits
Variable home loanOwner occupier, principal & interest, 80% LVR6.39%5.93%SCCU's BROKER HOME LOAN6.38%of 104 institutions54th lowest of 104, level with 5 others
Investor variable home loanInvestment, principal & interest, 80% LVR6.59%5.94%AAA Financial Corporation's Portfolio Loan6.59%of 104 institutions49th lowest of 104, level with 7 others

Rates

Every rate Qudos Bank publishes for this home loan, 8 in all.

Variable rate by LVR

Owner occupier, principal and interest, the lowest rate published for each band of the loan's share of the property's value

  1. ≤70%6.38%
  2. 70–80%6.39%
Variable rate for the band
TypeApplies toTermBandRateComparisonConditions
VariableInvestment, Interest only-≤70% LVR6.84%6.70%-
VariableInvestment, Interest only-70–80% LVR6.84%6.70%-
VariableInvestment, P&I-≤70% LVR6.59%6.59%-
VariableInvestment, P&I-70–80% LVR6.59%6.59%-
VariableOwner occupied, Interest only-≤70% LVR6.63%6.49%-
VariableOwner occupied, Interest only-70–80% LVR6.64%6.50%-
VariableOwner occupied, P&I-≤70% LVR6.38%6.38%-
VariableOwner occupied, P&I-70–80% LVR6.39%6.39%-

Rate changes

8 changes logged, newest first.

DateRateWasNowChange
16 Oct 2026Variable, Investment, Interest only, ≤70% LVR6.59%6.84%up 0.25
16 Oct 2026Variable, Investment, Interest only, 70–80% LVR6.59%6.84%up 0.25
16 Oct 2026Variable, Investment, P&I, ≤70% LVR6.34%6.59%up 0.25
16 Oct 2026Variable, Investment, P&I, 70–80% LVR6.34%6.59%up 0.25
16 Oct 2026Variable, Owner occupied, Interest only, ≤70% LVR6.38%6.63%up 0.25
16 Oct 2026Variable, Owner occupied, Interest only, 70–80% LVR6.39%6.64%up 0.25
16 Oct 2026Variable, Owner occupied, P&I, ≤70% LVR6.13%6.38%up 0.25
16 Oct 2026Variable, Owner occupied, P&I, 70–80% LVR6.14%6.39%up 0.25

Each change is logged the night it appears in the rates Qudos Bank publishes. See how every lender answered the RBA on the rate tracker.

Fees

4 fees published, grouped by when they're charged.

  1. When you take it outNo feeEstablishment Fee
  2. While you hold itVaries2 fees, each listed below
  3. When you close it or pay it offNo fee published

When you take it out1

  • Establishment Fee
    No fee

While you hold it2

  • Account Keeping Fee
    No fee
  • Annual Fee
    No fee

When particular things happen1

  • Redraw Fee

    Redraw is not available during the construction period.

    No fee

Features

RedrawExtra repaymentsInstant paymentsPayIDDigital banking
  • Repayment options of weekly, fortnightly, or monthly

Eligibility and limits

  • Minimum age 18
  • Residency: Customers who are Permanent Resident or Citizens may apply for the product
  • Employment: Full time, Part Time, Casual, Self Employed
  • Available to individuals
  • Amount from $150,000, no maximum
  • Maximum LVR 80%
  • Minimum deposit 20%

Published by Qudos Bank under the Consumer Data Right, last changed by them on 15 Oct 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.