The Finance Algorithm
Queensland Country Bank

Home Equity Loan

Our Home Equity Loan allows you to fund home improvements, renovations, purchase a car or for another worthwhile need, by borrowing against the equity in your existing residential property.

Home loansBank updated 23 Sept 2026
At a glance
Variable (owner occ. P&I)
8.24% · 9.72% comparison
Variable (investor P&I)
8.24%
Max LVR
90%
Annual fee
$120
Features
extra repayments
§ 01 — Rates · 1
TypeApplies toTermBandRateComparisonConditions
VariableComparison Rate calculated on a secured loan of $150,000 over a 25 year term based on monthly repayments.P&I8.24%9.72%
§ 02 — Fees · 9
FeeTypeAmountWhenNotes
Arrears Letter Fee - Default Notice prior to EnforcementEvent$70
Arrears Letter Fee - Second Arrears LetterEvent$40
Mortgage Settlement FeeEvent$450Payable on payout of your mortgage loan to prepare the release of mortgage - waived if paid out due to sale or with own funds
Lenders Mortgage InsuranceOtherVariesLenders Mortgage Insurance (LMI) may apply on loans if the Loan to Valuation Ratio (LVR) exceeds 80%.
Other Credit FeesOtherVariesRefer to our Fees and Charges brochure for information on other fees and charges which may apply.
Loan Maintenance FeePeriodic$10Every 1 mo
Document FeeUpfront$250
Establishment FeeUpfront$250
Val Fee - PropertyHubUpfront$50
§ 03 — Features
Extra repaymentsDigital banking
  • · Payments can be arranged weekly, fortnightly or monthly.
  • · Loan Terms up to 10 Years.
  • · Available for owner-occupied and investment loans.
§ 04 — Eligibility & limits
  • · Minimum age 18
  • · Residency: Loans are available to members of the bank who are permanent residents of Australia and currently live in Australia.
  • · Available to individuals
  • · Maximum LVR 90%

Published by Queensland Country Bank under the Consumer Data Right, last changed by them on 23 Sept 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.