The Finance Algorithm
QBANK

Mortgage Secured Overdraft

Mortgage Secured Overdraft

OverdraftsBank updated 1 June 2026
At a glance
Variable
8.89%
Loan size
$30,000 to no maximum
Upfront fee
$490
§ 01 — Rates · 1
TypeApplies toTermBandRateComparisonConditions
Variable8.89%
§ 02 — Fees · 4
FeeTypeAmountWhenNotes
SPLIT_LOAN_FEEEvent$25Applies per additional loan split and waived on the classic plus package
TOP_UP_FEEEvent$200Applies when further lending is requested and applied to a current QBANK loan limit. Payable at the time the top-up is funded.Waived on the classic plus package
CONSTRUCTION_SETTLEMENT_FEEUpfront$295Applies once only per construction loan facility
STANDARD_SETTLEMENT_FEEUpfront$195Applies once only per standard loan facility and waived on the classic plus package.
§ 03 — Features
20% off a new home insurance policy
  • · No monthly fees
  • · Access funds up to your approved limit without applying for a new loan
§ 04 — Eligibility & limits
  • · Minimum age 18
  • · Amount $30,000 to no maximum
  • · LVR up to 80%

Published by QBANK under the Consumer Data Right, last changed by them on 1 June 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.