Ratings
LVR options
LVR is an acronym for Loan-To-Value Ratio. The LVR is the amount you are borrowing against the property value being used as security, represented as a percentage.
Qudos Bank Home Access Loan does not offer tier pricing for lower LVR. With Home Access Loan, you can borrow upto $95% LVR.
95%
LVR
Qudos Bank
Repayment options
Interest only loans have traditionally been tailored to investors so they can reduce their mortgage repayments and maximise their tax benefits and overall return on investment (ROI). However, getting home loan with interest only (IO) has its place and some lenders are willing to consider your application if you can provide valid reasons.
Interest only repayment option is not available with Qudos Bank Home Access Loan for first home buyer.
Paying pricinpal and interest
Qudos Bank
Q&As
Does Qudos Bank Home Access Loan comes with an offset account?
No, Home Access Loan does not come with an offset account.
Generally speaking, variable home loans without offset accounts are often called basic or 'no-frills' loans, you get lower account-keeping fees and lower interest rate for your home loan. In some cases a basic home loan can actually be cost efficient than a 100% offset account.
What are the costs to apply for Qudos Bank Home Access Loan?
There is upfront costs of $600 to apply for Home Access Loan, with no ongoing account keeping fees.
- Application fee: $600
Are there costs when I exit or refinance to another lender?
Qudos Bank charge a discharge fee of $275, which covers the cost for removing the mortgage that has been registered on the title of your property.
IMPORTANT: Lenders change their policy from time to time so this information is current only accurate at the time that it was written. You should always check with Qudos Bank or a mortgage broker just to be sure. This information should be used as a guide only.