Buying a home is one of the most significant purchases you will make in your lifetime. What can be a daunting and complicated process, doesn’t need to be. QBANK’s home loan specialists can help you from initial enquiry through to settlement. But first, let’s discuss some key terms and definitions.
QBANK is proud to be a Participating Lender in the Australian Government 5% Deposit Scheme, to help first home buyers purchase a home sooner.
Interest Rate
Comparison Rate*
| Home Loans | Loan to Value Ratio | Interest Rate | Comparison Rate* |
| 1 Year Fixed^ | <95% | 5.19% PA | 7.13% PA |
| 2 Year Fixed^ | <95% | 4.99% PA | 6.89% PA |
| 3 Year Fixed^ | <95% | 4.99% PA | 6.69% PA |
| 4 Year Fixed^ | <95% | 5.44% PA | 6.66% PA |
| 5 Year Fixed^ | <95% | 5.49% PA | 6.55% PA |
The Australian Government 5% Deposit Scheme is an initiative to support eligible home buyers to buy a home sooner.
You can buy your first home with a minimum 5% deposit and backing from the Australian Government. No income caps, no waitlists and no LMI means lower upfront costs and you could own your own home sooner.
You can find more information about the Scheme and eligibility criteria on the Australian Government 5% Deposit Scheme website.
There are unlimited spots and no waiting list.
If you would like to know more about the Scheme for First Home Buyers, please visit the Australian Government 5% Deposit Scheme website. You can also download the First Home Buyers Information Guide and the Australian Government 5% Deposit Scheme Fact Sheet. 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 9 July 2025 and are subject to change without notice.
Fact Sheets are available here.
Target Market Determination is available here.
* 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.
^ After the expiry of the fixed rate period, the interest rate changes to QBANK’s Classic Variable Home Loan Product Rate (currently 7.59%p.a. for Owner Occupier | 7.61%p.a. Comparison Rate and 7.94%p.a. for Investor | 8.02%p.a. Comparison Rate).
^^ Additional Government charges and a $195 settlement fee still apply ($295 if construction loan).
~ Additional repayments limited to $10,000 per annum to a maximum of $30,000 in any fixed rate period.
