Classic Plus Home Loan Overdraft Package

A home or investment line of credit with a competitive variable interest rate.

4.37 % p.a.
$250,000 & above

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A home or investment line of credit with a competitive variable interest rate.

Classic Plus Overdraft
Product name Owner Occupier

$250,000 & above

4.37 % p.a. Owner Occupier


4.52 % p.a. Owner Occupier

The Classic Plus home loan overdraft package rewards members with ongoing benefits such as significant savings on borrowings, everyday banking and investments.

At the same time the Classic Plus Overdraft provides the flexibility and freedom to choose when and how you access your loan funds. It's great if you want to have money 'on hand' - for renovations, home additions, holidays or investments.


Line of credit with a competitive interest rate

Access funds up to your approved limit without applying for a new loan

No penalty for extra repayments

Free online redraw for P&I loans

No establishment fees

0.5% discount on personal loans

Personal loan application fee waived

Optional 20% off a new home insurance policy#


Product facts
Interest Type
Minimum Loan Amount
Additional Repayments
Repayment Redraw
Monthly Fee
100% Offset Account
Interest Only Available
Establishment Fees Waived
Top-up Loan Available
Split Loans Available
Loan To Valuation Ratio (LVR)
Up to 80%
Loan purpose
Owner occupied or investment
Registered first mortgage over residential property
Individual or joint
Construction Loans Available
Loan Portable
Repayment Frequency
Weekly, fortnightly or monthly.
Statement Frequency
To be eligible members must have their salary credited into a QBANK transaction account and hold a QBANK credit card (subject to approval).

Investor rates

Classic Plus Overdraft
Product name Investment Property

Investor $250,000 & above

4.37 % p.a. Investment Property

Investor $100,000-$249,999

4.52 % p.a. Investment Property

Disclaimer information Expand

~ Applies to owner-occupied loans only. Members will save up to $700 off standard QBANK, valuation, and mortgagee legal fees. Government charges and a $195 settlement fee still apply ($295 if construction loan).

# The purchase and payment of a new QBE Home, Home Contents, Landlords or a Comprehensive Motor policy entitles the members to receive a 20% discount or $200 off their insurance premium, whichever is the lesser. Discount applies on first year premium only. Not available on renewals. Full terms and conditions available at Offer may be withdrawn at any time. Please read the PDS available at to decide if a product is right for you. Insurance issued by QBE Insurance (Australia) Ltd ABN 78 003 191 035 AFSL 239545.

* The comparison rate displayed is calculated based on a loan amount of $150,000 over a 25 year term. 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.

2 Valid for home loan applications of $150,000 or more of new lending for owner occupiers and is available for a limited time only. Interest only not available. To qualify, the customer must deposit a salary credit of at least $1,500 a month into a QBANK transaction account. Offer may be withdrawn at any time. Offer not valid for redraw of advance repayments, existing QBANK members switching loans or internal refinances.

3 Additional repayments limited to $10,000 per annum to a maximum of $30,000 in any fixed rate period.

4 Not available on interest only. Fee for paper redraw applies.

Normal lending criteria applies. Interest rates current as at 4 October 2019 and are subject to change without notice.

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As a member owned bank, our profits go back to members in the form of award winning products, low rates and low fees. Our credit criteria is tailored around our unique community, those who serve and protect Queensland. We take into account overtime, shift penalties and 100% allowances for those in essential services.