Classic Plus Home Loan Overdraft Package

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

4.69 % p.a.
$250,000 & above

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

Classic Plus Overdraft
Product name Owner Occupier

$250,000 & above

4.69 % p.a. Owner Occupier


4.84 % 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

No establishment fees

0.5% discount on personal loans

Personal loan application & credit card annual fee waived

Optional: 10% 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

4.69 % p.a. Investment Property

Investor $100,000-$249,999

4.84 % p.a. Investment Property

Disclaimer information Expand

^ Valid for principal and interest only 3 year fixed rate home loan applications for investors approved after 1 August 2017 and is available for a limited time only. Offer may be withdrawn at any time. Offer not valid for redraw of advance repayments, existing QBANK customers switching loans or internal refinances.

~ Applies to owner-occupied loans only. Customers will save up to $900 off standard QBANK, valuation, and mortgagee legal fees. Non-standard valuations and mortgages may incur an additional charge. Government charges still apply.

# Offer applies to home loan applications approved after 17 July 2017. The discount applies to a new home and contents insurance policy only and not on current or subsequent renewals.

* WARNING: This comparison rate applies only to the example above. Different amounts and terms will result in different comparison rates. Costs such as redraw fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is calculated based on a loan amount of $150,000 over a 25 year term.

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.

6 Award winning refers to QBANK's 3 Year fixed rate home loan and Classic Home Loan from Canstar.

7 If further funds are required during the fixed rate term, an additional loan can be established as a split loan.

Terms and conditions are available on request. Normal transaction and account fees and charges still apply. Normal lending criteria applies. Interest rates current as at 5 May 2017 and are subject to change without notice.

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