Mortgage Secured Overdraft

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

5.29 % p.a.
Mortgage Secured Overdraft

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

Mortgage Secured Overdraft
Product name Owner Occupier

Mortgage Secured Overdraft

5.29 % p.a. Owner Occupier

A Mortgage Secured Overdraft provides the flexibility and freedom to choose when and how you access your loan funds. A secured overdraft means you have money 'on hand' - for renovations, home additions, holidays or investments.

Features

Line of credit with a competitive interest rate

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

No monthly fees

Special: save up to $900 on establishment fees~

Optional: 20% off a new home insurance policy#

Facts

Product facts
Interest Type
Variable
Minimum Loan Amount
$30,000
Additional Repayments
Yes
Repayment Redraw
Yes
Monthly Fee
No
100% Offset Account
No
Interest Only Available
No
Establishment Fees Waived
Yes, ~
Top-up Loan Available
Yes
Split Loans Available
Yes
Loan To Valuation Ratio (LVR)
Up to 80%
Loan purpose
Owner occupied or investment
Security
Registered first mortgage over residential property
Borrowers
Individual or joint
Construction Loans Available
Yes
Loan Portable
Yes
Repayment Frequency
Weekly, fortnightly or monthly.
Statement Frequency
Monthly

Investor rates

Mortgage Secured Overdraft
Product name Investment Property

Investor Mortgage Secured Overdraft

5.29 % p.a. Investment Property

Disclaimer information Expand

^ Valid for 2 and 3 year fixed rate home loan applications up to 80% LVR for investors approved after 29 September 2017 and is available for a limited time only. To qualify, the customer must deposit a salary credit of at least $1,500 a month into a QBANK Everyday Plus transaction account. Offer may be withdrawn at any time.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.

# The purchase and payment of a new QBE Home, Home Contents, Landlords or a Comprehensive Motor policy between 9.00am on 6 November 2017 and closes at 5.00pm on 31 December 2017 entitles the member to receive a 20% discount or $200 off their insurance premium, whichever is the lesser. Discount applies on first year premium only.

* 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.

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

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 Valid for 2 year fixed rate principal and interest home loan applications up to 80% LVR for owner occupiers approved after 29 September 2017 and is available for a limited time only. To qualify, the customer must deposit a salary credit of at least $1,500 a month into a QBANK Everyday Plus transaction account. Offer may be withdrawn at any time. Offer not valid for redraw of advance repayments, existing QBANK customers switching loans or internal refinances.

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 29 September 2017 and are subject to change without notice.

Ready when you are

Apply online

Apply for home loan any time online.

Apply Now

Let's talk

Speak to a Home Loan Specialist.

13 77 28

8:45am to 4:30pm Mon-Fri

Have a question?

Make an enquiry and we'll get back to you.

Email Enquiry