Mortgage & loan protection

If you lost your job or suffered an injury and you were unable to work, could you cover your loan repayments?

Mortgage & loan protection

If you lost your job or suffered an injury and you were unable to work, could you cover your loan repayments? If the worst did happen and you lost your life, would your family be able to cover your debts?


If the answer is no, and you are considering taking a loan with us or you have an existing loan with us, loan protection and mortgage protection insurance may be the answer. We have a range of options to suit your needs.

Cover benefits

Life

In the event of your death the outstanding balance of your loan will be paid in full including any arrears in monthly repayments, up to two months.

Trauma

In the event of contracting a major diagnosed disease or condition such as the following, you will automatically be covered for $10,000 and this cover can be increased to a maximum of $50,000:

  • Cancer
  • Chronic kidney failure
  • Heart attack
  • Coronary artery surgery
  • Stroke, or
  • Major organ transplant

Disability

If you're unable to work because of a disability, illness or injury this ensures that your loan repayments will be met.

Involuntary Unemployment

If you involuntarily lose your job this type of loan protection will cover your loan repayments for up to 120 days.

Cover backed by QBE

Mortgage & loan protection is one of a comprehensive range of insurance solutions offered through our association with QBE Insurance. Founded in 1886, QBE is one of Australia’s leading insurers. It’s because of QBE’s experience, security and strength – as well as their prompt, efficient and friendly claims service – that we’ve made them our general insurance provider. This partnership enables us to deliver QBANK members quality and value in insurance products, with the added convenience of having everything under the same roof.
 

Mortgage Protection PDS  

Mortgage Protection Supplementary PDS

Loan Protection PDS  

Loan Protection Supplementary PDS

 

Important Notes

Terms, conditions and acceptance criteria apply. Cover limits apply as set out in the policy wording. This material does not take into account your personal needs, objectives and financial circumstances. Please read the Product Disclosure Statement available from QBANK to decide if this product is right for you. Insurance issued by QBE Insurance (Australia) Limited ABN 78 003 191 035 AFSL No.239545. When calculating your annual premium based upon the sum of periodic payments this total annual premium may differ from our quoted annual premium due to the impact of standard rounding. Multi-policy discount is not available on your first policy and only applies when all policies are purchased through the same financial institution.