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What is a published interest rate and will I always get your published interest rate?

What is a published interest rate?

A published interest rate is an interest rate that a lender publicly announces for their home loan products, to inform potential borrowers about the cost of borrowing. These rates are usually displayed on the lender’s website and may be for variable or fixed rate loans.

When you take out a Qantas Money Home Loan, you will always get a competitive rate that we have agreed with our funder (Bendigo and Adelaide Bank) for that loan, which is published as  your interest rate.

When we have a new variable rate for new customers, it’s because we have secured a lower price with our funder - it doesn’t change the price we secured for existing loans. Having a lower rate for new customers doesn’t mean we’re making more money off our loyal customers to pay for the discount. It means our funder has been able to give us a better price at that specific time.

At some point, our funder may increase the price they’ve agreed with us, which means the rates for new customers will increase. Existing customers with a variable rate loan will also have a rate increase, however, existing customers with a fixed rate loan will be better off as their rate will not increase during their fixed period

It is worth noting that rate offers work differently from changes in the cash rate. If the RBA cuts the cash rate and our funder’s costs ease, they may be able to pass on the cut, which means all our customers (both new and existing) will receive the same discount off their rate. 

No matter the interest rate, all Qantas Money Home Loan customers will be rewarded with 100,000 Qantas Points for the life of the loan.

Important information
Qantas Points are awarded provided the loan is in compliance with the Qantas Money Home Loans Points Eligibility Policy, not in arrears or default and the loan is not the subject of hardship relief or assistance.

To find out more about our home loan rates, please visit the ‘About Qantas Money Home Loans’ section of our FAQs.

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