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Is fixed or variable rate better?

This will depend on your personal situation and preferences. If you prefer the security of knowing exactly how much your repayments will be every month, then a fixed rate home loan locked in for a se…

What type of home loan is best if I’m a first home buyer?

Before choosing a loan type, the first step is to ensure you have a large enough deposit for your property. You should consider that if you’ve saved less than 20% of the property's value (30% for hig…

What is a variable rate home loan?

A variable rate home loan is one where the interest rate goes up and down with market fluctuations, which are influenced in part by the official cash rate set by the Reserve Bank of Australia (RBA).…

What types of home loans does Qantas Money offer?

At Qantas Money, we offer a range of home loans to suit your individual needs. These include: Loan types: Fixed rate – interest rate is locked in for a set period. Variable rate – interest rate fluct…

What is a fixed rate home loan?

A fixed rate home loan is one where the interest rate is locked in for a certain period (usually 1-5 years). At the end of this period you can either commit to another fixed rate or revert to a varia…

I’m not sure which type of loan or features will be best for me. Do I need to know before I apply online?

No, it’s not essential. You’ll be asked a series of questions during the application process that will not only tell us whether you’re a good fit for one of our loans, but also help to narrow down th…

How do I choose a home loan?

There are two main types of home loan - principal and interest loans, where you pay off the loan amount plus interest (the most common type); and interest only loans, where you only pay the interest…

Principal and interest or interest only?

Principal and interest is the most common type of home loan. This involves making repayments which pay down some of the principal balance plus the interest accrued. However, some people opt for an in…

What is a roll-to rate?

A roll-to rate, also known as a revert rate, is a variable interest rate that fixed rates roll to at the end of the fixed term period or an interest-only period. Your roll-to rate is based on many fa…

What is a home loan interest rate?

A home loan interest rate is the cost of borrowing money. It is represented as the percentage of your total loan amount that you will be paying (e.g. 3.64% of your loan amount). By paying interest on…

What is an offset account and how does it work?

An offset account is similar to a savings account that is linked to your home loan and offsets the balance of your home loan. This means you will pay interest on the home loan balance minus the amoun…
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