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Types of home loans and features

Does a fixed or variable rate better suit your needs?

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 is a Key Facts Sheet?

Our Qantas Money Home Loans Key Facts Sheet generator can help you narrow down your search and help better inform your decision. A Key Facts Sheet is a document developed by the government and used b…

What is the difference between an offset sub-account and an offset account?

Both banks and non-bank lenders can provide offset facilities. Banks provide offset accounts and non-bank lenders provide offset sub-accounts. Both offset accounts and offset sub-accounts reduce the…

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).…

Is an offset sub-account a separate bank account?

Although an offset sub-account works similarly to a traditional bank offset account - allowing you to transact, save and spend - it is actually a feature that forms part of the loan, not a separate d…

Can I switch products between the different Qantas Money Home Loan funders?

Yes, it’s possible to “switch” between the loans offered by different Qantas Money Home Loan funders however there are some important considerations. If you wish to switch from a Basic or Offset Home…

Can I change from an investment loan to an owner-occupied loan?

If your circumstances change and you intend to move into your investment property, you can change from an investment loan to an owner occupied loan. Simply call us on 1300 992 700 to discuss your opt…

What types of home loans does Qantas Money Home Loans offer?

At Qantas Money Home Loans, we offer a range of home loans. These include: Interest rate types: Fixed rate - interest rate is locked in for a set period (typically between 1-5 years). Variable rate –…

Are there tax considerations for offset accounts and sub-accounts?

Tax considerations can differ between offset accounts and sub-accounts. When deciding which loan is best suited for you, it is recommended that you consult your accountant or tax adviser for further…

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…

Does the offset balance change my minimum monthly repayments?

No. Your minimum monthly instalment (MMI) remains the same regardless of your offset balance - including during Interest Only periods. Offset funds reduce interest but do not reduce your scheduled re…

What is an offset sub-account and how does it work?

When you take out a home loan with a non-bank lender, your offset facility will be called an offset sub-account. An offset sub-account is a feature linked to your home loan that helps reduce how much…

I’m not sure which type of loan or features will best suit my needs. What do I need to know before I apply online?

While it’s not essential to know all the features you’d like with your loan, you will need to know which Qantas Money Home Loan you’d like to take out so you select the relevant ‘apply now’ button on…

How do I choose the repayment type for my home loan?

There are two main types of home loan repayments - 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 th…

What is an investment loan?

Investment home loans are for properties you are buying to rent out as an investment property. Investment home loans are also for refinancing an existing investment property or you’re refinancing a p…

Principal and interest or interest only?

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

What is a roll-to rate?

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

Which loans are suitable for an investment property?

If you’re looking for an investment home loan, a number of options are available including: Fixed - provides certainty of repayments over the fixed term period. Variable - flexibility to make additio…

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. 5.99% of your loan amount). By paying interest on…

What is an offset facility and how does it work?

An offset facility (offset account or offset sub-account) is similar to a savings account, however it is linked to your home loan and offsets the balance of your home loan. The balance of money in yo…