Variable rate home loans that come with a holiday every year
Qantas Points every year+
Atlas Home Loan
Owner occupied · Principal & interest
with 50% LVR
Why come on board with a Qantas Money Home Loan?
100,000 points every year
Enjoy 100,000 Qantas Points every year for the life of your home loan for up to 6 properties+†
Competitive rates
We’ve partnered with select lenders to secure competitive rates on all our loans
Easy application process
Apply online to get an answer in minutes
Help when you need it
Our home loan experts are here to help with your application 7 days a week
Key benefits of our variable rate home loans
Our variable rate loans give you the flexibility to make unlimited extra repayments, so you could pay off your loan sooner, with no associated break costs. You could also save on interest by choosing a loan with an offset facility++.
Repay faster, and save on interest
A variable rate loan gives you plenty of opportunity to shorten the term of your loan - with unlimited additional repayments and free redraws. Which means you can access the additional funds you’ve added, less one month’s minimum loan repayment, for free.
Lower your interest with an offset facility
An offset facility can reduce the amount of interest you'll pay over the life of your loan. Our Offset Home Loan comes with offset account/s, and our Atlas Home Loan comes with offset sub-account/s, which are available whether you choose a variable or fixed rate. Find out more about the types of offset facilities we provide in our offset guide.++
Enjoy ongoing holidays
Get a great value home loan and a holiday year after year. Eligible members will receive 100,000 Qantas Points per loan, every year year for the life of the loan, at no additional cost.
Get a more rewarding home loan and earn 100,000 points every year
Where could 100,000 Qantas Points take you?
Who is travelling?
Melbourne to Hong Kong
Return flight for one
$305 in taxes and carrier charges
Conditions apply ±
Sydney to Tokyo
Return flight for one
$305 in taxes and carrier charges
Conditions apply ±
Sydney to Singapore
Return flight for one
$322 in taxes and carrier charges
Conditions apply ±
Frequently asked questions
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). There are other factors that can also contribute to interest rate movements over the life of a home loan.
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 set period may be better for you.
If you don’t mind your interest rate changing according to market fluctuations and would rather have a loan with features that can help you pay it off quicker, then a variable rate loan might be a better option.
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 our website. You’ll be asked a series of questions during the application process that will allow us to assess whether you’re eligible for one of our loans.
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 interest you pay on your loan, however there are some key differences to be aware of:
- Structure: an offset account is a separate bank account linked to the home loan, whereas a sub-account forms part of the loan itself. Both hold funds that are accessible via debit cards, BPAY and digital wallets.
- Limits: because an offset sub-account forms part of the loan itself, the balance of funds within the account cannot exceed your home loan balance. There is no such limit on an offset account, though banks may put their own limit on the portion of funds able to be used as offset.
- Account closure: because an offset sub-account forms part of the loan itself, the sub-account will be closed when the loan is closed. If you intend to keep the offset amount as cash when you close the loan, you will need to move it to a different account prior to your lender providing your final payout figure. This is not the same for bank offset accounts - because they are a separate bank account, they can continue to exist once your loan account is closed.
- The Government’s Financial Claims Scheme (FCS) deposit guarantee: funds in an offset account are covered by the FCS guarantee, however funds in an offset sub-account are not covered by the FCS guarantee because the sub-account forms part of your loan rather than being a separate deposit account. It’s worth noting that if a non-bank lender closes down, your loan may be transferred to another party, and you would continue making repayments to that new party. T he balance in your offset sub-account is not lost and should continue to reduce, or be set off against, your loan balance.
Qantas Money has partnered with Bendigo Bank and ColCap Financial, two of Australia's experienced lenders, to offer a range of home loans with competitive rates that earn you Qantas Points.
Learn more
Need any help?
Our Home Loan experts are happy to help with your application 7 days a week.
New customers:
Monday to Friday from 8:00am to 6:30pm, or on weekends from 9:00am to 5:00pm (AEST).
Existing customers with loans funded by Bendigo Bank:
Monday to Friday from 8:30am to 8:30pm, or on weekends from 9:30am to 4:30pm (AEST).
Existing customers with loans funded by ColCap Financial:
Monday to Friday from 8:00am to 6:30pm, or on weekends from 9:00am to 5:00pm (AEST).
Application enquiries
Frequently asked questions