Qudos Bank personal loans

Qudos Bank has only one personal loan option available to its members. This is an unsecured loan and comes with a variable interest rate.

Personal loan interest rates from Qudos Bank are moderate in comparison to other personal loans in Australia.

Loan terms of up to seven years are available. Customers of Qudos Bank can borrow up to $25,000 or as little as $5,000.

Potential borrowers should anticipate paying an upfront fee to begin their loan. However, there are no ongoing fees on Qudos Bank personal loans.

Qudos Bank borrowers have weekly, fortnightly and monthly repayment options for their personal loans.

Qudos Bank has 11 branches for its members to visit, with most offices located in New South Wales.

Members who are unable to visit Qudos Bank branches can receive assistance by phone or online.

The following eligibility criteria applies to Qudos Bank personal loans:

• Must be at least 18
• Must be a resident of Australia
• Must show a history of income and employment
• Must pass a credit check

Applications for Qudos Bank personal loans are accepted via the following avenues:

• In branch
• Over the internet
• By phone

Qudos Bank offers personal loans between $5,000 and $25,000. As such, Qudos Bank personal loans may be appropriate for expenses such as a holiday or a wedding but not for small personal items like a computer or an instrument.

Qudos Bank personal loan rates are considered moderate when compared to the rest of the market. Members looking to save money should use RateCity to find the best personal loan rates available for their circumstances.

Qudos Bank personal loans do not come with any ongoing fees, which may provide some cost savings. However, borrowers should expect to pay a moderate upfront fee to start their loan.

Borrowers anticipating an improvement in their financial situation could take advantage of no early exit penalty fees from Qudos Bank by paying off their loan early.