Am I eligible for a Qantas Money Home Loan?
If you meet the below criteria, you may be eligible for a Qantas Money Home Loan.
General Eligibility Criteria (applies to all Qantas Money Home Loans)
- Property type - you are buying or refinancing an established property. That is, it’s not off the plan or under construction. Please note that units and apartments within a high-density complex are subject to additional criteria. (See high-density definitions below or contact us for support.)
- ID - you have at least one form of government ID, such as a passport, driver licence or Medicare card.
- Residency - you are an Australian citizen or permanent resident who lives and works in Australia. If two people are borrowing together, the second applicant may be on a working visa.
- Refinancing - you are listed on the current property title. If two people are noted as owners on the title, you must both be applicants for the new loan. We can’t consider loans involving guarantors.
- QFF Membership - you are, or intend to become, a member of the Qantas Frequent Flyer program.
- Already a member? Have your Qantas Frequent Flyer membership number (and log-in details) ready to add during the application.
- Not a member? Join free.
Additional Eligibility Criteria for our Basic and Offset Home Loans
- Property Size - the home/apartment is 40m² or larger.
- Location - you are buying a home or investment property in a capital city or major regional centre. You can check if your property is eligible in the first stage of our online application.
- Employment - you are currently employed (including self-employed).
- For full-time and permanent part-time PAYG roles: you must have held your job for 6 months, or had 12 months of continuous service in the same industry.
- For dependent contractor PAYG roles: you must have held your job for 6 months, or had 2 years of continuous service in the same industry.
- For casual PAYG roles: you must have held your job for 12 months, or 6 months if you've had 2 years of continuous service in the same industry.
- For self-employed roles: you must have traded for 1 year under a registered ABN and meet our other self-employment criteria.
- Loan amount - you are looking to borrow between a minimum of $300,000 and maximum of $7.5M.
- Deposit amount
- Offset Home Loan - you must have at least 10% deposit or equity.
- Basic Home Loan - you must have at least 20% deposit or equity.
- Loans above $2M - a 25% deposit is required plus savings to cover fees and charges such as stamp duty. Funds in this instance can’t be used for an equity release or ‘cash out’ (refinance).
- Lenders' Mortgage Insurance (LMI) - if you have less than a 20% deposit for a standard security, you'll also need to pay LMI.
Additional Eligibility Criteria for our Atlas Home Loan
- Property Size - the home/apartment is 30m² or larger.
- Location - we can loan for most geographic locations (regional and metro) across Australia. You can check if your property is eligible in the first stage of our online application.
- Employment - you are currently employed (including self-employed).
- For full-time, permanent part-time, or dependent contractor PAYG roles: you must have held your job for 3 months. If under 3 months, you must have had 12 months of continuous employment in the same or similar industry/role.
- For casual PAYG roles: you must have held your job for 6 months.
- For self-employed roles: you must have traded for a minimum 24 months in the current business and meet our other self-employment criteria.
- Refinance only - currently we are only accepting refinancing applications for customers with a minimum 20% deposit. Applications for customers purchasing or refinancing a property with a minimum of 5% deposit will be available in 2027.
- Loan amount - you are looking to borrow a minimum of $300,000 and maximum of $3.5M. Please note the maximum amount will depend on location and Loan to Value Ratio.
- Deposit amount - currently you must have at least a 20% deposit or equity, depending on the property details including location. You’ll also need savings to cover fees and charges such as a transfer fee, mortgage registration and application fees.
Additional Eligibility Criteria for the Easy Refinance application process available on Atlas Home Loans
Easy Refinance will be offered automatically during the application process to customers who fit the following criteria:
- are currently paying a higher interest rate and repayment with your current lender
- have been repaying your existing loan on time for at least 12 months
- have a good credit history
- have not experienced any significant deterioration in their financial circumstances
- may benefit financially from refinancing
To learn more and discover which loan best suits your needs check out our features and benefits page.
Types of loans that aren't eligible
We are not able to provide a home loan if you need the following:
- a construction home loan;
- a loan for land or properties purchased off the plan;
- a guarantor loan;
- split loans (where you need a mix of product or interest rate types);
- if there are more than two applicants on the loan;
- if the applicant is a trust or company;
- debt consolidation; (however you may be able to use the equity in your home to pay off other debts by refinancing - find out more here);
- bridging loans; or
- cross-securitisation.
What is considered 'high-density'?
For Basic and Offset Home Loans funded by Bendigo Bank:
High-density is defined as 'complexes with more than 50 units/apartments, or is more than 5 storeys (excluding car parking)'. Please note there is additional information that we’ll need to review before we can confirm if your property is eligible.
For Atlas Home Loans funded by ColCap Financial:
Inner-city and high-density postcode properties are defined as ‘any development with more than 100 apartments’ and the maximum concentration limit is 10%.
If you want to confirm if your property meets the requirements, you can contact us, or you can enter the address on the first page of the application. Our system may not always be able to identify a high-density property straight away, but we will try to give you as much information as possible.
