Frequently asked questions
About Qantas Money Home Loans
How does Qantas Money lend for a home loan?
Does Qantas Money offer introductory (honeymoon) home loan rates?
How can Qantas Money offer such low home loan rates?
Why choose a Qantas Money Home Loan?
Considering a home loan
Am I eligible for a Qantas Money Home Loan?
I'm self-employed, can I apply for a Qantas Money Home Loan?
How quickly can I get a home loan?
Can I submit an application for multiple properties?
What is a Comparison Rate?
Mortgage versus home loan - do they mean the same thing?
What are the fees associated with a Qantas Money Home Loan?
Saving for a home loan
What is equity?
How to increase borrowing power?
What does LVR mean?
What is Lenders Mortgage Insurance (LMI) and when would I need it?
How much does HECS affect borrowing power for a home loan?
What other upfront costs are involved in buying a home?
Can I use the equity in my current home as a deposit?
How much deposit do I need for a home loan?
Types of home loans & features
Is fixed or variable rate better?
What is a Key Fact Sheet?
What type of home loan is best if I’m a first home buyer?
What is a variable rate home loan?
What types of home loans does Qantas Money offer?
What is a fixed rate home loan?
I’m not sure which type of loan or features will be best for me. Do I need to know before I apply online?
How do I choose a home loan?
Principal and interest or interest only?
What is a roll-to rate?
What is a home loan interest rate?
What is an offset account and how does it work?
Applying for Pre-approval
What is Pre-approval?
When should you get Pre-approval for a home loan?
How long does Pre-approval take?
How long will my Pre-approval last?
How does the Pre-approval application process work?
I’ve got Pre-approval. What's next?
Will my credit history be affected when I apply for Pre-approval?
Can I bid at auction with Pre-approval?
Applying for a home loan
What happens after I have applied?
How do I submit a joint application?
How does the application process work?
I am not an Australian resident, can I still apply for a Qantas Money Home Loan?
Can I apply for any type of Qantas Money Home Loan online?
How does full approval with Qantas Money work?
What is a Foreign Tax Form and why would I need one?
How can I check the status of my application?
How does Qantas Money assess the value of my property?
Will I always get your published interest rate?
How does making an application affect my credit score?
How long does it take for a home loan to be approved?
Where can I get help to complete my application?
What documentation will I need to provide?
How does Qantas Money assess my household expenditure?
After approval
I’ve completed the application process. What happens next?
When will Qantas Points land in my account?
What is Stamp Duty?
How will Qantas Points be allocated for a joint application?
How does the settlement process work?
How long does it take to receive my home loan funds?
Who can act as a witness when I sign the loan documents?
After settlement do we deal with Qantas Money or Bendigo and Adelaide Bank?
Managing your home loan
How often will I receive information on my account?
Can I make changes to my loan?
How can I make repayments and redraw on my home loan?
How do I redraw on my loan?
What are the features of an offset account debit card?
Can I pay extra into my home loan each month?
How can I check what my current home loan repayments are?
How do I log in to online banking for my home loan?
Refinance
How much difference does 0.5% make on a home loan?
How much can I borrow when refinancing?
How do I refinance my home loan?
How can I calculate my savings from refinancing?
Can I use equity in my loan?
What are the benefits of refinancing your home loan?
Financial Difficulty
Security & Privacy
Is it safe to get a home loan online?
How can I tell which emails are genuine?
Is entering my online banking details safe?
What is Qantas Money’s privacy policy?
How does Qantas Money manage data security, to protect my financial information?
What do I do if I receive a suspicious phone call?
Customer support and complaints
All Categories > Frequently asked questions > After approval > I’ve completed the application process. What happens next?
I’ve completed the application process. What happens next?
As you complete the online application, our real-time home loan approval process begins by checking your credit history and assessing your eligibility for a loan.
Once the online application process has been completed, you will either be:
- approved;
- referred to a Qantas Money Home Loan expert to complete your assessment; or
- notified that we weren't able to offer you a loan at this time.
Steps for buyers
If you’re approved, you will be able to buy the named property up to a certain amount. Keep in mind that we’ll require a copy of the contract once it is signed. In some cases, we may need a copy of the contract prior to approval in order to value the property.
- You will receive an email from us outlining the steps you need to take to settle your loan.
- You'll then receive your Settlement Pack from our mortgage services provider, MSA National. Importantly, this will include the details for your ID check. Follow the details in your settlement pack to complete this step.
- Your conveyancer will then organise settlement directly with us on the appointed day and we’ll provide the funds to purchase the property.
- Once you’ve transferred your deposit, the seller will receive payment and you’ll receive the keys to your new property.
- Then you can expect your Qantas Frequent Flyer points to land in your account within 6-8 weeks after settlement
Steps for refinancing your home
Once your loan is approved, the steps for refinancing are similar to those for home buyers.
- You will receive an email from us outlining the steps you need to take to settle your loan.
- You’ll then receive your contract from our mortgage services provider, MSA National, which you will need to sign. This will include details for your digital or in-person ID check. You can simply book an appointment via the link we provide in your email.
- We pay off your existing loan with your old provider and your new Qantas Money Home Loan will then be in place.
- Then, you can expect your Qantas Frequent Flyer points to land in your account within 6-8 weeks after settlement.