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  • Bank of Queensland home loan reviews

    How are Bank of Queensland home loans rated by the Mozo community?

    74%

    Overall Mozo Community rating: 7.4 out of 10

    Bank of Queensland home loans

    Overall rating: 7.4 (54 reviews)*

    Last reviewed: 23 April 2012


    1. Overall customer rating
    1. Price
    1. Features
    1. Service
    1. Convenience
    1. Trust

    * based on reviews in the past 12 months

    Reviews: 193

    Thumbs up: 168 | Thumbs down: 25

    Featured home loan from Bank of Queensland

    • Economy
    • variable rate

      6.53%

    • comparison rate

      6.69%


    Other home loans

    • dream loan express (Fixed, Rate Tracking)
    • comparison rate

      6.32%

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    • Introductory 1 Year Fixed Rate Loan (over $250k) (Professional Package)
    • variable rate

      6.22%

    • fixed 1 year rate

      5.99%

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    Compare all home loans

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    Recent Bank of Queensland home loan reviews

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    • Applecross Branch Staff and Manager are fantastic

        1. Overall customer rating
        2. (Reviewed 17 days ago)

      When the reserve bank recently reduced the interest rate I was impressed and glad to be a customer of the Bank of Queensland because they were the first (within days) to hand that saving onto its customers. Applecross Branch Staff and Manager ...       Full review 

      When the reserve bank recently reduced the interest rate I was impressed and glad to be a customer of the Bank of Queensland because they were the first (within days) to hand that saving onto its customers. Applecross Branch Staff and Manager are fantastic; very helpful and friendly.


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      Bank of Queensland home loan reviewed by Jaye from Western Australia

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    • Trust worthy with fantastic customer service

        1. Overall customer rating
        2. (Reviewed 18 days ago)

      Of all the Australian banks, I truly believe Bank of Queensland are the most trust worthy. They put the customer first over massive profits. This is probably because they are run by owner managers and these owner managers have to answer to the c...       Full review 

      Of all the Australian banks, I truly believe Bank of Queensland are the most trust worthy. They put the customer first over massive profits. This is probably because they are run by owner managers and these owner managers have to answer to the customers - they know us, they know our kids. Australians have come to HATE the banks - but this is one bank you can rely on.


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      Bank of Queensland home loan reviewed by Emma from Queensland

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    • A solid no hassle product

        1. Overall customer rating
        2. (Reviewed 18 days ago)

      As much as one could like a mortgage, this one seems OK and the Bank manager seems like a good decent guy...I'll stick with them       Full review 

      As much as one could like a mortgage, this one seems OK and the Bank manager seems like a good decent guy...I'll stick with them


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      Bank of Queensland home loan reviewed by Jeni from Western Australia

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    • Real bank, real people, ...heaven

        1. Overall customer rating
        2. (Reviewed about 1 month ago)

      I researched the bank Of Queensland and found their economy loan. Maximum loan, lowest of rates and a small amount to be paid on the principle! Then recently they RANG me and advised I consolidate all my loans...personal and business and they woul...       Full review 

      I researched the bank Of Queensland and found their economy loan. Maximum loan, lowest of rates and a small amount to be paid on the principle! Then recently they RANG me and advised I consolidate all my loans...personal and business and they would lower them all to an even more competitive level. How amazing is that??!!


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      Bank of Queensland home loan reviewed by Dee from Queensland

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    • Fantastic branch staff and very welcoming.

        1. Overall customer rating
        2. (Reviewed 3 months ago)

      The bank Manager is the owner of the branch. He has our best interests at heart and gave us a great home loan.I would definately recommend this product and this bank. A big thumbs up for BOQ.       Full review 

      The bank Manager is the owner of the branch. He has our best interests at heart and gave us a great home loan.I would definately recommend this product and this bank. A big thumbs up for BOQ.


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      Bank of Queensland home loan reviewed by Tracy from Western Australia

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        1. Overall customer rating
        2. (Reviewed 4 months ago)

      Discount variable home loan is an awesome product that is competitive in costs and interest rate. Bank of Queensland staff are very friendly and go out of their way to help you and give you what they think you need.       Full review 

      Discount variable home loan is an awesome product that is competitive in costs and interest rate. Bank of Queensland staff are very friendly and go out of their way to help you and give you what they think you need.


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      Bank of Queensland home loan reviewed by Melissia from Queensland

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        1. Overall customer rating
        2. (Reviewed 4 months ago)

      Under advice from our manager, we took out Income Protection Insurance with our home loan never expecting to need to access it. My husband has been unable to work for the last 9 months and is awaiting surgery. We contacted the Insurance company fo...       Full review 

      Under advice from our manager, we took out Income Protection Insurance with our home loan never expecting to need to access it. My husband has been unable to work for the last 9 months and is awaiting surgery. We contacted the Insurance company forwarded all requested information and their service has been unbelievable, we expected to have to fight for the funds but, so far, the company deposits the full amount into the home loan account every 3 months - awesome!


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      Bank of Queensland home loan reviewed by Leanne from Queensland

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        1. Overall customer rating
        2. (Reviewed 4 months ago)

      Been with BoQ for 30 years. The Manager is now my friend, and I have trust in him. The loan was set up , explained and gave the best rate!       Full review 

      Been with BoQ for 30 years. The Manager is now my friend, and I have trust in him. The loan was set up , explained and gave the best rate!


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      Bank of Queensland home loan reviewed by Karl from Queensland

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        1. Overall customer rating
        2. (Reviewed 4 months ago)

      Pros are that the bank maintains rates in line with the other majors. Cons are that the bank maintains rates in line with other majors and have proven inflexible at the point of negotiating a better rate or giving advise of a more suitable alterna...       Full review 

      Pros are that the bank maintains rates in line with the other majors. Cons are that the bank maintains rates in line with other majors and have proven inflexible at the point of negotiating a better rate or giving advise of a more suitable alternatives. We have only stayed because of the assosciated costs of transferring to another bank.


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      Bank of Queensland home loan reviewed by Jan from Queensland

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        1. Overall customer rating
        2. (Reviewed 4 months ago)

      BOQ are flexible and competitive, treating each case individually....they have a greater motivation to create happy clients because many of the branches are franchised.       Full review 

      BOQ are flexible and competitive, treating each case individually....they have a greater motivation to create happy clients because many of the branches are franchised.


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      Bank of Queensland home loan reviewed by Karen from Queensland

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        1. Overall customer rating
        2. (Reviewed 5 months ago)

      There is a $350 fee on this loan every year and it comes out with no warning letter or anything, it just gets taken out of your account, so you are in the red, and any money that goes into the account has to pay it whether you can afford it at the...       Full review 

      There is a $350 fee on this loan every year and it comes out with no warning letter or anything, it just gets taken out of your account, so you are in the red, and any money that goes into the account has to pay it whether you can afford it at the time or not !! Disgusting really !!


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      Bank of Queensland home loan reviewed by Amanda from Queensland

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        1. Overall customer rating
        2. (Reviewed 5 months ago)

      I like Bank of Queensland's home loan deals, as they are just as good as the "Big 4 banks." In fact, they are better. They are always quick to drop their interest rates, their personal attention is second to none and my bank manager is always aro...       Full review 

      I like Bank of Queensland's home loan deals, as they are just as good as the "Big 4 banks." In fact, they are better. They are always quick to drop their interest rates, their personal attention is second to none and my bank manager is always around for a chat or to give me advise if I have any questions. Two years ago my 21 year old son bought his first home, I took him to my bank where he applied and got a mortgage, the bank done everything for us, they even waivered the mortgage fee,to help our son. I honestly am very heppy to be a Bank of Queensland customer, and my son is very happy with them too.


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      Bank of Queensland home loan reviewed by Anita from Queensland

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        1. Overall customer rating
        2. (Reviewed 5 months ago)

      Last weekend we made an appointment to see our local manager. He explained how we can maximise our money to pay off our home loan quicker. We are now on first name terms so when we need more money next year to buy our first investment property he ...       Full review 

      Last weekend we made an appointment to see our local manager. He explained how we can maximise our money to pay off our home loan quicker. We are now on first name terms so when we need more money next year to buy our first investment property he will make it happen - no fuss, no dramas. Can't rate the bank highly enough.


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      Bank of Queensland home loan reviewed by Liz from Queensland

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        1. Overall customer rating
        2. (Reviewed 5 months ago)

      Small bank, first to drop interest rates. Shows how important the customers are to them. First name basis with all the staff at our branch. Never a problem with getting assistance.       Full review 

      Small bank, first to drop interest rates. Shows how important the customers are to them. First name basis with all the staff at our branch. Never a problem with getting assistance.


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      Bank of Queensland home loan reviewed by Tracey from Queensland

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        1. Overall customer rating
        2. (Reviewed 6 months ago)

      We have a local BOQ branch where we are and they are amazing. The customer service is just the best and they will go above and beyond to assist.       Full review 

      We have a local BOQ branch where we are and they are amazing. The customer service is just the best and they will go above and beyond to assist.


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      Bank of Queensland home loan reviewed by Kaye from New South Wales

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        1. Overall customer rating
        2. (Reviewed 6 months ago)

      The scum foreclosed on the loan and evicted us despite having $12 million in security for a $3 million loan and a contract for sale of some of the property for $8.6 million, they evicted us rather than wait 7 weeks for settlement, putting my wife ...       Full review 

      The scum foreclosed on the loan and evicted us despite having $12 million in security for a $3 million loan and a contract for sale of some of the property for $8.6 million, they evicted us rather than wait 7 weeks for settlement, putting my wife through stress that nearly killed her with a heart attack, I would not deal with these people under any circumstances, BE WARNED !!!!! BOQ foreclose more than any other bank


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      Bank of Queensland home loan reviewed by Keith from Queensland

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        1. Overall customer rating
        2. (Reviewed 6 months ago)

      Service is everything for me. BOQ offers superior personalized service. Having owner operated branches does make a huge difference. Whether you require further information or simply need to draw out money above & beyond your limit, Chris who ow...       Full review 

      Service is everything for me. BOQ offers superior personalized service. Having owner operated branches does make a huge difference. Whether you require further information or simply need to draw out money above & beyond your limit, Chris who owns Adelaide's BOQ branch is easily accessible at all times to make this happen. Last year when my parents fell ill with cancer, I needed extra cash to help them out with their treatment & one phone call directly the the Branch Manager later this had been arranged. Far too many banks these days are too commercialized which has desensatised any customer/manager relationships. By creating an owner operated system in all of their branches BOQ have resolved this problem & brought back the key fundamental thing customers require - quality service with a smile.


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      Bank of Queensland home loan reviewed by Michael from South Australia

      1 person found this review helpful – do you?

      Yes
        1. Overall customer rating
        2. (Reviewed 6 months ago)

      My husband and I went halves in a property with my brother in law in which we all lived there together. We had a falling out and my brother in law moved out and left it all up to us to pay the house. We tried to sell it but couldn't. BOQ would...       Full review 

      My husband and I went halves in a property with my brother in law in which we all lived there together. We had a falling out and my brother in law moved out and left it all up to us to pay the house. We tried to sell it but couldn't. BOQ would not help us in any way they were making us pay not one but x2 exit fee's cause the 1 mortgage was split into 2 loans. So we had no luck in in selling our home to break even or even for a little bit of debt we would have been in debit massively with all the exit fee etc. So my husband's grandfather bought half the house to help us. But because he had to pay out half the loan BOQ have made us restructure the whole loan they were still going to make us pay our fixed term loan fee of $10,000.00 and like $3,000.00 normal fees. So after much arguing they are not making us pay the $10,000.00 but are keeping us on the higher interest rate for the next year until our fix term loan ends. So we have to keep struggling for another year. I would not recommend BOQ to anyone they have made our financial life hell and don't help at all.


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      Bank of Queensland home loan reviewed by Ange from Queensland

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        1. Overall customer rating
        2. (Reviewed 6 months ago)

      Because at the Bank of Queensland, you are dealing with a bank manager who owns his own business and therefore it is in his/her best interest to assist and guide you. I have found the service above average in all aspects and better still, you are...       Full review 

      Because at the Bank of Queensland, you are dealing with a bank manager who owns his own business and therefore it is in his/her best interest to assist and guide you. I have found the service above average in all aspects and better still, you are treated as a real person not just someone standing at the counter. All queries I have had have been answered immediately and with interest shown by them to all my banking needs.


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      Bank of Queensland home loan reviewed by Narelle from Queensland

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        1. Overall customer rating
        2. (Reviewed 7 months ago)

      I like the BoQ because it provides VIP status, I can get answers to my queries very quickly and their online service is easy and friedly to use and its suits my way of managing my fiances very quickly. Branches are located within walking distan...       Full review 

      I like the BoQ because it provides VIP status, I can get answers to my queries very quickly and their online service is easy and friedly to use and its suits my way of managing my fiances very quickly. Branches are located within walking distance from home and work. BoQ has friendly managers who take the time and effort to address one's concerns.


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      Bank of Queensland home loan reviewed by Michael from Western Australia

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        1. Overall customer rating
        2. (Reviewed 7 months ago)

      Had looked at BOQ in the past as their investment loans looked quite good but again after watching a report on the foreclosure on a home that should not have been that way I will never think of using that bank again to deal and treat people like ...       Full review 

      Had looked at BOQ in the past as their investment loans looked quite good but again after watching a report on the foreclosure on a home that should not have been that way I will never think of using that bank again to deal and treat people like that.


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      Bank of Queensland home loan reviewed by Terry from Western Australia

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