7.7/10

Based on 3496 Bank of Queensland product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.

Bank of Queensland home loans

Since 1874, Bank of Queensland (BOQ) has been one of Australia’s leading regional banks. With more than 160 branches across Australia, BOQ’s services are available to all Australians - not just those that live in the sunshine state. BOQ is completely independent of the big banks and has an extensive range of home loans including variable, fixed, package and line of credit options.

You'll also be pleased to know BOQ took out a Mozo Experts Choice Home Loan Award in 2021 in the Fixed Rate Home Loan category.

What home loans do Bank of Queensland offer?

Rates and fees verified as correct at 31 May 2024. Other information correct at the time of writing. Advertiser disclosure.

Fixed Rate Home Loans

BOQ’s fixed rate home loan allows you to choose from a range of fixed terms starting from 2 years up to a 5 year fixed period. You’ll be able to borrow up to 95% LVR with the principal and interest repayments. With BOQ’s fixed rate home loan, you’ll be able to make up to $5,000 p.a. in additional repayments, but you won’t have the luxury of a redraw facility. There is also a monthly account maintenance fee to consider. 

Home loan repayments calculator

years

Product Fixed 3 year rate Comparison Rate Service fee Upfront fee Monthly repayments

5.99% p.a.

6.42% p.a.

$10.00 monthly

$450

7.59% p.a.

6.88% p.a.

$10.00 monthly

$450

6.34% p.a.

6.52% p.a.

$10.00 monthly

$450

6.14% p.a.

6.60% p.a.

$10.00 monthly

$450

6.14% p.a.

6.60% p.a.

$10.00 monthly

$450

6.49% p.a.

6.70% p.a.

$10.00 monthly

$450

6.49% p.a.

6.70% p.a.

$10.00 monthly

$450

Variable Rate Home Loans

Bank of Queensland offers three variable rate home loans ranging from a no frills, basic home loan to a full featured home loan called Clear Path. Depending on which BOQ variable rate loan you pick, you could borrow up to 80%, 90% or 95% of your property's value. Because they all have a monthly account maintenance fee, it’s a good idea to take advantage of all the loan’s features such a split loan account, the ability to make unlimited additional repayments, and a redraw facility ($100 minimum). With the standard variable 2 year intro rate and Clear Path home loan options, you’ll get the extra benefit of a 100% mortgage offset facility which can help you to save on interest over the life of your loan.

Home loan repayments calculator

years

Product Rate Comparison Rate Service fee Upfront fee Monthly repayments

8.63% p.a.

8.74% p.a.

$10.00 monthly

$150

8.24% p.a.

8.35% p.a.

$10.00 monthly

$150

7.89% p.a.

7.19% p.a.

$10.00 monthly

$150

7.64% p.a.

7.07% p.a.

$10.00 monthly

$150

6.64% p.a.

6.76% p.a.

$10.00 monthly

$150

7.74% p.a.

7.86% p.a.

$10.00 monthly

$150

6.39% p.a.

6.51% p.a.

$10.00 monthly

$150

8.05% p.a.

7.93% p.a.

$10.00 monthly

$450

7.57% p.a.

7.71% p.a.

$10.00 monthly

$450

6.39% p.a.

6.53% p.a.

$10.00 monthly

$450

6.18% p.a.

6.33% p.a.

$10.00 monthly

$450

6.23% p.a.

6.38% p.a.

$10.00 monthly

$450

9.12% p.a.

9.23% p.a.

$10.00 monthly

$150

8.87% p.a.

8.98% p.a.

$10.00 monthly

$150

7.04% p.a.

6.91% p.a.

$10.00 monthly

$150

6.79% p.a.

6.80% p.a.

$10.00 monthly

$150

6.79% p.a.

6.91% p.a.

$10.00 monthly

$150

7.84% p.a.

7.96% p.a.

$10.00 monthly

$150

6.59% p.a.

6.71% p.a.

$10.00 monthly

$150

8.27% p.a.

8.22% p.a.

$10.00 monthly

$450

6.89% p.a.

7.59% p.a.

$10.00 monthly

$450

6.49% p.a.

7.41% p.a.

$10.00 monthly

$450

6.54% p.a.

7.43% p.a.

$10.00 monthly

$450

7.92% p.a.

8.06% p.a.

$10.00 monthly

$450

6.59% p.a.

6.73% p.a.

$10.00 monthly

$450

6.34% p.a.

6.48% p.a.

$10.00 monthly

$450

6.39% p.a.

6.53% p.a.

$10.00 monthly

$450

Bank of Queensland home loan features in a glance

Repayment Icon

Additional repayments

If you’re looking to pay off your home loan sooner, BOQ’s home loans gives you the flexibility to make extra repayments whenever you like and without penalty with the exception of the fixed loan which caps additional repayments at $5,000 p.a.

Image of coins

No application fees

With a number of BOQ's home loans, you will not have to pay any loan application fees, although generally there will be an ongoing service fee to factor in. 

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Maximum 95% LVR

For owner-occupiers, many of BOQ’s variable and fixed rate loans allow you to borrow up to 90% or 95% of the property’s value which means you’ll only need to save a small deposit of 10% or 5%. Keep in mind though, all loans over an 80% LVR will require lenders mortgage insurance.

Offset icon

Offset facility

if you're opt for any BOQ variable home loan (excluding the Economy option), you'll have access to a 100% offset account which gives you the ability to reduce how much principal you're paying interest on, helping you save big on interest costs in the long run.

How are Bank of Queensland home loans rated?

Mozo users have rated Bank of Queensland home loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of home-loans
Bank of Queensland home loans customer reviews
Overall
7.5/10
Price
7.2/10
Features
6.8/10
Customer service
7.8/10
Convenience
7.7/10
Trust
7.6/10
Based on 549 Bank of Queensland product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

Recent Bank of Queensland home loan reviews

Bank of Queensland Home Loan
Overall 4/10
Potential to be a good bank if update web and app

One of the most dated website and internet banking apps. With less banks available they need to update their online presence to be more user friendly. Wait time for loan approvals was one of the longest of the bigger banks. Service in branch very minimal

Read full review

One of the most dated website and internet banking apps. With less banks available they need to update their online presence to be more user friendly. Wait time for loan approvals was one of the longest of the bigger banks. Service in branch very minimal

Price
7/10
Features
2/10
Customer service
2/10
Convenience
2/10
Less
Hollie, Queensland, reviewed 16 days ago
Bank of Queensland Home Loan
Overall 9/10
Excellent customer service

Daily access to staff in person or by phone. Staff provide mobile telephone numbers. Easy parking.

Read full review

Daily access to staff in person or by phone. Staff provide mobile telephone numbers. Easy parking.

Price
9/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Sandra, Queensland, reviewed 16 days ago
Bank of Queensland Home Loan
Overall 9/10
Excellent customer service

Fantastic customer service. Branch and staff easy to contact, direct mobile phone numbers to some staff, excellent overall. Don’t feel like a number. Can ring branch direct and speak to a person.

Read full review

Fantastic customer service. Branch and staff easy to contact, direct mobile phone numbers to some staff, excellent overall. Don’t feel like a number. Can ring branch direct and speak to a person.

Price
9/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Sandra, Queensland, reviewed 2 months ago
Bank of Queensland Home Loan
Overall 9/10
Excellent customer service

Easy access to branch. Personalized service. Can phone branch direct and speak to a real person straight away. Easy parking.

Read full review

Easy access to branch. Personalized service. Can phone branch direct and speak to a real person straight away. Easy parking.

Price
9/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Sandra, Queensland, reviewed about 2 months ago
Bank of Queensland Home Loan
Overall 10/10
Bank of Queensland are the best.

Get very personal service with Bank of Queensland. Always get a real person and very fast service. All staff are always very knowledgeable and professional and friendly.

Read full review

Get very personal service with Bank of Queensland. Always get a real person and very fast service. All staff are always very knowledgeable and professional and friendly.

Price
10/10
Features
8/10
Customer service
10/10
Convenience
8/10
Trust
10/10
Less
Lesley, Queensland, reviewed about 2 months ago

What do you need to apply for a Bank of Queensland home loan?

You’ll need to supply BOQ with the standard paperwork that you’ll need for any home loan. This information includes: 

Purchasing?
If you’re purchasing a property, you’ll need a copy of the signed Contract of Sale and details of your solicitor/conveyancer.

Refinancing?
If you’re refinancing, you’ll need to provide the latest home loan statements and credit cards statements showing repayment history. 

Eligible for FHOG?

If you’re a first home buyer applying for the First Home Owners Grant, you’ll need identification and any supporting documentation.

Home loan quick links