The details shown below are for an owner occupier taking out a principal & interest loan of at least $150,000 with an LVR below 70%
The details shown below are for an owner occupier taking out a principal & interest loan of at least $150,000 with an LVR below 80%
The details shown below are for an owner occupier taking out a interest only loan up to with an LVR below 80%
The details shown below are for an investor taking out a principal & interest loan of at least $150,000 with an LVR below 70%
The details shown below are for an investor taking out a principal & interest loan of at least $150,000 with an LVR below 80%
The details shown below are for an investor taking out a interest only loan up to with an LVR below 80%
Choose the version of this loan that suits you best
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
| | Owner Occupier | Principal & Interest | < 70% | $150,000 | |
| | Owner Occupier | Principal & Interest | 70%-80% | $150,000 | |
| | Owner Occupier | Interest Only | < 80% | ||
| | Investor | Principal & Interest | < 70% | $150,000 | |
| | Investor | Principal & Interest | 70%-80% | $150,000 | |
| | Investor | Interest Only | < 80% |
Owner Occupier (Principal & Interest)
LVR < 70%
Loan: $150,000
Owner Occupier (Principal & Interest)
LVR 70%-80%
Loan: $150,000
Owner Occupier (Interest Only)
LVR < 80%
Loan:
Investor (Principal & Interest)
LVR < 70%
Loan: $150,000
Investor (Principal & Interest)
LVR 70%-80%
Loan: $150,000
Investor (Interest Only)
LVR < 80%
Loan:
Want the lowest variable rate home loan on offer from BOQ? Look no further than the Economy Variable Home Loan. Interest rates start from 2.59% (2.76% comparison rate*) for owner occupier (P&I) loans and 2.99% (3.16% comparison rate*) for an investment loan (P&I). There is no minimum or maximum loan amount so it’s suitable for everyone from first home buyers to luxury property moguls but you will need to have a 30% deposit as the maximum LVR available with this loan is 70% if you want to snag the lowest rate. Or if your LVR is 80%, slightly higher rates from 2.64% (2.81% comparison rate*) are still available.
With the BOQ Economy Variable Home Loan, you’ve got a choice between making principal and interest repayments or interest only. The interest rates vary depending on your choice, as well as whether you’re getting the loan for your own home or buying an investment property.
For new customers that are owner occupiers with an LVR of up to 70% and a minimum borrowing amount of $150,000, BOQ offers a competitive 2.59% (2.76% comparison rate*). For owner occupiers have an LVR of up to 80%, rates start from 2.64% (2.81% comparison rate*) and for investors start from 3.04% (3.20% comparison rate*).
There are some fees to consider with this loan such as the $10 monthly service fee and the upfront $300 application fee and $150 settlement fee.
In terms of flexibility, the loan allows you to choose your repayment frequency, whether that’s weekly, fortnightly or monthly. There isn’t an offset account attached to this loan but you do have the option to make free extra repayments so that you can pay off your loan sooner and pay less interest. There is also a free redraw option but it does have a minimum $100 redraw.
Looking for a new lender on your existing mortgage? Take advantage of a cash-back offer if you apply to refinance your home loan with BOQ before 19 December, 2020. Customers can pop $3,000 in their pockets if they refinance a mortgage of at least $250,000, with a 80% Loan to Value Ratio (LVR) or less.
To be eligible for the Economy Variable Home Loan you’ll need to be at least 18 years of age, earn a regular income and be an Australian citizen or permanent resident. So this loan could suit new borrowers that fit those criteria and have an LVR of up to 80% (or up to 70% to snag the best rate on offer).
If you are an existing BOQ customer, you can’t refinance to this loan from another BOQ home loan, but you are eligible for a brand new loan.
Just be aware that if you are planning on building, this loan is not available as a construction loan. See other BOQ home loans that do offer this features or head to our main mortgage section to compare all home loans in our database.
2.59% p.a.
n/a
n/a
n/a
2.76% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$300.00
$0.00
$0.00
$150.00
n/a
$10.00 monthly
$320.00
$150,000
none
none
70.00%
Owner Occupier
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
no
yes
$100.00
yes
no
none
none
$3,000 cashback when you refinance your home loan to BOQ, min $250,000, 80% LVR or less. Apply before 19 December 2020, settle by 28 February 2021.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
2.64% p.a.
n/a
n/a
n/a
2.81% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$300.00
$0.00
$0.00
$150.00
n/a
$10.00 monthly
$350.00
$150,000
none
70.00%
80.00%
Owner Occupier
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
no
yes
$100.00
yes
no
none
none
$3,000 cashback when you refinance your home loan to BOQ, min $250,000, 80% LVR or less. Apply before 19 December 2020, settle by 28 February 2021.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
3.80% p.a.
n/a
n/a
n/a
3.96% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$300.00
$0.00
$0.00
$150.00
n/a
$10.00 monthly
$350.00
none
none
none
80.00%
Owner Occupier
Interest Only
Weekly, Fortnightly, Monthly
yes - free
no
yes
$100.00
yes
no
Maximum 5 year interest only periods.
none
$3,000 cashback when you refinance your home loan to BOQ, min $250,000, 80% LVR or less. Apply before 19 December 2020, settle by 28 February 2021.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
2.99% p.a.
n/a
n/a
n/a
3.16% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$300.00
$0.00
$0.00
$150.00
n/a
$10.00 monthly
$350.00
$150,000
none
none
70.00%
Investor
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
no
yes
$100.00
yes
no
none
none
$3,000 cashback when you refinance your home loan to BOQ, min $250,000, 80% LVR or less. Apply before 19 December 2020, settle by 28 February 2021.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
3.04% p.a.
n/a
n/a
n/a
3.20% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$300.00
$0.00
$0.00
$150.00
n/a
$10.00 monthly
$350.00
$150,000
none
70.00%
80.00%
Investor
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
no
yes
$100.00
yes
no
none
none
$3,000 cashback when you refinance your home loan to BOQ, min $250,000, 80% LVR or less. Apply before 19 December 2020, settle by 28 February 2021.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
4.02% p.a.
n/a
n/a
n/a
4.18% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$300.00
$0.00
$0.00
$150.00
n/a
$10.00 monthly
$350.00
none
none
none
80.00%
Investor
Interest Only
Weekly, Fortnightly, Monthly
yes - free
no
yes
$100.00
yes
no
Maximum 5 year interest only periods.
none
$3,000 cashback when you refinance your home loan to BOQ, min $250,000, 80% LVR or less. Apply before 19 December 2020, settle by 28 February 2021.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
xxxxx
Read full reviewBank of Qld have always offered us amazing flexibility and support with all the products we use. The staff are very knowledgeable, friendly and prepared to do everything to help.
Read full reviewBank of Qld have always offered us amazing flexibility and support with all the products we use. The staff are very knowledgeable, friendly and prepared to do everything to help.
amazing service, friendly staff. ive actually met my girlfriend in the que when i deposited some money in my account
Read full reviewamazing service, friendly staff. ive actually met my girlfriend in the que when i deposited some money in my account
Bank of Queensland is Australia's fastest growing retail bank, and has come a long way from its origins as a regional Queensland bank. BOQ today boasts a wide array of banking services and 200 branches around Australia. Bank of Queensland aims to give you greater control over the management of your finances and offers everyday banking products including credit cards, home loans, term deposits, savings accounts and bank accounts.
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WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
