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%-80% | $150,000 | |
|
|
Owner Occupier | Principal & Interest | < 70% | $150,000 | |
|
|
Owner Occupier | Principal & Interest | 80%-90% | $150,000 | |
|
|
Owner Occupier | Principal & Interest | < 90% | ||
|
|
Owner Occupier | Interest Only | < 80% | ||
|
|
Investor | Principal & Interest | < 70% | $150,000 | |
|
|
Investor | Principal & Interest | 70%-80% | $150,000 | |
|
|
Investor | Principal & Interest | 80%-90% | $150,000 | |
|
|
Investor | Principal & Interest | 70%-90% | ||
|
|
Investor | Interest Only | < 90% | ||
|
|
Investor | Interest Only | < 70% | $150,000 | |
|
|
Investor | Interest Only | < 80% | $150,000 | |
|
|
Investor | Interest Only | 80%-90% | $150,000 |
Want the lowest variable rate home loan on offer from BOQ? Look no further than the Economy Variable Home Loan. Interest rates start from a competitive 6.18% p.a. (6.33% p.a. comparison rate*) for owner occupier (P&I) loans and 6.34% p.a. (6.49% p.a. comparison rate*) for an investment loan (P&I). There is no maximum loan amount so it could be worth a look for everyone from first home buyers to luxury property moguls. However, you'll need to have a 30% deposit as the maximum LVR available with this loan is 70% if you want to snag the lowest rate as well as have a debt to income ratio less than 6.
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%, have a debt to income ration less than 6 and a minimum borrowing amount of $150,000, BOQ offers a competitive 6.18% p.a. (6.33% p.a. comparison rate*). Meanwhile for owner occupiers have a 20% deposit and LVR of 80%, rates start at 6.23% p.a. (6.38% p.a. comparison rate*) and investor rates start from 6.39% p.a. (6.54% p.a. 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, up to $10,000 annually. There is also a free redraw option but it does have a minimum $100 redraw.
There is also a $2,000 refinance cashback offer up for grabs for refinancers only (80% LVR or less, owner-occupied and investor both welcome), with a minimum loan amount of $250,000 (apply from 8th September 2023 and settle within 120 days of the loan application date).
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 90%.
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.
|
6.23% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
6.38% 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 - free |
|
|
$100.00 |
|
|
yes |
|
|
no |
|
|
Available for new lending only. |
|
|
none |
|
|
$2,000 refinance cashback, min $250,000, 80% LVR or less. Apply from 8th September 2023, settle within 120 days of the loan application date. |
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.
|
6.18% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
6.33% 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% |
|
Owner Occupier |
|
|
Principal & Interest |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
no |
|
|
yes - free |
|
|
$100.00 |
|
|
yes |
|
|
no |
|
|
Available for new lending only. |
|
|
none |
|
|
$2,000 refinance cashback, min $250,000, 80% LVR or less. Apply from 8th September 2023, settle within 120 days of the loan application date. |
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.
|
6.39% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
6.53% 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 |
|
|
80.00% |
|
|
90.00% |
|
Owner Occupier |
|
|
Principal & Interest |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
no |
|
|
yes - free |
|
|
$100.00 |
|
|
yes |
|
|
no |
|
|
Available for new lending only. |
|
|
none |
|
|
$2,000 refinance cashback, min $250,000, 80% LVR or less. Apply from 8th September 2023, settle within 120 days of the loan application date. |
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.
|
7.57% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
7.71% 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 |
|
|
90.00% |
|
Owner Occupier |
|
|
Principal & Interest |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
no |
|
|
yes - free |
|
|
$100.00 |
|
|
yes |
|
|
no |
|
|
none |
|
|
none |
|
|
$2,000 refinance cashback, min $250,000, 80% LVR or less. Apply from 8th September 2023, settle within 120 days of the loan application date. |
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.
|
8.05% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
7.93% 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 - free |
|
|
$100.00 |
|
|
yes |
|
|
no |
|
|
Maximum 5 year interest only periods. |
|
|
none |
|
|
$2,000 refinance cashback, min $250,000, 80% LVR or less. Apply from 8th September 2023, settle within 120 days of the loan application date. |
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.
|
6.34% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
6.48% 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 - free |
|
|
$100.00 |
|
|
yes |
|
|
no |
|
|
Available for new lending only. |
|
|
none |
|
|
$2,000 refinance cashback, min $250,000, 80% LVR or less. Apply from 8th September 2023, settle within 120 days of the loan application date. |
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.
|
6.39% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
6.53% 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 - free |
|
|
$100.00 |
|
|
yes |
|
|
no |
|
|
Available for new lending only. |
|
|
none |
|
|
$2,000 refinance cashback, min $250,000, 80% LVR or less. Apply from 8th September 2023, settle within 120 days of the loan application date. |
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.
|
6.59% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
6.73% 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 |
|
|
80.00% |
|
|
90.00% |
|
Investor |
|
|
Principal & Interest |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
no |
|
|
yes - free |
|
|
$100.00 |
|
|
yes |
|
|
no |
|
|
Available for new lending only. |
|
|
none |
|
|
$2,000 refinance cashback, min $250,000, 80% LVR or less. Apply from 8th September 2023, settle within 120 days of the loan application date. |
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.
|
7.92% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
8.06% 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 |
|
|
70.00% |
|
|
90.00% |
|
Investor |
|
|
Principal & Interest |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
no |
|
|
yes - free |
|
|
$100.00 |
|
|
yes |
|
|
no |
|
|
none |
|
|
none |
|
|
$2,000 refinance cashback, min $250,000, 80% LVR or less. Apply from 8th September 2023, settle within 120 days of the loan application date. |
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.
|
8.27% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
8.22% 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 |
|
|
90.00% |
|
Investor |
|
|
Interest Only |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
no |
|
|
yes - free |
|
|
$100.00 |
|
|
yes |
|
|
no |
|
|
Maximum 5 year interest only periods. |
|
|
none |
|
|
$2,000 refinance cashback, min $250,000, 80% LVR or less. Apply from 8th September 2023, settle within 120 days of the loan application date. |
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.
|
6.49% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
7.41% 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 |
|
|
Interest Only |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
no |
|
|
yes - free |
|
|
$100.00 |
|
|
yes |
|
|
no |
|
|
Available for new lending only. Maximum 5 year interest only periods. |
|
|
none |
|
|
$2,000 refinance cashback, min $250,000, 80% LVR or less. Apply from 8th September 2023, settle within 120 days of the loan application date. |
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.
|
6.54% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
7.43% 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 |
|
|
80.00% |
|
Investor |
|
|
Interest Only |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
no |
|
|
yes - free |
|
|
$100.00 |
|
|
yes |
|
|
no |
|
|
Available for new lending only. Maximum 5 year interest only periods. |
|
|
none |
|
|
$2,000 refinance cashback, min $250,000, 80% LVR or less. Apply from 8th September 2023, settle within 120 days of the loan application date. |
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.
|
6.89% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
7.59% 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 |
|
|
80.00% |
|
|
90.00% |
|
Investor |
|
|
Interest Only |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
no |
|
|
yes - free |
|
|
$100.00 |
|
|
yes |
|
|
no |
|
|
Available for new lending only. Maximum 5 year interest only periods. |
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none |
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$2,000 refinance cashback, min $250,000, 80% LVR or less. Apply from 8th September 2023, settle within 120 days of the loan application date. |
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.
Staff are great and cash back was awesome. Not many ATMs and the phone app was designed in 2001. Absolutely shocking. You can't name your accounts. You can't lock a card if it's lost or stolen. No chat to ask any questions.
Read full reviewStaff are great and cash back was awesome. Not many ATMs and the phone app was designed in 2001. Absolutely shocking. You can't name your accounts. You can't lock a card if it's lost or stolen. No chat to ask any questions.
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
Home Value Loan
6.09% p.a. variable
6.09% p.a.
Fixed Rate
6.59% p.a.
fixed 3 years
7.06% p.a.
Elevate
6.09% p.a.
6.20% p.a.
Fixed Rate Loan (with Orange Advantage)
5.99% p.a.
fixed 3 years
6.12% p.a.
Fixed Rate
6.59% p.a.
fixed 3 years
7.06% p.a.
Home Value Loan
6.09% p.a.
6.09% p.a.
$0.00
Elevate
6.09% p.a.
6.20% p.a.
$0.00
First Home Buyer Loan
5.90% p.a.
5.93% p.a.
$0.00
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.
