The details shown below are for an owner occupier taking out a principal & interest loan of at least $150,000 with an LVR below 90%
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 principal & interest loan up to with an LVR below 95%
The details shown below are for an owner occupier taking out a interest only loan up to 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 of at least $150,000 with an LVR below 80%
The details shown below are for an investor taking out a principal & interest loan up to with an LVR below 90%
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 | 80%-90% | $150,000 | |
| | Owner Occupier | Principal & Interest | < 80% | $150,000 | |
| | Owner Occupier | Principal & Interest | 90%-95% | ||
| | Owner Occupier | Interest Only | < 70% | ||
| | Investor | Principal & Interest | < 80% | $150,000 | |
| | Investor | Interest Only | < 80% | $150,000 | |
| | Investor | Principal & Interest | < 90% | ||
| | Investor | Interest Only | < 80% |
Owner Occupier (Principal & Interest)
LVR 80%-90%
Loan: $150,000
Owner Occupier (Principal & Interest)
LVR < 80%
Loan: $150,000
Owner Occupier (Principal & Interest)
LVR 90%-95%
Loan:
Owner Occupier (Interest Only)
LVR < 70%
Loan:
Investor (Principal & Interest)
LVR < 80%
Loan: $150,000
Investor (Interest Only)
LVR < 80%
Loan: $150,000
Investor (Principal & Interest)
LVR < 90%
Loan:
Investor (Interest Only)
LVR < 80%
Loan:
If you’re looking to purchase a new home or investment property and want the certainty of repayment for a set length of time, the BOQ fixed rate home loan has some great options across its loan terms. Owner occupiers will be able to grab a 4-year fixed rate of just 1.99% (2.90% comparison rate*) and eligible refinancers will even be able to score up to $3,000 cashback (see below for more details).
The interest rates of the BOQ fixed rate loan are scaled depending on a number of factors: the loan term, deposit amount and whether the loan is for an investment or for a home to live in. With the Bank of Queensland, their lowest fixed rates start from 1.99% (2.90% comparison rate*) for a 4-year fixed term, although keep in mind you'll need at least a 20% deposit to score that rate.
With the Bank of Queensland Discounted Fixed Rate Home Loan, you can make additional repayments of up to $5,000 annually without penalty. Just be aware that you won’t be able to draw down on any additional repayments as the loan doesn’t have a redraw facility. There is an offset available on the 1-year fixed term for personal customers only.
There is a minimum loan amount of $150,00, a $10 monthly service fee and $450 in upfront fees to budget for.
As with most fixed rate home loans, the BOQ fixed home loan could be a good option if you want to lock in a competitive rate and know what your repayments will be month on month. There is also the option to split the loan into a fixed and variable portion if this suits your budget.
Just be aware that the loan revert rate is much higher than the fixed rate, so make sure that you compare home loans and shop around for the best deal before the fixed rate term comes to an end.
n/a
n/a
n/a
n/a
n/a
2.49% (3.15%*)
2.49% (3.10%*)
2.49% (3.06%*)
2.49% (3.02%*)
n/a
n/a
3.09% p.a.
$300.00
$0.00
$0.00
$150.00
n/a
$10.00 monthly
$350.00
$150,000
none
80.00%
90.00%
Weekly, Fortnightly, Monthly
yes - free up to $5,000 p.a
no
no
none
yes
no
none
none
$3,000 cashback when you refinance your home loan to BOQ, min $250,000, 80% LVR or less. Apply before 26 February 2021, settle by 28 May 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.
n/a
n/a
n/a
n/a
2.19% (3.17%*)
2.09% (3.08%*)
2.09% (3.01%*)
1.99% (2.90%*)
2.09% (2.87%*)
n/a
n/a
3.09% p.a.
$300.00
$0.00
$0.00
$150.00
n/a
$10.00 monthly
$350.00
$150,000
none
none
80.00%
Weekly, Fortnightly, Monthly
yes - free up to $5,000 p.a
no
no
none
yes
no
none
none
$3,000 cashback when you refinance your home loan to BOQ, min $250,000, 80% LVR or less. Apply before 26 February 2021, settle by 28 May 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.
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n/a
n/a
n/a
3.64% (3.30%*)
3.54% (3.33%*)
3.64% (3.39%*)
3.64% (3.43%*)
3.64% (3.47%*)
n/a
n/a
3.09% p.a.
$300.00
$0.00
$0.00
$150.00
n/a
$10.00 monthly
$350.00
none
none
90.00%
95.00%
Weekly, Fortnightly, Monthly
yes - free up to $5,000 p.a
no
no
none
yes
no
none
100% offset account available on 1 year fixed rate loan.
$3,000 cashback when you refinance your home loan to BOQ, min $250,000, 80% LVR or less. Apply before 26 February 2021, settle by 28 May 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.
n/a
n/a
n/a
n/a
3.84% (3.32%*)
3.59% (3.34%*)
3.84% (3.44%*)
3.84% (3.50%*)
3.84% (3.55%*)
n/a
n/a
3.09% p.a.
$300.00
$0.00
$0.00
$150.00
n/a
$10.00 monthly
$350.00
none
none
none
70.00%
Weekly, Fortnightly, Monthly
yes - free up to $5,000 p.a
no
no
none
yes
no
none
100% offset account available on 1 year fixed rate loan.
$3,000 cashback when you refinance your home loan to BOQ, min $250,000, 80% LVR or less. Apply before 26 February 2021, settle by 28 May 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.
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n/a
n/a
n/a
2.64% (3.83%*)
2.59% (3.72%*)
2.59% (3.63%*)
n/a
2.74% (3.52%*)
n/a
n/a
3.77% p.a.
$300.00
$0.00
$0.00
$150.00
n/a
$10.00 monthly
$350.00
$150,000
none
none
80.00%
Weekly, Fortnightly, Monthly
yes - free up to $5,000 p.a
no
no
none
yes
no
none
none
$3,000 cashback when you refinance your home loan to BOQ, min $250,000, 80% LVR or less. Apply before 26 February 2021, settle by 28 May 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.
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n/a
n/a
n/a
n/a
2.94% (3.78%*)
2.99% (3.73%*)
n/a
3.24% (3.72%*)
n/a
n/a
3.77% p.a.
$300.00
$0.00
$0.00
$150.00
n/a
$10.00 monthly
$350.00
$150,000
none
none
80.00%
Weekly, Fortnightly, Monthly
yes - free up to $5,000 p.a
no
no
none
yes
no
none
none
$3,000 cashback when you refinance your home loan to BOQ, min $250,000, 80% LVR or less. Apply before 26 February 2021, settle by 28 May 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.
n/a
n/a
n/a
n/a
4.04% (3.95%*)
3.84% (3.94%*)
4.04% (4.00%*)
4.09% (4.04%*)
4.09% (4.06%*)
n/a
n/a
3.77% p.a.
$300.00
$0.00
$0.00
$150.00
n/a
$10.00 monthly
$350.00
none
none
none
90.00%
Weekly, Fortnightly, Monthly
yes - free up to $5,000 p.a
no
no
none
yes
no
none
100% offset account available on 1 year fixed rate loan.
$3,000 cashback when you refinance your home loan to BOQ, min $250,000, 80% LVR or less. Apply before 26 February 2021, settle by 28 May 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.
n/a
n/a
n/a
n/a
4.29% (3.98%*)
3.84% (3.94%*)
4.29% (4.06%*)
4.19% (4.07%*)
4.19% (4.10%*)
n/a
n/a
3.77% p.a.
$300.00
$0.00
$0.00
$150.00
n/a
$10.00 monthly
$350.00
none
none
none
80.00%
Weekly, Fortnightly, Monthly
yes - free up to $5,000 p.a
no
no
none
yes
no
none
100% offset account available on 1 year fixed rate loan.
$3,000 cashback when you refinance your home loan to BOQ, min $250,000, 80% LVR or less. Apply before 26 February 2021, settle by 28 May 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.
Customer service.
Read full reviewCustomer service has been helpful in the past however interest rate is still quite high for the current market at 3.8%.
Read full reviewCustomer service has been helpful in the past however interest rate is still quite high for the current market at 3.8%.
By far the worst banking experience I have ever come into contact with. Do not use this bank, save yourself the heartache. Try anyone else.
Read full reviewBy far the worst banking experience I have ever come into contact with. Do not use this bank, save yourself the heartache. Try anyone else.
They were able to help first home buyers out why describing all the pros and cons and how to best bring down the loan.
Read full reviewThey were able to help first home buyers out why describing all the pros and cons and how to best bring down the loan.
Quick service
Read full review
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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1.99% p.a.variable for 12 months and then 2.48% p.a. variable
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2.09% p.a.
fixed 3 years
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2.59% p.a.
2.76% p.a.
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fixed 3 years
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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.
