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Mini meca 2021

Bank of Queensland Fixed Rate

Advertiser disclosure

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 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 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 90%

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 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

  • Owner Occupier (Principal & Interest)

    LVR < 80%

    Loan: $150,000

  • Owner Occupier (Principal & Interest)

    LVR 80%-90%

    Loan: $150,000

  • Owner Occupier (Principal & Interest)

    LVR 90%-95%

    Loan:

  • Owner Occupier (Interest Only)

    LVR < 90%

    Loan:

  • Owner Occupier (Interest Only)

    LVR < 80%

    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:

Fixed 3 year rate
2.19% p.a.
Comparison Rate
3.03% p.a.
Service fee
$10.00 monthly
Upfront fee
$450
Fixed 3 year rate
2.49% p.a.
Comparison Rate
3.10% p.a.
Service fee
$10.00 monthly
Upfront fee
$450
Fixed 3 year rate
3.64% p.a.
Comparison Rate
3.39% p.a.
Service fee
$10.00 monthly
Upfront fee
$450
Fixed 3 year rate
3.84% p.a.
Comparison Rate
3.44% p.a.
Service fee
$10.00 monthly
Upfront fee
$450
Fixed 3 year rate
p.a.
Comparison Rate
n/a
Service fee
$10.00 monthly
Upfront fee
$450
Fixed 3 year rate
2.59% p.a.
Comparison Rate
3.26% p.a.
Service fee
$10.00 monthly
Upfront fee
$450
Fixed 3 year rate
2.74% p.a.
Comparison Rate
3.30% p.a.
Service fee
$10.00 monthly
Upfront fee
$450
Fixed 3 year rate
4.04% p.a.
Comparison Rate
3.63% p.a.
Service fee
$10.00 monthly
Upfront fee
$450
Fixed 3 year rate
4.29% p.a.
Comparison Rate
3.69% p.a.
Service fee
$10.00 monthly
Upfront fee
$450

Mozo editorial review Bank of Queensland Fixed Rate - last updated: 28 May 2021

4 / 5
binocular icon
What's hot
  • 2-year fixed rate of just 1.89% (3.05% comparison rate*)
  • Make up to $5,000 in extra repayments annually without penalty
  • 2021 Mozo Experts Choice Award winner - Best Fixed Rate Home Loan
What's not
  • $10 monthly service fee
  • Loan reverts to higher rate after fixed period
Mozo snapshot

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 2021 Mozo Experts Choice Award winning BOQ fixed rate home loan has some great options across its loan terms. Owner occupiers will be able to grab a 2-year fixed rate of just 1.89% (3.05% comparison rate*), and can make extra repayments of up to $5,000 per year without incurring any penalties.

key icon
Key features

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. Fixed rates start from 1.89% (3.05% comparison rate*) on 2-year fixed terms for owner occupiers with at least a 20% deposit.

You'll also be able to make additional repayments of up to $5,000 annually without penalty. Just keep in mind 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. 

snapshot
Who is it good 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.

question icon
Any catches

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.

Picture of Niko Iliakis
Niko Iliakis
Money writer

Niko Iliakis is a finance journalist at Mozo specialising in home loans, property and interest rate movements. With an eye for facts and figures, Niko deep-dives into topics to help readers understand key info and make more informed financial decisions. He is ASIC RG146 (Tier 2) certified for general advice.

Details

Rates and fees information correct as at 3 August 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

n/a

n/a

n/a

n/a

2.29% (3.18%*)

1.99% (3.07%*)

2.19% (3.03%*)

2.59% (3.09%*)

2.69% (3.10%*)

n/a

n/a

3.09% p.a.

Fees

$300.00

$0.00

$0.00

$150.00

n/a

$10.00 monthly

$350.00

Other financial bits

$150,000

none

none

80.00%

Features

Weekly, Fortnightly, Monthly

yes - free up to $5,000 p.a

no

no

none

yes

no

none

none

$3,000 refinance cashback, min $250,000, 80% LVR or less. Apply before 29 August 2021, settle by 26 November 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.

Details

Rates and fees information correct as at 3 August 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

n/a

n/a

n/a

n/a

n/a

2.34% (3.13%*)

2.49% (3.10%*)

2.89% (3.19%*)

2.99% (3.21%*)

n/a

n/a

3.09% p.a.

Fees

$300.00

$0.00

$0.00

$150.00

n/a

$10.00 monthly

$350.00

Other financial bits

$150,000

none

80.00%

90.00%

Features

Weekly, Fortnightly, Monthly

yes - free up to $5,000 p.a

no

no

none

yes

no

none

none

$3,000 refinance cashback, min $250,000, 80% LVR or less. Apply before 29 August 2021, settle by 26 November 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.

Details

Rates and fees information correct as at 3 August 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

n/a

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.

Fees

$300.00

$0.00

$0.00

$150.00

n/a

$10.00 monthly

$350.00

Other financial bits

none

none

90.00%

95.00%

Features

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 refinance cashback, min $250,000, 80% LVR or less. Apply before 29 August 2021, settle by 26 November 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.

Details

Rates and fees information correct as at 3 August 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

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.

Fees

$300.00

$0.00

$0.00

$150.00

n/a

$10.00 monthly

$350.00

Other financial bits

none

none

none

90.00%

Features

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 refinance cashback, min $250,000, 80% LVR or less. Apply before 29 August 2021, settle by 26 November 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.

Details

Rates and fees information correct as at 3 August 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

n/a

n/a

n/a

n/a

n/a

3.24% (3.28%*)

n/a

n/a

n/a

n/a

n/a

3.09% p.a.

Fees

$300.00

$0.00

$0.00

$150.00

n/a

$10.00 monthly

$350.00

Other financial bits

none

none

none

80.00%

Features

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 refinance cashback, min $250,000, 80% LVR or less. Apply before 29 August 2021, settle by 26 November 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.

Details

Rates and fees information correct as at 3 August 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

n/a

n/a

n/a

n/a

2.64% (3.38%*)

2.39% (3.28%*)

2.59% (3.26%*)

2.89% (3.31%*)

2.94% (3.30%*)

n/a

n/a

3.27% p.a.

Fees

$300.00

$0.00

$0.00

$150.00

n/a

$10.00 monthly

$350.00

Other financial bits

$150,000

none

none

80.00%

Features

Weekly, Fortnightly, Monthly

yes - free up to $5,000 p.a

no

no

none

yes

no

none

none

$3,000 refinance cashback or $2,000 for a new investment purchase, min $250,000, 80% LVR or less. Apply before 29 Aug 2021, settle by 26 Nov 2021 for refinance or 31 Oct 2021, settle by 28 Jan 2022 for new purchase.

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.

Details

Rates and fees information correct as at 3 August 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

n/a

n/a

n/a

n/a

n/a

2.64% (3.32%*)

2.74% (3.30%*)

n/a

3.34% (3.46%*)

n/a

n/a

3.27% p.a.

Fees

$300.00

$0.00

$0.00

$150.00

n/a

$10.00 monthly

$350.00

Other financial bits

$150,000

none

none

80.00%

Features

Weekly, Fortnightly, Monthly

yes - free up to $5,000 p.a

no

no

none

yes

no

none

none

$3,000 refinance cashback or $2,000 for a new investment purchase, min $250,000, 80% LVR or less. Apply before 29 Aug 2021, settle by 26 Nov 2021 for refinance or 31 Oct 2021, settle by 28 Jan 2022 for new purchase.

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.

Details

Rates and fees information correct as at 3 August 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

n/a

n/a

n/a

n/a

4.04% (3.50%*)

3.84% (3.53%*)

4.04% (3.63%*)

4.09% (3.70%*)

4.09% (3.76%*)

n/a

n/a

3.27% p.a.

Fees

$300.00

$0.00

$0.00

$150.00

n/a

$10.00 monthly

$350.00

Other financial bits

none

none

none

90.00%

Features

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 refinance cashback or $2,000 for a new investment purchase, min $250,000, 80% LVR or less. Apply before 29 Aug 2021, settle by 26 Nov 2021 for refinance or 31 Oct 2021, settle by 28 Jan 2022 for new purchase.

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.

Details

Rates and fees information correct as at 3 August 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

n/a

n/a

n/a

n/a

4.29% (3.52%*)

3.84% (3.53%*)

4.29% (3.69%*)

4.19% (3.74%*)

4.19% (3.80%*)

n/a

n/a

3.27% p.a.

Fees

$300.00

$0.00

$0.00

$150.00

n/a

$10.00 monthly

$350.00

Other financial bits

none

none

none

80.00%

Features

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 refinance cashback or $2,000 for a new investment purchase, min $250,000, 80% LVR or less. Apply before 29 Aug 2021, settle by 26 Nov 2021 for refinance or 31 Oct 2021, settle by 28 Jan 2022 for new purchase.

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 Reviews

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

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

Latest reviews of Bank of Queensland Fixed Rate Home Loan

About Bank of Queensland

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.