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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 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 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%
The details shown below are for an investor taking out a principal & interest loan of at least $150,000 with an LVR below 90%
The details shown below are for an investor taking out a interest only loan of at least $150,000 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 < 95%
Owner Occupier Interest Only < 90%
Investor Principal & Interest < 90%
Investor Interest Only < 80%
Investor Principal & Interest < 90% $150,000
Investor Interest Only < 80% $150,000
  • Owner Occupier (Principal & Interest)
    LVR 80%-90%
    Loan: $150,000
  • Owner Occupier (Principal & Interest)
    LVR < 95%
    Loan:
  • Owner Occupier (Interest Only)
    LVR < 90%
    Loan:
  • Investor (Principal & Interest)
    LVR < 90%
    Loan:
  • Investor (Interest Only)
    LVR < 80%
    Loan:
  • Investor (Principal & Interest)
    LVR < 90%
    Loan: $150,000
  • Investor (Interest Only)
    LVR < 80%
    Loan: $150,000
Fixed 3 year rate
5.99% p.a.
Comparison Rate
6.42% p.a.
Service fee
$10.00 monthly
Upfront fee
$450
Fixed 3 year rate
6.34% p.a.
Comparison Rate
6.52% p.a.
Service fee
$10.00 monthly
Upfront fee
$450
Fixed 3 year rate
7.59% p.a.
Comparison Rate
6.88% p.a.
Service fee
$10.00 monthly
Upfront fee
$450
Fixed 3 year rate
6.49% p.a.
Comparison Rate
6.70% p.a.
Service fee
$10.00 monthly
Upfront fee
$450
Fixed 3 year rate
6.49% p.a.
Comparison Rate
6.70% p.a.
Service fee
$10.00 monthly
Upfront fee
$450
Fixed 3 year rate
6.14% p.a.
Comparison Rate
6.60% p.a.
Service fee
$10.00 monthly
Upfront fee
$450
Fixed 3 year rate
6.14% p.a.
Comparison Rate
6.60% p.a.
Service fee
$10.00 monthly
Upfront fee
$450

Mozo editorial review Bank of Queensland Fixed Rate - last updated: 15 May 2024

binocular icon
What's hot
  • 2-year fixed rate of just 6.09% p.a. (6.45% p.a. comparison rate*)
  • Make up to $5,000 in extra repayments annually without penalty
What's not
  • $10 monthly service fee
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 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 6.09% p.a. (6.45% p.a. 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 as low as 6.09% p.a. (5.45% p.a. 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 $150,000, 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 there are a number of different fees to watch out for, such as the $300 application fee, $150 settlement fee, $10 monthly service fee and a $350 discharge fee.

Details

Rates and fees information correct as at 29 May 2024. 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

6.09% (6.47%*)

5.99% (6.42%*)

6.24% (6.48%*)

6.34% (6.51%*)

n/a

n/a

6.39% 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 by 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.

Details

Rates and fees information correct as at 29 May 2024. 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

6.44% (6.54%*)

6.34% (6.52%*)

6.59% (6.61%*)

6.69% (6.67%*)

n/a

n/a

6.39% p.a.

Fees

$300.00

$0.00

$0.00

$150.00

n/a

$10.00 monthly

$350.00

Other financial bits

none

none

none

95.00%

Features

Weekly, Fortnightly, Monthly

yes - free up to $10,000 p.a

no

no

none

yes

no

none

100% offset account available on 1 year fixed rate loan.

$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.

Details

Rates and fees information correct as at 29 May 2024. 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

7.09% (6.67%*)

7.59% (6.88%*)

7.69% (7.02%*)

7.84% (7.19%*)

n/a

n/a

6.39% 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 $10,000 p.a

no

no

none

yes

no

none

100% offset account available on 1 year fixed rate loan.

$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.

Details

Rates and fees information correct as at 29 May 2024. 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

6.59% (6.73%*)

6.49% (6.70%*)

6.74% (6.79%*)

6.84% (6.85%*)

n/a

n/a

6.59% 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 $10,000 p.a

no

no

none

yes

no

none

100% offset account available on 1 year fixed rate loan.

$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.

Details

Rates and fees information correct as at 29 May 2024. 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

6.59% (6.73%*)

6.49% (6.70%*)

6.74% (6.79%*)

6.84% (6.85%*)

n/a

n/a

6.59% 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 $10,000 p.a

no

no

none

yes

no

none

100% offset account available on 1 year fixed rate loan.

$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.

Details

Rates and fees information correct as at 29 May 2024. 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

6.24% (6.66%*)

6.14% (6.60%*)

6.39% (6.66%*)

6.49% (6.69%*)

n/a

n/a

6.59% 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

90.00%

Features

Weekly, Fortnightly, Monthly

yes - free up to $10,000 p.a

no

no

none

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.

Details

Rates and fees information correct as at 29 May 2024. 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

6.24% (6.66%*)

6.14% (6.60%*)

6.39% (6.66%*)

6.49% (6.69%*)

n/a

n/a

6.59% 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 $10,000 p.a

no

no

none

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.

Customer Reviews

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

Overall
7.7/10
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 home loan 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.

Latest reviews of Bank of Queensland Fixed Rate Home Loan

About Bank of Queensland

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fixed 3 years

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6.39% p.a.

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5.99% p.a.

5.90% p.a.

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Macquarie

Basic Home Loan

6.14% p.a.

6.16% p.a.

Thumbnail icon for Heritage Bank
Heritage Bank

Discount Variable Home Loan

5.99% p.a.

6.01% p.a.

Thumbnail icon for Aussie
Aussie

Elevate

6.09% p.a.

6.20% p.a.

Thumbnail icon for ING
ING

Mortgage Simplifier

6.14% p.a.

6.17% p.a.

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Macquarie

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6.14% p.a.

6.39% p.a.

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6.04% p.a.

6.06% p.a.

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Express Home Loan (Fixed)

6.04% p.a.
fixed 3 years

6.15% p.a.

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Basic Home Loan (Fixed)

6.25% p.a.
fixed 3 years

6.20% p.a.

Thumbnail icon for Bendigo Bank
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6.54% p.a.
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6.38% p.a.

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6.41% p.a.

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6.12% p.a.

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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.

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