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 interest only loan up to with an LVR below 70%
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 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 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%
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% | $150,000 | |
| | Owner Occupier | Principal & Interest | 80%-90% | $150,000 | |
| | Owner Occupier | Interest Only | < 70% | ||
| | Owner Occupier | Principal & Interest | 90%-95% | ||
| | Investor | Principal & Interest | < 80% | $150,000 | |
| | Investor | Principal & Interest | 80%-90% | $150,000 | |
| | Investor | Interest Only | < 80% | $150,000 | |
| | Investor | Principal & Interest | < 90% | ||
| | Investor | Interest Only | < 80% |
Owner Occupier (Principal & Interest)
LVR < 80%
Loan: $150,000
Owner Occupier (Principal & Interest)
LVR 80%-90%
Loan: $150,000
Owner Occupier (Interest Only)
LVR < 70%
Loan:
Owner Occupier (Principal & Interest)
LVR 90%-95%
Loan:
Investor (Principal & Interest)
LVR < 80%
Loan: $150,000
Investor (Principal & Interest)
LVR 80%-90%
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. For owner occupiers you can borrow with as little as 5% deposit, and a 10% deposit if you’re after a loan for an investment. You can choose between 1 - 5 year fixed terms and repay the loan on a weekly, fortnightly or monthly basis, whatever suits you best.
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 2.25% (3.41% comparison rate*) for a 3 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.
You can also take advantage of a cash-back offer if you apply to refinance your home loan with BOQ before 29 November, 2020. Refinance customers can pop $2,500 in their pockets if they refinance a mortgage of at least $250,000, with a 80% Loan to Value Ratio (LVR) or less.
There is a minimum loan amount of $150,000 and a $10 monthly service fee.
As with most fixed rate home loans, the BOQ fixed home loan is a good option if you want to lock in a 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 higher 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
2.39% (3.64%*)
2.29% (3.52%*)
2.25% (3.41%*)
2.54% (3.41%*)
2.54% (3.34%*)
n/a
n/a
3.59% 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
$2,500 cashback when you refinance your home loan to BOQ, min $250,000, 80% LVR or less. Apply before 29 November 2020, settle by 28 February 2021.
n/a
n/a
n/a
n/a
n/a
2.89% (3.63%*)
2.89% (3.57%*)
2.99% (3.55%*)
2.99% (3.51%*)
n/a
n/a
3.59% 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
none
n/a
n/a
n/a
n/a
4.19% (3.81%*)
3.84% (3.79%*)
4.19% (3.91%*)
4.09% (3.92%*)
4.09% (3.95%*)
n/a
n/a
3.59% 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.
$2,500 cashback when you refinance your home loan to BOQ, min $250,000, 80% LVR or less. Apply before 29 November 2020, settle by 28 February 2021.
n/a
n/a
n/a
n/a
3.89% (3.78%*)
3.74% (3.78%*)
3.99% (3.85%*)
3.89% (3.85%*)
3.89% (3.87%*)
n/a
n/a
3.59% 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.
none
n/a
n/a
n/a
n/a
2.64% (3.90%*)
2.59% (3.79%*)
2.59% (3.69%*)
n/a
2.74% (3.57%*)
n/a
n/a
3.85% 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
$2,500 cashback when you refinance your home loan to BOQ, min $250,000, 80% LVR or less. Apply before 29 November 2020, settle by 28 February 2021.
n/a
n/a
n/a
n/a
n/a
3.24% (3.90%*)
3.24% (3.85%*)
n/a
3.49% (3.86%*)
n/a
n/a
3.85% 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
none
n/a
n/a
n/a
n/a
n/a
2.94% (3.85%*)
2.99% (3.79%*)
n/a
3.24% (3.76%*)
n/a
n/a
3.85% 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
$2,500 cashback when you refinance your home loan to BOQ, min $250,000, 80% LVR or less. Apply before 29 November 2020, settle by 28 February 2021.
n/a
n/a
n/a
n/a
4.04% (4.03%*)
3.84% (4.01%*)
4.04% (4.06%*)
4.09% (4.09%*)
4.09% (4.11%*)
n/a
n/a
3.85% 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.
$2,500 cashback when you refinance your home loan to BOQ, min $250,000, 80% LVR or less. Apply before 29 November 2020, settle by 28 February 2021.
n/a
n/a
n/a
n/a
4.29% (4.05%*)
3.84% (4.01%*)
4.29% (4.12%*)
4.19% (4.12%*)
4.19% (4.15%*)
n/a
n/a
3.85% 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.
$2,500 cashback when you refinance your home loan to BOQ, min $250,000, 80% LVR or less. Apply before 29 November 2020, settle by 28 February 2021.
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 reviewLike the location, opening times and friendly staff.
Read full reviewLike the location, opening times and friendly staff.
Interest rates below average
Read full reviewInterest rates below average
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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