Bank of Queensland Fixed Rate

This product is available in different versions. Pick the right version for you here.

The details shown below are for an owner occupier taking out a principal & interest loan of at least $300,000 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 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

  • Owner Occupier (Principal & Interest)

    LVR < 80%

    Loan: $300,000

  • Owner Occupier (Principal & Interest)

    LVR < 80%

    Loan: $150,000

  • Owner Occupier (Principal & Interest)

    LVR < 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:

2.79% p.a.

3.67% p.a.

$10.00 monthly

Bank of Queensland Fixed Rate

2.79% p.a.

3.67% p.a.

$10.00 monthly

2.99% p.a.

3.72% p.a.

$10.00 monthly

Bank of Queensland Fixed Rate

2.99% p.a.

3.72% p.a.

$10.00 monthly

4.09% p.a.

4.00% p.a.

$10.00 monthly

Bank of Queensland Fixed Rate

4.09% p.a.

4.00% p.a.

$10.00 monthly

4.19% p.a.

4.03% p.a.

$10.00 monthly

Bank of Queensland Fixed Rate

4.19% p.a.

4.03% p.a.

$10.00 monthly

3.24% p.a.

3.97% p.a.

$10.00 monthly

Bank of Queensland Fixed Rate

3.24% p.a.

3.97% p.a.

$10.00 monthly

3.34% p.a.

4.00% p.a.

$10.00 monthly

Bank of Queensland Fixed Rate

3.34% p.a.

4.00% p.a.

$10.00 monthly

4.19% p.a.

4.22% p.a.

$10.00 monthly

Bank of Queensland Fixed Rate

4.19% p.a.

4.22% p.a.

$10.00 monthly

4.29% p.a.

4.25% p.a.

$10.00 monthly

Bank of Queensland Fixed Rate

4.29% p.a.

4.25% p.a.

$10.00 monthly

Mozo Review   Bank of Queensland Fixed Rate Review

Last updated: 25 October 2019.

What's hot:
  • Borrow with as little as 5% deposit (owner occupiers)

  • Make up to $5,000 in extra repayments annually without penalty

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 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.

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. With the Bank of Queensland, their lowest fixed rates start from 2.99% (3.72% 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.

There is a minimum loan amount of $150,000 and a $10 monthly service fee.

Who it's good for:

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.

Any catches?

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.

Details

Rates and fees information correct as at 1 April 2020. 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

  • 2.79% (3.75%*)

  • 2.79% (3.67%*)

  • n/a

  • 3.39% (3.77%*)

  • n/a

  • n/a

  • 3.76% p.a.

Fees
  • $300.00

  • $0.00

  • $0.00

  • $150.00

  • n/a

  • $10.00 monthly

  • $320.00

Other financial bits
  • $300,000

  • none

  • none

  • 80.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $5,000 p.a

  • no

  • no

  • none

  • yes

  • no

  • none

  • none

  • none

*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 1 April 2020. 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

  • 2.99% (3.78%*)

  • 2.99% (3.72%*)

  • n/a

  • 3.49% (3.81%*)

  • n/a

  • n/a

  • 3.76% p.a.

Fees
  • $300.00

  • $0.00

  • $0.00

  • $150.00

  • n/a

  • $10.00 monthly

  • $320.00

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

  • none

*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 1 April 2020. 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

  • 4.09% (3.95%*)

  • 3.74% (3.91%*)

  • 4.09% (4.00%*)

  • 3.89% (3.96%*)

  • 3.89% (3.97%*)

  • n/a

  • n/a

  • 3.76% p.a.

Fees
  • $300.00

  • $0.00

  • $0.00

  • $150.00

  • n/a

  • $10.00 monthly

  • $320.00

Other financial bits
  • none

  • none

  • none

  • 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.

  • none

*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 1 April 2020. 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

  • 4.19% (3.96%*)

  • 3.84% (3.93%*)

  • 4.19% (4.03%*)

  • 4.09% (4.03%*)

  • 4.09% (4.05%*)

  • n/a

  • n/a

  • 3.76% p.a.

Fees
  • $300.00

  • $0.00

  • $0.00

  • $150.00

  • n/a

  • $10.00 monthly

  • $320.00

Other financial bits
  • none

  • none

  • none

  • 70.00%

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.

  • none

*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 1 April 2020. 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% (4.04%*)

  • 3.24% (3.97%*)

  • n/a

  • 3.49% (3.96%*)

  • n/a

  • n/a

  • 4.02% p.a.

Fees
  • $300.00

  • $0.00

  • $0.00

  • $150.00

  • n/a

  • $10.00 monthly

  • $320.00

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

  • none

*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 1 April 2020. 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

  • 3.34% (4.05%*)

  • 3.34% (4.00%*)

  • n/a

  • 3.59% (4.00%*)

  • n/a

  • n/a

  • 4.02% p.a.

Fees
  • $300.00

  • $0.00

  • $0.00

  • $150.00

  • n/a

  • $10.00 monthly

  • $320.00

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

  • none

*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 1 April 2020. 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

  • 4.19% (4.19%*)

  • 3.84% (4.14%*)

  • 4.19% (4.22%*)

  • 4.09% (4.20%*)

  • 4.09% (4.20%*)

  • n/a

  • n/a

  • 4.02% p.a.

Fees
  • $300.00

  • $0.00

  • $0.00

  • $150.00

  • n/a

  • $10.00 monthly

  • $320.00

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.

  • none

*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 1 April 2020. 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% (4.20%*)

  • 3.84% (4.14%*)

  • 4.29% (4.25%*)

  • 4.19% (4.23%*)

  • 4.19% (4.25%*)

  • n/a

  • n/a

  • 4.02% p.a.

Fees
  • $300.00

  • $0.00

  • $0.00

  • $150.00

  • n/a

  • $10.00 monthly

  • $320.00

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.

  • none

*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 customer rating
7.6/10
Price
7.2/10
Features
6.8/10
Customer service
7.9/10
Convenience
7.8/10
Trust
7.7/10

Latest reviews of Bank of Queensland Fixed Rate

  • Overall 7/10
    Friendly staff

    Quick service

    Read full review

    Quick service

    Price
    5/10
    Features
    5/10
    Customer service
    8/10
    Convenience
    8/10
    Trust
    8/10
    Less
    Danijela, New South Wales reviewed about 2 years ago
  • Overall 10/10
    Local bank

    Like the location, opening times and friendly staff.

    Read full review

    Like the location, opening times and friendly staff.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Christine, Queensland reviewed about 2 years ago
  • Overall 6/10
    Average

    Interest rates below average

    Read full review

    Interest rates below average

    Price
    4/10
    Features
    6/10
    Customer service
    7/10
    Convenience
    7/10
    Trust
    6/10
    Less
    Dan, Queensland reviewed almost 4 years ago
  • Overall 10/10
    Fantastic service and friendly reliable advice.

    Same as before. I wouldn't want to change from BOQ because they give me what I want and advise me in a very positive way.

    Read full review

    Same as before. I wouldn't want to change from BOQ because they give me what I want and advise me in a very positive way.

    Price
    8/10
    Features
    9/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Leah, New South Wales reviewed about 4 years ago
  • Overall 4/10
    Average

    Customer service has been terrible. Have the same problem sorted 4 times as they don't fix it properly and next month they're calling about the same issue .

    Read full review

    Customer service has been terrible. Have the same problem sorted 4 times as they don't fix it properly and next month they're calling about the same issue .

    Price
    4/10
    Features
    4/10
    Customer service
    2/10
    Convenience
    3/10
    Trust
    6/10
    Less
    Stuart, Queensland reviewed over 4 years ago
Bank of Queensland

About Bank of Queensland

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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*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.