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BOQ Home Loans

The Bank of Queensland (BOQ) is one of Australia’s largest regional banks. It has been in operation since 1874 and is headquartered in Brisbane. It is a listed lender and offers a full range of banking and financial services, including personal banking, business banking (specialising in small to medium enterprises), insurance products, as well as private banking services.

Bank of Queensland (BOQ) - Clear Path Loan

The BOQ Clear Path Loan is a variable rate loan offered to owner-occupiers and investors. Owner-occupiers borrowing more than $150,000 also receive an additional interest rate discount. Borrowers are only required to have a five per cent deposit. Other features include a 100 per cent offset account and a free redraw facility.

Bank of Queensland (BOQ) - Economy Loan

The Economy Loan is available at a discounted rate to Bank of Queensland’s standard variable rate. Borrowers have the ability to make unlimited additional repayments and to redraw these repayments if needed. There is no minimum borrowing amount and borrowers only require a five per cent deposit.

Bank of Queensland (BOQ) - First-Start Loans

The First Start Loans come with an introductory discount off the standard variable rate for the first twelve months. Borrowers have the ability to make unlimited repayments and redraw these repayments if required. There is also an offset account. Borrowers must have a five per cent deposit to apply for this loan.

Bank of Queensland (BOQ) - Line of Credit Facility

BOQ’s Line of Credit facility is a line of credit loan available to both owner-occupiers and investors. The minimum borrowing amount for this facility is $25,000.

Bank of Queensland (BOQ) - Low Doc Loan

The Bank of Queensland’s Low Doc Loan is variable or fixed rate loan designed for borrowers who do not meet lenders’ traditional application criteria, including self-employed people. Borrowers require at least a 20 per cent deposit for this loan and forty per cent or more for those who do not wish to pay mortgage insurance. Borrowers can make additional repayments with this loan, although the amount is capped at $5000 per year for the fixed rate version of the loan. There is redraw available and borrowers have the option of paying interest-only for up to five years.

Bank of Queensland (BOQ) - Privileges Package Loan

The Privileges Packages Loan is designed is a flexible loan that can be taken out as a variable rate loan, a fixed rate loan, or a line of credit loan. An offset account can be attached to either the fixed or variable rate loans. To qualify, borrowers must have a transaction account with BOQ and at least a 20 per cent deposit. They can also make unlimited additional repayments into the variable rate loan and up to $5000 a year in additional repayments for the fixed loan. Borrowers are also entitled to discounts on some other BOQ products.

Bank of Queensland (BOQ) - Standard Loan

The BOQ’s Standard Loan is a flexible loan which is available to low doc borrowers. While it has no minimum borrowing amount, the minimum deposit size is five per cent or 20 per cent for those who wish to avoid lenders’ mortgage insurance. Borrowers can make additional repayments without charge and also have the option of redrawing these repayments. There is also the option of a 100 per cent offset account.

Home Loans from BOQ

Company
Product
Advertised Rate
Comparison Rate
Monthly Repayment
Go To Site
BOQ
Advertised Rate3.99%

Variable

Comparison Rate4.12%
Monthly Repayment$1211

over 30 years

Details
BOQ
Advertised Rate4.19%

Variable

Comparison Rate4.32%
Monthly Repayment$1240

over 30 years

Details
BOQ
Advertised Rate3.69%

Fixed - 3 years

Comparison Rate4.41%
Monthly Repayment$1253

over 30 years

Details
BOQ
Advertised Rate4.47%

Variable

Comparison Rate4.60%
Monthly Repayment$1282

over 30 years

Details
BOQ
Advertised Rate4.09%

Intro 48 months

Comparison Rate4.71%
Monthly Repayment$1298

over 30 years

Details
BOQ
Advertised Rate3.89%

Fixed - 3 years

Comparison Rate4.77%
Monthly Repayment$1307

over 30 years

Details
BOQ
Advertised Rate4.80%

Variable

Comparison Rate4.93%
Monthly Repayment$1331

over 30 years

Details
BOQ
Advertised Rate4.89%

Variable

Comparison Rate5.02%
Monthly Repayment$1345

over 30 years

Details
BOQ
Advertised Rate4.51%

Intro 48 months

Comparison Rate5.12%
Monthly Repayment$1360

over 30 years

Details
BOQ
Advertised Rate3.69%

Fixed - 3 years

Comparison Rate5.12%
Monthly Repayment$1360

over 30 years

Details
Pros
  • Competitive interest rates.
  • Wide range of flexible home loan products.
  • Sizeable branch network.
  • 24/7 call centre.
Cons
  • Many loan accounts have ongoing monthly fees.
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Customer Service

Bank of Queensland operates a 24/7 call centre for customer enquires, as well as a phone banking service. There is no Live Chat service but you can access the BOQ property app when you are considering your property purchase. Home loan applications and regular banking can be done online.

Customer service centre operates 24/7

Mobile app

Online banking

Email

Branch

Mobile banking staff

BOQ property app

Applying and Eligibility

Customers can apply for a Bank of Queensland loan online.

Before applying for a home loan it is advisable to think about how much money you could conceivably borrow given your financial situation and income. You will also need to provide documentation when applying for a home loan. This will include:

  • Personal identification material.
  • Proof of income and other earnings.
  • Proof and type of employment.
  • Details of current loans, debts and liabilities.
  • Personal insurance documents.
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