Important disclosure

Bank of Queensland

Clear Path Variable Home Loan

  • Owner Occupied
  • Variable
  • 20% min deposit
  • P&I

Cashback

$2,000 cashback when you refinance your home loan to BOQ

New loans to BOQ of $250,000 or more with LVR 80%, refinanced from another bank. New refinance applications received from 8 September 2023 that settle within 120 days of the loan application date. Available for owner-occupier and investor home loans with LVR of 80% or less. Offer available on BOQ’s Clear Path, Economy, or Fixed Rate home loan products only T&C apply.

Interest Rate

6.39%

p.a

Comparison Rate*

6.51%

p.a

Real Time Rating™
Tags
  • Owner Occupied
  • Variable
  • 20% min deposit
  • P&I
Interest Rate

6.39%

p.a

Comparison Rate*

6.51%

p.a

ly Repayment

$0

based on $350,000 loan amount for 27 years at 6.39%

Clear Path Variable Home Loan

Find your ideal home loan from one of the 4 home loans from BOQ

Principal and Interest (P&I)

Loan typeLoan to value ratio
Interest rate
Comparison rate
Variable
Up to 80%

6.39% p.a.

6.51% p.a.

Product Info
Variable
Up to 90%

6.64% p.a.

6.76% p.a.

Product Info

Interest only

Loan typeLoan to value ratio
Interest rate
Comparison rate
Variable
Up to 80%

7.64% p.a.

7.07% p.a.

Product Info
Variable
Up to 90%

7.89% p.a.

7.19% p.a.

Product Info

BOQ home loans are available through brokers who can help find the right loan and manage your application at no charge.

Deborah Fredericks

NSW, 2478

Customer Representative Number: 376823

Tony Ngo

NSW, 2138

Customer Representative Number: 553063

Matt Mara

NSW, 2027

Customer Representative Number: 530577

BOQ Variable Rate Home loan overview

For Clear Path Variable Rate Home Loan (Principal and Interest) (LVR < 80%)

Details

Maximum LVR

80%

Total Repayments

Interest rate type

Variable

Borrowing range

Suitable for

Owner Occupiers

Loan term range

1 - 30 years

Repayment type

Principal and Interest

Applicable states

ACT, NSW, NT, QLD, SA, TAS, VIC, WA

Repayment options

Fortnightly, Monthly, Weekly

Target Market Determination

Visit Bank of Queensland to view Target Market Determination.

Features

Extra repayments

Unlimited

Redraw facility

Redraw fee: $0

Split interest facility

Loan portability

Repayment holiday available

Allow guarantors

Available for first home buyers

Other benefits

Fees

Total estimated upfront fees

$150

Application fee

$0

Valuation fee

$0

Settlement fee

$150

Other upfront fee

$0

Ongoing fee

$10

Discharge fee

$350

Specials
  • Cashback $2,000 cashback when you refinance your home loan to BOQ
    New loans to BOQ of $250,000 or more with LVR 80%, refinanced from another bank. New refinance applications received from 8 September 2023 that settle within 120 days of the loan application date. Available for owner-occupier and investor home loans with LVR of 80% or less. Offer available on BOQ’s Clear Path, Economy, or Fixed Rate home loan products only T&C apply.

Pros and cons

For Clear Path Variable Rate Home Loan (Principal and Interest) (LVR < 80%)

Benefits

  • Interest rates ranked in the best 20%
  • 100% full offset account
  • Parents can sign as guarantor
  • Extra repayments and redraw facility
  • Free redraw facility
  • Split account option

Drawbacks

  • Ongoing fee
  • Higher than average upfront fee
  • Discharge fee at end of loan
  • No repayment holidays

How to apply

If you'd like to apply for this home loan or just get more information, follow the application process to speak to an BOQ mortgage specialist.

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  • Owner Occupied
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Comparison Rate*

6.14%

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Comparison Rate*

7.24%

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Comparison Rate*

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FAQs

What is the minimum amount you can apply for?

The range you can borrow from this loan is $150k to $99,999,999.

What's the minimum deposit needed for this loan?

This loan option comes with a maximum loan-to-value ratio of 80 percent, which means it requires a minimum deposit of 20 percent

What's the maximum length for this loan?

Bank of Queensland allows you to have this loan for a range of 1 to 30 years.

How often can you make repayments?

Bank of Queensland allows you to make repayments to this loan option through one of the following repayment schedules: fortnightly, monthly, weekly.

How much will the upfront fees be for this loan?

While it could change based on your circumstances, RateCity estimates that this loan option comes with $150 worth of upfront fees.

Does this loan come with a redraw facility?

Yes, this loan comes with a redraw, charged at $0 if you need to use it.

How do you apply for this loan?

To apply for this loan, please contact Bank of Queensland.

Can a broker help me with this loan?

Yes, this Bank of Queensland loan is available through a broker. Find a broker to help you with your needs.