RateCity.com.au
Advertisement

Mortgage Secured Personal Loan

Customise your loan summary by entering your details:

I want to borrow

Loan Term

years

Repayment Frequency

Pros:
  • No early exit penalty
  • Can apply in branch
Cons:
  • Monthly fee charged
  • Application fee charged
  • Requires security to be held
  • Cannot apply online

Details & Fees

New Car
New Car
Used Car
Used Car
Motorcycle
Motorcycle
Boat
Boat
Student Loan
Student Loan
Debt Consolidation
Debt Consolidation
Renovation
Renovation
Shares
Shares
Holidays
Holidays
Medical Bill
Medical Bill
Wedding
Wedding
Upfront Fee
Upfront Fee
$195
Ongoing Fee
Ongoing Fee
$7.5 monthly
Early Exit Penalty Fee
Early Exit Penalty Fee
$0
Missed Payment Penalty
Missed Payment Penalty$0
Redraw Activation Fee
Redraw Activation FeeN/A
Repayment Type
Repayment Type
Variable
Loan Type
Loan Type
Secured
Secured by vehicle
Secured by vehicle
Secured by property
Secured by property
Security by bank deposits
Security by bank deposits
Redraw Facility
Redraw Facility
Extra Repayments
Extra Repayments
Line of Credit
Line of Credit
New Car
New Car
Used Car
Used Car
Motorcycle
Motorcycle
Boat
Boat
Student Loan
Student Loan
Debt Consolidation
Debt Consolidation
Renovation
Renovation
Shares
Shares
Holidays
Holidays
Medical Bill
Medical Bill
Wedding
Wedding
Upfront Fee
Upfront Fee
$195
Ongoing Fee
Ongoing Fee
$7.5 monthly
Early Exit Penalty Fee
Early Exit Penalty Fee
$0
Missed Payment Penalty
Missed Payment Penalty$0
Redraw Activation Fee
Redraw Activation FeeN/A
Repayment Type
Repayment Type
Variable
Loan Type
Loan Type
Secured
Secured by vehicle
Secured by vehicle
Secured by property
Secured by property
Security by bank deposits
Security by bank deposits
Redraw Facility
Redraw Facility
Extra Repayments
Extra Repayments
Line of Credit
Line of Credit

About BOQ

BOQ (Bank of Queensland) is an Australian bank that has been publicly listed since 1971. They offer a variety of products including personal loans. If you want to check if you can afford a BOQ personal loan you should use a personal loan calculator.

BOQ provides branch access to customers across Australia as well as internet banking and phone services. They offer unsecured personal loans at both fixed and variable rates as well as a personal loan that can be secured against your mortgage. The minimum amount for these personal loans is $3000 and there is a maximum amount of between $40,000 to $50,000 depending on the loan type.

Features of a BOQ personal loan

BOQ offers different personal loan products, however, they do have some features in common. For example, the minimum borrowing amount across all loan is $3000. All BOQ personal loans also charge an upfront fee as well as a monthly ongoing fee. The loans can be taken out across a loan term range of one to seven years.

In regards to features, all BOQ personal loans allow extra repayments without penalty which can help reduce the total amount of interest charged on the loan over time. The loans also have a flexible repayment schedule and can be repaid on a weekly, fortnightly or monthly schedule depending on the borrower’s preference. If you do manage to pay out your BOQ personal loan early there is no penalty fee charged.

Compare your product with the big 4 banks, or add more products to compare