Bank Of Queensland Fixed Rate Home Loan

Take advantage of a flexible fixed rate home loan with the BOQ Fixed Rate Home Loan

Bank of Queensland's Fixed Rate Home Loan has something for almost every borrower, with rates for investors and home buyers, plus interest only options. Choose a short term fixed rate of just one year, and be afforded the additional benefit of an offset account to help pay off your interest quicker.

Interest Rate Max Insured LVR Max LVR
1 Year Fixed Rate (Investor, IO)
4.29% p.a.
Comparison Rate
5.41% p.a.
80% 80%
Interest Prepaid 1 Year Fixed (Investor)
4.09% p.a.
Comparison Rate
5.28% p.a.
90% 80%
1 Year Fixed Rate Discount Rate $150k+ (Owner Occupier, P&I)
3.64% p.a.
Comparison Rate
4.63% p.a.
90% 80%
1 Year Fixed Rate (Owner Occupier, P&I)
4.09% p.a.
Comparison Rate
4.67% p.a.
90% 80%
1 Year Fixed Rate (Investor, P&I)
4.19% p.a.
Comparison Rate
5.40% p.a.
80% 80%
1 Year Fixed Rate (Owner Occupier, IO)
4.19% p.a.
Comparison Rate
4.68% p.a.
90% 80%
2 Year Fixed Rate Discount Rate $150k+ <80% LVR (Owner Occupier, P&I)
3.59% p.a.
Comparison Rate
4.54% p.a.
90% 80%
2 Year Fixed Rate Discount Rate $150k+ <80% LVR (Investor, P&I)
3.89% p.a.
Comparison Rate
5.24% p.a.
80% 80%
2 Year Fixed Rate (Owner Occupier, IO)
4.29% p.a.
Comparison Rate
4.66% p.a.
90% 80%
2 Year Fixed Rate (Investor, IO)
4.39% p.a.
Comparison Rate
5.33% p.a.
80% 80%
2 Year Fixed Rate (Owner Occupier, P&I)
4.19% p.a.
Comparison Rate
4.65% p.a.
90% 80%
2 Year Fixed Rate (Investor, P&I)
4.29% p.a.
Comparison Rate
5.31% p.a.
80% 80%
3 Year Fixed Rate Discount Rate $150k+ <80% LVR (Investor, IO)
4.09% p.a.
Comparison Rate
5.17% p.a.
80% 80%
3 Year Fixed Rate Discount Rate $150k+ <80% LVR (Investor, P&I)
3.89% p.a.
Comparison Rate
5.12% p.a.
80% 80%
3 Year Fixed Rate Discount Rate $150k+ <90% LVR (Owner Occupier, P&I)
3.69% p.a.
Comparison Rate
4.48% p.a.
90% 80%
3 Year Fixed Rate (Owner Occupier, P&I)
4.29% p.a.
Comparison Rate
4.64% p.a.
90% 80%
3 Year Fixed Rate (Owner Occupier, IO)
4.39% p.a.
Comparison Rate
4.67% p.a.
90% 80%
3 Year Fixed Rate (Investor, IO)
4.49% p.a.
Comparison Rate
5.28% p.a.
80% 80%
3 Year Fixed Rate (Investor, P&I)
4.39% p.a.
Comparison Rate
5.25% p.a.
80% 80%
4 Year Fixed Rate (Owner Occupier, P&I)
4.39% p.a.
Comparison Rate
4.65% p.a.
90% 80%
4 Year Fixed Rate (Owner Occupier, IO)
4.49% p.a.
Comparison Rate
4.69% p.a.
90% 80%
4 Year Fixed Rate (Investor, P&I)
4.49% p.a.
Comparison Rate
5.21% p.a.
80% 80%
4 Year Fixed Rate (Investor, IO)
4.59% p.a.
Comparison Rate
5.25% p.a.
80% 80%
5 Year Fixed Rate Discount Rate $150k+ <80% LVR (Investor, IO)
4.19% p.a.
Comparison Rate
5.03% p.a.
80% 80%
5 Year Fixed Rate Discount Rate $150k+ <80% LVR (Investor, P&I)
4.09% p.a.
Comparison Rate
4.98% p.a.
90% 80%
5 Year Fixed Rate Discount Rate $150k+ (Owner Occupier, P&I)
3.99% p.a.
Comparison Rate
4.48% p.a.
90% 80%
5 Year Fixed Rate (Investor, IO)
4.69% p.a.
Comparison Rate
5.23% p.a.
80% 80%
5 Year Fixed Rate (Investor, P&I)
4.59% p.a.
Comparison Rate
5.19% p.a.
80% 80%
5 Year Fixed Rate (Owner Occupier, IO)
4.59% p.a.
Comparison Rate
4.73% p.a.
90% 80%
5 Year Fixed Rate (Owner Occupier, P&I)
4.49% p.a.
Comparison Rate
4.68% p.a.
90% 80%
Product NameBank of Queensland Fixed Rate Home Loan
Interest Rate TypeFixed
Comp Rate^ (p.a.)
Maximum Loan Term30 years
Maximum LVR80%
Maximum Insured LVR90%
Mortgage Offset AccountYes
Mortgage 100% OffsetYes
Loan Redraw FacilityNo
Loan PortableYes
Suitable for InvestmentYes
Extra RepaymentYes
Available as equity loan/line of creditNo
Repayment TypePrincipal & Interest and Interest Only Options
Application Fee$300
Lender's Legal Fee$350
Valuation Fee$0
Ongoing Fees$10 monthly ($120 p.a.)
Settlement Fee$150
Discharge Fee$320

Pros

  • 100% offset account for those who fix for one year
  • Interest only options available
  • Low deposit options available

Cons

  • Application fee of $300
  • Settlement fee of $150
  • Monthly fee of $10

What do I need to know about the BOQ Fixed Rate Home Loan?

Bank of Queensland's Fixed Rate Home Loan has options for home buyers and investors. Once the fixed rate period ends, the home loan interest reverts to the variable rate.

Some rates are heavily discounted. Some one year terms come with an offset account.

What are the features of the BOQ Fixed Rate Home Loan?

  • Loan-to-Value Ratio (LVR). Depending on the rate type, you can borrow up to 90% of the value of the property for investment purposes or as an owner-occupier. You may be required to pay Lender’s Mortgage Insurance (LMI) if your loan is more than 80% of the property’s value.
  • Loan terms. This is a 30-year home loan, although the fixed terms you can choose from range from one to five years.
  • Repayment frequency. Choose from weekly, fortnightly or monthly repayments. Pick the option that coincides with your salary payment to ensure the repayment funds are always there.
  • Repayment types. Principal and interest repayments are allowed, where interest-only repayments are limited to five years and are subject to approval. You may also make additional repayments of up to $5,000 a year.
  • 100 % offset account. This is offered only to customers who have chosen the one year fixed rate term.

What fees come with this loan?

  • Application fee. $300 There is a $300 charge payable to the bank for the cost of the preparation of you loan documentation.
  • Settlement fee. $150. This is charged when you complete settlement.
  • Monthly fees. $10 a month. This fee is charged for the maintenance of your accounts.
  • Break cost fees. Amount varies. These fees are only charged if you pay off the loan before the terms expire. They will be based on the amount of interest you would have paid to the bank.
  • Rate lock fees. 0.15% of the loan amount. A rate lock eliminates the risk of you receiving a higher interest rate in the time it takes your loan to settle. This costs 0.15% of the approved loan amount and covers you for 100 days from the date your loan request is processed.

How do I apply for the BOQ Fixed Rate Home Loan?

If you would like to apply for BOQ Fixed Rate Home Loan, click ‘Go to Site’ and you will be securely directed to a loan enquiry page with the Bank of Queensland. From here, you’ll be able to get in touch with a bank representative to discuss your loan options.

Before you can begin an application for a BOQ home loan, you will be asked if you meet certain eligibility requirements:

  • Driver’s license. You will need to be able to present photo identification along with another form of ID.
  • Income documents. You will need to be able to produce proof of income, either in the form of pay slips or tax returns. If self-employed you will be asked for profit and loss statements.

You will be asked to provide your contact information along with your employment type. In addition, Bank of Queensland will want a phone number and time that is best for a representative to reach you. Be sure to include the state that you are in to allow for any time differences.

Was this content helpful to you? No  Yes

Related Posts

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.

2 Responses

  1. Default Gravatar
    AllenSeptember 4, 2015

    Hello, I am inquiring on how much i can borrow to purchase a home thanks.Allen ward

    • Avatarfinder Customer Care
      BelindaSeptember 4, 2015Staff

      Hi Allen,

      Thanks for your enquiry.

      If you’re thinking of applying for a home loan with the Bank of Queensland (BOQ), they typically allow you to borrow between 80-95% loan-to-value-ratio (LVR) depending on the loan type.

      Keep in mind that if you borrow more than 80% LVR, you will generally need to pay Lender’s Mortgage Insurance (LMI) so it’s advisable that you try to at least complete a 20% deposit.

      If you’d like to apply for a BOQ loan, then you can click on the ‘go to site’ button at the top of this page to be redirected to their website.

      Thanks,
      Belinda

Bank of Queensland Fixed Rate Home Loan

  • Interest Rate

    N/A

  • Comparison Rate

    N/A

  • App Fee / Annual Service Fee

    $300 / $10

  • Max LVR

    80%

Ask a question
Go to site