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Summary

With competitive rates and flexible options, BOQ gives you more ways to save on a new car purchase.

The BOQ Car Loan is no longer available. This page has been kept for historical purposes and will be updated as necessary.

This car loan from BOQ offers flexible features to help you purchase a new car. You can choose a fixed or variable rate depending on which works better for you, make extra repayments if you're able to and repay the whole loan early without penalty.

Find out more about this loan and if it's right for you in this review.

Details

Product details

Product Name	BOQ Car Loan
Interest Rate (p.a.)	7.39%
Comp. Rate (p.a.)	8.19%
Interest Rate Type	Fixed
Min Loan Amount	$5,000

The BOQ Car Loan is no longer available. This page has been kept for historical purposes and will be updated as necessary.

Main points to consider with a car loan from BOQ

A car loan from BOQ can come with either a fixed or variable rate. Fixed rates are a competitive 7.39% p.a. and variable rates are currently 11% p.a. You can apply for a loan starting from $5,000 depending on the price of the vehicle. The maximum loan term is 7 years.

A $195 application fee applies as well as a $7.50 monthly maintenance fee.

Features of a BOQ Car Loan

Loan amount. How much you can borrow is tied to the value of the vehicle you want to buy. The minimum loan amount is $5,000 and you can borrow 100% of the car's purchase price if you buy from the dealer. You can borrow up to 90% of car's price if you purchase the car through a private sale.
Fixed or variable rate. The loan can come with a fixed or variable rate. The fixed rate is 7.39% p.a. and variable rate is 11% p.a.
Loan term. You can select loan terms of between 1 year and 7 years.
Additional and early repayments. You won't be penalised for making additional repayments or repaying the loan early.
Schedule your own repayment plan. Choose from weekly, fortnightly and monthly repayment options to find a schedule that works for you.
Manage your loan anywhere. Get easy access to manage your car loan online or over the phone with Internet banking and EasyPhone Banking access (excluding withdrawals, transfers and BPAY).

Fees and charges to consider

It is important to note that there are a wide variety of car loan options from BOQ, and depending on which you choose there may be additional costs or discounts.

The following fees will apply:

Application fee of $195
Monthly maintenance fee of $7.50.

How to apply for a BOQ Car Loan

To start the application process click on the "Go To Site" button above. This will take you to the Bank of Queensland website where you can get started.

The following eligibility criteria may apply:

You are at least 18 years old
You need a loan of $5,000 or more
You are an Australian citizen or permanent resident
You have never been bankrupt
You earn a regular income

Before getting started, you will also need:

Proof of your identity
Information regarding your employment
Evidence of income and current assets
Your expenses and liabilities

The ideal lender for your situation is likely one that has the range of options you need to personalise your car loan, and delivers straightforward competitive rates. Remember to compare a range of car loan options to find the right one for your needs, and get financing that works for you.

Compare car loan providers

1 - 13 of 13

Name	Interest Rate (p.a.)	Comp. Rate (p.a.)	Application Fee	Monthly Fee	Monthly Repayment
OurMoneyMarket Car Loan - Excellent Credit ExclusiveFixed1 - 7 Years $2,001 - $75,000	Interest Rate (p.a.) 6.57% to 18.99%	Comp. Rate (p.a.) 6.57% to 21.78%	Application Fee $0	Monthly Fee $0	Monthly Repayment $613.62	Go to site More Info Compare	Finder Exclusive: Apply by November 30th 2023 and if approved, OurMoneyMarket will waive the establishment fee for Excellent Credit Customers.
OurMoneyMarket New Car Loan Fixed1 - 7 Years $2,001 - $75,000	Interest Rate (p.a.) 6.57% to 18.99%	Comp. Rate (p.a.) 7.19% to 21.78%	Application Fee $250 min.	Monthly Fee $0	Monthly Repayment $622.82	Go to site More Info Compare
loans.com.au - New - Fixed Rate Special Fixed3 - 7 Years $5,000 - $150,000	Interest Rate (p.a.) 6.79%	Comp. Rate (p.a.) 7.91%	Application Fee $400	Monthly Fee $8	Monthly Repayment $635.94	Go to site More Info Compare	You'll receive a fixed rate of 6.79% p.a. based on your risk profile Finance a new car and benefit from features such as fast approval, no ongoing fees and an optional balloon payment.
CarMoney New Car Loan ExclusiveFixed18 Months - 7 Years $5,000 - $150,000	Interest Rate (p.a.) 6.89% to 15.09%	Comp. Rate (p.a.) 8% to 16.16%	Application Fee $400	Monthly Fee $8	Monthly Repayment $636.87	Go to site More Info Compare	Finder Exclusive: Apply for and settle a car loan and get a $200 cashback. Limited time offer. Terms and conditions apply.
NRMA New Car Loan Fixed1 - 7 Years $5,000 - $130,000	Interest Rate (p.a.) 7.29% to 16.99%	Comp. Rate (p.a.) 8% to 17.77%	Application Fee $499	Monthly Fee $0	Monthly Repayment $635.67	Go to site More Info Compare	Note: Take out a loan for an eligible electric vehicle and receive a 1.5% discount on your personalised interest rate (interest rates start from 5.49% p.a. and comparison rates from 6.19% p.a.)
RACV New Car Loans Fixed1 - 7 Years $5,000 - $150,000	Interest Rate (p.a.) 7.29% to 16.99%	Comp. Rate (p.a.) 8% to 17.77%	Application Fee $499	Monthly Fee $0	Monthly Repayment $635.67	Go to site More Info Compare	You'll receive a fixed rate from 7.29% p.a. A larger loan of $5,000 or more to help you buy a new or used car. 5-hour pre approval available and no ongoing fees.
loans.com.au - New - Variable Rate Special Variable3 - 7 Years $5,000 - $150,000	Interest Rate (p.a.) 6.24%	Comp. Rate (p.a.) 7.36%	Application Fee $400	Monthly Fee $8	Monthly Repayment $630.83	Go to site More Info Compare
CarMoney Used Car Loan Fixed18 Months - 7 Years $5,000 - $150,000	Interest Rate (p.a.) 6.2% to 15.75%	Comp. Rate (p.a.) 6.71% to 16.18%	Application Fee $399	Monthly Fee $0	Monthly Repayment $622.43	Go to site More Info Compare
RACV Used Car Loans Fixed1 - 7 Years $5,000 - $150,000	Interest Rate (p.a.) 8.49% to 16.99%	Comp. Rate (p.a.) 9.21% to 17.77%	Application Fee $499	Monthly Fee $0	Monthly Repayment $647.01	Go to site More Info Compare	You'll receive a fixed rate from 8.49% p.a. Benefit from no ongoing fees, 5-hour approval and a 21-day satisfaction guarantee. Interest rate discounts for members.
NRMA Used Car Loan Fixed1 - 7 Years $5,000 - $130,000	Interest Rate (p.a.) 8.49% to 16.99%	Comp. Rate (p.a.) 9.21% to 17.77%	Application Fee $499	Monthly Fee $0	Monthly Repayment $647.01	Go to site More Info Compare	You'll receive a fixed rate from 8.49% p.a. Finance a used car with NRMA and benefit from a fixed rate term and no monthly fees. Pre-approval available within 5 business hours.
Great Southern Bank Fixed Rate Car Loan Fixed1 - 7 Years $5,000 - $100,000	Interest Rate (p.a.) 6.49% to 15.04%	Comp. Rate (p.a.) 6.86% to 15.44%	Application Fee $265	Monthly Fee $0	Monthly Repayment $621.01	Go to site More Info Compare	You'll receive a fixed rate of 6.49% p.a. A secured loan with a high maximum borrowing amount up to $100,000. Redraw facility and no monthly fees.
Stratton Finance New Car Loan Fixed1 - 7 Years $10,000 - $300,000	Interest Rate (p.a.) 6.29% to 18%	Comp. Rate (p.a.) 6.72% to 23%	Application Fee $395	Monthly Fee $0	Monthly Repayment $623.14	Go to site More Info Compare	You'll receive a fixed rate from 6.29% p.a. depending on the lender you are approved with. Apply for up to $300,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.
Stratton Finance Used Car Loan Fixed1 - 7 Years $10,000 - $300,000	Interest Rate (p.a.) 7.05% to 18%	Comp. Rate (p.a.) 8.36% to 23%	Application Fee $482	Monthly Fee $8.90	Monthly Repayment $641.79	Go to site More Info Compare	You'll receive a fixed rate loan from 7.05% p.a. with a comparison rate of 8.36% p.a. A used car loan of up to $300,000 with quick approval times and balloon payment options.

Showing 13 of 13 results

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