BOQ Personal Loan

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Enjoy the flexibility of fee-free early repayments and higher borrowing limits with a Bank of Queensland Personal Loan.

Bank of Queensland allows you to choose either between an unsecured or mortgage-backed personal loan, with both having the option of a variable or fixed rate of interest.

10.99% (fixed)

Interest Rate (p.a.)

11.71%

Comparison Rate (p.a.)

$3,000

Min Loan Amount

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Details

Product NameBOQ Unsecured Fixed Personal Loan
Interest Rate (p.a.)10.99% (fixed)
Comparison Rate (p.a.)11.71%
Interest Rate TypeFixed
Min Loan Amount$3,000
Max. Loan Amount$40,000
Loan SecurityUnsecured

Main points to consider about the Bank of Queensland Personal Loan

This is a standard personal loan which can be used for any worthwhile personal purpose. The loan does not have any particularly special features, but you can borrow larger amounts by securing the loan with your mortgage. An application fee, which is different for the secured and unsecured loans, and a monthly fee of $7.50 applies.

Features of the Bank of Queensland Personal Loan

  • Discounted fixed interest rate. You can also take advantage of a discounted interest rate of 10.99% p.a., a saving of 2% p.a.
  • Variable interest rate. The unsecured loan has a variable interest rate of 12.95% p.a.
  • Mortgage-secured interest rate. This loan comes with a variable rate of 9.54% p.a. and fixed rate of 10.99% p.a.
  • Monthly fees. Both loan options have a monthly maintenance fee of $7.50.
  • Unlimited additional repayments. You are able to make unlimited additional repayments on a variable interest rate loan.
  • No early payout fee. If you are making additional repayments, you will not have to pay a fee for paying off your loan before the original term.
  • Fixed rate interest. Have the security and comfort of knowing what your repayments will be by fixing your interest rate.
  • Loan term options. Loan terms are available from a minimum of 1 year to a maximum of 7 years.
  • Flexible repayment schedule. Repayments can be arranged to match your pay cycle at either weekly, fortnightly or monthly increments.
  • Phone and Internet banking. This provides a convenient way to check your statements and change repayment amounts.
  • Loan amounts. Borrow between $3,000 and $40,000 for unsecured loans and between $5,000 and $50,000 for mortgage-secured loans.

How to apply for a Bank of Queensland Personal Loan

If you decide that this loan is the right one for you, you must apply over the phone or in person at a branch.

Before you apply make sure you are eligible. You must:

  • Be 18 years of age or over
  • Never have been bankrupt
  • Be a permanent Australian resident
  • Earn a regular income

You will also need the following information to apply:

  • Proof of identity
  • Employment details
  • Personal financial details like proof of income and value of assets
  • Details of expenses, other loans and liabilities

The Bank of Queensland Personal Loan is a flexible product with the option to go unsecured or mortgage-secured. Make sure you compare personal loans from other lenders before deciding this product is right for you.

Compare other personal loans

Data updated regularly
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Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment
Symple Loans Personal Loan
From 5.75% (variable)
6.47%
$5,000
1 to 7 years
from 0% to 5% of the loan amount
$10
You'll receive a personalised interest rate from 5.75% p.a. to 25.99% p.a. based on your risk profile
Borrow up to $50,000 to pay for what you need.
Plenti Fixed Rate Personal Loan
From 6.39% (fixed)
6.39%
$2,001
3 to 7 years
From $0 to $999
$0
You'll receive a fixed rate between 6.39% p.a. and 17.89% p.a. based on your risk profile
A flexible loan with amounts from $2,001 and terms starting from 3 years. Interest and comparison rates calculated for a loan term of 5 years.
SocietyOne Unsecured Personal Loan (2-3 years)
From 6.99% (fixed)
6.99%
$5,000
2 to 3 years
from 0% to 5% of the loan amount
$0
You'll receive a fixed rate between 6.99% p.a. and 17.49% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.
SocietyOne Unsecured Personal Loan (5 years)
From 7.99% (fixed)
7.99%
$5,000
5 years
from 0% to 5% of the loan amount
$0
You'll receive a fixed rate between 7.99% p.a. and 19.99% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.
Alex Personal Loan
From 6.95% (fixed)
7.37%
$2,100
6 months to 5 years
$295
$0
You'll receive a fixed interest rate from 6.95% p.a. to 19.99% p.a. based on your risk profile
Borrow between $2,100 and $30,000 from 6 months to 5 years. Benefit from no ongoing fees.
Harmoney Unsecured Personal Loan
From 6.99% (fixed)
7.79%
$2,000
3 to 5 years
$575 ($275 for loans of below $5,000)
$0
You'll receive a fixed rate between 6.99% p.a. and 24.79% p.a. based on your risk profile.
Apply for a loan up to $50,000 and repay your loan over 3 or 5 years terms.
Wisr Personal Loan
From 6.49% (fixed)
6.49%
$5,000
3 to 5 years
Waived $595 Establishment Fee
$0
You'll receive a fixed rate between 6.49% p.a. and 19.95% p.a. based on your risk profile
A loan from $5,000 that charges no fees for extra or early repayments. Keep in mind security is required in some cases.

⭐Finder Exclusive: Establishment fee is waived for all applications submitted before 28 February 2021. Limited to the first 200 settled loans.

CUA Unsecured Fixed Rate Personal Loan
9.39% (fixed)
9.64%
$5,000
1 to 7 years
$175
$0
You'll receive a fixed rate of 9.39% p.a.
An unsecured loan from $5,000 with flexible repayments and no monthly fee.
Latitude Personal Loan (Unsecured)
From 7.99% (fixed)
9.24%
$3,000
1 to 7 years
$250 (Loans under $5000 - $140)
$13
You'll receive a fixed rate between 7.99% p.a. and 22.99% p.a. based on your risk profile
Apply for what you need from $3,000 and use it for a range of purposes. Repay weekly, fortnightly or monthly. You can check your interest rate before applying with no impact to your credit score.
NAB Personal Loan Unsecured Fixed
From 9.99% (fixed)
10.88%
$5,000
1 to 7 years
$0 (waived)
$10
You'll receive a fixed rate between 9.99% p.a. and 18.99% p.a. ( 10.88% p.a. to 19.83% p.a. comparison rate) based on your risk profile
An unsecured loan up to $55,000 you can use for a range of purposes and pay off over up to 7 years. Note: Majority of customers will get the headline rate of 12.69% p.a. (13.56% p.a. comparison rate) or less. See Comparison rate warning in (i) above. Application fee of $150 waived off for applications submitted by 31 March 2021.
OurMoneyMarket Personal Loan
From 6.75% (fixed)
6.96%
$2,001
1 to 7 years
1.5–6% of your total loan amount
$0
You'll receive a fixed rate from 6.75% p.a. to 20.99% p.a. based on your risk profile
A personalised loan from $2,001 to $75,000 that varies based on your credit history and financial situation.
Plenti Variable Rate Personal Loan
From 6.39% (variable)
6.39%
$2,001
1 to 3 years
From $0 to $999
$0
You'll receive a variable rate from 6.39% p.a and 16.89% p.a. based on your risk profile
A flexible loan with amounts from $2,001 and terms starting from 12 months. Benefit from transparent costs and a rate estimate before you apply.
Pepper Money No Fee Personal Loan
From 6.95% (fixed)
6.95%
$5,000
18 months to 7 years
$0
$0
You'll receive a fixed rate between 6.95% p.a. and 17.95% p.a. based on your risk profile
Borrow from $5,000 to $40,000 and use for a range of purposes. Pay no upfront, early repayment or ongoing fees.
CUA Unsecured Variable Personal Loan
11.89% (variable)
12.15%
$5,000
1 to 7 years
$175
$0
You'll receive a variable rate of 11.89% p.a.
Borrow from $5,000 with the option for flexible repayments and no monthly fees.
NAB Personal Loan Unsecured Variable Rate
From 9.99% (variable)
10.88%
$5,000
1 to 7 years
$0 (waived)
$10
You'll receive a variable rate between 9.99% p.a. and 18.99% p.a. ( 10.88% p.a. to 19.83% p.a. comparison rate) based on your risk profile
An unsecured loan up to $55,000 you can use for a range of purposes. Benefit from fee-free additional repayments and a redraw facility. Note: Majority of customers will get the headline rate of 12.69% p.a. (13.56% p.a. comparison rate) or less. See Comparison rate warning in (i) above. Application fee of $150 waived off for applications submitted by 31 March 2021.
NOW Finance No Fee Unsecured Personal Loan
From 5.95% (fixed)
5.95%
$5,000
18 months to 7 years
$0
$0
You'll receive a fixed rate between 5.95% p.a. and 17.95% p.a. based on your risk profile
Borrow from $5,000 to $7,999 with loan terms between 18 months and 3 years or borrow $8,000 to $50,000 with loan terms between 18 months and 7 years.
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Compare up to 4 providers

Personal Loan Offers

Important Information*
Logo for Harmoney Unsecured Personal Loan
Harmoney Unsecured Personal Loan

You'll receive a fixed rate between 6.99% p.a. and 24.79% p.a. based on your risk profile.
Apply for a loan up to $50,000 and repay your loan over 3 or 5 years terms.

Logo for ANZ Fixed Rate Personal Loan
ANZ Fixed Rate Personal Loan

You'll receive a fixed rate of 10.5% p.a.
Apply for up to $50,000 to use for a variety of purposes without needing to add security. Available to self-employed applicants. Note: These rates are available until 31 March 2021. Credit, eligibility criteria and terms & conditions apply.

Logo for NAB Personal Loan Unsecured Fixed
NAB Personal Loan Unsecured Fixed

You'll receive a fixed rate between 9.99% p.a. and 18.99% p.a. ( 10.88% p.a. to 19.83% p.a. comparison rate) based on your risk profile
An unsecured loan up to $55,000 you can use for a range of purposes and pay off over up to 7 years. Note: Majority of customers will get the headline rate of 12.69% p.a. (13.56% p.a. comparison rate) or less. See Comparison rate warning in (i) above. Application fee of $150 waived off for applications submitted by 31 March 2021.

Logo for SocietyOne Unsecured Personal Loan
SocietyOne Unsecured Personal Loan

You'll receive a fixed rate between 6.99% p.a. and 20.49% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.

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2 Comments

    Default Gravatar
    Marjorie
    May 18, 2017

    What are the requirements to apply for a personal loan of $50000.00 secured against the mortgage for home renovations?

      Avatarfinder Customer Care
      May
      May 18, 2017

      Hi Marjorie,

      Thank you for your inquiry.

      The eligibility criteria and requirements typically differ from one lender to another. But basically, they would need your income details, employment information, personal identification, asset and liability details, credit history, among others.

      If you wish to check or discuss your options and eligibility, please read through our page about secured personal loans.

      Please make sure that you have read the relevant T&Cs or PDS of the loan products before making a decision. Moreover, check the eligibility requirements as well and consider whether the product is right for you.

      Also if you can, contact first the lender and discuss your options and chances of approval before you send anything final for your application.

      I hope this helps.

      Cheers,
      May

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