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BOQ Car Loan

This product is not currently available via Finder. Visit the provider's website directly, or compare other options.

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Application Fee
$195
Interest Rate (p.a.)
From 7.39% (fixed)
Comparison Rate (p.a.)
8.19%

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.

In this guide

  • Review
  • Details
    • Product details
  • Your reviews
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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

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1 - 11 of 108
Name Interest Rate (p.a.) Comp. Rate (p.a.) Application Fee Monthly Fee Monthly Repayment
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 siteMore Info
Simplify New Car Loan
Fixed1 - 7 Years $10,000 - $300,000
Interest Rate (p.a.)
6.19%
to 18%
Comp. Rate (p.a.)
6.6%
to 23%
Application Fee
$395
Monthly Fee
$0
Monthly Repayment
$622.21
Go to siteMore Info
Credit Concierge New Car Loan
Fixed1 - 7 Years $10,000 - $100,000
Interest Rate (p.a.)
6.29%
to 16.45%
Comp. Rate (p.a.)
7.41%
to 17.91%
Application Fee
$553
Monthly Fee
$10
Monthly Repayment
$637.97
Go to siteMore Info
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 siteMore Info
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 5.79% p.a. and comparison rates from 6.49% 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 siteMore Info
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.
Credit Concierge Used Car Loan
Fixed1 - 7 Years $10,000 - $1,000,000
Interest Rate (p.a.)
6.8%
to 17.45%
Comp. Rate (p.a.)
7.56%
to 18.91%
Application Fee
$553
Monthly Fee
$10
Monthly Repayment
$642.74
Go to siteMore Info
loans.com.au - New - Variable Rate Special
Variable3 - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
6.24%
to 7.74%
Comp. Rate (p.a.)
7.36%
to 8.85%
Application Fee
$400
Monthly Fee
$8
Monthly Repayment
$630.83
Go to siteMore Info
OurMoneyMarket Used Car Loan - No Vehicle Age Limit
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 siteMore Info
Simplify Used Car Loan
Fixed1 - 7 Years $10,000 - $300,000
Interest Rate (p.a.)
6.19%
to 18%
Comp. Rate (p.a.)
6.6%
to 23%
Application Fee
$395
Monthly Fee
$0
Monthly Repayment
$622.21
Go to siteMore Info
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 siteMore Info
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.
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 siteMore Info
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.
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