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Bank Of Queensland Home Loans

Explore Bank of Queensland (BOQ) home loans rates and find a mortgage that suits your needs

Richard Whitten
Richard Whitten

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BOQ

Find essential information about Bank of Queensland home loans on this page. Skip ahead to the full table of products or read more about Bank of Queensland home loans below.

Compare Bank of Queensland home loans

Rates last updated November 22nd, 2019
$
Loan purpose
Offset account
Loan type
Repayment type
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Name Product Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment Short Description
Bank of Queensland Fixed Rate Home Loan - 3 Year Discount Rate $300k+ LVR <=80% (Owner Occupier, P&I)
Bank of Queensland Fixed Rate Home Loan - 3 Year Discount Rate $300k+ LVR <=80% (Owner Occupier, P&I)
2.99%
3.72%
$300
$10 monthly ($120 p.a.)
80%
Get a fixed rate for three years and an offset account. Available with a low deposit.
More info
Bank of Queensland 2 Year Intro Rate Variable Home Loan - (Investor, P&I)
Bank of Queensland 2 Year Intro Rate Variable Home Loan - (Investor, P&I)
3.49%
4.06%
$0
$10 monthly ($120 p.a.)
90%
Investors can get a low variable rate loan that's available with a 10% deposit. 100% offset account attached.
More info
Bank of Queensland Fixed Rate Home Loan - 2 Year Fixed Rate Discount Rate $150k+ 80% LVR (Investor, P&I)
Bank of Queensland Fixed Rate Home Loan - 2 Year Fixed Rate Discount Rate $150k+ 80% LVR (Investor, P&I)
3.44%
4.07%
$300
$10 monthly ($120 p.a.)
80%
A flexible, competitive fixed rate loan that allows for extra repayments.
More info

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Bank of Queensland lender profile

  • With more 270 branches across Australia, BOQ has been doing business since 1874.
  • BOQ is a leading regional bank that is not owned by any of the Big Four banks.
  • BOQ is completely independent and offers a range of personal banking products and services.

Bank of Queensland mortgage features

Bank of Queensland fer fixed and variable rates for investors and owner occupiers, with basic and package offers.

FeatureDetails
Deposit sizeSome of Bank of Queensland's home loans let you borrow up to 95%.
Package benefitsThe Bank of Queensland privileges package lets you combine a mortgages with an offset account, credit card, transaction account and other BOQ products.
Offset accountSome Bank of Queensland mortgages come with a 100% offset account, depending on the product and your borrowing situation.
Redraw facilitySome of BOQ's home loans like the Bank of Queensland Economy Home Loan (owner occupier)
 come with a redraw facility.

How do I apply for a Bank of Queensland mortgage?

You can learn more about a specific Bank of Queensland mortgage by clicking through to that product's review page. Clicking the Enquire Now button will let you enter your details and start the process of talking to a Bank of Queensland lending specialist.

Eligibility

Each Bank of Queensland product have specific eligibility criteria but some will apply to all products. For example:

  • Age. You must be over 18 years of age.
  • Residency. You should be a resident of Australia.
  • Employment. You should have a regular source of income.

Documents required

When you apply for a mortgage with Bank of Queensland you are required to provide certain information so make sure you have all your documents ready before you apply. The documents you will be expected to provide are:

  • Identification documents. You will need identification such as a driver's license, passport or birth certificate.
  • Proof of income documents. Recent payslips can establish your income.
  • Asset and liability documents. You need to provide documents showing your current assets (savings accounts, investments) and liabilities (your outstanding debt).

Detailed guide to home loan applications and paperwork

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Home Loan Offers

Important Information*
Logo for UBank UHomeLoan Variable Rate - Discount offer for Owner Occupiers, P&I Borrowing over $200,000
UBank UHomeLoan Variable Rate - Discount offer for Owner Occupiers, P&I Borrowing over $200,000

Take advantage of a low-fee mortgage with a special interest rate of just 2.84% p.a. and a 2.84% p.a. comparison rate.

More info
Logo for Athena Variable Home Loan - Refinance (Owner Occupier, P&I)
Athena Variable Home Loan - Refinance (Owner Occupier, P&I)

Owner occupiers looking to refinance can get one of the lowest rates in the market with this variable rate mortgage. $0 application fee and $0 ongoing fees. Refinancers only.

More info
Logo for Virgin Reward Me Fixed Rate Home Loan - 2 Year $300k+ Special offer (Owner Occupier, P&I)
Virgin Reward Me Fixed Rate Home Loan - 2 Year $300k+ Special offer (Owner Occupier, P&I)

Buy your home and lock in a low rate for the first two years. Available with a 10% deposit. Earn Velocity Frequent Flyer Points at settlement, monthly and every three years, plus extra bonus points for a limited time.

More info

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30 Responses

  1. Default Gravatar
    carlieMarch 26, 2017

    Hi i would like to know if you offer indigenous home loans?

    Reply
    • Avatarfinder Customer Care
      MayMarch 26, 2017Staff

      Hi Carlie,

      Thank you for your question and for contacting finder.com.au – we are a financial comparison website and general information service we are not mortgage specialists so can only offer general advice.

      If you want to know the lenders that offer Indigenous Home Loans, please refer to our guide on this page.

      Hope this helps.

      Cheers,
      May

      Reply
  2. Default Gravatar
    JanaApril 6, 2016

    Hello,
    I would like to apply for vacant land loan.
    Could you please let me know if you offer such a loan and if yes how can I apply?
    Thanks

    Reply
    • Avatarfinder Customer Care
      BelindaApril 7, 2016Staff

      Hi Jana,

      Thanks for reaching out.

      finder.com.au is an online comparison service so we are not a lender and we don’t provide loans ourselves. However, you can learn more about vacant home loans on this page.

      Please keep in mind that these types of loan typically have a lower loan-to-value (LVR) ratio due to the conservative approach that lenders have for vacant land loans.

      If you’d like to discuss your eligibility for a vacant land home loan, please get in touch with a mortgage broker to discuss your options.

      All the best,
      Belinda

      Reply
  3. Default Gravatar
    RachelMarch 1, 2016

    I am looking for a land loan. Could you point me in the direction with information.
    Thank you

    Reply
    • Avatarfinder Customer Care
      BelindaMarch 2, 2016Staff

      Hi Rachel,

      Thanks for getting in touch.

      You might be interested to read our page about vacant land home loans and you can compare a range of construction loans on this page.

      Keep in mind that lenders often take a conservative approach towards vacant land and construction home loans and they may offer a lower maximum LVR compared to traditional home loans. As a result, you may need to complete a larger deposit in order to be approved.

      All the best,
      Belinda

      Reply
  4. Default Gravatar
    EDFebruary 7, 2016

    Hi,

    I’m looking for a suitable home loan as a first home buyer. Would a broker get a better deal if I use one or I can get the same deal if I do it myself direct to the bank?

    Regards

    Reply
    • Avatarfinder Customer Care
      MarcFebruary 8, 2016Staff

      Hi Ed,
      thanks for the question.

      Brokers can sometimes get access to special broker only rates, but on the flip side, some online lenders only deal with consumers, not brokers. It might be a good idea to compare rates and see what deals are available and then speak to a broker once you’re aware of the rates on offer. This way you can be sure you get the best deal for you.

      I hope this helps,
      Marc.

      Reply
  5. Default Gravatar
    LeeJune 30, 2015

    hi
    could you kindly advise if i would be able to apply today for the 3.99% fixed for 3 years mortgage amount 399,000 house value 550,000
    Closest lender is Maquarie @4.1%

    Reply
    • Default Gravatar
      JodieJune 30, 2015

      Hi Lee,

      Thank you for your comment.

      You have reached finder.com.au which is a financial comparison website, please click on the “Go to site” button above in order to contact Bank of Queensland directly. But please note that their special offer on their 3 years fixed rate ends tonight, 30th June 2015, so if you would like to take advantage of the current interest rate you will need to apply today.

      Regards
      Jodie

      Reply
  6. Default Gravatar
    TracyMay 26, 2015

    Hi!Im a casual employee, working 32 hrs a week currently renting and nearly finishing our lease.Is it possible for me to apply for home loan?I don’t have any savings but my husband have investments.He is not working,just me.Can we like do joint home loan?

    Reply
    • Avatarfinder Customer Care
      BelindaJune 1, 2015Staff

      Hi Tracy,

      Thanks for your enquiry.

      Many lenders offer home loans for casual workers, you can find a list of brokers on this page.

      Depending on the lender, it should be possible for you to carry out a joint application.

      Thanks,
      Belinda

      Reply
  7. Default Gravatar
    CraigMay 2, 2015

    Hello our son 22 and daughter 21 would like to purchase a home on the Gold Coast for about $475000 we are going to help them pay out their credit cards and personal loans which are small amounts with Com bank, and give them a large deposit, I believe there is a clause on gifts from parents trying to help ?

    Kind regards

    Craig

    Reply
    • Avatarfinder Customer Care
      BelindaMay 5, 2015Staff

      Hi Craig,

      Thanks for your question.

      In some cases, lenders, such as Bank of Queensland (BOQ) accept non-refundable gifts to go towards a deposit. However, BOQ will treat each application on a case-by-case basis so you will need to get in touch with BOQ directly to discuss your children’s application.

      I hope you find this useful.

      Thanks,
      Belinda

      Reply
  8. Default Gravatar
    ColinFebruary 16, 2015

    what are the new interest rates after the last interest rate drop?

    Reply
    • Avatarfinder Customer Care
      ShirleyFebruary 17, 2015Staff

      Hi Colin,

      Thanks for your question.

      Bank of Queensland have announced that they will pass a -0.25% cut of their SVR, effective from February 24, 2015. At the time of writing the SVR is 6.01% p.a.

      Cheers,
      Shirley

      Reply
  9. Default Gravatar
    RetiredDecember 30, 2014

    Does the bank do a part purchase of a property?

    Reply
    • Avatarfinder Customer Care
      ShirleyDecember 30, 2014Staff

      Hi Retired,

      Thanks for your question.

      Yes Bank of Queensland can facilitate a part purchase of a property. Please get in touch with them directly to discuss what options are available to you.

      Cheers,
      Shirley

      Reply
  10. Default Gravatar
    JulesOctober 28, 2014

    My mother aged 70yrs is moving to Australia from NZ. She will bring with her $300K for a new home but will be about $50k short. She is on NZ Superannuation and qualifies for the aged pension here (approx $870 fortnight). Would she qualify for a home loan for the shortfall or would her age prevent this?

    Reply
    • Avatarfinder Customer Care
      ShirleyOctober 29, 2014Staff

      Hi Jules,

      Thanks for your question.

      These types of applications are handled on a case by case basis, so it’s best to get in touch with BoQ directly to enquire about your mother’s eligibility. BoQ will look at your mother’s situation and assess her against their lending criteria.

      Cheers,
      Shirley

      Reply
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