BOQ

Bank of Queensland home loans

Bank of Queensland (BOQ) has home loans for owner-occupiers and investors. Compare rates from 1.99%.

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Bank of Queensland is one of Australia's larger banks. It owns several smaller lenders. BOQ offers a large range of fixed and variable rate loans. Check out the full table of Bank of Queensland products below or read more about the lender and its loans.

Compare Bank of Queensland home loans for September 2021

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$
years
Name Product Interest Rate (p.a.) Comp. Rate (p.a.) Fees Monthly Payment

Bank of Queensland Fixed Rate Home Loan P&IHome 2Y Fixed≥ 20% Deposit

Bank of Queensland Fixed Rate Home Loan
1.99%
3.07%
  • App: $300
  • Ongoing: $10 per month
$555

Bank of Queensland Fixed Rate Home Loan P&IInvestment 3Y Fixed≥ 20% Deposit

Bank of Queensland Fixed Rate Home Loan
2.59%
3.26%
  • App: $300
  • Ongoing: $10 per month
$601
Special offer for new lending between $150k-$500k & under 80% LVR.

Bank of Queensland Fixed Rate Home Loan P&IHome 3Y Fixed≥ 20% Deposit

Bank of Queensland Fixed Rate Home Loan
2.19%
3.03%
  • App: $300
  • Ongoing: $10 per month
$570

Bank of Queensland 2 Year Intro Rate Variable Home Loan P&IInvestment≥ 10% Deposit

Bank of Queensland 2 Year Intro Rate Variable Home Loan
3.04%
3.37%
  • App: $0
  • Ongoing: $10 per month
$637
Investors can get a low variable rate loan that's available with a 10% deposit. 100% offset account attached.
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Bank of Queensland key facts

  • Bank of Queensland has some competitive interest rates, especially on its fixed rate loans. Most of its loans have an upfront application fee.
  • The bank offers fixed and variable rate loans, including introductory variable rate loans.
  • You need at least a 10% deposit to qualify for some Bank of Queensland home loans, but many require a 20% deposit or even higher. Borrowers with small deposits should research carefully to avoid applying for a rate they cannot get.
  • Bank of Queensland also offers personal loans, credit cards, savings accounts and other banking services.

Review by our senior home loans writer Richard Whitten

Bank of Queensland home loan features

Here are the key features and details you need to know about Bank of Queensland's mortgage products.

FeatureDetails
Minimum depositWhile some Bank of Queensland loans have 90% maximum LVRs, meaning you can get them with 10% deposits, many don't. Some of the bank's lowest rates are for borrowers with 20% deposits.
Offset account?Some Bank of Queensland loans come with offset accounts. You won't find this feature on BOQ's fixed rate loans.
FeesApplication fees are common across most Bank of Queensland loans.
Repayment optionsBank of Queensland home loans allow you to make interest-only repayments for a limited period. The lender also offers the standard principal-and-interest repayments on its loans.

How do I apply for a Bank of Queensland mortgage?

When applying for any home loan, you will need various documents to establish your identity, your financial situation, employment status and details about the property.

Eligibility

Each Bank of Queensland product has 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:

📄 Property details. You can start a loan enquiry before you've bought a property, but to complete an application, you need the address of the property and a signed contract of sale.

📄 Identification documents. You will need identification such as a driver's licence, 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 (such as savings accounts or investments) and liabilities (for example, your outstanding debt).

How to apply for a home loan

Lenders like Bank of Queensland

If you're looking for a home loan from a similar lender to the Bank of Queensland, you could look at the Big Four or some of Australia's other mid-sized lenders.

  • Big Four banks. Check out home loans from Australia's Big Four banks.
  • AMP. AMP is a large Australian lender and financial services provider.
  • Suncorp Bank. This Queensland-based lender also provides insurance and superannuation services.
  • Macquarie Bank. This retail and investment bank is one of Australia's largest.
  • ING. This online bank is part of the global, Dutch-based financial group of the same name.

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30 Responses

    Default Gravatar
    carlieMarch 26, 2017

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

      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.

      Please feel free to check the lenders that offer Indigenous Home Loans featured on our website.

      You may also want to speak to a mortgage broker. A mortgage broker is a professional who compares and helps you apply for home loans on your behalf. A good mortgage broker will give you personalised service all the way through to settlement.

      Hope this helps.

      Cheers,
      May

    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

      Default Gravatar
      BelindaApril 7, 2016

      Hi Jana,

      Thanks for reaching out.

      You can compare lenders that offer vacant land home loans. Some of these loans may not be available for purchases of acreages or larger pieces of land. Please keep in mind that these types of loans typically have a lower loan-to-value (LVR) ratio due to the conservative approach that lenders have for vacant land loans.

      If you would like to discuss your eligibility for a vacant land home loan, please get in touch with a mortgage broker to help you understand your financial position and they can leverage their panel of networks to find a lender that’s more inclined to review your application.

      All the best,
      Belinda

    Default Gravatar
    RachelMarch 1, 2016

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

      Default Gravatar
      BelindaMarch 2, 2016

      Hi Rachel,

      Thanks for getting in touch.

      You can find our handy guide to compare financing options for vacant land.You may also want to learn more about construction loans to help you further.

      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.

      I also suggest to get in touch with a licensed mortgage broker. A broker can help you understand your financial position and they can leverage their panel of networks to find a lender that’s more inclined to review your application.

      All the best,
      Belinda

    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

      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.

    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%

      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

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