How do I compare Bank of Queensland home loans?

To make sure you find the right Bank of Queensland loan, you need a clear idea of what you're looking for in a mortgage. These simple questions can help: What's your deposit size? Many of Bank of Queensland's most competitive rates are available to borrowers with 20% deposits, but some are available with just a 10% deposit. This is important to consider if you haven't saved a large deposit. What is the purpose of the loan? If you're buying a home to live in, you need an owner-occupier loan. Property investors need an investment loan rate. Bank of Queensland offers various options for both borrower types. Fixed or variable? Do you want the flexibility of a variable rate loan that could rise or fall at any time? Or are you happy to lock in a fixed rate for a certain period so you can forget about rate changes altogether? What features do you need? You need to decide whether you need features like a 100% offset account, the ability to make extra repayments and the option to split your rate.

What is home loan pre-approval?

Home loan pre-approval is an optional step in the application process that some lenders offer. Pre-approval means a lender has examined your savings, income and spending habits and has a rough idea of how much it could lend you. It's not the same as full loan approval and it's no guarantee that the lender will ultimately approve a full application. But it does allow borrowers to start looking for a home with more confidence and a clearer idea of their borrowing power.

Are there any risks going with a smaller lender?

Most Australian borrowers bank with one of the Big Four banks (Commbank, ANZ, Westpac and NAB). You might have some concerns about getting a loan from a smaller lender you've never heard of. But there's no reason to worry just because you've never heard of a lender before. In Australia, banks and lenders are regulated by the Australian Prudential Regulation Authority (APRA) or the Australian Securities and Investments Commission (ASIC) and must comply with the National Consumer Credit Protection Act. The Bank of Queensland is an authorised deposit-taking institution (ADI). This means customers with money deposited in a Bank of Queensland savings account benefit from the deposit guarantee scheme. This federal government scheme guarantees a customer's savings up to $250,000, even if the bank itself collapses.

Should I go with a fixed or variable rate?

Deciding between a fixed or variable rate depends on what you want from the loan. A variable rate loan can change at any time, either up or down. A variable rate usually offers more flexibility in how fast you can repay the loan and the cost of refinancing. A fixed rate loan offers total certainty about your rate, for the fixed period. This means it won't rise, costing you more. But if your lender starts lowering rates you won't benefit either. Refinancing a fixed rate loan means breaking the loan, because you've agreed to a specific rate. This means you may have to pay a fixed rate break fee.

Do I need a mortgage broker?

Mortgage brokers are home loan professionals who can help you find a suitable loan. A broker typically charges you no fee, because they receive a commission from your lender. Brokers are great if you are short on time or find the whole process of researching and applying for a home loan confusing. But you can definitely do it yourself and find a good loan. You may even find a better deal. That's because brokers don't compare loans from every lender in the market. They have access to a panel of loans and often don't have smaller online lenders in their panel.

Bank of Queensland Home Loan rates from 6.53%

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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, including introductory variable rate loans.
It has some competitive interest rates, especially on its fixed rate loans.
Fees vary by loan, so check the application and ongoing fees for each loan in the table below.
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.

Compare Bank of Queensland home loans for November 2026

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Finder Score	Interest Rate p.a.	Comparison Rate p.a.	Fees	Features	Monthly Payment
Finder score 9.7 Excellent Bank of Queensland Clear Path Variable Rate Home Loan	Finder score 9.7 Excellent	Interest Rate 6.89%	Comparison Rate 6.95%	Fees Application: $0 Ongoing: $120 p.a.	Interest only20% min. equityInvestmentOffset account	Monthly Payment $3,293 per month	Cashback: Get $2,000 cashback when you refinance a new loan of at least $250K. Max 80% LVR. Offer ends 28 Feb 2027. T&Cs apply.	Enquire now View details Compare product selectionCompare	loading
Finder score 9.6 Excellent Bank of Queensland Clear Path Variable Rate Home Loan	Finder score 9.6 Excellent	Interest Rate 6.79%	Comparison Rate 6.91%	Fees Application: $0 Ongoing: $120 p.a.	Principal & Interest20% min. equityInvestmentOffset account	Monthly Payment $3,260 per month	Cashback: Get $2,000 cashback when you refinance a new loan of at least $250K. Max 80% LVR. Offer ends 28 Feb 2027. T&Cs apply.	Enquire now View details Compare product selectionCompare	loading
Finder score 9.5 Excellent Bank of Queensland Clear Path Variable Rate Home Loan	Finder score 9.5 Excellent	Interest Rate 6.64%	Comparison Rate 6.76%	Fees Application: $0 Ongoing: $120 p.a.	Principal & Interest20% min. equityOwner-occupierOffset account	Monthly Payment $3,210 per month	Cashback: Get $2,000 cashback when you refinance a new loan of at least $250K. Max 80% LVR. Offer ends 28 Feb 2027. T&Cs apply.	Enquire now View details Compare product selectionCompare	loading
Finder score 9.3 Excellent Bank of Queensland Clear Path Variable Rate Home Loan	Finder score 9.3 Excellent	Interest Rate 7.04%	Comparison Rate 7.16%	Fees Application: $0 Ongoing: $120 p.a.	Principal & Interest10% min. equityInvestmentOffset accountLMI	Monthly Payment $3,343 per month	Cashback: Get $2,000 cashback when you refinance a new loan of at least $250K. Max 80% LVR. Offer ends 28 Feb 2027. T&Cs apply.	Enquire now View details Compare product selectionCompare	loading
Finder score 9.3 Excellent Bank of Queensland Clear Path Variable Rate Home Loan	Finder score 9.3 Excellent	Interest Rate 6.79%	Comparison Rate 6.91%	Fees Application: $0 Ongoing: $120 p.a.	Principal & Interest10% min. equityOwner-occupierOffset accountLMI	Monthly Payment $3,260 per month	Cashback: Get $2,000 cashback when you refinance a new loan of at least $250K. Max 80% LVR. Offer ends 28 Feb 2027. T&Cs apply.	Enquire now View details Compare product selectionCompare	loading

Showing 5 of 62 results

Bank of Queensland home loan features

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

Feature	Details
Minimum deposit	While 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.
Fees	Fees vary by loan. Compare the application and ongoing fees for each Bank of Queensland loan in the table above.
Repayment options	Bank 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 mortgage from Bank of Queensland?

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

The following information is general in nature and applies to most home loans. There may be specific criteria that apply for this lender.

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 (savings accounts, investments) and liabilities (your outstanding debt).

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Finder writers are subject matter experts and use primary sources, in-depth research and interviews with other experts to ensure you're getting accurate, up-to-date information. Articles are fact checked in line with our editorial guidelines.

What is Finder Score?

The Finder Score crunches 7,000 home loans across 120+ lenders. It takes into account the product's interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate - this gives you a simple score out of 10.

To provide a Score, we compare like-for-like loans. So if you're comparing the best home loans for cashback, you can see how each home loan stacks up against other home loans with the same borrower type, rate type and repayment type. We also take into consideration the amount of cashback offered when calculating the Score so you can tell if it's really worth it.

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Written by

Richard Whitten

Senior Money Editor

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Richard Whitten is Finder’s Senior Money Editor, with over eight years of experience in home loans, property, credit cards and personal finance. His insights appear in top media outlets like Yahoo Finance, Money Magazine, and the Herald Sun, and he frequently offers expert commentary on television and radio, helping Australians navigate mortgages and property ownership. Richard started his career in education and textbook publishing in South Korea. He holds multiple industry certifications, including a Certificate IV in Mortgage Broking (RG 206) and Tier 1 and Tier 2 certifications (RG 146), as well as a Bachelor of Education from the University of Sydney and a Graduate Certificate in Communications from Deakin University. See full bio

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Richard has written 764 Finder guides across topics including:

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Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms Of Service and Finder Group Privacy & Cookies Policy.

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32 Responses

AiDecember 3, 2013

We are Singaporean, like to know how to apply home loan in Melbourne

Finder

MarcDecember 4, 2013Finder

Hello Ai,
thanks for the question.

To buy a property when you’re a foreign non-resident, you might first need approval from the Foreign Investment Review Board (FIRB), and then you’ll need to seek approval for finance. You can submit an application for the property you’re interested in online through the FIRB website.

Once this is completed it’s a good idea to seek the services of a mortgage broker. This is because many banks do not offer loans to foreign nationals at all, so a good broker will know which lenders to approach.

I hope this helps,
Marc.

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Bank of Queensland home loans

Bank of Queensland (BOQ) has home loans for owner-occupiers and investors. Compare rates from 6.53%.

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