Regional bank with a personal touch. Competitive owner-occupier rates with the backing of an APRA-regulated bank.
Variable Rate from
5.79%
Fixed Rate from
5.89%
Comparison Rate
5.94%
Bank of Queensland (BOQ) is an APRA-regulated regional bank headquartered in Brisbane. Founded in 1874, BOQ has grown to serve customers across Australia through its owner-manager branch model and digital channels. The BOQ Group also includes ME Bank and Virgin Money Australia.
BOQ sits in a sweet spot between the Big 4 banks and online-only lenders. They offer competitive rates that often beat the majors, while still providing personalised branch-based service through their owner-manager network. Their focus on owner-occupier lending means they often have sharper rates for people buying a home to live in.
BOQ's best rates are reserved for owner-occupiers paying principal and interest. If you're buying a home to live in, BOQ often undercuts the Big 4 on rate.
With the strongest branch network in Queensland, BOQ offers a truly local banking experience. Faster valuations, better knowledge of local property markets, and accessible branch support.
BOQ participates in government first home buyer schemes and offers competitive rates for borrowers with smaller deposits. Their personalised branch service helps first timers through the process.
BOQ frequently offers attractive refinance rates and occasional cashback offers. A good middle ground between Big 4 security and online-lender pricing.
A basic variable rate loan with a sharp rate and free redraw. No offset account, but ideal if you want the lowest rate from a traditional bank.
Rate: 5.79% p.a. (owner-occupied, P&I, LVR <80%)
Full-featured variable loan with 100% offset account, unlimited extra repayments, and redraw. The go-to for borrowers who want flexibility.
Rate: 5.89% p.a. (owner-occupied, P&I, LVR <80%)
Fix your rate for 1 to 5 years. Repayment certainty with the security of an APRA-regulated bank behind you.
Rate: 5.89% p.a. (2-year fixed, owner-occupied, P&I)
Variable and fixed options for investors. Interest-only available. Rates slightly higher than owner-occupier products.
Rate: 6.19% p.a. (investment, variable, P&I)
100% offset on Clear Path products. Reduce the interest you pay by keeping savings in your offset account.
BOQ's unique branch model means the person serving you has a stake in the business. More personal service than Big 4 corporate branches.
Unlimited extra repayments on variable loans. Get ahead on your mortgage without penalty fees.
Access ME Bank and Virgin Money Australia products through the BOQ Group. More options to find the right fit for your needs.
We'll compare BOQ against 31 other lenders to ensure you're getting the best deal for your situation.
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