Ratings
The Bank of Queensland (BOQ) is a retail bank in Australia headquartered in Brisbane, Queensland. Initially established as a building society, BOQ is one of the oldest financial services providers in the country. The bank provides various retail and commercial banking services through its vast network of 163 branches all over the country, comprising 103 owner-operated branches and 53 corporate branches.
| Lenders | Rate of Interest | Comparison Rate | Ratings | |
|---|---|---|---|---|
 Bank of Queensland | 5.84% - 6.3% | 5.66% - 6.18% |
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Pros
Strict lending policies.Signup Fees.Strict Age Restrictions.Customer Support.
Cons
Home Loan for Self-Employed.High Property Value for First Home Buyers.The Bank of Queensland offers home loans for diverse purposes, including buying a first home, a next home, refinancing, and even for home-building. Loans are also available for managing increases in interest rates, and also purchasing an investment property. There are both fixed-rate and economy variable home loans, along with clear path variable home loans. These are loans for owners and occupiers, while there are investor loans in the same categories. There are multiple resources and other support solutions for home loans as well.
With a fixed rate mortgage, you can safeguard yourself against prospective interest rate increases and have the assurance that you will know precisely what your repayments will be for up to five years.
Principal and interest repayments and interest-only repayments are two different alternatives for repayment.
You don't have to give up features in exchange for a straightforward mortgage.
The Clear Path Variable Rate Home Loan is for you if you want an inexpensive, fully functional loan with a low rate.
A competitive 5.24% p.a. (5.39% p.a. comparative rate*) is offered by BOQ for new clients who are owner-occupiers with an LVR of up to 70%, a debt to-income ratio under 6 and a minimum loan amount of $150,000.
To apply for a personal loan, you just need to follow a few easy steps. Accessing your personal loan is made simple for you by this straightforward procedure:
You'll be one step closer to receiving that new car, vacation, caravan, house upgrades, or anything in no time if you receive a response to your application. You may satisfy your needs by just following the easy steps.
The bank will only be required to lend the loan amount if it receives the following documentation:
You can Use the borrowing power calculator on BOQ to determine how much you can borrow for a mortgage and Get a customised assessment of your borrowing capacity right now.
Determine where you can afford to purchase in Australia and how much you can borrow for a house loan.
Use either fixed or variable interest rates across a choice of periods to calculate your home loan repayments.
To see how much interest you may save by making extra repayments, use our extra repayments calculator.
Determine the amount of time and interest you will save by making lump-sum repayments on your mortgage.
Whether you need assistance with Internet Banking, activating your card, or reporting a lost or stolen card, the professionals are available to assist you.
A minimum $150,000 can be borrowed.
It takes approx. 1 week to get approved for a Bank of Queensland home loan.
If you default, the Bank may reject your application, deny any requests for redraws, revoke your access to Bank of Queensland e-banking for redraws, and revoke your entitlement to redraw at any time and without prior notice.
Bank of Queensland offers home loans, including variable, fixed, package, and line of credit choices, BOQ is totally independent of the major banks.
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