Economy Variable Rate Home Loan

Save with our lowest home loan interest rate!

Getting a cheap home loan doesn't mean you have to compromise on its features. With our Economy Variable Rate Home Loan, you'll enjoy our lowest home loan interest rate with free redraw and flexible repayment options. Plus you can pay off your home loan sooner with unlimited additional repayments. 


How to Apply

Home Loan Interest Rates

ProductInterest Rate % p.a.Comparison Rate % p.a.
Owner Occupied Principal and Interest3.793.95
Owner Occupied Interest Only4.294.15
Investment Principal and Interest4.094.25
Investment Interest Only4.594.45


Features and Benefits

Yes Up to 80% of security property - Principal and Interest Lending and Interest Only Lending.

Yes One free valuation1 

Yes Free redraw

Yes Flexible repayment options - weekly, fortnightly, monthly

Yes Available for all Loan amounts


Fees and Charges

Application fee


Monthly Fee

$10.00 each month

Valuation Fee

One free per application1 

Settlement Fee2 



How to apply

Not sure this is the mortgage for you? Check out our other great home loan s.

Alternatively, drop into a BOQ branch and speak to someone face to face or call one of our friendly customer service consultants on 1300 55 72 72.

Important information

BOQ's Economy Variable Rate Home Loan is available for owner occupiers, investment, individuals, companies and trusts (not available for self-managed super funds). New lending only.

Please view the terms and conditions listed below on the Terms and Conditions page:

1One free residential valuation by BOQ approved Valuer per Economy home loan application. 

2Payable per settlement where applicable