First-Start Home Loan

An ideal loan to help you purchase your first home.  The First-Start Home Loan offers a great discount on our Standard Variable Rate for the first 12 months and the flexibility of weekly, fortnightly or monthly repayments.


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Features and benefits

Interest Rate1% p.a. below the Standard Variable Housing Rate for the first 12 months, after which the Standard Variable Housing Rate will apply.
Loan TermMaximum 30 years
Minimum loan amountNo Minimum
Maximum loan amount95% of property value*
Repayment Type
  • Principal and interest
  • Interest Only (maximum 5 years; subject to approval)
Repayment Options
  • Weekly
  • Fortnightly
  • Monthly
Additional repaymentsYes - make unlimited additional repayments any time and pay off your loan sooner.
RedrawYes - redraw allows you to easily access our advance repayments, minimum of $100.  Available through Internet Banking subject to approval
100% Mortgage Offset facilityYes
Internet BankingYes
EasyPhone BankingYes


*Requires mortgage insurance if the amount borrowed is more than 80% of the valuation of the security property.

Interest rates


Interest rate
Reference rateStandard variable housing rate
Product discount1.00% p.a. below the applicable reference rate for the first 12 months, after which the applicable reference rate will apply.
Current rateThe current rates are available on the Today's rates page

Fees and charges

Application fee: $495.00

Home loan fee: $10.00 each month

Fee savings: You can nominate one of your Reverse Charges AccountTM to be free of monthly account maintenance fees.

Additional Information

Valuation fees are payable.  Government fees and charges apply.  Fees and charges are payable.  Normal credit assessment criteria apply.  Full terms and conditions are available at any Bank of Queensland branch.  Interest rates quoted are indicative only, and are subject to change without notice.


How to apply

You can enquire online via BOQApply for a First Start Home Loan.


Enquire online now 


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

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