First Start Home Loan
Perfect for first home buyers
Buying your first home doesn't need to be hard. With the First Start Home Loan, you'll receive a great discount on our Standard Variable Rate for the first 12 months and the flexibility of weekly, fortnightly or monthly repayments. There's also plenty of great features to help you get started with your first home loan, including a mortgage offset account and free redraw. Why not chat to us today about your first home loan?
How to apply
Features and benefits
|Interest Rate||1% p.a. below the Standard Variable Housing Rate for the first 12 months, after which the Standard Variable Housing Rate will apply.|
|Loan Term||Maximum 30 years|
|Minimum loan amount||No Minimum|
|Maximum loan amount||95% of property value*|
- Principal and interest
- Interest Only (maximum 5 years; subject to approval)
|Additional repayments||Yes - unlimited |
|Redraw||Yes - minimum $100. Available through Internet Banking subject to approval|
|100% Mortgage Offset facility||Yes|
*Requires mortgage insurance if the amount borrowed is more than 80% of the valuation of the security property.
First Home Loan Interest rates
|Reference rate||Standard variable housing rate|
|Product discount||1.00% p.a. below the applicable reference rate for the first 12 months, after which the applicable reference rate will apply.|
|Current rate||The current rates are available on the Today's rates page|
Fees and charges
$10.00 each month
nominate one of your Reverse Charges AccountTM to be free of monthly account maintenance fees.
How to apply
Please view the terms and conditions listed below and on the Terms and Conditions page:
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.