Product Specific – Unsecured Personal Loans
Who can apply online?
The following conditions must be met for an online application:
- All applicants must be Australian residents with an Australian address within a State or Territory where there is a Bank of Queensland branch
- The Account must be in personal names (no Company or Trading Accounts)
- All applicants must be over 18 years of age
- Joint accounts (where applicable) can be up to a maximum of two account holders
How can I add another account holder to the account?
When applying online for a Unsecured Personal Loan we cater for a maximum of two account holders. If you wish to add additional account holders or signatories please visit your local Bank of Queensland branch.
Can I apply online if I have a guarantor?
No. We do not currently accept online applications where a guarantor is required. Please visit your local Bank of Queensland branch or call the Customer Contact Centre on 1300 55 72 72 to discuss your options.
Over what period can I take out an unsecured personal loan?
Unsecured personal loans are available for a maximum term of 7 years.
Can I open a fixed interest rate unsecured personal loan?
We don’t currently offer fixed interest rate loans online. Please visit your local Bank of Queensland branch or call the Customer Contact Centre on 1300 55 72 72 to discuss your account opening options.
How much can I borrow?
This depends upon your income and other financial commitments. The Bank of Queensland currently offers Unsecured Personal Loans of up to $40,000 for successful applicants.
How do I receive the money once my Unsecured Personal Loan has been approved?
As part of the loan application process performed by your nominated branch you can nominate if you want your loan disbursement paid to a nominated Bank of Queensland account or paid via bank cheque.
Why do you need my employer's details?
We will contact your employer to verify your employment status.
If your question was not answered by this FAQ please contact our Customer Contact Centre on 1300 55 72 72.
Products issued by Bank of Queensland Limited ABN 32 009 656 740 AFSL 244616. This website contains general advice. This advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of any advice before acting on it. You should obtain and consider the relevant Product Disclosure Statement, terms and conditions, Financial Services Guide and Guide to Fees and Charges for the product before making any decision about whether to acquire or continue to hold it. You can obtain a copy of those documents from any Bank of Queensland branch.