Personal Loans

Make that dream a reality with a BOQ personal loan

Whether you’re looking to pay for your next car, holiday, renovations, set the date for your big day, consolidate your debts or you need some extra funds, our personal loans can help make your dreams a reality.

 

Everyone’s financial circumstances are different, which is why we offer a range of low rate personal loans to suit your lifestyle and budget.

 

For a limited time*, we are offering a 2% discount on our unsecured fixed rate personal loan and waiving the application fee (saving you $150). 

 

What’s more is that we do not charge break fees or early repayment fees on our fixed or variable rate unsecured personal loans.  

 

Apply for a Personal Loan

Should I choose a secured or unsecured personal loan?

  • Secured personal loans – If you’re looking for a low rate personal loan, your residential property can be used to take out a secured personal loan. Your mortgage will be used as security in the event you’re unable to repay your loan.
  • Unsecured personal loans – If you don’t have any assets or you don’t want to use your mortgage as security, we offer an unsecured personal loan with a slightly higher interest rate. If you're looking to purchase a car, you can lock in lower interest rates by using your new car as security with our car loan.

 

Personal Loan Features and Benefits

Yes Low rate personal loans with a low monthly fee

Yes Borrow a minimum of $3,000 (unsecured loans only) for loan term of 1 – 5 years

Yes Use your property as security to lock in a lower rate for a loan term of 1 - 7 years

Yes Flexible repayment options – weekly, fortnightly or monthly

Yes Make extra repayments anytime to pay off your loan sooner - no additional repayment fees

Yes Pay off your loan faster with no penalties or break costs for early repayment

Yes Fixed or variable personal loan interest rates to suit your budgeting needs

 

Personal Loans 

 

Unsecured 

Mortgage Secured 

Minimum loan amount

$3,000

$5,000

Maximum loan amount

$40,000

$50,000

Application fee

$150

$195

Monthly maintenance fee

$7.50

Minimum loan term

1 year

1 year

Maximum loan term

5 years

7 years

Variable interest rate option

Yes - make unlimited additional repayments any time and pay off your loan sooner.

Fixed interest rate option

Yes – your set repayment amount is determined at the start of the loan

Security

Nil or personal guarantee

Residential property

Extra repayments

Yes, without extra fees

Early payout

Yes, no fees apply

Repayments

Weekly

Fortnightly

Monthly

Internet Banking

Yes

EasyPhone Banking

Yes

Government fees and charges and Bank release fees may apply to release security.
Internet Banking and EasyPhone Banking access excludes withdrawal transfers and BPAY payments.


Personal Loan Interest Rates

 

Fixed
SecurityInterest rate % p.a.Comparison rate % p.a.
Unsecured9.99*10.501
Mortgage Secured10.9912.261

 

 

 

Variable
SecurityInterest rate % p.a.Comparison rate % p.a.
Unsecured12.9513.661
Mortgage Secured9.5410.821

 

 *Offer available for applications received between Monday 15 January 2018 and Sunday 25 February 2018 and settled by Sunday 18 March 2018. These rates are subject to change at any time.  All Personal Loan interest rates including Car Loans are available on the Today's rates page. 

 

1 Comparison Rate calculated on a loan amount of $30,000 over a term of 5 years. 

 


Fees and charges

 

Personal Loans 

 

Unsecured 

Mortgage Secured 

Monthly maintenance fee

$7.50

$7.50

Application fee

$150

$195

 

 Fees and charges are payable. Normal credit assessment criteria apply. Full terms and conditions are available online. Fixed interest rates may vary between application and drawdown of the loan.


Eligibility Criteria

  • You must be over the age of 18
  • Have a regular, permanent income
  • Need to be an Australian Citizen or permanent resident of Australia living and working in Australia
  • Loan purpose must be for personal use

 

Apply for a Personal Loan

Important information

Please view the terms and conditions below: 

 


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