Home Loan Privileges Package
The Home Loan Privileges Package is a complete package that recognises your value and rewards you with ongoing benefits.
It is available to individual and joint borrowers, as well as trusts and companies, which have a housing loan (it is not available for business purposes).
Features and benefits
| Standard Variable Home Loan | Fixed Rate Home Loan | Line of Credit Facility |
|---|
Application fee | Nil | Nil | Nil |
Home loan fee | Nil | Nil | Nil |
Annual package fee | $375 each year |
Maintenance fee | Not applicable | First 40 transaction per month free# then $0.60 per transaction |
Loan term | Maximum 30 years | No fixed term – at call ongoing line of credit facility with a fixed credit limit |
Minimum loan amount | No Minimum | $25,000 |
Maximum loan amount | Maximum loan amount is dependent on your available security and ability to repay. |
Repayment type | | Flexible so you can pay any amount, as long as the balance stays within the credit limit. |
Repayment options | |
Additional repayments | Yes – make unlimited additional repayments any time and pay off your loan sooner | Yes - Additional payments of up to $5,000 per annum allowed (breakcosts apply above this amount) | Yes – make unlimited additional repayments any time and pay off your loan sooner |
Redraw (application form PDF 398kb) | Yes – redraw allows you to easily access your advance repayments, minimum $100. Available through Internet Banking subject to approval. | No | Not applicable. This is a line of credit facility which means you can draw on your available credit as often as you like without approval |
Low Doc Option | No | No | No |
Mortgage offset facility | Yes+ | Yes+ available on 1 Year Fixed Rate Home Loans only | No |
Internet Banking | Yes |
EasyPhone Banking | Yes |
#Excludes fees for transactions through non-Bank of Queensland ATMs and giroPost.
+$10 per month account keeping fee applies.
Products | Discounts |
|---|
Reverse Charges Account® | No monthly account maintenance fees, regardless of your account balance. |
Credit cards | Choose between Gold MasterCard or Interest-Free Days Visa Card. Your credit card annual fee is waived |
Personal Loans | Application fee and monthly maintenance fee waived. Interest Rate Discounts (based on package minimum borrowings) apply against the following variable Personal Loans and variable Personal Overdrafts: - Secured Personal Loan
- Goods Secured Personal Loan Variable
- Unsecured Personal Loan
- Unsecured Personal Overdraft
- Secured Personal Overdraft
The interest rate discounts as follows: Minimum Package Borrowing | Interest Rate Discount | $150,000 - $200,000 | 0.25% p.a. | $200,000 - $250,000 | 0.40% p.a. | $250,000 + | 0.70% p.a |
No Interest Rate discount applicable on Fixed Rate Personal Loans |
Premier Investment Accounts | Investments from $25,000 to $250,000 will receive bonus interest of 0.25% p.a. above the standard rate on carded rates. |
To qualify
- You must have total combined borrowings of $150,000 or more with Bank of Queensland.
- You must maintain an approved transaction account with Bank of Queensland (not required if you have a Line of Credit Facility).
Interest rates - new loans only
View all Home Loan Privileges Package interest rates on the Today's Rates.
Fees and charges
Annual package fee: $375
To apply for a home loan, complete the application form (PDF 409kb), take it to one of our convenient locations and an appointment with one our lending staff will be arranged for you to discuss the various loans options available. Look at the information we need from you. Call us on 1300 55 72 72 with any queries.
Important information
Please view the terms and conditions listed below on the Terms and Conditions page:
- Personal Banking Guide to Fees and Charges
- Personal Lending Supplementary Terms and Conditions
Information current as at July 4, 2008.
Products issued by Bank of Queensland Limited ABN 32 009 656 740 AFSL 244616. Standard credit assessment criteria applies and all applications must meet approval guidelines on all products to qualify for the package. Benefits cannot be taken in conjunction with or in addition to any other packages, negotiated interest rates or special offers. Valuation fees are payable. Government fees and charges apply. Fees and charges are payable. 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.
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 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.