BOQ Investor Home Loan Interest Rate Increase
BOQ today announced it will increase interest rates on investor home loans by 10 basis points, with the new rates effective from Tuesday, 18 April 2017.
The rate change will see the Bank’s Clear Path variable home loan rate for investors increase to 5.04 per cent per annum and the new standard variable rate home loan rate for investors will be 6.18 per cent per annum.
Matt Baxby, BOQ Group Executive, Retail Banking indicated the rate increase was driven by recent changes to regulatory requirements.
"The decision to change interest rates is not one we take lightly. These changes will help ensure we continue to meet our regulatory obligations under the new industry-wide benchmarks outlined by APRA in recent weeks."
Owner occupier home loans remain unchanged.