At a glance

4.18 %P.A.
Owner occupier rate for the first two years*
4.80 %P.A.
Comparison rate^
1.52 %P.A.
Discount off the Standard Variable Rate for the first 2 years

Why choose our Discount Variable Home Loan?*

If you're borrowing $1,000,000 or more for your home loan, you deserve to be rewarded.

As part of the Home Loan Privileges Package, you can enjoy further discounts and savings on everyday banking, credit cards and more.

Discounted interest rates

Interest rate discount off the Standard Variable Home Loan interest rate.

Mortgage offset account**

Free redraw

Access additional repayments on your home loan with redraw. No fees apply. 

Flexible repayment options

Choose weekly, fortnightly or monthly repayments.

Unlimited additional repayments

Make additional repayments at any time.

Loan features

Feature Detail

Minimum total borrowings


Discounted interest rate

1.52% p.a. discount off the Standard Variable interest rate for the first 2 years

1.26% p.a. discount thereafter

Maximum LVR

Up to 80% of property value (Principal and Interest Lending Only)

Minimum loan term

2 years

Mortgage offset account

Yes - personal customers only**

Repayment options

  • Weekly
  • Fortnightly
  • Monthly

Additional repayments

Yes - make unlimited additional repayments any time


Yes - minimum $100

Split loan


Electronic Banking


Interest rates

  Principal and Interest 
  Interest Rate % p.a.

Comparison Rate % p.a.^

Owner Occupier 

4.18 for first 2 years then 4.44


Investor  4.81 for first 2 years then 5.07 5.42


At BOQ, we keep our fees to a minimum. Any fees we do have we’ll show you up front so there are no surprises.

Fees Detail
Application Fee


Monthly Fee


Annual Package Fee


Valuation Fee Amount varies                                        

A full list of fees can be found in our Fees and Charges Guide below.

Important information

For important information on our Discount Variable Home Loan, view our Terms and Conditions.

Ready to apply?

There are a few things you’ll need to begin, such as your proof of identity, employment details and financial details such as income, assets, expenses and liabilities

Step 1.

Check your eligibility. You must meet the requirements below:

  • Qualify for the Home Loan Privileges Package
  • Total combined borrowings of $1,000,000 or more with BOQ
  • Maximum loan to value ratio of 80%
  • New lending only - owner occupied and investment
  • Be an individual, joint borrower, company or trust (not available for Self-Managed Super Funds)
  • Be 18 years of age or over
  • Have never been bankrupt
  • Be an Australian citizen or permanent resident
  • Earn a regular income

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Save on fees and interest when you package your products

Home Loan Privileges Package

Combine your transaction account with your home loan and we’ll waive the monthly fees and application fees on all your package loans.

  • The more products, the bigger the savings
  • Fixed rate and variable rate home loans
  • $395 Annual package fee

Protect your most valuable asset

Home and Contents Insurance

You’ve put a lot in to your home and spent a lot on your belongings. Make sure they’re protected should the unthinkable happen.

  • Combined or separate home and contents insurance
  • Automatic cover for fire and flood
  • Cover for accidental damage