Clear Path Variable Home Loan

Get low home loan rates without compromising on flexibility and features. Our most popular low-rate home loan is making home ownership easier. {sub-heading}

  • Owner Occupier Principal and Interest Rate
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  • Comparison rate

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Enquire online

Call us

Why choose our Clear Path Variable Home Loan?

Walk confidently into home ownership with low home loan rates, flexible payment options and features that fit your lifestyle.{sub-heading}

Split between fixed and variable

Can’t decide between fixed and variable home loan rates? Split your loan into portions and get the benefit of both.

Flexible repayment options

Align your repayments with your pay cycle or budget. Choose weekly, fortnightly or monthly repayments.

Internet banking and mobile banking

Easily manage your loan with mobile and online banking. Stay in control of your accounts with just a tap.

Unlimited free redraw

If you’re ahead on your home loan repayments, you can access that money easily through Internet Banking. No forms needed and no fees apply (minimum $100 withdrawal).

Free property valuation

Get a free residential valuation by a BOQ approved valuer for each Clear Path Home Loan application.33

Offset your mortgage25

Link your home loan to a Mortgage Offset Account and save on interest. Available for loans in personal names only.

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Features

The Clear Path Variable Home Loan gives you low home loan rates without skimping on features. {sub-heading}

Enquire now

Terms
Details
Loan purpose
Owner-Occupied and Investment homes
Mortgage offset
100% mortgage offset account25
Unlimited free redraw

Minimum $100 redraw and no fees apply.

Learn about redraw

Split loans
Yes
Repayment options
  • Principal and interest
  • Interest only (maximum term is 5 years; subject to approval)
Repayment frequency
  • Weekly
  • Fortnightly
  • Monthly
Electronic banking
Internet Banking and mobile banking
Maximum Loan to Value Ratio (LVR)
Owner-Occupiers or Investors can borrow up to 95% of the property’s value with principal and interest repayments or 90% with interest-only repayments.13
Construction home loans

Borrow up to 90% of the maximum LVR, inclusive of Lender’s Mortgage Insurance.13 During the construction period, the interest-only rate will be applicable.

Learn about construction home loans

Eligibility
New and existing customers for new lending only. Not available for the refinance or restructure of existing BOQ lending.
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Interest rates

Owner-Occupier Fixed Interest Rates

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Investor Interest Rates

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All Owner Occupier Rates

All Investor Rates

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Fees

Other fees and charges may be payable. Please see the Personal Banking Guide to Fees and Charges and your Home Loan Schedule for fees.

Fee
Amount
Application fee
Nil
Valuation fee
One free valuation per home loan application33
Monthly fee (Charged to your loan account on each repayment date)
$10
Redraw fee
No fee ($100 minimum withdrawal applies)
Settlement fee
$15029
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Important information

Personal Banking Guide to Fees and Charges

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Personal Lending Supplementary Terms and Conditions

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Clear Path Variable Home Loan Overview

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Ready to apply?

Before we get you set up, you’ll need your ID, employment details, and financial details, like income, assets, expenses and liabilities. {sub-heading}

Check your eligibility

To qualify for a home loan you must:

  • Be 18 years of age or over
  • Have never been bankrupt
  • Be an Australian citizen or permanent resident
  • Earn a regular income

Request a call back

You’ll hear from someone in our BOQ branches within 2 business days.

Enquire now{icon-button}

Chat to a lending expert

Call us on 1300 641 727

Find your nearest branch{icon-button}

Why split your home loan?

There are benefits to both fixed and variable home loan rates. Splitting your loan means you don’t need to choose. Get the benefits of both.

Splitting your loan gives you the certainty of a fixed rate and the flexibility of a variable rate.

Learn more

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Handy home loan tools

Calculators

Do the maths with our set of handy calculators. Work out your borrowing power, repayments, and more.

Find out more

Split loan simulator

See how splitting your loan between fixed and variable rates will affect your repayments.

Calculate

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You might also be interested in

Fixed Rate Home Loan

Know exactly what your repayments will be for up to 5 years and protect yourself from interest rate rises.

Discount 2-year fixed rate

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Comparison rate11

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For Owner Occupiers with Principal and Interest Repayments

Economy Variable Home Loan

Our no-frills, low-rate home loan that doesn’t compromise on features.

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Economy variable rate

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Comparison rate11

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For Owner Occupiers with Principal and Interest Repayments

Tips and guides

Buying your first home

Ready to stary your buying journey? We've pulled together everything you'll need to get informed and prepared.

Find out more

Refinancing your home loan

Switch your home loan to BOQ to enjoy low interest rates and a personal approach.

Find out more

Buying an investment property

Access helpful tools and read our guide to buying an investment property.

Find out more

Buying a second home

You know the drill by now, but there are important things to consider when buying your next property.

Find out more

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Frequently asked questions

Didn’t find what you were looking for? Go to our help and support page to find out more. {sub-heading}

Help and support

What’s the difference between fixed and variable home loan rates

If you place a high value on certainty, you might enjoy locking in a fixed rate home loan. As fixed rates don’t fluctuate with the market, it means you’ll pay the same monthly repayments for your fixed term. It certainly makes it easier to plan a budget, whether it’s for big ticket items or day-to-day expenses. Variable rates are at the other end of the rate spectrum. These rates move with the market, so if variable rates decrease, your repayments do too.

What is redraw?

Redraw is a feature of a variable rate loan that enables you to make additional repayments into your home loan, above the minimum payment amount. This reduces the balance owing on your home loan, which means you’ll pay less interest and can pay your loan off faster. For a full view of considerations on redraw, check out our Offset Account or Redraw blog post.

What is LVR?

Loan-to-Value Ratio, or LVR, is a financial term used to calculate the amount borrowed against the property’s appraised worth. For example, if you are looking to purchase a property and have put down a 20% deposit, this would mean you are borrowing 80% of the property’s value from the bank. As such, your LVR would be 80%.

What is principal and interest?

Lenders typically divide the borrowed balance into two sections: the principal which represents the total amount of money borrowed; and the interest, which is the cost charged by the lender for lending the money to the borrower.

We’re here to help

 1300 641 363

Call our Customer Service Centre

Email us

Get in touch

Locate us

Find your nearest branch

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Important Information

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