5.64 %P.A.
Owner Occupier Principal and Interest Rate #
5.77 %P.A.
Comparison Rate^
$ 0 
Application Fee
FREE 
Residential Valuation**

Why choose our Clear Path Variable Home Loan?

Split your repayments

Split between Fixed & Variable

Split your loan between fixed & variable rate home loan portions. 

repayment options to suit you

Flexible repayment options

Choose weekly, fortnightly or monthly repayments to align with your pay cycle or budget needs. 

Access redraw with a variable home loan

Unlimited free redraw

Access your extra repayments anytime via Internet Banking. Minimum $100.00.  No forms needed & no fees apply.

Learn about redraw.

Offset your variable rate home loan

Mortgage offset account+

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

Access your accounts via mobile phone

Mobile & online banking

Access your account balances and transactions at the tip of your fingers with mobile and online banking.

Property valuation

Free property valuation

One free residential valuation by a BOQ approved valuer per Clear Path Home Loan application **.

Features

If you're looking for a fully featured, cheap home loan with a low rate, our Clear Path Variable Rate Home Loan is for you!

Terms Detail

Loan Purpose

Owner Occupied and Investment housing

Mortgage Offset

100% mortgage offset account+

Unlimited Free Redraw

Minimum $100.00 redraw. No fees apply. Learn about redraw.

Split Loans

Yes

Repayment Options

Principal and Interest

Interest only (maximum 5 years; subject to approval)

Repayment Frequency

Weekly, fortnightly, monthly

Electronic Banking

Internet and Mobile

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*

Construction Home Loans

Borrow up to 90% of maximum LVR (Loan to Value Ratio), inclusive of Lender's Mortgage Insurance*. 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

Enquire now    Call us 1300 55 72 72

Interest rates

Variable Home Loan Rates

 

  • Owner Occupier Interest Rates
      Principal and Interest Interest only

    Product

    Interest Rate % p.a.

    Comparison Rate % p.a.^

    Interest Rate % p.a.

    Comparison Rate % p.a.^

    Owner occupier

    		 7.74

    7.86

    8.13

    		 6.88

    Owner occupier - max 80% LVR #

    (minimum $150k. New lending only)

    5.64

    (2.10% p.a. discount)

    		 5.77

    7.14

    (0.99% p.a. discount)

    6.43

    Owner occupier - max 90% LVR ##

    (minimum $150k. New lending only)

    5.89

    (1.85% p.a. discount)

    		 6.02

    7.39

    (0.74% p.a. discount)

    6.54

    Owner occupier - max 95% LVR ###

    (minimum $150k. New lending only)

    7.24

    (0.50% p.a. discount)

    		 7.36

    n/a

    		 n/a
  • Investor Interest Rates
      Principal and Interest Interest only

    Product

    Interest Rate % p.a.

    Comparison Rate % p.a.^

    Interest Rate % p.a.

    Comparison Rate % p.a.^

    Investor

    8.37

    8.48

    8.62

    		   7.20

    Investor - max 80% LVR #

    (minimum $150k. New lending only)

    5.79

    (2.58% p.a. discount)

    		 5.92

    5.89

    (2.73% p.a. discount)

    		 5.96

    Investor - max 90% LVR ##

    (minimum $150k. New lending only)

    6.09

    (2.28% p.a. discount)

    		 6.21

    6.29

    (2.33% p.a. discount)

    		 6.13

    Investor - max 95% LVR ###

    (minimum $150k. New lending only)

    7.34

    (1.03% p.a. discount)

    		 7.46

    n/a

    		 n/a

All Owner Occupier Rates

Compare interest rates

All Investor Rates

Compare interest rates

Fees

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.

Fee Amount
Application fee

Nil
Valuation fee

One free valuation*
Monthly fee

$10/month
Redraw fee

No fee ($100 minimum applies)
Settlement fee $150++

Important information

Ready to apply for your home loan?

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:

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

Step 2.

Receive a callback from one of our BOQ branches
within 1-2 business days.

Enquire online

Chat to us.

Call us 1300 55 72 72

Find your nearest branch

Split home loans

If you like the benefits that both fixed rate loans and variable rate loans provide, you can choose to split your home loan.

Splitting your loan means that you can divide your home loan into fixed and variate rate portions. This gives you both the certainty of a fixed rate and the flexibility of a variable rate. The great part is, you get to choose how much of your loan you allocate to each portion.

Learn about splitting your home loan.

Handy home loan tools

You might also be interested in:

Mortgage Offset Account

Pay off your house sooner

Mortgage Offset Account

Access your money at any time while reducing the interest payable on your home loan.

  • 100% offset against your eligible BOQ Home Loan
  • No minimum balance
  • Easy access to your money when you need it
Learn more
Fixed Rate Home Loan
Discount 3 year fixed rate4
4.99 % P.A.
For Owner Occupiers with Principal and Interest repayments
Comparison rate^
5.59 % P.A.

Know what your repayments are for peace of mind

Fixed Rate Home Loan

A fixed rate home loan gives you the certainty of knowing exactly what your repayments will be for up to 5 years, while protecting yourself against any potential interest rate rises.

  • Owner occupier and investor options available
  • Great interest rates across our range of terms
  • Repayment options available include Principal and Interest repayments and Interest Only repayments
Enquire now Learn more

Need more home loan help? 

Buying your first home

We go the extra mile to help you buy your first home, with low rates and personalised support from start to finish.

Explore your options

Buying your next home

Whether you're upgrading, downsizing or buying a holiday home, we’re here to help you with your next move.

Help with your next move

Refinance your home loan

Switch to a BOQ home loan and enjoy great interest rates and a more personal approach to your banking.

Switch to a BOQ home loan

Buying an investment property

We're here to help you on your home loan journey when purchasing an investment property.

Start your investment

FAQs

  • What’s the difference between a fixed vs variable home loan?

    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. At the other end of the rate spectrum are variable rates. These move with the market, so if variable rates decrease, your repayments do too.

  • What is a redraw?

    Redraw is a feature of a variable rate mortgage 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 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.

Ready to get started?

We’re here to answer any questions you may have.

Get started online

Enquire now

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