At a glance

3.79 %P.A.
Principal and Interest Owner Occupier Rate
3.95 %P.A.
Comparison Rate^
$ 0
Application fee
Residential valuation**

Our Economy Variable Home Loan*


Getting a cheap home loan doesn't mean you have to compromise on its features. With our Economy Variable Home Loan, you'll enjoy our lowest home loan interest rate with free redraw and flexible repayment options.

Up to 80% of security property

Principal and Interest Lending only. Not available for Interest Only Lending

Flexible repayment options

Choose weekly, fortnightly or monthly repayments

Free redraw

Redraw a minimum of $100 – no fees apply

Loan features

Terms Detail

Loan Purpose

Owner Occupied and Investment housing

Mortgage Offset

Not available


Yes – minimum $100.00 redraw. No fees apply

Split Loans

Yes – fixed loan application fee applies

Repayment Options

Principal and Interest only

Repayment Frequency

Weekly, fortnightly, monthly

Electronic Banking

Internet and Mobile

Maximum Loan to Value Ratio (LVR)

80% for both Owner Occupied and Investment purposes

Construction Home Loans

Not available


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

Interest rates

  Principal and Interest Interest only


Interest Rate % p.a.

Comparison Rate % p.a.^

Interest Rate % p.a.

Comparison Rate % p.a.^

Owner Occupier 3.79 3.95 4.29 4.15
Investor 4.09 4.25 4.59







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 Amount

Application Fee


Monthly Fee

$10.00 each month

Valuation Fee

One free per application**

Settlement Fee^


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


Important Information 

For important information on our Economy 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:

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

You might also be interested in:

Fixed Rate Home Loan
Discount 3 year fixed rate4
3.87 % P.A.
For owner occupiers
Comparison rate
4.47 % 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
  • Principal and interest, or interest only repayments
Home and Contents Insurance

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