Economy Variable Home Loan
Save with our simple variable home loan product
Enquire onlineAt a glance
6.18 %P.A.
Owner Occupier Principal and Interest Rate +
6.33 %P.A.
Comparison Rate^
FREE
Redraw
FREE
Residential valuation**
Our Economy Variable Home Loan*
A simple home loan doesn't mean you have to compromise on its features. With our Economy Variable Home Loan, you'll enjoy an ongoing low variable home loan interest rate with free redraw and flexible repayment options.
Up to 90% of security property
Available for both owner occupier and investor purposes.
Flexible repayment options
Choose weekly, fortnightly or monthly repayments.
Unlimited free redraw
Access your extra repayments anytime via Internet Banking. Minimum $100.00. No forms needed & no fees apply. Learn about redraw.
Ready to get started?
Enquire now Call us on 1300 55 72 72
Loan features
| Terms | Detail |
|---|---|
Loan Purpose |
Owner Occupied and Investment housing |
Mortgage Offset |
Not available |
Unlimited Free Redraw |
Minimum $100.00 redraw. No fees apply. Learn about redraw. |
Split Loans |
Yes – fixed loan application fee applies |
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) |
90% # |
Construction Home Loans |
Not available |
Eligibility |
New and existing customers for new lending only. Not available for the refinance or restructure of existing BOQ lending |
Interest rates
Economy Variable Home Loan 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 | 7.57 | 7.71 | 8.05 | 7.20 |
Owner Occupier - max 70% LVR + (minimum $150k. New lending only) |
6.18 (1.39% p.a. discount) |
6.33 | 8.05 | 7.20 |
Owner Occupier - max 80% LVR ++ (minimum $150k. New lending only) |
6.23 (1.34% p.a. discount) |
6.38 | 8.05 | 7.20 |
Owner Occupier - max 90% LVR +++ (minimum $150k. New lending only) |
6.39 (1.18% p.a. discount) |
6.53 | 8.05 | 7.20 |
| Investor | 7.92 | 8.06 | 8.27 |
7.39 |
Investor - max 70% LVR + (minimum $150k. New lending only) |
6.34 (1.58% p.a. discount) |
6.48 | 6.49 (1.78% p.a. discount) |
6.58 |
Investor - max 80% LVR ++ (minimum $150k. New lending only) |
6.39 (1.53% p.a. discount) |
6.53 | 6.54 (1.73% p.a. discount) |
6.60 |
Investor - max 90% LVR +++ (minimum $150k. New lending only) |
6.59 (1.33% p.a. discount) |
6.73 | 6.89 (1.38% p.a. discount) |
6.76 |
Ready to get started?
Enquire now Call us on 1300 55 72 72
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.
| Fees | Amount |
|---|---|
Application Fee |
$300 |
Monthly Fee |
$10.00 each month |
Valuation Fee |
One free per application ** |
Settlement Fee ~ |
$150 |
A full list of fees can be found in our Fees and Charges Guide below.
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
Important Information
For important information on our Economy Variable Home Loan, view our Terms and Conditions.
Handy tools
You might also be interested in:
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
Protect your most valuable asset
Home and Contents Insurance
Our Home & Contents Insurance helps prevent avoidable accidents and keeps you protected from avoidable events in your home. We're investing in making your home a safer space, all year round, with smarter solutions.
- Complimentary smart sensors for your Home and Contents Policy*
- A lower premium for using the smart sensors*
- Cover for Homeowners and Renters
- Cover for flood, fire, or storm
- Add the extra cover you need
What can we help you with today?
