At a glance

2.88 %P.A.
Owner Occupier Principal and Interest Rate +
3.05 %P.A.
Comparison Rate^
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 80% 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 more.

Ready to get started?

Enquire now    Book a Chat    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

Yes – minimum $100.00 redraw. No fees apply. Learn more.

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)

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

Ready to get started?

Enquire now    Book a Chat    Call us on 1300 55 72 72

Interest rates

Economy Variable Home Loan Rates

  Principal and Interest Interest only


Interest Rate % p.a.

Comparison Rate % p.a.^

Interest Rate % p.a.

Comparison Rate % p.a.^

Owner Occupier 4.07 4.23 4.55 4.42

Owner Occupier - max 70% LVR +

(minimum $150k. New lending only)


(1.19% p.a. discount) 

3.05 N/A N/A

Owner Occupier - max 80% LVR ++

(minimum $150k. New lending only)


(1.14% p.a. discount) 

3.10 N/A N/A
Investor 4.42 4.57 4.77

Investor - max 70% LVR #

(minimum $150k. New lending only)


(1.28% p.a. discount) 

3.30 N/A N/A

Investor - max 80% LVR ##

(minimum $150k. New lending only)


(1.23% p.a. discount) 



(1.28% p.a. discount) 


Ready to get started?

Enquire now    Book a Chat    Call us on 1300 55 72 72


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.


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.

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

Smarter Home insurance is here. BOQ has partnered with Honey Insurance to offer you Australia's first smart home insurance - helping you prevent avoidable accidents in your home. Make sure your home and contents are protected should the unthinkable happen.

  • Complimentary smart sensors for your home and contents policy*
  • A lower premium for being smarter*
  • Combined or separate home and contents insurance
  • Cover when flood, fire or when a storm hits
  • Add the extra cover you need

What can we help you with today? 

Buying Your First Home

See more

Buying Your Next House

See more

Refinance Your Home Loan

See more

Buying An Investment Property

See more