At a glance

5.61 %P.A.
Standard Variable Owner Occupied Interest rate
5.77 %P.A.
Comparison rate^
Mortgage Offset and Redraw available

Our Standard Variable Home Loan

When you can't plan for life's ups and downs, a variable home loan with flexibility can help you navigate life with confidence.

Offset your mortgage

Save on interest with a Mortgage Offset Account 

Flexible repayments

Choose to repay weekly, fortnightly or monthly    

Additional repayments

Make additional repayments any time to pay off your home loan sooner, and draw on these funds when they're needed    

Loan features

Feature Detail
Loan term Maximum 30 years
Minimum loan amount No minimum
Maximum loan amount

Owner Occupied - 95% of property value(Principal and Interest Lending) and 80% of property value (Interest Only Lending)

Investment - 90% of property value* (Principal and Interest Lending) and 80% of property value (Interest Only Lending) 

Repayment type

Principal and Interest

Interest only (maximum 5 years; subject to approval)

Repayment options
  • Weekly
  • Fortnightly
  • Monthly
Additional repayments Yes - unlimited
Redraw Yes – minimum $100. Available through Internet Banking subject to approval.
Low Doc Option Yes
100% Mortgage Offset facility# Yes - personal customers only
Internet Banking Yes
EasyPhone Banking Yes

Interest rates

Standard Variable Home Loan Interest Rate

  Principal and Interest  Interest Only 
  Interest rate % p.a.
Comparison rate % p.a.^

Interest rate % p.a.

Comparison rate % p.a.^
Owner Occupier 5.61 5.77 6.01 5.94
Investor 6.18 6.34 6.58 6.52


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 Type Amount
Application Fee $495
Monthly Fee $10
Settlement Fee $150
Valuation Fee Amount varies

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

Important information

For important information on our Standard 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
  • A permanent resident of Australia
  • Earn a regular income

You might also be interested in:

Economy Variable Home Loan
Owner Occupier Rate
3.79 % P.A.
Comparison rate
3.95 % P.A.

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Economy Variable Home Loan

Getting a cheap home loan doesn't mean you have to compromise on its features.

  • Owner Occupier and Investor options available
  • Free redraw
  • Unlimited additional repayments
Clear Path Variable Home Loan
Interest rate
4.47 % P.A.
For owner occupiers
Comparison rate
4.60 % P.A.

Our most popular low rate loan, packed with features

Clear Path Variable Home Loan

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!

  • Owner occupier and investor options available
  • Mortgage offset
  • Flexible repayments