Personal and Car Loans
We are no longer accepting new applications for personal and car loan products.
Important update
From 28th October 2023 new applications for personal loans or car loans are no longer being accepted but existing accounts will remain open.
Personal loan
products
Fixed Rate Unsecured Personal Loan
This product is no longer offered for new applications.
- Low rate personal loans
- Flexible repayment options to suit your budget
- Pay off your loan sooner with unlimited extra repayments and no early repayment fees
Fixed Rate Secured Car Loan
This product is no longer offered for new applications.
- Pay off your loan sooner with unlimited extra repayments and no early repayment fees
- Flexible repayment options to suit your budget
- 1-7 year loan terms
Compare features
| Fixed Rate Unsecured Personal Loan | Fixed Rate Secured Car Loan | |
|---|---|---|
| Interest Rate | 10.99% p.a. | 7.39% p.a. |
| Comparison Rate* | 11.71% p.a. | 8.19% p.a. |
| Features | ||
| Interest rate | Fixed | Fixed |
| Repayment options | Principal and interest | Principal and interest |
| Minimum loan amount | $3,000 | $5,000 |
| Maximum loan amount | $40,000 | $80,000 |
| Minimum loan term | 1 year | 1 year |
| Maximum loan term | 7 years | 7 years |
| Redraw | Yes - in branch. Minimum $100, no fees apply. | Yes - in branch. Minimum $100, no fees apply. |
| Security | N/A | Motor vehicle secured |
| Repayment frequency | Weekly, fortnightly, monthly | Weekly, fortnightly, monthly |
| Extra repayments | Yes - no fees apply | Yes - no fees apply |
| Early payout | Yes - no fees apply | |
| Internet Banking | ||
| Fees | ||
| Application fee *^ | $150 | $195 |
| Monthly maintenance fee | $7.50 | $7.50 |
| Agreed credit advance fee | N/A | N/A |
*^ This product is no longer offered
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BONUS INTEREST VARIABLE RATE FOR BALANCES UP TO $250,000 IF BONUS CRITERIA MET**
Smart Saver Account
Our high-interest saving accounts for customers 36 years or older, with easy-to-earn bonus interest and no monthly account keeping fees.
- Access your money whenever you need, exclusively on the all-new myBOQ mobile app. Please note: As an app-exclusive account, it cannot be accessed via Internet Banking.
- Let your high interest savings soar higher. Supercharge your savings with easy to earn Bonus Interest.
- Simply deposit $1,000 into your linked Everyday Account from an external bank account (cash and cheque deposits excluded) and make 5 or more eligible transactions (settled, not pending).
- Stay on track and manage your savings. Set up savings goals to keep you on track with your targets.
- Switch on Round Ups to add to your savings without even thinking about it! We’ll round each of your transactions to the nearest dollar and put the extra right into your savings.
Save with lower interest rates
Low Rate Visa Credit Card
Why pay high interest rates? With our Low Rate Credit Card, you can save straight away with our balance transfer offer *
- 0% p.a. on balance transfers for the first 18 months reverting to the cash advance rate thereafter*
- No fees on balance transfers
- Up to 55 days interest free on purchases (unless you have a balance transfer)**
