Standard Variable Home Loan
A flexible home loan option that gives you all the features you’d expect, including a mortgage offset facility plus flexibility with your repayment and redraw options.
Features and benefits
| Feature | Detail |
|---|
Loan term | Maximum 30 years |
Minimum loan amount | No minimum |
Maximum loan amount | - Owner-occupied - 100% of property value*
- Investment - 95% of property value*
|
Repayment type | - Principal and Interest
- Interest Only (maximum 5 years; subject to approval)
|
Repayment options | |
Additional repayments | Yes – make unlimited additional repayments any time and pay off your loan sooner. |
Redraw (application form PDF 398kb) | Yes – redraw allows you to easily access your advance repayments, minimum $100. Available through Internet Banking subject to approval. |
Low Doc Option | Yes |
100% Mortgage Offset facility | Yes |
Internet Banking | Yes |
EasyPhone Banking | Yes |
* Requires mortgage insurance if the amount borrowed is more than 80% of the valuation of the security property.
Interest rates
| Annual percentage rate (% p.a.) | 7.74 - standard variable 7.84 - standard variable investment |
| Comparison rate (% p.a.) | 7.86 - standard variable |
| Reference rates: | Standard variable housing rate, standard variable investment housing rate |
Fees and charges
Application fee: $495
Home loan fee: $8.00 each month
Mortgage Offset Account: $10.00 each month
Fee savings: You can nominate one of your Reverse Charges AccountTM to be free of monthly account maintenance fees.
Additional information
Valuation fees are payable. Government fees and charges apply. Fees and charges are payable. Normal credit assessment criteria apply. Full terms and conditions are available at any Bank of Queensland branch. Interest rates quoted are indicative only, and are subject to change without notice.
Comparison Rate calculated on a loan amount of $150,000 over a term of 25 years based on monthly repayments. These rates are for secured loans only.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. Comparison rates calculated for a wider range of loan amounts and terms are available on the Bank of Queensland Home Loan Comparison Rate Schedule (PDF 16kb). A Comparison Rate Schedule is also available from any Bank of Queensland branch.
To apply for a home loan, complete the application form (PDF 409kb), take it to one of our convenient locations and an appointment with one our lending staff will be arranged for you to discuss the various loans options available. Look at the information we need from you. Call us on 1300 55 72 72 with any queries.
Important information
Please view the terms and conditions listed below on the Terms and Conditions page:
- Personal Banking Guide to Fees and Charges
- Personal Lending Supplementary Terms and Conditions
Products issued by Bank of Queensland Limited ABN 32 009 656 740 AFSL 244616. This website contains general advice. This advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of any advice before acting on it. You should obtain and consider the terms and conditions, Financial Services Guide and Guide to Fees and Charges for the product before making any decision about whether to acquire or continue to hold it. You can obtain a copy of those documents from any Bank of Queensland branch.