---
title: "Economy Variable Home Loan — Bank of Queensland Limited"
description: "Home Loans from Bank of Queensland Limited. Rates, fees, features and eligibility as published under Australia's Consumer Data Right."
canonical: https://www.cdrcompare.au/brands/bank-of-queensland-limited/products/f2176288-5c03-ee11-8f6e-00224814dce7
source: "CDR Compare"
language: en-AU
last_updated: 2026-08-27T06:28:27Z
---

# Economy Variable Home Loan — Bank of Queensland Limited

> Home Loans from Bank of Queensland Limited. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare.

**Home Loans · Bank of Queensland**

A simple home loan doesn't mean you have to compromise on its features. With our Economy Home Loan, you'll enjoy an ongoing low variable interest rate with free redraw and flexible repayment options.

## At a glance

- **From (owner occupied):** 6.03% (6.18% comparison)

## Apply

Applications are handled by the provider: [Apply at Bank of Queensland Limited](https://www.boq.com.au/personal/home-loans/economy-home-loan)

## Interest rates

### Owner occupied — Principal & interest

| Type | Rate | Comparison | Applies to |
| --- | --- | --- | --- |
| Variable (Owner Occupier, Principal & Interest - max 70% LVR, minimum $150k. New lending only.) | 6.03% | 6.18% | LVR ≤70%; Amount $150,000+ |
| Variable (Owner Occupier, Principal & Interest - max 80% LVR, minimum $150k. New lending only.) | 6.08% | 6.23% | Amount $150,000+; LVR 70.01–80% |
| Variable (Owner Occupied, Principal & Interest - max 90% LVR, minimum $150k. New lending only) | 6.19% | 6.34% | Amount $150,000+; LVR 80.01–90% |
| Variable (Owner Occupier, Principal & Interest) | 7.57% | 7.71% | — |

### Owner occupied — Interest only

| Type | Rate | Comparison | Applies to |
| --- | --- | --- | --- |
| Variable (Owner Occupier, Interest Only) | 8.05% | 7.92% | — |

### Investment — Principal & interest

| Type | Rate | Comparison | Applies to |
| --- | --- | --- | --- |
| Variable (Investor, Principal & Interest - max 70% LVR, minimum $150k. New lending only) | 6.13% | 6.28% | Amount $150,000+; LVR ≤70% |
| Variable (Investor, Principal & Interest - max 80% LVR, minimum $150k. New lending only) | 6.19% | 6.34% | LVR 70.01–80%; Amount $150,000+ |
| Variable (Investor, Principal & Interest- max 90% LVR, minimum $150k. New lending only) | 6.44% | 6.58% | LVR 80.01–90%; Amount $150,000+ |
| Variable (Investor, Principal & Interest) | 7.92% | 8.06% | — |

### Investment — Interest only

| Type | Rate | Comparison | Applies to |
| --- | --- | --- | --- |
| Variable (Investor, Interest Only - max 70% LVR, minimum $150k. New lending only) | 6.39% | 6.38% | Amount $150,000+; LVR ≤70% |
| Variable (Investor, Interest Only - max 80% LVR, minimum $150k. New lending only) | 6.39% | 6.41% | Amount $150,000+; LVR 70.01–80% |
| Variable (Investor, Interest Only - max 90% LVR, minimum $150k. New lending only) | 6.59% | 6.64% | Amount $150,000+; LVR 80.01–90% |
| Variable (Investor, Interest Only) | 8.27% | 8.21% | — |

## Fees

| Fee | Type | Amount |
| --- | --- | --- |
| Settlement Fee | Upfront | $150.00 |
| Government and other charges — Fees payable to third parties. Fees may include but are not limited to - Mortgage duty, Mortgage lodgement fee, Land title search fee etc. Fees may vary by state. Refer to your loan schedule for a complete list of third-party fees that apply to your account. | Other | Variable |
| Application Fee | Upfront | $300.00 |
| Construction Loan Fee | Upfront | $250.00 |
| Security Release Fee — Payable when we agree (at your request) to discharge a security. | Exit | $350.00 |
| Production Fee — Payable if a certificate of title or any security is required to be produced to another financial institution. | Event | $150.00 |
| Consent Fee — Payable whenever we give consent (following a request from you) to a change in security. | Variation | $300.00 |
| Monthly Fee — Charged monthly · Discounts may apply in some cases. Refer to your Loan schedule for details. | Ongoing | $10.00 |
| Substitution of Security — Payable if we agree to substitution of a security for another security. | Variation | $300.00 |
| Default Fee — 10 · Payable 10 days after a repayment date if you have not paid your repayment or any other payment in full on or before that repayment date. A further default fee is payable 10 days after the repayment date in each subsequent month until all overdue amounts are paid. | Late payment | $30.00 |

## Features

- **Extra repayments** (Additional repayments - make unlimited additional repayments at any time)
- **Loan Purpose - Owner Occupied and Investment housing**
- **Redraw facility** (Unlimited free redraw- minimum $100.00 redraw.)
- **Security - Residential property**
- **Maximum LVR - 80% for both Owner Occupied and Investment purposes**
- **Digital banking**
- **Maximum loan term - 30 years**
- **Loan Switching- switching fee applies**
- **Minimum loan term - 1 year**
- **Repayment frequency -Weekly, fortnightly, monthly**
- **Repayment Options -Principal and Interest, Interest only (maximum 5 years; subject to approval)**
- **Statement frequency - 6 Monthly**
- **Split loans- fixed loan application fee applies**
- **Cashback offer** — 2000.0000000000 (The $2000 BOQ Classic Refinance Cashback offer is being extended for applications submitted on or after Friday, 28 August 2026 until the new application deadline of Sunday, 28 February 2027, and must settle within 120 days of the loan application date. All other eligibility criteria will remain unchanged.)

## Eligibility

- **Minimum age** — 18 years (Be 18 years of age or older)
- **Have never been bankrupt**
- **Earn a regular income**
- **Individuals only** (New and existing customers for new lending only. Not available for the refinance or restructure of existing BOQ lending)
- **Residency status** — Resident or Citizen (Be an Australian citizen or permanent resident)

## Constraints

- **Minimum LVR** — 0% (Minimum LVR)
- **Maximum LVR** — 90% (Maximum LVR)

## More information from Bank of Queensland Limited

- [Overview](https://www.boq.com.au/personal/home-loans/economy-home-loan)
- [Terms & conditions](https://www.boq.com.au/important-information/terms-and-conditions)
- [Eligibility](https://www.boq.com.au/personal/home-loans/economy-home-loan)
- [Fees & pricing](https://www.boq.com.au/content/dam/boq/files/terms-and-conditions/personal/personal-banking-guide-to-fees-and-charges.pdf)

## Data provenance

- Published by Bank of Queensland Limited under the Consumer Data Right
- Product ID: `f2176288-5c03-ee11-8f6e-00224814dce7`
- Last updated by the provider: 27 August 2026
- Source payload (JSON): https://www.cdrcompare.au/api/raw/bank-of-queensland-limited/f2176288-5c03-ee11-8f6e-00224814dce7
- Provider page: https://www.cdrcompare.au/brands/bank-of-queensland-limited
- CDR register entry: https://www.cdr.gov.au/find-a-provider?provider=000241

---

Source: [CDR Compare](https://www.cdrcompare.au/brands/bank-of-queensland-limited/products/f2176288-5c03-ee11-8f6e-00224814dce7) — product data published by Australian data holders under the Consumer Data Right. Not financial advice; no rankings, recommendations or affiliate relationships. Always confirm details with the provider.

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