Bank of Queensland home loans

How we calculate Home Loan Finder Scores

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What different scores mean

9+

Excellent

These home loans offer low costs, coupled with a host of features, giving the best overall value.

7+

Great

These home loans may have slightly higher interest rates or fewer features but overall, a competitive offering.

5+

Standard

Usually the home loans would offer above average rates. They may still include some competitive features.

0+

Basic

Higher costs and/or fewer features.

Compare Bank of Queensland home loans for April 2025

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Name	Finder Score	Interest Rate p.a.	Comparison Rate p.a.	Fees	Monthly Payment
Bank of Queensland Clear Path Variable Rate Home Loan Principal & Interest20% min. depositOwner-occupierOffset account Bank of Queensland Clear Path Variable Rate Home Loan Principal & Interest20% min. depositOwner-occupierOffset account Details Fees Pros & cons Product Name Bank of Queensland Clear Path Variable Rate Home Loan Interest Rate Type variable rate Repayment Type Principal & Interest Interest Rate p.a. 5.99% Comp. Rate p.a. 6.11% Minimum Loan Amount $0 Maximum Loan Amount N/A Maximum Loan Term 30 years Maximum LVR 80% Loan Redraw Facility Yes Offset Account Yes Split Loan Facility Yes Fixed Interest Option No Loan Portable Extra Repayments Yes Application Fee $0 Lender's Legal Fee $350 Valuation Fee One Free Valuation Ongoing Fees $10 monthly ($120 p.a.) Settlement Fee $150 Discharge Fee $350 Pros No application fees100% offset accountFree redraws Cons There is $10 monthly feeThere is $150 settlement fee	Finder score 9.2 Excellent	Interest Rate 5.99%	Comparison Rate 6.11%	Fees Application: $0 Ongoing: $10 per month	Monthly Payment $900	Continue Compare
Bank of Queensland Economy Home Loan Principal & Interest30% min. depositInvestment Bank of Queensland Economy Home Loan Principal & Interest30% min. depositInvestment Details Fees Pros & cons Product Name Bank of Queensland Economy Home Loan Interest Rate Type variable rate Repayment Type Principal & Interest Interest Rate p.a. 5.99% Comp. Rate p.a. 6.14% Minimum Loan Amount $0 Maximum Loan Amount N/A Maximum Loan Term 30 years Maximum LVR 70% Loan Redraw Facility Yes Offset Account No Split Loan Facility No Fixed Interest Option No Loan Portable Extra Repayments Yes Application Fee $300 Lender's Legal Fee $350 Valuation Fee One Free Valuation Ongoing Fees $10 monthly ($120 p.a.) Settlement Fee $150 Discharge Fee $350 Pros Redraw facility. Make additional repayments at any time without penalty Withdraw excess funds from the mortgage using the redraw facility (minimum redraw amount $100) Cons There is a $300 application fee There is a $10 per year account fee A discharge fee of $350 applies when you close your home loan account	Finder score 9.1 Excellent	Interest Rate 5.99%	Comparison Rate 6.14%	Fees Application: $300 Ongoing: $10 per month	Monthly Payment $900	Continue Compare
Bank of Queensland Economy Home Loan Principal & Interest20% min. depositInvestment Bank of Queensland Economy Home Loan Principal & Interest20% min. depositInvestment Details Fees Pros & cons Product Name Bank of Queensland Economy Home Loan Interest Rate Type variable rate Repayment Type Principal & Interest Interest Rate p.a. 5.99% Comp. Rate p.a. 6.14% Minimum Loan Amount $0 Maximum Loan Amount N/A Maximum Loan Term 30 years Maximum LVR 80% Loan Redraw Facility Yes Offset Account No Split Loan Facility No Fixed Interest Option No Loan Portable Extra Repayments Yes Application Fee $300 Lender's Legal Fee $350 Valuation Fee One Free Valuation Ongoing Fees $10 monthly ($120 p.a.) Settlement Fee $150 Discharge Fee $350 Pros Redraw facility. Make additional repayments at any time without penalty Withdraw excess funds from the mortgage using the redraw facility (minimum redraw amount $100) Cons There is a $300 application fee There is a $10 per year account fee A discharge fee of $350 applies when you close your home loan account	Finder score 9.1 Excellent	Interest Rate 5.99%	Comparison Rate 6.14%	Fees Application: $300 Ongoing: $10 per month	Monthly Payment $900	Continue Compare
Bank of Queensland Clear Path Variable Rate Home Loan Principal & Interest20% min. depositInvestmentOffset account Bank of Queensland Clear Path Variable Rate Home Loan Principal & Interest20% min. depositInvestmentOffset account Details Fees Pros & cons Product Name Bank of Queensland Clear Path Variable Rate Home Loan Interest Rate Type variable rate Repayment Type Principal & Interest Interest Rate p.a. 6.24% Comp. Rate p.a. 6.36% Minimum Loan Amount $0 Maximum Loan Amount N/A Maximum Loan Term 30 years Maximum LVR 80% Loan Redraw Facility Yes Offset Account Yes Split Loan Facility Yes Fixed Interest Option No Loan Portable Extra Repayments Yes Application Fee $0 Lender's Legal Fee $350 Valuation Fee One Free Valuation Ongoing Fees $10 monthly ($120 p.a.) Settlement Fee $150 Discharge Fee $350 Pros No application fees100% offset accountFree redraws Cons There is $10 monthly feeThere is $150 settlement fee	Finder score 9.1 Excellent	Interest Rate 6.24%	Comparison Rate 6.36%	Fees Application: $0 Ongoing: $10 per month	Monthly Payment $924	Continue Compare
Bank of Queensland Clear Path Variable Rate Home Loan Interest only20% min. depositInvestmentOffset account Bank of Queensland Clear Path Variable Rate Home Loan Interest only20% min. depositInvestmentOffset account Details Fees Pros & cons Product Name Bank of Queensland Clear Path Variable Rate Home Loan Interest Rate Type variable rate Repayment Type Interest Only Interest Rate p.a. 6.34% Comp. Rate p.a. 6.41% Minimum Loan Amount $0 Maximum Loan Amount N/A Maximum Loan Term 30 years Maximum LVR 80% Loan Redraw Facility Yes Offset Account Yes Split Loan Facility Yes Fixed Interest Option No Loan Portable Extra Repayments Yes Application Fee $0 Lender's Legal Fee $350 Valuation Fee One Free Valuation Ongoing Fees $10 monthly ($120 p.a.) Settlement Fee $150 Discharge Fee $350 Pros No application fees100% offset accountFree redraws Cons There is $10 monthly feeThere is $150 settlement fee	Finder score 9.1 Excellent	Interest Rate 6.34%	Comparison Rate 6.41%	Fees Application: $0 Ongoing: $10 per month	Monthly Payment $934	Continue Compare

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Bank of Queensland home loan features

Here are the key features and details you need to know about Bank of Queensland's mortgage products.

How do I apply for a Bank of Queensland mortgage?

When applying for any home loan, you will need various documents to establish your identity, your financial situation, employment status and details about the property.

Eligibility

Each Bank of Queensland product has specific eligibility criteria, but some will apply to all products. For example:

• Age. You must be over 18 years of age.
• Residency. You should be a resident of Australia.
• Employment. You should have a regular source of income.

Documents required

When you apply for a mortgage with Bank of Queensland you are required to provide certain information, so make sure you have all your documents ready before you apply. The documents you will be expected to provide are:

📄 Property details. You can start a loan enquiry before you've bought a property, but to complete an application, you need the address of the property and a signed contract of sale.

📄 Identification documents. You will need identification such as a driver's licence, passport or birth certificate.

📄 Proof of income documents. Recent payslips can establish your income.

📄 Asset and liability documents. You need to provide documents showing your current assets (such as savings accounts or investments) and liabilities (for example, your outstanding debt).

How to apply for a home loan

Lenders like Bank of Queensland

If you're looking for a home loan from a similar lender to the Bank of Queensland, you could look at the Big Four or some of Australia's other mid-sized lenders.

• Big Four banks. Check out home loans from Australia's Big Four banks.
• AMP. AMP is a large Australian lender and financial services provider.
• Suncorp Bank. This Queensland-based lender also provides insurance and superannuation services.
• Macquarie Bank. This retail and investment bank is one of Australia's largest.
• ING. This online bank is part of the global, Dutch-based financial group of the same name.

More home loan questions

• How do I compare Bank of Queensland home loans?

  To make sure you find the right Bank of Queensland loan, you need a clear idea of what you're looking for in a mortgage. These simple questions can help:

  • What's your deposit size? Many of Bank of Queensland's most competitive rates are available to borrowers with 20% deposits, but some are available with just a 10% deposit. This is important to consider if you haven't saved a large deposit.
  • What is the purpose of the loan? If you're buying a home to live in, you need an owner-occupier loan. Property investors need an investment loan rate. Bank of Queensland offers various options for both borrower types.
  • Fixed or variable? Do you want the flexibility of a variable rate loan that could rise or fall at any time? Or are you happy to lock in a fixed rate for a certain period so you can forget about rate changes altogether?
  • What features do you need? You need to decide whether you need features like a 100% offset account, the ability to make extra repayments and the option to split your rate.

• What is home loan pre-approval?

  Home loan pre-approval is an optional step in the application process that some lenders offer. Pre-approval means a lender has examined your savings, income and spending habits and has a rough idea of how much it could lend you. It's not the same as full loan approval and it's no guarantee that the lender will ultimately approve a full application. But it does allow borrowers to start looking for a home with more confidence and a clearer idea of their borrowing power.

• Are there any risks going with a smaller lender?

  Most Australian borrowers bank with one of the Big Four banks (Commbank, ANZ, Westpac and NAB). You might have some concerns about getting a loan from a smaller lender you've never heard of. But there's no reason to worry just because you've never heard of a lender before.

  In Australia, banks and lenders are regulated by the Australian Prudential Regulation Authority (APRA) or the Australian Securities and Investments Commission (ASIC) and must comply with the National Consumer Credit Protection Act.

  The Bank of Queensland is an authorised deposit-taking institution (ADI). This means customers with money deposited in a Bank of Queensland savings account benefit from the deposit guarantee scheme. This federal government scheme guarantees a customer's savings up to $250,000, even if the bank itself collapses.

• Should I go with a fixed or variable rate?

  Deciding between a fixed or variable rate depends on what you want from the loan. A variable rate loan can change at any time, either up or down. A variable rate usually offers more flexibility in how fast you can repay the loan and the cost of refinancing.

  A fixed rate loan offers total certainty about your rate, for the fixed period. This means it won't rise, costing you more. But if your lender starts lowering rates you won't benefit either. Refinancing a fixed rate loan means breaking the loan, because you've agreed to a specific rate. This means you may have to pay a fixed rate break fee.

• Do I need a mortgage broker?

  Mortgage brokers are home loan professionals who can help you find a suitable loan. A broker typically charges you no fee, because they receive a commission from your lender. Brokers are great if you are short on time or find the whole process of researching and applying for a home loan confusing. But you can definitely do it yourself and find a good loan. You may even find a better deal. That's because brokers don't compare loans from every lender in the market. They have access to a panel of loans and often don't have smaller online lenders in their panel.

Compare other products from Bank of Queensland

• Bank of Queensland credit cards
• Bank of Queensland savings accounts
• Bank of Queensland business loans
• Bank of Queensland home insurance
• Bank of Queensland car insurance

What is Finder Score?

The Finder Score crunches 7,000 home loans across 120+ lenders. It takes into account the product's interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate - this gives you a simple score out of 10.

To provide a Score, we compare like-for-like loans. So if you're comparing the best home loans for cashback, you can see how each home loan stacks up against other home loans with the same borrower type, rate type and repayment type. We also take into consideration the amount of cashback offered when calculating the Score so you can tell if it's really worth it.

Read the full Finder Score breakdown

Written by

Richard Whitten

Money Editor

Richard Whitten is Finder’s Money Editor, with over seven years of experience in home loans, property and personal finance. His insights appear in top media outlets like Yahoo Finance, Money Magazine, and the Herald Sun, and he frequently offers expert commentary on television and radio, helping Australians navigate mortgages and property ownership. Richard holds multiple industry certifications, including a Certificate IV in Mortgage Broking (RG 206) and Tier 1 and Tier 2 certifications (RG 146), as well as a Graduate Certificate in Communications from Deakin University. See full bio

Richard's expertise

Richard has written 599 Finder guides across topics including:

• Home loans
• Property
• Personal finance
• Money-saving tips