Economy Variable Home Loan
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.
Category: Home Loans Last Updated November 23, 2025 Effective December 22, 2025
General Lending Rates
Rates listed below are for a VARIABLE Owner Occupied P&I product. Additional Information Owner Occupier, Principal & Interest - max 70% LVR, minimum $150k. New lending only.
Interest Rate
5.33% PA
5.33% PA
Comparison Rate
5.46%PA*
5.46%PA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.
Product Variations
Product rates and conditions will vary based on the LVR and other conditions..
Amount
Minimum: $150000.00 Maximum: $
- Lending Rate Type: Variable
- Interest Rate: 5.33%, Comparison Rate 5.46%
- Repayment Type: Principal And Interest
- Loan Purpose: Owner Occupied
LVR
- Lending Rate Type: Variable
- Interest Rate: 5.33%, Comparison Rate 5.46%
- Repayment Type: Principal And Interest
- Loan Purpose: Owner Occupied
LVR
Minimum: 70.01 PERCENT Maximum: 80 PERCENT
- Lending Rate Type: Variable
- Interest Rate: 5.49%, Comparison Rate 5.62%
- Repayment Type: Principal And Interest
- Loan Purpose: Investment
Amount
Minimum: $150000.00 Maximum: $
- Lending Rate Type: Variable
- Interest Rate: 5.49%, Comparison Rate 5.62%
- Repayment Type: Principal And Interest
- Loan Purpose: Investment
LVR
Minimum: 70.01 PERCENT Maximum: 80 PERCENT
- Lending Rate Type: Variable
- Interest Rate: 5.38%, Comparison Rate 5.51%
- Repayment Type: Principal And Interest
- Loan Purpose: Owner Occupied
Amount
Minimum: $150000.00 Maximum: $
- Lending Rate Type: Variable
- Interest Rate: 5.38%, Comparison Rate 5.51%
- Repayment Type: Principal And Interest
- Loan Purpose: Owner Occupied
LVR
Minimum: 80.01 PERCENT Maximum: 90 PERCENT
- Lending Rate Type: Variable
- Interest Rate: 5.99%, Comparison Rate 5.85%
- Repayment Type: Interest Only
- Loan Purpose: Investment
Amount
Minimum: $150000.00 Maximum: $
- Lending Rate Type: Variable
- Interest Rate: 5.99%, Comparison Rate 5.85%
- Repayment Type: Interest Only
- Loan Purpose: Investment
LVR
Minimum: 70.01 PERCENT Maximum: 80 PERCENT
- Lending Rate Type: Variable
- Interest Rate: 5.64%, Comparison Rate 5.68%
- Repayment Type: Interest Only
- Loan Purpose: Investment
Amount
Minimum: $150000.00 Maximum: $
- Lending Rate Type: Variable
- Interest Rate: 5.64%, Comparison Rate 5.68%
- Repayment Type: Interest Only
- Loan Purpose: Investment
LVR
Minimum: 80.01 PERCENT Maximum: 90 PERCENT
- Lending Rate Type: Variable
- Interest Rate: 5.59%, Comparison Rate 5.72%
- Repayment Type: Principal And Interest
- Loan Purpose: Owner Occupied
Amount
Minimum: $150000.00 Maximum: $
- Lending Rate Type: Variable
- Interest Rate: 5.59%, Comparison Rate 5.72%
- Repayment Type: Principal And Interest
- Loan Purpose: Owner Occupied
LVR
- Lending Rate Type: Variable
- Interest Rate: 5.64%, Comparison Rate 5.68%
- Repayment Type: Interest Only
- Loan Purpose: Investment
Amount
Minimum: $150000.00 Maximum: $
- Lending Rate Type: Variable
- Interest Rate: 5.64%, Comparison Rate 5.68%
- Repayment Type: Interest Only
- Loan Purpose: Investment
LVR
Minimum: 80.01 PERCENT Maximum: 90 PERCENT
- Lending Rate Type: Variable
- Interest Rate: 5.84%, Comparison Rate 5.97%
- Repayment Type: Principal And Interest
- Loan Purpose: Investment
Amount
Minimum: $150000.00 Maximum: $
- Lending Rate Type: Variable
- Interest Rate: 5.84%, Comparison Rate 5.97%
- Repayment Type: Principal And Interest
- Loan Purpose: Investment
Product Features
- Extra Repayments Additional Information: Additional repayments - make unlimited additional repayments at any time
- Cashback Offer Additional Information: $2,000 cashback offer only available for owner occupier and investor home loan applications received through a BOQ Branch from 07 July 2025 and settles within 120 days of the loan application date. Applicants must be Australian residents aged 18 years and over who are personal customers taking out a new home loan with BOQ for purchase of an owner occupied or investment residential property. Offer available on BOQ’s Clear Path, Economy, or Fixed Rate home loan products only for owner occupier and investor loans and not available for owner occupier interest only loans and construction loans. Minimum total new lending of $400,000 with a loan to value ratio (LVR) above 80% and subject to the requirement to pay Lenders Mortgage Insurance (LMI). Only one cash back will be paid per qualifying home loan application regardless of the number of borrowers.
- Other Additional Information: Loan Purpose - Owner Occupied and Investment housing
- Redraw Additional Information: Unlimited free redraw- minimum $100.00 redraw.
- Other Additional Information: Security - Residential property
- Other Additional Information: Maximum LVR - 80% for both Owner Occupied and Investment purposes
- Digital Banking
- Other Additional Information: Maximum loan term - 30 years
- Other Additional Information: Loan Switching- switching fee applies
- Other Additional Information: Minimum loan term - 1 year
- Other Additional Information: Repayment frequency -Weekly, fortnightly, monthly
- Other Additional Information: Repayment Options -Principal and Interest, Interest only (maximum 5 years; subject to approval)
- Other Additional Information: Statement frequency - 6 Monthly
- Other Additional Information: Split loans- fixed loan application fee applies
Product Eligibility
- Min Age - 18. Additional Information: Be 18 years of age or older
- Other Additional Information: Have never been bankrupt
- Other Additional Information: Earn a regular income
- Natural Person Additional Information: New and existing customers for new lending only. Not available for the refinance or restructure of existing BOQ lending
- Residency Status - Resident Or Citizen. Additional Information: Be an Australian citizen or permanent resident
Bank Fees and Charges
- Production Fee (Event), Amount: 150.0000. Additional Information: Payable if a certificate of title or any security is required to be produced to another financial institution.
- Settlement Fee (Upfront), Amount: 150.0000.
- Substitution Of Security (Event), Amount: 300.0000. Additional Information: Payable if we agree to substitution of a security for another security.
- Construction Loan Fee (Upfront), Amount: 250.0000.
- Consent Fee (Event), Amount: 300.0000. Additional Information: Payable whenever we give consent (following a request from you) to a change in security.
- Default Fee (Event), Amount: 30.0000. Additional Information: 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.
- Application Fee (Upfront), Amount: 300.0000.
- Government And Other Charges (Variable), Amount: Not Listed.. Additional Information: 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.
- Security Release Fee (Event), Amount: 350.0000. Additional Information: Payable when we agree (at your request) to discharge a security.
- Monthly Fee (Periodic), Amount: 10.0000. Additional Information: Discounts may apply in some cases. Refer to your Loan schedule for details.
Limitations & Restrictions (Constraints)
- Max Lvr of 90.0000000000 Additional Information: Maximum LVR
- Min Lvr of 0.0000000000 Additional Information: Minimum LVR
Document Downloads
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