BOQ Spring Campaign Home Loan Offers

Our Spring Campaign customer offers launch on Monday 10 September. Designed to target first home buyers who are looking to buy their first home, as well as people buying their next home or refinancing their current home, a range of offers will be available to aid you in winning new business:

  • Intro Rate Variable Home Loan Launch
  • Special Offers

Intro Rate Variable Home Loan Launch

Effective Monday 10 September 2018, we will be launching our new Intro Rate Variable Home Loan, which is a fully featured home loan that offers a great discounted variable rate for the first two years and then rolls to a discounted Clear Path Variable Rate for the remaining term.

The campaign rates for the two-year intro period and the roll-to period are in the table below:

Loan Type

Clear Path Rate

Intro discount

Roll-to discount

Intro Rate

Roll-to Rate

Comparison Rate

Owner Occupied / P&I

4.56%

0.97%

0.40%

3.59%

4.16%

4.19%

Owner Occupied / IO

5.02%

1.03%

0.40%

3.99%

4.16%

4.27%

Investor / P&I

5.19%

1.45%

0.85%

3.74%

4.34%

4.37%

Investor / IO

5.59%

1.45%

0.85%

4.14%

4.34%

4.44%

Please note the following restrictions apply:

  • Only available for applications received on or after Monday 10 September 2018, and available until Sunday 16 December 2018;
  • Not available for refinance or restructure of existing BOQ lending;
  • New to Bank lending only, with minimum $150k loan amount;
  • LVR 90% or lower with LMI held (LVR 90% inclusive of capitalised LMI);
    • Lending with LVR 80% to 90% with no LMI is not eligible;
    • Lending with LVR over 90% is not eligible;

Construction loans: the intro discount is applied to the Interest Only reference rate during the construction period.

Special Offers - Owner Occupied and Investor

In conjunction with the launch of the Intro Rate Variable Home Loan products and the current Fixed Rate campaign offers, the special offers are being changed as below, resulting in some final rates increasing, some decreasing, and a change to the bands.

Product

Application Amount

Clear Path

HLPP

Carded Rate

Discount

Final Rate

Carded Rate

Discount

Final Rate

Owner Occupied P&I

<$250k

4.56%

0.00%

4.56%

5.20%

0.64%

4.56%

$250k - $500k

4.56%

0.57%

3.99%

4.85%

0.86%

3.99%

$500k - $1m

4.56%

0.72%

3.84%

4.85%

1.01%

3.84%

>$1m

4.56%

0.87%

3.69%

4.80%

1.11%

3.69%

Owner Occupied IO

<$250k

5.02%

0.00%

5.02%

5.66%

0.64%

5.02%

$250k - $500k

5.02%

0.63%

4.39%

5.31%

0.92%

4.39%

$500k - $1m

5.02%

0.78%

4.24%

5.31%

1.07%

4.24%

>$1m

5.02%

0.93%

4.09%

5.26%

1.17%

4.09%

Investor P&I

<$250k

5.19%

0.00%

5.19%

5.83%

0.64%

5.19%

$250k - $500k

5.19%

1.05%

4.14%

5.48%

1.34%

4.14%

$500k - $1m

5.19%

1.20%

3.99%

5.48%

1.49%

3.99%

>$1m

5.19%

1.35%

3.84%

5.43%

1.59%

3.84%

Investor IO

<$250k

5.59%

0.00%

5.59%

6.23%

0.64%

5.59%

$250k - $500k

5.59%

1.05%

4.54%

5.88%

1.34%

4.54%

$500k - $1m

5.59%

1.20%

4.39%

5.88%

1.49%

4.39%

>$1m

5.59%

1.35%

4.24%

5.83%

1.59%

4.24%

Special Rate Offers may only be exercised if the following are satisfied:

  • Only available for applications received on or after Monday 10 September 2018, and available until further notice;
  • Not available for refinance or restructure of existing BOQ lending;
  • New to Bank lending only
  • LVR 80% or lower, or LVR 90% or lower with LMI held (LVR 90% inclusive of capitalised LMI);

Lending with LVR 80% to 90% with no LMI is not eligible;

Lending with LVR over 90% is not eligible;

  • Split lending available;
  • Clear Path and HLPP loans only;
  • IO lending: discount applies to the Interest Only term of the loan and will not carry over to the P&I term;
  • Construction loans: the discount (see discount column) is applied to the construction and post-construction phase of the loan. If reference rates move before conclusion of the construction phase, the final rate listed above may differ.

Special Offer Eligibility

  • Eligible applications received before Monday, 10 September 2018 will qualify for the discounts available under the previous special offers;
  • Applications received on or after Monday, 10 September 2018 will be eligible for the new special offers above.

Updated Rate Flyers are attached, should you have any questions please contact your Business Development Manager.

The launch of our new Intro Rate Variable Home Loan

Effective Monday 10 September 2018, we will be launching our new Intro Rate Variable Home Loan, which is a fully featured home loan that offers a great discounted variable rate for the first two years and then rolls to a discounted Clear Path Variable Rate for the remaining term.

Product Features

  • No application fee
  • $10 monthly fee
  • One free valuation per application
  • Mortgage Offset
  • Redraw available
  • P&I or Interest Only repayments (2yr IO term only)
  • Owner Occupier and Investor
  • Available for construction (interest only reference rate applies during construction)

Restrictions

  • $150,000 minimum loan amount
  • 90% maximum LVR (inclusive of LMI)
  • New to bank lending only
  • Not available for the internal refinance of existing BOQ loans

* The new Intro Rate products will not be available in ApplyOnline until later this month. As an interim measure Brokers will be required to select another product e.g. Clear Path and detail the product required in their notes.

Changes to the Standard Fixed Rate roll to Rate

Effective Monday 10 September 2018, the roll to rate for all Standard Fixed Rate products will change to the Clear Path variable rate rather than the standard variable rate.

For more information download the following PDFs:

BOQ'S Latest Broker Offers
BOQ's Investment Rates
BOQ's Owner Occupied Rates