BOQ relaunch Two Year Intro Rate Variable Home Loans

Effective Monday 18 March 2019, BOQ relaunched their Intro Rate Variable Home Loans, 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 Intro Rate home loan has the same fees as our Clear Path product; $0 application fee, $10 Monthly Fee + 1 free residential valuation per loan application. 100% Offset and Redraw available.

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

Intro Loan Type Intro Rate Comparison Rate

Owner Occupied / P&I 3.69% 4.21%

Owner Occupied / IO 4.18% 4.30%

Investor / P&I 3.99% 4.56%

Investor / IO 4.18% 4.59%

Please note the following restrictions apply:

• Only available for applications received on or after Monday 18 March 2019. No expiry date, but can be withdrawn at any time;

• New to Bank lending only, with minimum $150k loan amount;

• Not available for internal refinance or restructure of existing BOQ lending;

• Not available for Self-Managed Super Funds;

• LVR 90% or lower with LMI held (LVR 90% inclusive of capitalised LMI);

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

o Lending with LVR over 90% is not eligible;

• Not eligible for additional discounts under Work Place Offer or BOQ Advocacy

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