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BOQ Car Loans

With a BOQ car loan, that dream ride or those car shopping plans can take shape faster. The good thing is, you can search for the finance you need online with BestFind. Check out our product table and BOQ car loan calculator below and use these tools to fast track your application now.

Calculate repayments

Fixed Rate Car Loans give you the certainty of knowing what your repayments will be over the course of your loan. Your repayment amount is determined at the start of the loan

Overview

Application / establishment fees$195

Minimum loan amount$5,000

Maximum loan amount$500,000

Minimum term1 year

Maximum term7 years

Car loan interest rates (base)7.39%

Car loan comparison rate8.19%

Monthly repayments (approx)$599

Total repayments (approx)$35,974

Total interest repayments (approx)$5,974

Rate typeFixed

Secured or unsecuredSecured

GO TO BOQ

Other Fees & Information

Monthly fee$7.5

Other fees$0

Missed payment fee$0

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Exit / early repayment fee$50

Encumberance/REVVS check fee$0

For used vehiclesYes

SponsoredNo

Telephone1300 55 72 72

Data accurate as of02.04.2017

GO TO BOQ

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Pay ZERO fees on all loans with NOW Finance. That's right - no establishment fee, no monthly fees, no early payout fee on all loans between $15,000-$100,000. What's more, get your guaranteed, tailored interest rate in two minutes without impacting your credit score.

Overview

Application / establishment fees$0

Minimum loan amount$15,000

Maximum loan amount$100,000

Minimum term1.5 years

Maximum term7 Years

Car loan interest rates (base)4.45%

Car loan comparison rate4.45%

Monthly repayments (approx)$558

Total repayments (approx)$33,516

Total interest repayments (approx)$3,516

Rate typeFixed

Secured or unsecuredYes

GO TO Now Finance

Other Fees & Information

Monthly fee$0.0

Other fees$0

Missed payment fee$0

Repayment scheduleWeekly, Fortnightly

Early repayments allowedYes

Exit / early repayment feeYes

Encumberance/REVVS check fee$0

For used vehiclesYes

SponsoredYes

Telephone1300 275 669

Data accurate as of21/02/2021

GO TO Now Finance

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There's nothing quite like the thrill of buying a car, but one of the biggest challenges is finance. Ideally you'll want a car loan that offers flexibility and a low competitive rate, and is easy to apply for.

Overview

Application / establishment fees$399

Minimum loan amount$10,000

Maximum loan amount$100,000

Minimum term1 year

Maximum term7 years

Car loan interest rates (base)4.99%

Car loan comparison rate5.69%

Monthly repayments (approx)$566

Total repayments (approx)$33,960

Total interest repayments (approx)$3,960

Rate typeFixed

Secured or unsecuredSecured

GO TO NRMA

Other Fees & Information

Monthly fee$0.0

Other fees$0

Missed payment fee$0

Repayment scheduleFortnightly, Monthly

Early repayments allowedYes

Exit / early repayment fee$205 or 2% of outstanding balance (whichever the greater) at the time the final payout is made. Applies in the first three quarters of the original loan term only.

Encumberance/REVVS check fee$0

For used vehiclesNo

SponsoredYes

Telephone1300 732 398

Data accurate as of12/08/2020

GO TO NRMA

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A quick and easy, 100% online application. No printing. No paper. No fuss. No monthly account keeping fees, no exit fees and no early repayment fees.

Overview

Application / establishment fees$250

Minimum loan amount$2,001

Maximum loan amount$75,000

Minimum term1 year

Maximum term7 years

Car loan interest rates (base)5.35%

Car loan comparison rate5.65%

Monthly repayments (approx)$570

Total repayments (approx)$34,257

Total interest repayments (approx)$4,257

Rate typeFixed

Secured or unsecuredSecured

GO TO OurMoneyMarket

Other Fees & Information

Monthly fee$0

Other fees$0

Missed payment fee$35

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Exit / early repayment fee$0

Encumberance/REVVS check fee$27

For used vehiclesYes

SponsoredYes

Telephone1300 990 115

Data accurate as of30/04/2021

GO TO OurMoneyMarket

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NRMA used car loans can help you get one step closer to owning your dream pre-loved car.

Overview

Application / establishment fees$399

Minimum loan amount$10,000

Maximum loan amount$100,000

Minimum term1 year

Maximum term7 years

Car loan interest rates (base)6.24%

Car loan comparison rate6.94%

Monthly repayments (approx)$583

Total repayments (approx)$35,000

Total interest repayments (approx)$5,000

Rate typeFixed

Secured or unsecuredSecured

GO TO NRMA

Other Fees & Information

Monthly fee$0.0

Other fees$0

Missed payment fee$0

Repayment scheduleFortnightly, Monthly

Early repayments allowedYes

Exit / early repayment fee$205 or 2% of outstanding balance (whichever the greater) at the time the final payout is made. Applies in the first three quarters of the original loan term only.

Encumberance/REVVS check fee$0

For used vehiclesYes

SponsoredYes

Telephone1300 732 398

Data accurate as of12/08/2020

GO TO NRMA

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BestFind.com.au provides factual information in relation to financial products. While BestFind.com.au attempts to make a wide range of products and providers available, it may not cover all the options available to you. Moreover, we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. All product information comes from the product provider or publicly available information and to the best of our knowledge is correct at time of publishing. The information published on BestFind.com.au is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. If you decide to apply for a product you will be dealing directly with that provider and not with BestFind.com.au. BestFind.com.au recommends that you read the relevant PDS or offer documentation before taking up any financial product offer. For more information please see BestFind.com.au's Terms of Use and Services Guide.

Minimum and maximum loan periods vary between 6 months and 10 years. Comparison interest rates vary between 6.55% and 19.07% p.a. Total interest repayments vary between $4,290 and $14,531 over the life of the loan. *Comparison rate is based on an unsecured loan of $30,000 for a term of 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. These rates can change without further notice. All rates quoted are per annum. For more information regarding fees click on "View fees & additional info +" for each product or contact the provider.

What type of car loan are you looking for?

BOQ car loans – Find the best finance option for your ride

As one of the top regional banks, the Bank of Queensland (BOQ) has managed to hold its own even though it’s not owned by one of the big banks. The financial services institution has been operating since 1874, and it’s proud to deliver personal service to its customers.

In this guide, you get to know more about BOQ car loans and what they have to offer.

BOQ car loans in a nutshell

BOQ car loans offer both secured and unsecured options. They come with moderately competitive interest rates, some fees and charges, as well as flexible features.

For secured options, the minimum loan amount is $5,000, and it’s possible to borrow up to 100% of the purchase price. The debt can be repaid over a maximum of 7 years. Overall, BOQ car loans are best for borrowers looking for fixed repayments and a way to exit their contract early without extra charges.

What types of loans does BOQ offer?

  • Fixed rate flexible car loan. A secured car loan may suit you if you don’t mind using your new or used car as security. In the worst-case scenario, it means you lose your ride if you default. But the upside is you get to lock in a lower rate of 7.39%. Loan terms go up to 7 years, and you can borrow between $5K and 80K. The maximum loan to value ratio can be 100% of the purchase price when you buy from a licenced dealer. When you buy from a private seller, it goes down to 90%.
  • Fixed rate unsecured personal loan. Besides paying for your holiday or wedding, you can use a BOQ personal loan to buy a car. The good thing is you don’t have to offer your purchase as collateral though you do pay a higher rate of 10.99% p.a. You can borrow between $3K and $40K and repay it over a maximum loan term of 7 years.

BOQ also offers personal overdrafts, credit cards, and home loans.

A closer look at BOQ car loan features

  • Fixed rates. The biggest advantage of a fixed rate car loan is that your repayments won’t change even when rates go up.
  • Flexible repayment options. You can choose a repayment frequency that suits your budget, be it weekly, fortnightly, or monthly.
  • Additional repayments. Enjoy the chance to pay off your debt at an earlier date without penalty. That means no break costs or early repayment costs.
  • Fees, rates and charges. BOQ charges an application fee of $195 (secured) or $150 (unsecured). There’s no additional repayment fee or early repayment fee, but keep in mind other costs such as redraw fees may apply.

Eligibility criteria

  • Be at least 18 years of age
  • Be a permanent Australian resident
  • Earn a regular income
  • Apply for a loan of $5,000 or more
  • Must not have a history of bankruptcy

How to apply for a Bank of Queensland car loan

To apply for a BOQ car loan, find the financial product you want and then click “Go to Site” in the table above. You’ll need to provide the following:

  • Proof of identity
  • Employment details
  • Details about your finances – income, assets, expenses, and liabilities

After you submit your enquiry on BOQ’s website, representatives will be in touch. However, before you decide to apply, make sure you have considered all financing options. You can use our comparison table to evaluate other lenders and determine the best fit for you.

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