BOQ Personal Loan Rates & Fees, Review & Compare - Best Find

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Boq Personal Loans

Personal Loan Fixed Unsecured

If you’re looking for a low rate personal loan, your residential property can be used to take out a secured personal loan.

Overview

Minimum loan amount$3,000

Maximum loan amount$40,000

Minimum term (years)1 Year

Maximum term (years)7 Years

Advertised rate12.39%

Comparison rate15.01%

Monthly repayments (approx)$339

Total repayments (approx)$12,214

Total interest repayments (approx)$2,214

Rate typeFixed

Secured or unsecuredUnsecured

Security required No

Encumberance/REVVS check fee$0

Application / establishment fee$150

Other Fees & Information

Monthly fee$7.50

Quaterly fee$0

Annual fee$0

Other fees$0

Redraw facilityNo

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Early repayments fee$0

Missed payment fee$0

For debt consolidation?Yes

Sponsored No

Telephone1300 55 72 72

Data accurate as of5/04/2017

Comparison rate warning Comparison rate calculation is based on a loan of $10,000 over 3 years. WARNING: The comparison rates apply only to the example or examples given. Normal lending criteria apply, interest rate is per annum and is variable. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers are not included in the comparison rate but may influence the cost of the loan. All interest rates are subject to change.

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Personal Loan Variable Unsecured

If you don’t have any assets or you don’t want to use your mortgage as security, we offer an unsecured personal loan with a slightly higher interest rate.

Overview

Minimum loan amount$3,000

Maximum loan amount$40,000

Minimum term (years)1 Year

Maximum term (years)7 Years

Advertised rate12.95%

Comparison rate15.57%

Monthly repayments (approx)$342

Total repayments (approx)$12,312

Total interest repayments (approx)$2,312

Rate typeVariable

Secured or unsecuredUnsecured

Security required No

Encumberance/REVVS check fee$0

Application / establishment fee$150

Other Fees & Information

Monthly fee$7.50

Quaterly fee$0

Annual fee$0

Other fees$0

Redraw facilityNo

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Early repayments fee$0

Missed payment fee$0

For debt consolidation?No

Sponsored No

Telephone1300 55 72 72

Data accurate as of5/04/2017

Comparison rate warning Comparison rate calculation is based on a loan of $10,000 over 3 years. WARNING: The comparison rates apply only to the example or examples given. Normal lending criteria apply, interest rate is per annum and is variable. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers are not included in the comparison rate but may influence the cost of the loan. All interest rates are subject to change.

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Did you know you can compare 100’s of personal loans? Browse, filter and on our main personal loans comparison page.

Compare and review BOQ personal loan rates

Looking to make major purchase, go on a holiday or perhaps to consolidate your existing debts into one simple regular repayment? When comparing BOQ personal loans, there are other important things to consider and understand, other than just BOQ’s interest rates.

What personal loan options does BOQ offer?

BOQ has 2 personal loan products:

  • BOQ Personal Loan Fixed Unsecured
  • BOQ Personal Loans Variable Unsecured

 

View the above table for detailed product information and a comparison of the interest rates, fees and features.

You can also review and compare BOQ car loans, BOQ home loan and BOQ credit cards.

Do you have a BOQ personal loans calculator?

Yes. Use the filter to adjust your loan amount and term to calculate your approximate monthly repayments. When you apply the filter, you will see a breakdown of your approximate monthly repayments as well as the total amount of interest and fees paid.

How to apply for a BOQ Personal Loan?

If you’d like to apply online for a BOQ personal loan, just scroll up and click on “Learn more” to be taken to BOQ’s secure online application form. Before you apply, be sure to learn about BOQ’s personal products, fees and eligibility criteria. Give yourself around 30 minutes to complete the application.

BOQ’s personal loan eligibility criteria

Before you apply for a personal loan, be sure to understand and meet the BOQ’s lending criteria. Below is high-level overview of BOQ’s criteria:

BOQ’s minimum requirements for a personal loan

  • Minimum age of 18
  • Earn a minimum of $15,000 per annum
  • An Australian citizen, permanent resident or have a valid visa

Information you’ll need to provide

Whether at the BOQ branch or online, make sure to have the following nearby:

  • Proof of income. A verifiable and steady employment. You may be required to provide copies of your most recent pay slips and employer’s contact information
  • A list of your assets, expenses and liabilities
  • Driver’s licence (if you have one) or other forms of ID

Are you self-employed?

If you’re self-employed, you will also need to provide:

  • Financial statements for the last year
  • Your most recent personal/business tax return

Other things to keeping mind when applying with BOQ

  • It’s advantageous to have a good credit history. For example, you have no recent defaults and no frequent requests for credit
  • Credit cards with large credit limits are seen as liabilities, even if there’s nothing owing. If you have existing liabilities, be certain you can pay them off in addition to your BOQ personal loan

There are many additional factors BOQ consider when accessing your application, but the above are the most important. If you feel like you may not meet their eligibility criteria, it may be best to save!

What can you use a BOQ personal loan for?

You can borrow for almost any worthwhile purpose. No, going to the casino and putting it all on black is not a worthwhile purpose.

Examples of common loan purpose BOQ will lend for:

 

Additional product information

BOQ’s minimum and maximum personal loan amounts and terms

You can borrow between $3,000 and $40,000. Over terms between 1 year and 7 years. Use our filter as a repayment calculator to see your monthly repayments and rates.

BOQ’s repayment schedule

BOQ allow weekly, fortnightly or monthly repayment.

Extra repayment or early penalties

BOQ allows you to make additional or early repayments. There are fees associated with completely repaying your loan off early.

Redraw facility

BOQ’s Variable Rate Personal Loan gives you the option of being able to make redraws.