BOQ
- Personal loans up to $50,000
- Low-interest starting from 7.39%
- Repayment up to 7 years
In-page navigation
[Accessed May 24, 2023]
About BOQ
As one of Australia’s longest-standing banks – the Bank of Queensland (BOQ) has evolved over the years offering a larger range of products and services, increasingly simple and innovative technologies and better ways to do everyday banking.
With so many regional banks having been bought over by larger banks like Westpac and NAB, it's very unique to come across a regional bank that's still independently owned and – BOQ is one of these unique cases.
BOQ's commitment to developing long-term relationships
Tailored solutions: Providing value and meeting customer needs
Another one of the main things that set BOQ apart from other large banks is the fact that their approach involves developing long-term relationships with their customers.
They believe that every customer should receive products that offer them value and meet their needs from home loans to short-term credit.
Start saving early
BOQ believes that it's never too early to start saving and has created a savings account specifically for children. This account is designed to teach them the principles and value of savings from a young age.
In addition to a savings mindset – BOQ’s range of financial products and services are designed to be simple and to meet the needs of customers.
BOQ works with both individuals and businesses offering some of the country’s most competitive interest rates and services on business and personal cash loans.
BOQ Services
Bank of Queensland offers customers both secured and unsecured personal loans.
The unsecured fixed personal loan currently has an interest rate of 12.39% and the unsecured variable rate has an interest rate of 12.95% per annum.
Unlocking your financial potential: BOQ's secured personal loans
Flexible rates and tailored solutions for your financial journey
BOQ has fixed and variable rate personal loans that are secured on your mortgage with rates of 10.99% for the fixed and 9.54% for the variable rate. You can also get a car loan with BOQ with fixed rates as low as 7.39%.
That being said, the rates described above do not take into account any rates and fees so you can visit the lender’s website and review the listed comparison rates for all of their loan products.
Credit cards
In addition to the fantastic range of BOQ personal loans, they also offer 3 high-value credit cards that can stand in the place of a quick loan if needed.
These credit cards are:
- The BOQ Platinum Visa offers an incredible 0% interest on balance transfers for a period of 18 months
- The BOQ Blue Visa credit card offers a 44-day interest-free period on purchases and a credit limit of up to $10,000
- The BOQ Low-Rate Visa
BOQ – Personal loan
- Loan Type Personal loans
- Interest Rate from 7.39%
- Loan Amount up to $50,000
- Repayment 12 months to 7 years
Benefits of BOQ
- Affordable loan term of up to 7 years
- Conveniently apply online today
- Competitive interest from 7.39%
- BOQ personal loans up to $50 000
Personal loan calculator
The options are in your hands – whatever is more convenient for you is the best option for them
One of the first things that BOQ encourages potential borrowers to decide is whether they want a secured or unsecured loan.
This decision will be based on the value of the BOQ personal loan, the intended use, your budget and whether or not security is available.
Start saving early
BOQ believes that it's never too early to start saving and has created a savings account specifically for children. This account is designed to teach them the principles and value of savings from a young age.
In addition to a savings mindset – BOQ’s range of financial products and services are designed to be simple and to meet your needs. They work with both individuals and businesses offering some of the country’s most competitive interest rates and services on business and personal cash loans.
Car versus BOQ personal loan
If you’re looking for vehicle finance, BOQ encourages you to apply for a car loan with them rather than a general-use personal loan as they have a lower interest rate and your vehicle will be used to secure the loan.
Using BOQ’s resources
BOQ has made information regarding their quick loans readily available on their website for you to review.
This includes some practical advice, a document indicating all rates and fees as well as all the applicable terms and conditions. BOQ has over 200 branches across the country and welcomes all customers to apply for a loan with them in a branch.
It is also, however, possible for you to get a BOQ personal loan by completing an online loan application via their website. This service is available to both existing and new customers. Their customers are at the centre of their operations and they do everything in order to ensure maximum satisfaction for their customers. They're different from other banks in that they view you as an individual which means that they don't try to force you into cookie-cutter deals.
BOQ is a trusted & reliable provider of personal loans
In our review, BOQ adheres to the compliance criteria in accordance with the National Consumer Protection Act, where the granting the loan will not cause financial distress to the consumer.
✅ BOQ is a registered credit provider in Australia: ACL 244616
Customer Reviews & Testimonials
BOQ Contact
Physical Address
- Shop G1&G2 MacArthur Central 255 Queen Street Brisbane QLD 4000 Australia
- Get Directions
Postal Address
- GPO Box 898, Brisbane, 4001, Australia
Opening Hours
- Monday 09:30 – 16:00
- Tuesday 09:30 – 16:00
- Wednesday 09:30 – 16:00
- Thursday 09:30 – 16:00
- Friday 09:30 – 17:00
- Saturday – Closed
- Sunday – Closed