Bank of Queensland First-Start Home Loan
What happens when I click Enquire Now?
- Clicking Enquire Now will take you to the lender's website
- After completing the contact form, a mortgage expert will contact you
- The mortgage expert will ensure you find the right loan, calculate your repayments, and explains all the associated fees
- After going through the enquiry process you will be able to know how much you can borrow, begin your application when you are ready to apply and be approved for a home loan
Are you looking for your first home and overwhelmed by all the loans that are available? The Bank of Queensland First-Start Home Loan is a great option for first home buyers. The Bank of Queensland First-Start Home Loan offers you a great home loan package with many features that can help you save money. The Bank of Queensland First-Start Home Loan not only offers you all the above but it offers you a discounted variable interest rate for the first year of the loan. With all these features you can be sure that your first home loan is the best one that is available.
Features of the Bank of Queensland First-Start Home Loan
The Bank of Queensland First-Start Home Loan offers a variety of features. These are:
- Discounted interest rate. For the first year of the home loan the Bank of Queensland First-Start Home Loan offers you a discounted interest rate. The interest rate will be 1%p.a lower than the variable rate that is offered with the loan. After the introductory period is finished, the interest rate reverts to the standard variable rate.
- Flexibility in your repayments. The Bank of Queensland First-Start Home Loan allows you to be flexible with the way you pay off your loan. Depending on your circumstances you can choose between making repayments on a weekly, fortnightly or monthly basis.
- How much can you borrow. You can borrow up to 95% of the property value over a thirty year period when using the Bank of Queensland First-Start Home Loan.
- You can make additional repayments. The Bank of Queensland First-Start Home Loan allows you to make additional repayments if you would like to do so. By depositing more money than required on the loan you not only reduce the total amount you owe, but you also reduce the amount of interest that will be charged to the account.
- Redraw facility. TheBank of Queensland First-Start Home Loan allows you to redraw any of these extra funds you may have deposited into the account. While you will no longer receive the benefits from the extra money in the account the money can easily be used to pay for those unexpected costs that may arise.
- 100% interest offset facility. The Bank of Queensland First-Start Home Loan allows you to have an extra account linked to the loan account. While having complete access to the funds in the account, the funds in this account will be offset against the loan. By keeping funds in this account you are able to reduce the amount of interest that is charged to the Bank of Queensland First-Start Home Loan account. This can save you a significant amount of money of the period of the home loan.
- Fees. The fees that are charged with the Bank of Queensland First-Start Home Loan account are:
- An application fee of $495;
- A home loan fee of $10 a month;
- And $10 a month for the mortgage offset account if you choose to use it.
When applying for your first home you will often find great home loans with great rate that suit your needs. The Bank of Queensland First-Start Home Loan goes a step further by offering you a reduced interest rate for the first year of your loan. This reduced interest rate will not only save you money but will ease you into the routine of having to pay a mortgage. With the reduced interest rate and the variety of features that can help you save money the Bank of Queensland First-Start Home Loan is a great option for your first home. If you need any more information please don’t hesitate to contact us.
Read the official terms and conditions
Top Home Loans
| Home Loan | Details | Interest Rate (p.a.) | Comp Rate^ (p.a.) | App Fee / Ongoing Fee | Max LVR | Min & Max Borrowing | |
|---|---|---|---|---|---|---|---|
 Loans.com.au - Dream Catcher | A home loan offer with a $0 application fee and one of the lowest available home loan interest rates. | 5.85% | 6.21% | $0 / $375 | 80% | $50,000 / $750,000 |
 
|
 Bankwest Online Home Loan | A low interest rate home loan with a $0 application fee and ongoing maintenance fees. This offer is exclusively available by applying online. | 5.97% | 5.97% | $0 / $0 | 80% | $100,000 / $1,000,000 |
|
 Illawarra Home Loans Bank Beater Home Loan | A low variable rate, beaten down even further by 0.05% p.a. after 5 years. | 6.07% | 6.35% | $0 / $345 | 90% | $250,000 / $1,000,000 |
|
 State Custodians Mortgage Company Standard Variable Offset Loan | Awarded the 2011 Non bank Lender of the Year this feature-packed loan rewards customers with a bonus rate drop of 0.25% after 5 years. | 6.02% | 6.23% | $0 / $345 | 95% | $150,000 / $1,000,000 |
|
Ask A Question About This Product