Variable
Smart Saver Home Loan Variable
- 100% offset
- Unlimited extra repayments
- Redraw
Tier-2 bank
Bank of Queensland
BrisbaneFounded 1874Australian Credit Licence 244616
BOQ at a glance
Bank of Queensland is a bank outside the big four. It offers home loans and equipment finance.
On APRA’s August 2026 figures, Bank of Queensland Limited held $50.7 billion of home loans on its Australian books: 2.0% of the housing lending by the deposit-taking institutions APRA reports, the 9th largest of the 64 with home loans.
- Lender type
- Tier-2 bank
- Bank or non-bank
- Authorised deposit-taking institution (Bank of Queensland Limited)
- Credit licence
- ACL 244616, Bank of Queensland Limited
- Lends
- Home loans, Equipment finance
- Headquarters
- Brisbane
Strengths
- Strong QLD branch network
- Owner-managed branch model with local accountability
- Specialist medical and accounting professional packages
- Prepared to reprice out of cycle to win front-book volume
Watch out for
- Annual fee on premium packages
- Less competitive on standalone simple-variable
- Front-book sharpening means existing customers should check their own rate against the advertised one
BOQ loans and products
What BOQ offers in each category, with the features, eligibility and trade-offs we note. For the current rate on each product, follow the link to BOQ’s own rate card.
BOQ home loans
Compare home loans lenders →Fixed 2yr
Fixed Rate 2 Years
- Fixed term certainty
BOQ equipment finance
Compare equipment finance lenders →Finance lease
Finance Lease (BOQ Equipment Finance)
- 100% finance available
- Terms of 1 to 5 years
- Fixed repayments over a set term
Hire purchase
Commercial Hire Purchase
- 100% finance, from $20,000, over 1 to 5 years
- BOQ Equipment Finance owns the equipment until the final payment, then ownership passes to your business
- Fixed rate; balloon or seasonal payments available
- GST included in the amount financed
Chattel mortgage
Specific Security Agreement (chattel mortgage)
- You own the asset and BOQ takes security over it
- Terms of 1 to 5 years
Alternatives to BOQ
Other lenders in our directory that offer home loans, equipment finance, starting with other tier-2 bank lenders.
- Bendigo and Adelaide BankTier-2 bank · Home loans, Equipment finance
- ING AustraliaTier-2 bank · Home loans, Car loans, Personal loans, Business loans
- Macquarie BankTier-2 bank · Home loans, Business loans
- ME BankTier-2 bank · Home loans
- Australia and New Zealand Banking GroupMajor bank · Home loans, Car loans, Business loans, Equipment finance, Personal loans
- BankSAMajor-bank brand · Home loans, Car loans, Business loans, Equipment finance, Personal loans
More on BOQ
- BOQ home loans in detail
Economy Variable, Clear Path Variable, fixed 1 to 5 years. A Queensland-based tier-2 bank with a wide retail footprint. Where BOQ wins files in 2026.
- BOQ equipment finance in detail
A tier-2 bank that punches above its weight in asset finance through two distinct arms: BOQ Finance on commercial equipment and vendor programs, and BOQ Specialist, one of the country's deepest financiers of medical, dental and veterinary practices.
BOQ: frequently asked questions
Is BOQ a bank?
Yes. BOQ’s loans are provided by Bank of Queensland Limited, which is on APRA’s register of authorised deposit-taking institutions (ADIs), the list of banks, building societies and credit unions licensed under the Banking Act 1959.
What is BOQ’s credit licence number?
Bank of Queensland Limited holds Australian Credit Licence 244616, the licence BOQ operates under. You can check a licence on ASIC’s Professional Registers before you apply.