This was posted 8 years 11 months 22 days ago, and might be an out-dated deal.

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[EXPIRED] Bank of Queensland 3 Year Fixed Home Loan

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[EXPIRED] Bank of Queensland 3 Year Fixed Home Loan
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[Deactivated] on 05/05/2015 - 08:33 boq.com.au (414 clicks)
Last edited 14/07/2015 - 13:43 by 1 other user

This deal expired on May 31. The rates are no longer valid so do not contact BOQ about this.

-Mod 14/7

Looks like it beats MEBanks 3.99%/3yr Comparison rate of 4.84%, and HSBCs 3.95%/3yr Comparison rate of 5.11%

I'm just looking for a home loan and found this on google, thought it was worth sharing.

$300 establishment fee.
$10/month fee.

Let me know why this deal is/isn't great! - Ozbargain delivered: This deal/rate was set before banks lowered the interest rate, so it may go lower. Looks like loans.com.au is now beating them (4.29% 3yr @ 4.10% comparison)

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closed Comments

  • Utopian on 05/05/2015 - 08:40
    +3

    Monthly fees? They still exist?

  • pennypacker on 05/05/2015 - 08:41
    +5

    Anyone who fixes a home loan days before the Reserve is almost guaranteed to lower rates needs their head read.

    • mohan76 on 05/05/2015 - 08:54
      +1

      day before ? it's hours before . i guess it's not going be a cut today, may be next month

      • pennypacker on 05/05/2015 - 09:19

        Oops, you're right. I've been on holidays and still adjusting to "real" time.

        • baker bob on 05/05/2015 - 12:00

          Just as likely to hold and no guarantee any rate decrease gets passed on or this fixed rate has priced in the decision this arvo. Lots of moving parts, see you at 2.01pm

      • mohan76 on 05/05/2015 - 14:30
        +1

        ops i was wrong

    • [Deactivated] on 05/05/2015 - 13:17

      Good point. Didn't realize it was up for adjustment today!

  • jimmej on 05/05/2015 - 08:42
    +10

    Time to impulse buy a house…

  • tanastra on 05/05/2015 - 09:08

    WHile it might be a good deal for some ozbargainers, i used to be BOQ customer and the most annoying thing was for non Queenslander , its BIG HAZZLE for you to find nearby Branch manager locations and BOQ ATM (way too few eg: in WA), and when you find one, there was no seats provided for its customers while waiting to be served (not like other banks)- ended up moving to other bank.

    • hellbound on 05/05/2015 - 09:15
      +3

      BOQ are a redi partner so all redi/NAB ATM's can be used as a BOQ ATM.

    • pingMarky on 05/05/2015 - 09:23
      +1

      I'm with Boq and nothing negative to report here but it might not be the right bank for you. I email and call my bank manager directly, so i generally don't need to go 'instore' ever.
      On topic- it looks a good fixed rate (but i am a variable man atm, so not for me).

      • Kaboda on 05/05/2015 - 09:26
        +1

        The BOQ bank I am dealing with have been awesome. They might not be the cheapest but they really work hard for you. I've been impressed I must say.

  • brucebruce on 05/05/2015 - 09:24
    +3

    Loans.com.au 4.25% comparison rate is still the king of all homeloans… looking forward to the imminent rates cut be it today or next month :)

    • wisc on 05/05/2015 - 15:43

      with todays announcement it should bring under 4% for variable…

      how are loans.com?(people with experience with them) can you redraw/offset? if so what's it cost for a offset etc?

      • brucebruce on 05/05/2015 - 17:29

        100% offset account thrown in for free, redrawable at no cost! Been with them since August 2013, very happy so far. (One small inconvenience is we have to use Westpac as a virtual branch and over the countet deposit gets cleared the next morning. Still, you can use any stg westpac ATMs for free)

  • rokkz on 05/05/2015 - 09:45

    Lol typical bank, release a fix loan rate just before rates get dropped today to lock you in.

    • inusure on 05/05/2015 - 11:42
      +1

      Are u sure its gonna drop?
      U sound like abit overconfident, man.

      • baker bob on 05/05/2015 - 12:10
        +1

        Everyone is an expert after reading last nights MX. This is the closest call in the last 4, no idea how people are calling a cut when even traders are unsure what is going to happen which is reflective of the volatility we will see after 2pm as nothing has been priced in.

        • inusure on 05/05/2015 - 16:49

          ^^ have to admit that you are right.
          RBA just cut the rate again.
          Oops, i replied to the wrong post ^^

      • rokkz on 05/05/2015 - 15:13

        2pc cut. Ur welcome….banks are snakes in grass.

  • pichka on 05/05/2015 - 14:57

    CUA has fresh start home loan for 4.43% (CR 4.45%) with 80% LVR

    IMB has 4.42% (CR 4.42%)

    Both have no ongoing fees, offset and redrawal……where as loans.com.au, u-bank etc dont……so do your sums

    I just refinanced with CUA…..so far so good

    www.canstar.com.au or finder.com.au and check loans with offset and redraw options and you will see these two are cheap……pacific mortgage are the cheapest i think at 4.29% but there are a LOT of bad reviews in regards to them.

    Happy $$$ savings.

  • pichka on 05/05/2015 - 14:58
    +1

    Here's the statement by RBA chief Glenn Stevens explaining the board's decision to cut rates:

    At its meeting today, the Board decided to lower the cash rate by 25 basis points to 2.0 per cent, effective6 May 2015.

    The global economy is expanding at a moderate pace, but commodity prices have declined over the past year, in some cases sharply. These trends appear largely to reflect increased supply, including from Australia. Australia's terms of trade are falling nonetheless.

    The Federal Reserve is expected to start increasing its policy rate later this year, but some other major central banks are stepping up the pace of unconventional policy measures. Hence, financial conditions remain very accommodative globally, with long-term borrowing rates for sovereigns and creditworthy private borrowers remarkably low.

  • 4ransm on 06/05/2015 - 08:32
    +1

    Just heard on channel 7 that RBA is predicting variable rate below 4%. Why fix now? Just wait

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