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Bank of Queensland increases interest rates

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 The Bank of Queensland has increased interest rates for a number of its home loan products, particularly on their standard variable and variable low doc loans.
 
The standard variable home loan rates for both line of credit facility and line of credit investment facility moved up to 6.46% from 6.36%.
 
Variable low doc loan rates rose from 7.51% to 7.61% for both low doc line of credit and low doc investment line of credit.
 
Below are the other changes in terms of package interest rates for the Standard Variable Investment Home Loan:
 
Line of Credit Facility New package interest rates Previous rates
$150,000 to less than $250,000 5.81% 5.71%
$250,000 to less than $1,000,000 5.46% 5.36%
$1,000,000 and over 5.41% 5.31%
Line of Credit Investment Facility
$150,000 to less than $250,000 5.81% 5.71%
$250,000 to less than $1,000,000 5.46% 5.36%
$1,000,000 and over 5.41% 5.31%

It can be confusing to know whether to get a variable rate or fixed rate mortgage, and what features are important. That's why it's important to not only check the right rates, but make sure that you're getting the right features in your home loan. Get help choosing the right home loan

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