The Bank of Queensland (BoQW) has followed suit with the rate cut trend initiated by the Reserve Bank of Australia this month.

The BoQ has dropped its rates for its Standard Variable Home Loan, specifically for products Line of Credit Facility and Bridging Finance – from 6.46% to 6.21%, and 6.36% to 6.11%, respectively.

Its Low Doc Line of Credit also dropped from 7.61% to 7.36%.

BoQ’s First Start Home Loan sits at 4.76% with a reduced comparison rate of 5.82%, while the Clear Line Path Credit is at 4.82%. 

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