Bank of Queensland updates Economy Variable Home Loan to 5.88%
Bank of Queensland has increased the rate on its Economy Variable Home Loan home loan by 25 basis points to 5.88% p.a., from a previous rate of 5.63%.
Bank of Queensland
Economy Variable Home Loan
New Rate
5.88%
Illustrative Example
For illustrative purposes, on a $600,000 loan over 30 years at 5.88%, the estimated monthly repayment would be approximately $3,551. That is approximately $95 more per month compared to the previous rate.
Market Context
This rate of 5.88% is below the current market average of 6.67% across 2360 tracked home loan products. The current market leader offers 10.07%.
Notes
Bank of Queensland increased home loan rate by 0.25% to 5.88%
⚠️ General information only
This comparison is for informational purposes only and does not constitute financial advice. Always verify current rates and eligibility directly with the provider before making decisions. Consider whether products are appropriate for your circumstances.