Fixed Rate Home Loan

2 Year Fixed Rate
1.98% p.a.
Comparison rate#
2.66% p.a.

Available for new owner occupied principal and interest loans with an LVR of 80% or less and total borrowings of $300,000 or more, submitted on or after 3 June 2021.

  • Competitive fixed rates
  • Ability to rate lock
  • Additional repayments up to $10,000 per annum
  • Loans with an LVR of 90% and under revert to a discounted variable rate on expiry of their fixed rate

Low rates. Big Cashback.

$3,000 cashback38

Get a little something back when you refinance with us. T&Cs apply.

Tell me more

Know what It's like to live there, before you live there.

Looking for your first home, a new home or looking to sell your current one? We’re here to help. We’ll help you sort the diamonds from the duds with our online property reports and suburb insights.

Get a property report

Get a home loan that gets you

Whether you’re in the market for your first home, upgrading to a bigger one, or looking to save interest on your current loan, we do everything we can to keep more money in your back pocket.

Here’s how we home loan:
  • An award-winning home loan with our lowest interest rates ever 
  • Transparency about our rates so you don’t feel like you’re missing out on a better deal.
  • A fair value exchange: the bigger your deposit or loan, the bigger discount you get. 
  • The ability to redraw additional repayments from your variable loan at any time (minimum redraw amount $100).
  • A companion account on variable rate rate loans that’ll help you offset your loan balance and reduce your interest.
  • Discounts on a range of Virgin Money products and exclusive offers from our Virgin Group pals (yep, that means wine, workouts and more)
You might be keen to know:
  • You can talk to your broker, or us – whatever works for you.
  • You’ll get the same awesome service every time you need to pick up the phone, with our Customer Care Team located right here in Australia.
  • We’re 100% owned by Bank of Queensland, one of Australia’s leading regional banks, so you can feel confident we’re here to support you for the long-term.

Features and Benefits

Competitive interest rates

We recognise and reward the value of our customers with discounted variable interest rates based on loan size and loan-to-value ratio.


If you're ahead of your minimum repayments, you can redraw those funds online at any time (minimum redraw amount $100) with no extra charges.

Split borrowings

You can split your borrowings and lock in a portion of your loan with a fixed rate to get repayment certainty over a fixed period. That way you'll have some protection if rates rise during that period, but maintain some flexibility with the variable portion of your loan to make extra repayments or access funds through redraw if things change.

Read more about our Fixed Rate Home Loan

Who we lend to

Our Reward Me Home Loan is available for the following purposes:

  • Individual and joint personal applicants, no companies or trusts
  • Multiple applicants and guarantors
  • Applicants with PAYG income
  • Purchase or refinance of residential property
  • Construction of residential property
  • Purchase of vacant land & construction (home & land package)
  • Property improvements (including renovations)
Pro tips for getting started

Pro tip #1: Download our features and benefits guide and review it for  when you meet with a broker to discuss your home loan needs.

Pro tip #2: Download our checklist to make sure you have everything you need to apply.

Let’s talk numbers

When it comes to choosing home loans, interest rates are one of the most important factors, but sometimes it’s tricky to know what rate you can get. Some lenders take a one-size-fits-all approach. Others advertise one rate and have a few more hidden in their back pocket… if you know how to ask.

We keep it simple and tell it like it is. We also keep rates low with discounts depending on the size of your loan and your loan-to-value ratio.  See what rate you can get here.

Plus, here’s some of the fees you’ll pay on our Reward Me Home Loan.

Key Upfront fees
Application Fee $300
Payable for processing application of your loans. Charged at settlement
Settlement Fee $150
Payable for completing settlement of your loans
Valuation Fee First Valuation – Free
Any further valuation will be charged for. The amount of the fee, will be the fee charged by the appointed Valuer and will vary depending on the location and value of the property.
Ongoing fees after settlement of your loan
Home Loan Fee $10
Charged to each loan account on every repayment date (monthly)

For a full list of all fees and charges that could apply refer to our Lending and Deposits Guide to Fees and Charges.

Download key fact sheet

Let’s chat

We'll call you

Let us know what time suits you and we'll give you a call.

You call us

Chat to us today about a Reward Me Home Loan please call us on 13 81 51.
We’re available Monday to Friday 8am – 6pm (AEST) excluding public holidays.