BOQ Specialist Home Loans: The 2026 Review

BOQ Specialist was established in 1993 with a focus on delivering specialised financial services to healthcare professionals in Australia. Originally founded to cater to the unique financial needs of medical, dental, and veterinary practitioners, the bank has grown steadily over the past three decades. Key milestones include its integration into the Bank of Queensland Limited, which has allowed it to leverage broader resources while maintaining a specialised focus.

Today, BOQ Specialist operates as a division of the Bank of Queensland, headquartered in Newstead, Queensland. The bank differentiates itself by offering high Loan-to-Value Ratio (LVR) loans without Lenders' Mortgage Insurance (LMI), a significant benefit for its healthcare clientele. With a delivery model that includes both physical branches and digital platforms, BOQ Specialist provides a comprehensive range of banking services tailored to its niche market.

BOQ Specialist's primary target market consists of healthcare professionals across Australia. The bank's value proposition lies in its ability to offer customised financial solutions, competitive rates, and personalised service. By focusing on this specific sector, BOQ Specialist sets itself apart from traditional banks, fostering long-term relationships with clients through specialised products and services.

• Legal Name: BOQ Specialist
• ABN: 32009656740
• ACN: 009656740
• Established: 1993
• Headquarters: Newstead, Queensland
• Type: Division
• Ownership: Independent

• Website: https://www.boqspecialist.com.au
• Phone: 1300 160 160
• Address: Level 3, 100 Skyring Terrace, Newstead, Queensland 4006

BOQ Specialist offers tailored financial solutions for healthcare professionals, featuring high LVR loans without Lenders' Mortgage Insurance and flexible repayment options to suit individual needs.

• Optional Transactional Account: BOQ Specialist provides an optional transactional account with a favourable interest rate on credit balances. This account can be linked to your loan, helping to reduce interest payments and manage day-to-day finances effectively.
• Redraw Facility: Access surplus funds with BOQ Specialist's redraw facility, allowing borrowers to manage their finances with flexibility. Note that fees may apply, so it's essential to review the terms before utilising this feature.
• High LVR Loans without LMI: Healthcare professionals can borrow up to 90% Loan-to-Value Ratio (LVR) without the need for Lenders' Mortgage Insurance (LMI). This feature significantly enhances borrowing capacity, making it easier to enter the property market.
• Variable or Fixed Rate Options: Choose between variable or fixed rate home loans to suit your financial strategy. Variable rates offer flexibility with potential rate decreases, while fixed rates provide stability in repayments over the loan term.
• Offset Account: An optional offset account linked to a variable rate home loan can help reduce interest payments. By offsetting your loan balance with the funds in your account, you can save on interest and pay off your loan faster.
• Bundled Loan Packages: Manage up to five loans in one package, simplifying your financial management. This feature is particularly beneficial for those with multiple properties or investment loans, providing a consolidated view of all obligations.
• Platinum Credit Card: BOQ Specialist offers a Platinum credit card with premium rewards and benefits. This card is ideal for borrowers seeking additional value through rewards programs and exclusive offers.
• 24/7 Client Service Centre: Access support anytime with BOQ Specialist's 24/7 Client Service Centre, ensuring assistance is available whenever needed. This service enhances convenience and provides peace of mind for borrowers.

BOQ Specialist provides a transparent fee structure with specific advantages for healthcare professionals, including fee waivers and tailored financial solutions.

• Application Fee: $600 - This fee applies to most products; however, some products may offer a $0 application fee for first home buyers.
• Valuation Fee: Varies by product - Covers the cost of property valuation, varying based on property type and location.
• Settlement Fee: $200-$300 - Charged at settlement, the fee varies depending on the specific loan product.
• Monthly Fee: $10 (Monthly) - This fee is waived when a transactional account is opened and used as the primary account for repayments.
• Annual Fee: $495 (Annual) - An annual package fee applicable to most loan products, covering administrative and service costs.
• Discharge Fee: $200-$300 - Payable upon loan termination, with the amount varying by product.
• Rate Lock Fee: Variable - An optional fee to secure a fixed interest rate prior to settlement, with costs depending on the loan amount and duration.
• Redraw Facility Fee: Varies by product - Applicable when using the redraw facility; specific fees depend on the loan agreement.

BOQ Specialist provides tailored financial solutions primarily for healthcare and accounting professionals, offering competitive home loan products with unique benefits such as high LVR loans without Lenders' Mortgage Insurance (LMI).

• Applicants must be at least 18 years old.
• Applicants must be Australian citizens or permanent residents.
• Eligible professionals include those in the medical, dental, veterinary, and accounting fields.
• Applicants should demonstrate a stable income and employment within their professional field.
• A good credit history is required to qualify for loans.
• Some products allow up to 95% LVR, while others may have an 80% limit.
• A minimum deposit may be required, depending on the specific loan product.

• High LVR loans are available without Lenders' Mortgage Insurance (LMI) for eligible professionals.
• Certain products may offer special programs for first home buyers or include guarantor options.
• A redraw facility is available, though fees may apply.