Bank of Queensland Mortgage Company

Bank of Queensland Mortgage Company

The Bank of Queensland Mortgage Company is one of the premier financial institutions in Australia today. In the Australian state of Queensland, the Bank of Queensland Mortgage Company is considered as among the oldest financial institutions. Aside from its head office in Brisbane, the Bank of Queensland Mortgage Company also has around 200 branches and outlets all over Australia.

Bank of Queensland Mortgage Company History

The history of the Bank of Queensland Mortgage Company can be traced back to its foundation in 1874 as the first permanent building society in Queensland. The Bank of Queensland Mortgage Company was known then as The Brisbane Permanent Benefit Building and Investment Society. The Brisbane Permanent Benefit Building and Investment Society was reinvented into a bank in 1887. The Bank of Queensland Mortgage Company became a trading bank in 1942 after a merger with other financial institutions in Queensland.

About the same time when the bank operations are being computerised in 1970, the trading bank adopted the name Bank of Queensland. In 1971, the Bank of Queensland Mortgage Company joined the Australian Stock Exchange as a publicly traded company. The Bank of Queensland Savings Bank Ltd., the savings bank subsidiary of the Bank of Queensland Mortgage Company, was integrated in 1982.

Bank of Queensland Mortgage Company Home Loans

• Standard Variable Home Loan - for people who want interest rate flexibility
• Economy Home Loan - for people who want to make extra repayments
• Fixed Rate Home Loan - for people who prefer stable interest rates
• Line of Credit Facility - for people who like an instant line of credit access
• Home Loan Privileges Package - for people who want to be rewarded with benefits and savings until the expiration of the home loan
• Bridging Finance Loan - for people who wish to purchase a new property before selling the existing one
• Low Doc Home Loan - for people who chose to sign a Borrower's Income Declaration instead of submitting necessary paperwork

Bank of Queensland Mortgage Company home loans offer features that cater to individual needs. Application is based on certain requirements. The other home loan options which are exclusive for existing Bank of Queensland Mortgage Company borrowers are the Smart Start, the Queenslander Home Loan, and the Queenslander Advantage Home Loan Package. The Bank of Queensland Mortgage Company also offer others services for different banking needs.