Lease / CHP escrow
A Lease or Commercial Hire Purchase (CHP) Escrow facility provides interim finance to allow progress payments on equipment being constructed/installed over a period of months to be made on behalf of the lessee or hirer.
Features
- The Lessee/Hirer enters into an Escrow agreement with the Bank Of Queensland Equipment Finance Limited.
- Under this agreement, the Bank of Queensland Equipment Finance will make progress payments for the goods upon receipt of authorisation from the Lessee/Hirer.
- When the Lessee/Hirer is satisfied with the construction/delivery of the goods, they enter into a standard Lease or Hire Purchase Agreement with the Bank Of Queensland Equipment Finance.
Fees and charges
There are associated Government charges and costs, which may vary from state to state, in addition to our fees and charges.
To apply for an equipment loan visit one of our convenient locations or call one of our friendly customer service consultants on 1300 55 72 72.
Important information
Information current as at July 4, 2008.
Equipment and vehicle finance products are offered by Bank of Queensland or its wholly owned subsidiary, BOQ Equipment Finance Limited ABN 78 008 492 582.
Fees and charges are payable. Normal credit assessment criteria apply. Full terms and conditions are available from BOQ Equipment Finance Limited.