Revolving limit
A Revolving Limit or a Bulk Limit is a credit limit which is established for a client against which it can draw funds for the financing of goods under finance products offered by the Bank of Queensland Equipment Finance Limited, without the need for further approval at the time of each draw-down.
Features and benefits
- limit is reviewed on a regular basis, usually annually
- Revolving Limit allows the client to re-draw funds that have been repaid, provided the limit is still current
- Bulk Limit allows the client to draw down the total funds once-only, ie funds cannot be redrawn as repayments are made
Fees and charges
There are associated Government charges and costs, which 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 September 3, 2010.
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.