Business First Lending Package
At BOQ, we put your business first because our business depends on it. The Business First Lending Package makes absolute sense for business customers, because it allows you to save both time and money, simply by having more of your banking with BOQ.
All you need to do is bundle your banking products and services together and the savings will start to roll in, including interest rate discounts and reduced fees.
Plus you can use the Home Loan Privileges Package as one of the optional products and services to qualify for additional discounts on your business banking. So this package allows your business banking to be linked to, yet easily separated from your personal banking needs.
By having more of your business banking with BOQ, you'll be able to better monitor and administer your finances. And as always, you'll have direct access to a dedicated BOQ Manager to look after all of your banking needs.
The Business First Lending Package, it just makes business sense.
How can it work for my business?
Discover the flexibility, savings and value offered by the Business First Lending Package.
Benefits include:
The more you package the more you may save.
Optional products and services
| |
Product or service
| Benefit
|
| Home Loan Privileges Package | First year annual package fee waived (max. three packages) |
| Business Overdraft | Interest rate discount of 0.15% and reduced Agreed Credit Advance fee |
| Merchant Solutions | No application fee |
| Payment File Upload Facility (Direct Debit and Direct Credit) | Reduced application fee |
| Equipment Finance1 | No application fee on first standard equipment finance transaction |
| Business Visa Debit | No benefit applies, however this counts towards the 2 minimum optional products and services required to be eligible for the additional interest rate discount. |
| Cashflow Finance | No benefit applies, however this counts towards the 2 minimum optional products and services required to be eligible for the additional interest rate discount. |
| Trade Finance | No benefit applies, however this counts towards the 2 minimum optional products and services required to be eligible for the additional interest rate discount. |
1 Equipment Finance issued by BOQ Equipment Finance Limited ABN 78 008 492 582
Additional interest rate discount
Customers who take up and hold a minimum of 2 optional products and services will receive 1.00% discount (additional 0.85%) in the first year on their variable rate Business Term Loan (applicable on new lending only).
Value added benefits
| |
Product or service
| Benefit
|
| Foreign Exchange Payments | Fee discounts available on Internet based foreign exchange payments |
| Commercial Insurance2 | Free face-to-face business insurance continuity evaluation and recommendations when you are referred by us to GIO for your commercial insurance needs3 |
2 Commercial Insurance issued by GIO General Ltd 22 002 861 583
3 Customers must have a minimum commercial property insurable amount of $500,000 (including commercial buildings but excluding personal vehicles and residential property) and insurable amount of not greater than $20,000,000 that falls within GIO's underwriting criteria.
It's so easy to qualify
We'd like as many of our business customers as possible to enjoy the benefits of the Business First Lending Package. That's why we've made it easy to qualify:
- Take up a BOQ Business Term Loan or Business Line of Credit and a Everyday Business Account or a Business Cheque Account or a Business Management Account; and
- Simply pay the upfront package application fee and an ongoing annual package fee.
Interest rates
Our business and personal lending rates are available on the
today's rates page.
Fees and charges
Annual package fee: $495
Application fee: 0.75% of the approved limit applies (minimum $900)
For more information on fees and charges applicable to the Business First Lending Package, please refer to the Business Banking Guide to Fees and Charges.
Drop into one of our
convenient locations or call one of our friendly customer service consultants on 1300 55 72 72.
Products issued by Bank of Queensland Limited ABN 32 009 656 740 AFSL 244616. Valuation fees are payable. Government fees and charges apply. Other fees and charges are payable. Normal credit assessment criteria apply. This website contains general advice. This advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of any advice before acting on it. You should obtain and consider the terms and conditions, Financial Services Guide and Guide to Fees and Charges for the product before making any decision about whether to acquire or continue to hold it. You can obtain a copy of those documents from any Bank of Queensland branch.