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.

 

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: 

 

 Standard package features and benefits   

 Product or service 

 Benefit 

 Business Term Loan or Business Line of Credit 

 Interest rate discount of 0.15% and

 No monthly loan service fee

 Everyday Business Account or Business Management Account 

 No monthly account maintenance fee

 

The more you package the more you may save.

 

Optional products and services  

 Product or service 

 Benefit 

 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 two minimum optional products and services required to be eligible for the additional interest rate discount.
 Debtor Finance  No benefit applies, however this counts towards the two 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 two 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:



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.