Compare loan features
Use this guide to our business loan features to help you decide which best suits your requirements
Account features | Business Overdraft | Business Line of Credit | Business Term Loan | Commercial Rate Loan | Commercial Rate Facility
(not available for new loans) | Business Privileges Package |
Interest charged | Monthly in arrears | Monthly in arrears | Monthly in arrears | Variable charge periods | Monthly in arrears | View the benefits of this business package. |
Interest rate | Variable only | Variable only | Fixed or variable | Fixed only (interest rates are set daily for each loan type and each interest period) | Fixed only |
Interest only option | n/a | n/a | Yes | Yes | Yes |
Minimum loan amount | $10,000 | $50,000 | $10,000 | $500,000 | $100,000 |
Maximum Loan to Value residential security | 80% of property value (less existing debt) | 80% of property value (less existing debt)
| 80% of property value (less existing debt) | 80% of property value (less existing debt) | 80% of property value (less existing debt) |
Maximum Loan to Value other security | 70% of commercial property value | 70% of commercial property value
| 70% of commercial property value | 70% of commercial property value 60% of industrial property value | 70% of commercial property value 60% of industrial property value |
Minimum loan term | No minimum | 1 year | Fixed for fixed rate term | Fixed for fixed rate term Variable - 1 year | Fixed for fixed rate term |
Maximum loan term | n/a | 15 years (other security) 25 years (residential security)
| 15 years (other security) 25 years (residential security) | 5 years | 5 years |
Repayment and access types | Business Overdraft | Business Line of Credit | Business Term Loan | Commercial Rate Loan | Commercial Rate Facility
(not available for new loans) | Business Privileges Package |
Repayment type | Interest only paid in arrears | Interest only paid in arrears
| Principal & interest or interest only paid in arrears | Interest only paid in arrears or interest in advance | Principal & interest or interest only paid in arrears | View the benefits of this business package. |
Repayment frequency | n/a | n/a | Weekly, fortnightly, monthly | Variable repayment terms | Variable repayment terms |
Additional repayments | n/a | n/a | Yes | Yes | Yes |
Redraw (subject to approval) | n/a | n/a | Yes - variable interest rate loans only | Yes | Yes |
ATM access | Yes# | Yes# | No | No | No |
Internet Banking access | Yes | Yes | Yes | Yes | Yes |
#Access available to business or company accounts with an individual signing authority.
Products issued by Bank of Queensland Limited ABN 32 009 656 740 AFSL 244616. Fees and charges are payable. Full terms and conditions are available at any Bank of Queensland branch. 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.