Business Financing & Business Term Loans

At BOQ, your business is our team’s number 1 priority. To help your business grow, our Business Term Loan is suitable for a range of purposes including business purchase, expansion, construction of new premises or major plant and equipment upgrades. 

 

 

Features and benefits

  • Discount variable rates from 4.63% p.a. available for a limited time^. Refer to "Important Information" for more details.
  • Typical variable rates from 5.40% p.a.#
  • Fixed rates for 1 to 5 years are available.
  • Redraw facility available on variable interest rate Business Term Loans.

 

Rates apply to new borrowing only. Your actual interest rate may vary depending on the size of your loan, security being offered and full credit assessment of your application for finance. A margin may also apply.

 

FeatureDetail

Loan amount

Minimum loan amount is $10,000

Loan term

Minimum term is 1 year

Maximum terms are:

25 years for loans 100% secured by residential property

15 years for non-residential property or mixed security

Repayments

Principal and interest

Interest only up to a maximum of 5 years

Flexible repayment options including weekly, fortnightly or monthly

Additional repayments

No restriction on variable rate loans

Principal reductions of up to $5,000 every 12 months on fixed rate loans


Interest rates

For variable rate loans, interest rates are comprised of the applicable base rate less any applicable risk-based customer discount. The base rate and any discount will be determined by BOQ during the assessment of your application for finance.

 

All Business Term Loan rates are subject to change without notice and are available on the Today's rates page.

 


Fees and charges

Fee typeFee

Application Fee 

0.75% of the approved limit applies (minimum $750).

Monthly Service Fee 

$20.00 per month


Important information

Please view the terms and conditions listed below on the Terms and Conditions page: 

  • Business Lending Supplementary Terms and Conditions
  • Business Banking Guide to fees and Charges

 

 



Disclaimer

Discount variable rate offers only available on new lending with a minimum loan amount of $200,000. The variable discount is for the life of the loan as long as the loan is retained under a variable Business Term Loan product. Discount rate offers are not available to self-managed super fund borrowing, for the purchase of residential property or on refinance of, or an increase to, existing BOQ facilities. Interest rates quoted are indicative only, and are subject to change without notice. Your actual interest rate may vary depending on the size of your loan, security being offered and full credit assessment of your application for finance. A margin may also apply. These interest rate offers cannot be taken in conjunction with or in addition to any other packages, negotiated interest rates or special offers.