Business Financing & Business Term Loans

Flexible business financing to grow your business

Whether you are looking to buy a new business, grow your business or to expand your operations, our Business Term Loan can help with your business financing needs. Our Business Term Loan can be suitable for a range of purposes including small business financing, business purchase, expansion, construction of new premises or major plant and equipment upgrades.


Every business is different, which is why we give you the choice of terms to suit your business needs. Choose from a variable or fixed rate loan, your loan term (minimum 1 year) and your security to secure your business financing. 




Features and Benefits

  • Choose between a variable or fixed rate loan
  • Discount variable rates from 4.78% p.a. available for a limited time^. Refer to "Important Information" for more details.
  • Typical variable rates from 5.55% 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.



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


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

Business Loan 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.


If you want to borrow over $1m that is not residentially secured, speak to us today on 1300 714 986 or enquire online. Interest rates are determined by your individual business circumstances. Your Business Banking Manager will take into consideration your needs and circumstances and provide you with competitive rate options.


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





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.