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Features and benefits
Interest rates
Fees and charges
How to apply
Important info

Business Term Loan

The idea of business banking should be to help your business grow, and we do this by offering our Business Term Loan. This finance option is suitable for business borrowings such as for business expansion, construction of new premises or major plant and equipment upgrades.

Features and benefits

Available as either a variable interest rate or a fixed interest rate for one to five years.
Interest only options are available.
Redraw facility available on variable interest rate Business Term Loans.
Portable, in the event you upgrade or relocate to new business premises during the term of the loan.
View balances and account information using Internet Banking.
Link to the online service that suits your business.
Find out if you're eligible for a Business Privileges Package.

Feature	Detail
Repayment options	Repayments are principal and interest or interest only, and can be made weekly, fortnightly or monthly by periodical transfer. Repayments can be for greater than the minimum required amount, but once agreed cannot be adjusted during any fixed rate term.
Additional repayments	Bulk loan principal reductions of up to $5,000 every twelve months can be made on fixed rate loans. There is no restriction on principal reductions on variable rate loans.
Loan term	Minimum term is the fixed term for fixed rate loans. The minimum term for variable rate loans is one year. Maximum term is 15 years (other security) and 25 years (residential security).
Loan amount	Minimum loan amount is $10,000. No maximum loan amount. Maximum loan amount is dependent on your available security and ability to repay.
Security	Business Term Loan - residential security is available for loans fully secured by residential property, with a maximum loan to valuation ratio of 80% without mortgage insurance (up to 90% with mortgage insurance). Business Term Loan - other security is available for loans secured by other security types.

Interest rates

Interest rates (% p.a.)	Term Residential Security Base Rate	Term Other Security Base Rate
Variable	9.40*	10.15*

Interest rates (% p.a.)	Residential security	Other security
1 year fixed	6.65*	7.15*
2 years fixed	7.15*	7.65*
3 years fixed	7.60*	8.10*
4 years fixed	7.90*	8.40*
5 years fixed	8.10*	8.60*

^*customer margin may apply (subject to approval)

Fees and charges

Fee type	Fee
Application Fee	0.75% of the approved limit applies (minimum $600).
Monthly Service Fee	$10.00 per month

How to apply

Drop into one of our convenient locations or call one of our friendly customer service consultants on 1300 55 72 72

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

Information current as at 14th November 2008.

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 relevant Product Disclosure Statement (PDS), 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.