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 4.63% 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.
Minimum loan amount is $10,000
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
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
0.75% of the approved limit applies (minimum $750).
Monthly Service Fee
$20.00 per month
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