Revolving Limit for Equipment Finance
Save time & paperwork with ongoing equipment finance
Does your business have an ongoing need for equipment? When you take out a revolving limit, you will have an approved credit limit for equipment finance over a set term.
This means you can finance and acquire equipment over an agreed timeframe, without the need to reapply each time you purchase a new asset. You can also redraw funds which become available once repayments are made.
Bulk limits are also available at a shorter time limit that expires after an agreed time period (e.g. six months). Once drawn, the bulk limit cannot be reused.
Which products can I utilise with a revolving/bulk limit?
All equipment finance products offered by BOQ can be utilised under a revolving limit. These include:
Features and Benefits
- Minimum limit of $20,000
- Your approved limit is reviewed on a regular basis, usually annually
- Provides certainty about your capacity to commit to asset purchases, as opportunities arise
- Can be combined with a Master Agreement, that further reduces the paperwork burden when drawing down a new asset
- No line fees for the limit
Please view the terms and conditions listed below on the Terms and Conditions page:
There may be associated Government charges and costs, which vary from State to State, in addition to our fees and charges.
Revolving and bulk limits are provided by BOQ Equipment Finance Limited.
How to apply