A Revolving Limit or a Bulk Limit is a credit limit which is established for a client against which it can draw funds for the financing of goods under finance products offered by BOQ Equipment Finance Limited, without the need for further approval at the time of each draw-down.
Features and benefits
- limit is reviewed on a regular basis, usually annually
- Revolving Limit allows the client to re-draw funds that have been repaid, provided the limit is still current and is not exceeded
- Bulk Limit allows the client to draw down the total funds once-only, ie funds cannot be redrawn as repayments are made
Fees and charges
There are associated Government charges and costs, which vary from State to State, in addition to our fees and charges.
To apply for an equipment loan visit one of our convenient locations or call one of our friendly customer service consultants on 1300 55 72 72.