The fees and charges outlined in this BUSINESS LENDING section apply to the following packages and accounts.
- Business Privileges Package
- Business Overdrafts
- Business Term Loans
- Commercial Bill Facilities
- Commercial Hire Purchase
- Commercial Leasing
- Commercial Rate Facilities (no longer available for sale)
- Commercial Rate Loan
- Company Housing Loan
- Debtor Finance Facilities
- Guarantee Facilities
- Trade Facilities
Loan Account Fees |
Loan Type | Application fee | Ongoing Fees |
Business Privileges Package | $750.001 $400.002 | Annual Package Fee | $400.003 |
Business Overdraft | 0.75% of the loan amount, with a minimum of $600.00 | Agreed Credit Advance Fee | 0.25% of approved overdraft limit4 |
Business Term Loan | Loan Service Fee | $10.00 per month |
Commercial Rate Loan | Loan Service Fee | $25.00 per month5 |
Commercial Bill Facility | Not applicable |
Guarantee Facility | Line Fee | 2% per annum6 |
Trade Facility | On application | Not applicable |
| Housing Loan | $495.00 | Home Loan Fee | $8.00 per month |
| 1 Payable for the application and establishment of your Business Privileges Package. |
| 2 Payable when you convert your eligible Business Overdraft or Business Term Loan to a Business Privileges package. |
| 3 Charged annually on the anniversary of the package establishment date, for every year or part of the year that you hold the package. |
| 4 This fee will be charged quarterly on the last day of March, June, September and December. |
| 5 This fee is assessed monthly and payable on your interest payment date. |
6 Fee is payable half-yearly in advance. |
Commercial Rate Loans |
Unused Limit Fee (ULF) |
| Charged monthly in arrears from the anniversary of facility establishment date | minimum 2.00% per annum of the unused portion of the facility limit. (The actual amount is determined at the time of approval) |
Debtor Finance Facilities |
| Facility/Administration Fee | On application |
| Annual Fee | On application |
| Exit Fee | On application |
| Credit Reference Check | $20.00 each enquiry |
| Multi-Score Credit Reference Check | $40.00 each enquiry |
| Merchant Service Fee | 2% of transaction amount (GST inclusive) |
| Mailing Fee | $0.77 each item (GST inclusive) |
Equipment Finance Facilities |
| The following fees are applicable to Commercial Hire Purchase, Commercial Leasing, Chattel Mortgage and Bill of Sale facilities. All of the following fees are GST inclusive. |
| Documentation Fee | $210.00 |
| Hire Purchase Variation Fee | $110.00 |
| Private Sale Document Fee | $550.00 |
| Sale and Lease/Hire Back | $550.00 |
| Non Standard Documentation Fee | Based on complexity Minimum $550.00 |
| Arrears Administration Fee | Nil |
| Copy of Document Fee | Nil |
| Early Termination Fee | Upon request |
| Re-documentation Fee (customer error) | $210.00 |
| Transfer/Assignment of Lease | $210.00 |
Housing Loans (in Company Names) |
Prepayment Adjustment Administration Fee |
| Charged for home loans repaid within 3 years of settlement. |
- 1 year Fixed Rate Home Loans
| 0.5% of approved loan amount $495.00 |
Redraw Fee |
| Charged each time advance loan payments are re-drawn | Free |
Trade Facilities |
| Please refer to your Facility Agreement for details of fees and charges. Details of fees and charges for Documentary Letters of Credit are set out in the section "International Services". |
Drawdown Fee |
| Payable each time you draw down or roll over your Trade Facility. This fee was previously called a Refinance Fee. | $50.00 |
General Lending Fees |
The General Lending Fees outlined in this table are general in nature and subject to your Facility Agreement, apply to all Business Lending products and services. If you are uncertain whether these charges may apply to you, please refer to your Facility Agreement for more specific information. Some of these fees may not apply to you. |
Additional Security Fee |
Payable when more than one security is required by Bank of Queensland. | $150.00 |
Break Cost Administration Fee |
- Business Term Loans and Company Housing Loans
- Commercial Bill Facility and Commercial Rate Loans
| $50.00 $250.00 |
Break Costs | The amount is calculated in accordance with your Facility Agreement |
The Break Cost Administration Fee and Break Costs are charged in accordance with your Facility Agreement, and may be payable if: - A fixed rate period is broken (by your paying out the loan or changing loan types or as a consequence of a default causing the full amount of the loan to fall due for payment).
- You pay more than the total of your elected repayments plus $5,000 in any 12 month period during your fixed rate period.
- A Break Cost event occurs and we make a loss from re-arranging our funding.
|
Construction Loan Fee |
- Contract Builder
- Owner Builder
Allows up to 4 drawings, with each additional drawing $100.00. | $250.00 $500.00 |
Settlement Fee |
Payable for completing settlement of your facility. | $100.00 |
Switching Fee |
Payable whenever your account is converted to another type of account at your request. For Commercial Rate Loans, this fee is payable when switching facility types or changing interest periods. | $300.00 |
Temporary Limit or Temporary Limit Increase Fee |
Payable for the establishment of a temporary increase to your business overdraft facility limit, or the establishment of a temporary limit on your Everyday Business Account, Business Cheque Account, Business Management Account or Unlimited Business Account TM. |
Amount of Limit or Limit increase: - Up to $100,000
- $100,000 and over.
| $200.00 $300.00 |
Trust Review Fee |
Payable for review of each trust deed. | $260.00 |