At a glance

4.79 %P.A.
2 year packaged fixed rate (residential security)
5.29 %P.A.
2 year packaged fixed rate (other security)
$0 
Monthly account fee on selected business accounts
EXTRA 
Lending discount if you take up 2 optional products/services

Why choose our Business First Lending Package?

Our Business First Lending Package bundles your business banking products and services together so you can save on fees and receive discounted interest rates. The more you package with us, the more you'll save.

Dedicated BOQ Manager

Have direct access to a BOQ Manager to look after all of your banking needs

Discounted interest rates

Save on interest rates on business loans, overdrafts and line of credit

Save on fees

Waived monthly fees on our business transaction account, business term loan and business line of credit products.

Standard business banking package

 

Product or service Benefit

Business Term Loan

or Business Line of Credit

Interest rate discount of 0.15% 

No monthly loan service fee

Everyday Business Account 

or Business Management Account

No monthly account maintenance fee

Add-on products and services

Product or service Benefit

Business Overdraft

Interest rate discount of 0.15% and reduced agreed credit advance fee

Merchant and Payment Solutions

No application fee

Payment File Upload Facility (Direct Debit and Direct Credit)

Reduced application fee

Equipment Finance*

No application fee on first standard equipment finance transaction

Business Visa Debit

No benefit applies, however this counts towards the two minimum optional products and services required to be eligible for the additional interest rate discount.

Debtor Finance 

No benefit applies, however this counts towards the two minimum optional products and services required to be eligible for the additional interest rate discount.

Trade Finance

No benefit applies, however this counts towards the two minimum optional products and services required to be eligible for the additional interest rate discount.

 

Additional interest rate discount

Customers who take up and hold a minimum of 2 optional products and services will receive 1.00% discount (additional 0.85%) in the first year on their variable rate Business Term Loan (applicable on new lending only).

Value added benefits

Product or service Benefit

Foreign Exchange Payments

 Fee discounts available on Internet based foreign exchange payments

 

Interest rates

Benefit from discounted interest rates as part of the Business First Lending Package.

Lending Interest rates  (% p.a.) Residential Security Other Security
Business Term Loan - variable3    
Packaged variable6 6.87 7.87
1 year discount packaged variable7 6.40 7.15
Business Term Loan  - fixed3 6    
1 year packaged fixed 4.79 5.29
2 year packaged fixed 4.79 5.29

3 year packaged fixed

4.84

5.34

4 year packaged fixed 5.14 5.64
5 year packaged fixed 5.34 5.84
Business Line of Credit - variable 6
   
Packaged variable 7.42 8.17
Business Overdraft - variable 6    
Packaged variable
8.21
8.96

Fees

At BOQ, we keep our fees to a minimum. Any fees we do have we’ll show you up front so there are no surprises.

Business First Lending Package Fees
Fee type Amount
Annual package fee $495
Application fee 0.75% of the approved limit applies (minimum $900)

A full list of fees can be found in our Fees and Charges Guide below.

 

Important information 

For important information on our Business First Lending Package, view the terms and conditions below.

 

Ready to apply?

To qualify for a Business Banking Package:

 

You might also be interested in:

Tailored business financing, designed to grow your business

Business Term Loan

Looking to grow your business? Get started with 3.49% p.a. on variable interest rate Business Term Loans.1

Why choose our Business Term Loan:

  • Loan-to-Value Ratio up to 90%+
  • Loan terms up to 30 years+
  • Redraw facility available on variable interest rate Business Term Loans
  • Variable rates from 3.49% p.a. 1

Finance your equipment without tying up your cashflow

Equipment and Vehicle Finance

Whether you want to lease your equipment, salary package your vehicle or you're looking for a short-term finance solution to grow your business, we can help with a full suite of funding options.

  • Spread your repayments over the life of the equipment
  • No capital outlay
  • Structure repayments to suit your cash flow