Business First Lending Package
Bundle your business banking services and save
Bundle your business banking services and save
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.
Product or service | Benefit |
---|---|
Interest rate discount of 0.15% No monthly loan service fee |
|
No monthly account maintenance fee |
Product or service | Benefit |
---|---|
Interest rate discount of 0.15% and reduced agreed credit advance fee |
|
No application fee |
|
Payment File Upload Facility (Direct Debit and Direct Credit) |
Reduced application fee |
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. |
No benefit applies, however this counts towards the two minimum optional products and services required to be eligible for the additional interest rate discount. |
|
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).
Product or service | Benefit |
---|---|
Fee discounts available on Internet based foreign exchange payments |
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 |
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.
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.
For important information on our Business First Lending Package, view the terms and conditions below.
Tailored business financing, designed to expand your service
Do what you do, just do it bigger.
Loan-to-Value Ratio up to 90% and flexible repayment options available on Business Term Loans+.
Why choose our Business Term Loan:
Finance your equipment without tying up your cashflow
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.