Business First Lending Package
Bundle your business banking services and save
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 |
|---|---|
Interest rate discount of 0.15% No monthly loan service fee |
|
No monthly account maintenance fee |
Add-on products and services
| 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).
Value added benefits
| Product or service | Benefit |
|---|---|
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:
- Take up a BOQ Business Term Loan or Business Line of Credit with an
- Everyday Business Account or Business Management Account and
- Pay the upfront package application fee and ongoing annual package fee
Enquire now
You might also be interested in:
Tailored business financing, designed to expand your service
Business Term Loan
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:
- Loan-to-Value Ratio up to 90%+
- Loan terms up to 30 years+
- Redraw facility available on variable interest rate Business Term Loans
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
