At a glance

7.40 %P.A.
Variable rate - residential security
$ 50,000
Minimum loan amount
1 YEAR
Minimum loan term

Why choose our Business Line of Credit

Our Business Line of Credit loan offers convenience, flexibility and peace of mind. 

Whether you are expanding your business or you need to cover short term cash shortages, you can access additional funds when you need it, up to an approved limit.

Interest on withdrawal

Interest is only charged on the amount you withdraw and you can re-use your funds

Interest only repayments

A variable interest rate with interest only repayments

Interest rates

Business Line of Credit Interest Rates*

Lending Interest rate Residential Security (% P.A.) Other Security (% P.A.)
Variable 7.40 8.15

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.

Fee Type Fee

Application fee

0.75% of the approved limit applies (minimum $750)

Monthly loan service fee

$25.00 per month

A full list of fees and charges are outlined in our Fees and Charges Guide below.

Important information

For important information on our Business Line of Credit, view the Terms and Conditions below:

 

Ready to apply?

Whether you’re ready to apply or you’d like to know more, one of our business specialists will be happy to help and provide more information.

Make an enquiry

Visit your local branch

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