Business Term Loan

Bank of going beyond for your business.{sub-heading}

Talk to us today about how we can help.{sub-heading}

Enquire now

Person at their warehouse happy with their business term loan
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At a glance

$0 app fees 4{rate-display}

$0 application fees on new eligible business loans. Limited time. T&Cs apply.4

90% *{rate-display}

Up to 90% Loan-to-Value Ratio

30yrs *{rate-display}

Up to 30 years Loan Term

Why choose our Business Term Loan{yellow-border}

Whether you are looking to buy a new business, grow your business or to expand your operations, our Business Term Loan can help with your business financing needs{sub-heading}

Flexible repayment options to suit your cash flow needs

Principal and Interest or Interest-only repayment options (up to a maximum of 10 years)

Choose weekly, fortnightly or monthly repayments

Interest rate options

Choose from a variable or fixed interest rate loan and flexible repayment options depending on your business needs.

Redraw facility

Redraw funds paid in addition to the minimum loan repayments (available on variable interest rate Business Term Loans only).

Learn more on how to do this online

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Additional features{yellow-border}

Feature
Detail
Loan amount
Minimum loan amount is $10,000
Loan term

Minimum term is 1 year

Maximum terms are:

Up to 30 years for loans 100% secured by residential property Up to 30 years for non-residential property or mixed security

Repayments

Principal and interest

1 – 5 year interest only terms and a 10 interest only option for eligible customers

Flexible repayment options including weekly, fortnightly or monthly

Additional repayments

Variable rate Business Term Loans: No restrictions

Fixed rate Business Term Loans: Principal reductions of up to $10,000 every 12 months

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Interest rates{yellow-border}

Discount variable rate offers available for a limited time2

Lending Interest rates[br](% p.a.)
Residential Security
Other Security
Variable rates
{boqb-lending-rates||934186 ||rate}
{boqb-lending-rates||852710||rate}

Standard variable rate3

Lending Interest rates[br](% p.a.)
Residential Security
Other Security
Typical variable rates# ~
{boqb-lending-rates||602579||rate}
{boqb-lending-rates||908241||rate}
Variable base rates
{boqb-lending-rates||792540||rate}
{boqb-lending-rates||306184||rate}

Standard fixed rate3

Lending Interest rates[br](% p.a.)~
Residential Security
Other Security
1-5 year fixed based rates
Available on request {colspan-2}
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Fees{yellow-border}

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 service fee
$25 per month

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

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Important information{yellow-border}

For important information on our Business Term Loan, view the terms and conditions below.

Business Lending Facility General Conditions

PDF{sub-tag}
/content/dam/boq/files/terms-and-conditions/facility-general-conditions.pdf

Business Lending Supplementary Terms and Conditions

PDF{sub-tag}
/content/dam/boq/files/terms-and-conditions/business/business-lending-supplementary-terms-conditions.pdf

Business Banking Guide to Fees and Charges

PDF{sub-tag}
/content/dam/boq/files/terms-and-conditions/business/business-banking-guide-fees-and-charges.pdf
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Handy Tools{yellow-border}

Compare our business loans

Compare our business loan features side by side

Compare loans

Loan Repayment Calculator

Find out what your loan repayments will be based on your loan term

Use calculator

You might also be interested in:

horticulturalist looking into getting a business account

Everyday Business Account

Our low fee business bank account

Manage your transactions with ease - all for a low monthly fee.

  • Free branch, ATM and cheque deposits
  • Free Direct Debits and Direct Credits
  • Easy account access through ATM/EFTPOS, Internet and Mobile Banking
owner looking into equipment finance for their business

Equipment and Vehicle Finance

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.

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

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