At a glance
Why choose our Commercial Rate Loan?
Our Commercial Rate Loan gives you access to competitive market interest rates where you can set your repayment term, choose between a variable or fixed interest rate, and your interest period.
Interest rate terms
|Interest rate options||Loan terms|
|Variable||1, 2 and 3 months|
|Interest Capitalised Variable||1, 2 and 3 months|
|Fixed||1, 2, 3, 4 and 5 years|
|Interest Prepaid||1 year|
|Interest rate||Interest rates are set daily for each facility type and each interest period.|
Interest payment options
|Interest payment options||Loan terms|
|Variable||1, 2, and 3 months in arrears|
|Interest Capitalised Variable||1, 2 and 3 months in arrears|
|Fixed||Monthly in arrears|
|Interest Prepaid||Yearly in advance|
For Variable Commercial Rate Loan and Interest Capitalised Variable Commercial Rate Loan the interest payment date must match the interest period option.
Interest rates for the Commercial Rate Loan are available at any BOQ branch.
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.
|Application Fee||0.75% of the approved limit applies (minimum $750).|
|Monthly Service Fee||$50.00 per month|
A full list of fees can be found in our Fees and Charges Guide below.
For important information on our Commercial Rate Loan, view the Terms and Conditions below.
You might also be interested in:
Free up your cash flow spent on insurance premiums
Pay your annual insurance premiums through flexible repayments, allowing your working capital to stay in your business.
- Easy monthly instalments
- 6 to 12 month options
- Release cash flow to invest back into your business
Manage your cashflow and cover expenses
You can't always predict when an unexpected expense will arise, or when you need to cover shortages in your cash flow. Our Business Overdraft gives you access to a minimum of $10,000, up to an approved limit.
- Attach to your BOQ Business Transaction Account for access when you need it
- Interest only charged on funds utilised
- Access your overdraft via EFTPOS, online banking, direct debit, in branch or via cheque