At a glance
Why choose our Business Term Loan
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.
Additional features
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 25 years for non-residential property or mixed security+ |
Repayments |
Principal and interest Interest only up to a maximum of 10 years 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 $5,000 every 12 months |
Interest rates
Make the most of our discount variable & fixed rate offers
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 service fee |
$25 per month |
A full list of fees can be found in our Fees and Charges Guide below.
Important information
For important information on our Business Term Loan, view the terms and conditions below.
You might also be interested in:
Our low fee business bank account
Everyday Business 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
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