At a glance

3.69 %P.A.1
Discount variable business term loans
2.95 %P.A.1
Discount fixed rate business term loans
$ 10,000 
Minimum loan amount

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.

Flexible repayment options to suit your cash flow needs

  • Principal and Interest or Interest-only repayment options (up to a maximum of 5 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.

Additional features

Feature Detail

Loan amount

Minimum loan amount is $10,000

Loan term

Minimum term is 1 year

Maximum terms are:

25 years for loans 100% secured by residential property

15 years for non-residential property or mixed security

Repayments

Principal and interest

Interest only up to a maximum of 5 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

Discount variable & fixed rate offers available for a limited time 1
Lending Interest rates (% p.a.) Lending reference rate (% p.a.) Discount offer (% p.a.) Annual percentage rate (% p.a.)

Residential security variable rate

 6.77 3.08 3.69

Other security variable rate

 7.77 3.78 3.99
3 Year Fixed Rate (Residential Security)  4.09 1.14 2.95
3 Year Fixed Rate (Other Security)  4.39 1.44 2.95
Standard variable rate*
Lending Interest rates (% p.a.) Residential Security Other Security

Typical variable rates#~

 4.35 4.75

Variable base rates

 6.77 7.77
 
Standard fixed rate*
Lending Interest rates (% p.a.)~ Residential Security Other Security

1 year fixed base rates

 4.09 4.39

2 years fixed base rates

 4.09 4.39

3 years fixed base rates

 4.09 4.39

4 years fixed base rates

 4.19 4.49

5 years fixed base rates

 4.39 4.69

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.

 

Ready to apply?

Enquire now

Visit a branch

You might also be interested in:

Everyday Business Account
$10 FLAT
monthly account fee

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
Apply now Learn more
Equipment and Vehicle Finance

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
Learn more Enquire now