Revolving Limit for Equipment Finance
Save time and paperwork with ongoing equipment finance
At a glance
COMBINE
All BOQ equipment finance options
REDRAW
Funds once repayments have been made
$ 20,000
Minimum loan amount
Why choose our Revolving Limit for Equipment Finance?
Does your business have an ongoing need for equipment? When you take out a revolving limit, you will have an approved credit limit for equipment finance over a set term.
About the Revolving Limit for Equipment Finance
A revolving limit means you can finance and acquire equipment over an agreed timeframe, without the need to reapply each time you purchase a new asset. You can also redraw funds which become available once repayments are made.
Bulk limits are also available at a shorter time limit that expires after an agreed time period (e.g. six months). Once drawn, the bulk limit cannot be reused.
Which products can I utilise with a revolving/bulk limit?
All equipment finance products offered by BOQ can be utilised under a revolving limit. These include:
Features and benefits
- Minimum limit of $20,000
- Your approved limit is reviewed on a regular basis, usually annually
- Provides certainty about your capacity to commit to asset purchases, as opportunities arise
- Can be combined with a Master Agreement, that further reduces the paperwork burden when drawing down a new asset
- No line fees for the limit
Important information
For important information on Equipment and Vehicle Financing, view our Terms and Conditions.
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.
Enquire now
- Enquire online now
- Call us on 1300 714 986
Visit a branch
We can also help with:
Acquire your business equipment over time
Commercial Hire Purchase
Obtain the business equipment and vehicles you need through a hire purchase loan, where you pay hire charges over a fixed period.
- 100% finance is available
- Hire purchase term of 1-5 years
- Own the asset after the loan has been paid off
An equipment finance option where you own the asset
Specific Security Agreement (Chattel Mortgage)
Own your own equipment upon purchase through repayments that are mortgaged to BOQ Equipment Finance Limited
- 100% asset financing available
- Own the asset instead of hiring, renting or leasing
- Minimum loan amount of $20,000 over 1-5 years
