Helping you through this difficult time

For our business and self-employed customers, our relationship bankers are ready and available to assist you. We understand the importance of helping you manage cash flow through these challenging times.

Business Loans

Business Banking Relief Package

If you have been affected by COVID-19 and you have not accessed our Banking Relief Package, you may be eligible for assistance. We will assess your application based on your financial position. If you are already accessing our Banking Relief Package and you are not in the position to start making repayments when your initial repayment deferral period expires, you may be able to apply for additional assistance. A little extra time or a more tailored solution could be the right option to help you get back on track.^
Apply online for assistance
 
Loan Deferral Calculator

It’s important to understand that while you are deferring your repayments, interest will continue to accrue on your loan balance. Your loan balance will increase as interest is added to the loan, which means you may end up paying more. You can use BOQ’s Loan Deferral Calculator to understand what deferring your repayments would mean for your loan. 

We’ll be in touch

We’re currently sending text messages to some of our customers who have accessed BOQ’s COVID-19 Banking Relief Package, to check how this is going and what they’d like to do next. These messages include text only (no links) and ask customers to Reply 1 or 2, depending on their situation.

We’re aware there are also a number of phishing text messages circulating, that ask the recipient to click on a link to access or provide more information. Remember, BOQ will never send you a link to a sign-in page, to confirm your personal details or to access Internet Banking directly. If you receive anything you might be suspicious of, avoid clicking any links and report directly to financialcrimes@boq.com.au and Scamwatch at https://www.scamwatch.gov.au/report-a-scam

 

SME Guarantee Scheme

The Federal Government has launched Phase 2 of the SME Guarantee Scheme to continue to provide eligible small to medium enterprises (SMEs) with access to additional funding. For businesses, this means better access to finance if you’re looking to adapt to a new operating environment, support current or upcoming cash flow needs, or invest for the future.

Learn more

One Year Interest Only

If you hold an existing variable rate Business Term Loan and your Total Business Related Exposure with BOQ is less than $3 million, you can switch to a one year Interest Only period or extend an expiring Interest Only term for an additional year (excluding leasing customers). Please call your Relationship Manager or visit your local BOQ branch for more information.

Find a branch

Reduced Business Lending Rates

We recently reduced our Business Term Loans and Business Overdrafts interest rates by 0.35% per annum to help businesses manage their cash flow.

View current rates
  • ^Important Information

    Package deferral period

    If you’re not in a position to start making your loan repayments after your initial repayment deferral period has expired, you may be able to apply for additional assistance.

    A BOQ team member will discuss this option with you when we check-in towards the end of your current repayment deferral period. Alternatively, if you would like to discuss your options sooner, you can contact our dedicated team on 1800 066 281.

    Additional assistance is not automatic or guaranteed. If you choose to apply for assistance beyond your initial repayment deferral period, BOQ will complete a financial assessment and will notify you whether or not your application is approved.

    The financial consequences of deferring your loan repayments
    It's important to understand that while you are deferring your repayments, interest will continue to accrue on your loan balance. Your loan balance will increase as interest is added to the loan, which means you may end up paying more. You can use BOQ’s Loan Deferral Calculator to understand what deferring your repayments would mean for your loan.

    To reduce the total amount you will need to repay over the term of your loan, it’s a good idea to return to making your regular repayments as soon as your circumstances allow. You can also choose to make repayments of any amount to your loan at any time during your repayment deferral period. These repayments will not affect your access to BOQ’s Banking Relief Package.

Contact us

For more information, call 1800 079 866 or apply online now.

Apply online for assistance

For more information, please apply online now. If you would prefer to speak to one of our dedicated customer assistance specialists, you can call us on 1800 079 866 or email CustomerAssistanceTeam@boq.com.au.

Please note that we are receiving a high volume of enquiries as we work to support all of our customers and ask for your patience during this time.

Contact numbers  

BOQ

1800 079 866 (+61 7 3336 2420)

BOQ Business

1800 079 866 (+61 7 3336 2420)

BOQ Credit Card (Citibank)

1800 261 300

BOQ Finance

1800 079 866 (+61 7 3336 2420)

BOQ Specialist

1300 160 160 (+61 2 9293 2121)

For enquiries not related to COVID-19, please visit our Contact Us page.