
Get exclusive money-saving offers and guides
Straight to your inbox
Bank of Queensland's (BOQ) Commercial Rate Loan provides business funding at competitive interest rates. Business owners can choose between four different interest rate options, each with its own loan terms and repayment schedule.
With loan amounts available from $500,000, this loan type is best for property purchases and investment opportunities. The maximum repayment period is 5 years. Additional repayments are accepted and you do have access to a redraw facility with the variable interest rate options.
0.75%
Upfront Fee
1 to 5 years
Loan Term
We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
Product Name | BOQ Commercial Loan |
---|---|
Min. Loan Amount | $500,000 |
Max. Loan Amount | No maximum amount |
Loan Security | Secured |
Upfront Fee | 0.75% |
Loan Term | 1 to 5 years |
Depending on what your business needs and its cash flow requirements, you can choose between a variable interest rate loan, an interest-capitalised variable loan, a fixed interest rate loan or an interest-prepaid option. Certain features such as the redraw and progress draw facilities are only available with variable interest rate options.
Besides residential or commercial property, you can secure the loan with assets such as fixed or floating company charge or a director's guarantee.
If you're interested in applying for the Commercial Rate Loan, here are some of the features from which you can benefit.
You can apply for this loan by clicking "Go to Site" on this page. Joint applications are allowed.
Besides evidence to prove your business can repay the loan, you will be asked to provide the following information:
This loan is available for bigger purchases or investments to expand business interests. If you're considering using your business assets and property to secure the loan, take time to consider alternative loan products before making a decision.