Bank of Queensland Commercial Rate Loan
Term loan
Our Commercial Rate Loan gives you access to competitive market interest rates where you can set your repayment term, choose between a variable or fixed interest rate, and your interest period
- Establishment fee
- $150
- Monthly fee
- $50
- Borrow
- From $500,000
Interest rate a year, from
Not published
Loan details
Rates
- Interest rate (a year)
- On application
- Rate type
- Not published
- Security
- Not published
- Type of finance
- Term loan
Limits and fees
- Loan amount
- From $500,000
- Loan term
- Not published
- Establishment fee
- $150
- Monthly fee
- $50
How it compares
Against the other business loans we compare. Typical means the middle half of them.
Setup fee
$150
A typical setup fee is $26.
Monthly fee
$50
A typical monthly fee is $25.
Pros and cons
Pros
Nothing stands out.
Cons
- A $50 monthly fee. That adds $3,000 over 5 years, as well as the interest.
- An early repayment fee. Paying the loan off early or refinancing can cost a fee, which cuts into what you save by repaying sooner.