Finty
Bank of Queensland

Bank of Queensland Escrow

Equipment financeSecured

This product is offered by BOQ Finance, a leader in mid-market finance, that understands the diverse needs of asset-intensive sectors. This Escrow facility supports customers who are acquiring equipment that is constructed and / or installed over time requiring progress payments over more than one milestone. The customer is typically a commercial entity (e.g. company, trust or partnership) with the capacity to manage a staged delivery and payment structure and to transition into a standard BOQEF facility (Lease, Commercial Hire Purchase or Specific Security Agreement) once the equipment is completed.

Establishment fee
Not published
Monthly fee
Not published
Borrow
Not published

Interest rate a year, from

Not published

Apply now

Loan details

Rates

Interest rate (a year)
On application
Rate type
Not published
Security
Secured
Type of finance
Equipment finance

Limits and fees

Loan amount
Not published
Loan term
Not published
Establishment fee
Not published
Monthly fee
Not published

Pros and cons

Pros

  • No early repayment fee listed. You can pay the loan off early, or refinance, without a penalty. Check the terms to be sure.

Cons

  • Secured against an asset. That usually keeps the rate down, but the lender can take the asset if you can't repay.