
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
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.