BOQ Specialist Equipment Finance
Equipment financeSecured
We offer a range of lending options for investing in new equipment for your medical, dental or veterinary practice. We have helped thousands of practice owners find the best finance solution for their individual situation, and because we only deal with doctors, dentists and vets we truly understand the equipment finance needs of these industries. The equipment you choose for your practice is one of the most crucial decisions you will make. Thanks to our experience and strong partnership with the medical community, our trusted asset finance arrangements allow you to make better use of your cash flow.
- Establishment fee
- Not published
- Monthly fee
- $25
- 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
- $25
How it compares
Against the other secured business loans we compare. Typical means the middle half of them.
Monthly fee
$25
A typical monthly fee is $20.
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
- A $25 monthly fee. That adds $1,500 over 5 years, as well as the interest.
- Secured against an asset. That usually keeps the rate down, but the lender can take the asset if you can't repay.