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BOQ Commercial Hire Purchase

Fixed rate hire purchase from $20,000 over 1 to 5 years for business equipment and cars, with an optional balloon at the end.

Equipment & Asset FinanceVehicle & Fleet Finance
Source dated 25 Sept 2026
Amount
From $20K
Term
1 yr to 5 yrs
Rate
Rate available on application
Security
Asset-backed
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Product details

As published by BOQ. Details not published by the lender are marked.

Loan amount
From $20K
Rate
Rate available on application
Rate type
Fixed
Term
1 yr to 5 yrs
Security
Asset-backed
Structure
Hire purchase
Fees
Establishment fee of $440 (BOQ Equipment Finance)
Restrictions
Provided by BOQ Equipment Finance Limited, a separate company in the Bank of Queensland group. BOQ Equipment Finance owns the asset and hires it to you. Optional balloon payment at the end of the contract.
How to apply
Direct with the lender, or through us
Not published by BOQ
repayment frequency, early repayment, time trading, turnover, documents, guarantees, funding time
Suitable purposes
EquipmentVehicle

About Commercial Hire Purchase

BOQ publishes these details for Commercial Hire Purchase: structure hire purchase; loan amount from $20K; term 1 yr to 5 yrs; security asset-backed; suitable purposes equipment, Vehicle. Not published by BOQ for this product: maximum LVR, time trading, turnover, documentation, funding time, guarantees. Ask the lender or a finance specialist to confirm these before you apply.

How it differs from other BOQ products

  • Business Overdraft: Structure is hire purchase here and overdraft for Business Overdraft; loan amount is from $20K here and from $10K for Business Overdraft; BOQ publishes term (1 yr to 5 yrs) for this product but not for Business Overdraft; security is asset-backed here and property-secured for Business Overdraft.
  • Business Term Loan: Structure is hire purchase here and term loan for Business Term Loan; loan amount is from $20K here and from $10K for Business Term Loan; term is 1 yr to 5 yrs here and 1 yr to 30 yrs for Business Term Loan; security is asset-backed here and secured for Business Term Loan.
  • Commercial Rate Loan: Structure is hire purchase here and term loan for Commercial Rate Loan; loan amount is from $20K here and from $500K for Commercial Rate Loan; security is asset-backed here and secured for Commercial Rate Loan; guarantees is published for Commercial Rate Loan (directors' guarantees are an accepted form of security.) but not for this product.
  • Finance Lease: Structure is hire purchase here and finance lease for Finance Lease.

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Source dated 25 Sept 2026
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Source dated 25 Sept 2026
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