Bank of Queensland (BOQ) business loans: term loans, overdrafts and how much property gets you

The quickest way to understand Bank of Queensland as a business lender is to look at its loan-to-value table. BOQ publishes, in black and white, how much it will lend against a house, an office or a factory. For an owner with property behind them, that transparency turns a vague “how much can I get?” into a sum you can do on the back of an envelope. Add long terms and interest-only options, and BOQ can be very good value for the right borrower.

The details below are taken from BOQ’s own website as at October 2026. We’ll walk through its business lending products, those LVR limits, a current fee offer, who BOQ tends to suit and what to do if it can’t help. Banks revise products regularly, so check the specifics with BOQ before relying on them.

What business loans does BOQ offer?

BOQ’s business lending range is compact. As at October 2026, its comparison table sets out three core facilities:

Feature	Business Overdraft	Business Term Loan	Commercial Rate Loan
Minimum amount	$10k	$10k	$500k
Term	No minimum, ongoing	1 to 30 years	1 to 5 years
Rate type	Variable only	Fixed or variable	Fixed only
Interest-only	Interest paid monthly in arrears	Up to 10 years	Up to 5 years, in arrears or in advance
Repayment frequency	Not applicable	Weekly, fortnightly or monthly	Variable repayment terms
Extra repayments	Not applicable	Yes on variable; up to $10k a year while fixed	Yes, subject to conditions
Redraw	Not applicable	Variable loans only (not SMSF loans)	Variable loans only, subject to approval

BOQ describes the Commercial Rate Loan as built for property development, property investment and business acquisitions. Alongside these, its small business pages list equipment and vehicle finance, and it offers self-managed super fund loans for business property. You can enquire online, by phone or at a branch.

How much can you borrow against property with BOQ?

This is where BOQ is unusually open. Its published loan-to-value ratios, which apply across the overdraft, term loan and commercial rate loan, are:

Security	Maximum LVR (less existing debt)
Residential property	Up to 80%, or up to 90% in some circumstances
Commercial property	Up to 70%, or up to 90% in some circumstances
Industrial property	Up to 60%

The higher figures carry an asterisk pointing to BOQ’s conditions, so treat 80%, 70% and 60% as the standard starting points.

Here’s how that works in practice. Suppose a Townsville electrical contractor owns a home valued at $900k with $450k left on the mortgage. At 80% LVR, the most BOQ would lend across both loans is $720k, which leaves up to $270k of usable equity for the business, before BOQ checks whether the business can comfortably service the repayments. If the security were a $900k industrial unit instead, 60% would cap total lending at $540k. Same value, very different result. This scenario is illustrative only.

Our LVR calculator and property equity calculator let you run your own figures in a minute.

Is there a current BOQ business loan offer?

As at October 2026, BOQ is advertising up to $5k in valuation fees waived plus a $500 gift card for eligible new business loan applications lodged between 1 September and 31 December 2026 and funded by 28 February 2027. Terms and eligibility criteria apply.

Valuation fees on commercial property can add up, so this is a genuine saving if you were already planning to borrow. Just don’t let a promotion drive the decision: compare the total cost of the loan over its life, not the upfront incentive. If you’re unsure how two offers really compare, ask us for a sense-check before you sign.

Who is BOQ a good fit for?

• Owners with residential or commercial property who want a long-term, low-cost facility secured against it.
• Queensland businesses that like dealing with a lender headquartered in Brisbane.
• Borrowers wanting long interest-only periods, such as property investors or businesses in a growth phase.
• Larger borrowers buying a business, investing in commercial property or developing, via the Commercial Rate Loan.
• SMSF trustees buying business premises through their fund.

BOQ is a harder fit for businesses without property security, owners who need a small unsecured loan quickly, and anyone with recent credit defaults or tax arrears that a bank’s standard criteria won’t accept.

Questions to ask BOQ

1. Which LVR applies to my property, the standard figure or the higher one, and why?
2. Does the valuation fee waiver apply to my application, and what other fees remain?
3. If I take interest-only, what will repayments rise to when that period ends?
4. On a fixed rate, what break costs could apply if I sell or refinance early?
5. What will the loan cost in total over the full term, in dollars?

If BOQ said no, you’re in the right place

BOQ is a great bank for property-backed business lending, and a yes from BOQ deserves serious consideration. If the answer was no, the reason usually points to the next step:

• Not enough equity, or no property at all? See business loans without property and bank wants more security than you have.
• Industrial property capped at 60%? Some non-bank and private lenders lend more against commercial and industrial security. Read business loans against commercial property.
• Needed it faster than a bank valuation allows? A caveat loan or bridging finance can move in days.
• Credit issues? Look at business loans with defaults.

Comparable banks with pages here include Bendigo Bank and ANZ. For the Queensland context, see business loans in Queensland.

You know your equity. Let’s find the lender that values it

An LVR table tells you what one bank will do with your property. Another lender may look at the same asset, or at your cash flow, and see a different answer.

Our form takes around 60 seconds. You can ask without any impact on your credit score, and we don’t hand your details to a stack of lenders. A specialist reads your situation and calls you to work through it. Include accurate property values and balances owing, so the first option we put forward lines up with what you actually have.

Get a real person’s view on your options →