Bank of Queensland is not small business friendly.
We have been customers with Bank of Queensland for over 10 years. We are small business owners and have used Bank of Queensland for leasing purposes in the past and found the process simple. But when it came to a Car Loan, the process was very limiting for a business owner. The policies put in place by BOQ do not allow for countbacks on the balance sheet. I was disappointed.
Every time we have dealt with Bank of Queensland, not only the manager but staff know us by name, we can call and speak to them anytime, no 13 numbers and waiting in auto queues, direct numbers are given to us. Rates competitive and branch has flexibility to approve certain loans. Very happy with the overall experience with BOQ, out of all the banks I have ever dealt with, this bank is undoubtedly the best overall. Would recommend to anyone.
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Car loan comparisons on Mozo - rates updated daily
New Car Loan
Including Demo, Fixed, Secured
5.22% p.a.based on $30,000 over 5 years
Terms from 3 to 5 years. Representative example: a 5 year $30,000 loan at 4.67% would cost $34,096.76 including fees.
*The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may inﬂuence the cost of the loan.
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