ISCOVER
The business bank and specialist arm of BOQ are waiving valuation fees for new business loans and donating to charity for every qualifying loan.
Bank of Queensland (BOQ) has announced it will waive valuation fees of up to $5,000 for business loans and provide charity donations of $500 for each loan application for the rest of the year.
The fee waiver applies to new business lending applications between $750,000 and $10 million, including business term loans (commercial property and goodwill), commercial rate loans, business overdrafts, and business one accounts (with overdraft).
Loans must be submitted by 31 December 2025 and funded by 28 February 2026 to be eligible.
As part of the initiative, BOQ will donate $500 to one of four charity partners, chosen by the customer, for every qualifying loan application.
Partner charities include:
- Mental health organisation Beyond Blue.
- Aeromedical services charity LifeFlight.
- Farmers and rural communities organisation Rural Aid.
- Homelessness charity Orange Sky.
Clients can choose to support one of the four charities during the loan application process, with donations made at the campaign’s conclusion.
BOQ’s said the new initiative aims to provide upfront cost relief for brokers’ business clients.
Karen Carter, BOQ’s general manager, commercial third party, said: “This is a great way for brokers to support their clients – saving money, along with loan terms up to 30 years principal and interest, and/or 10-year interest only, assists SME clients with their cash flow.
“For brokers, this is an opportunity to help clients access upfront cost savings while facilitating meaningful community support.”
Touching on the charity donations, BOQ Specialist’s general manager, Keith Strachan, added: “Building on BOQ’s existing partnerships with Beyond Blue and Orange Sky, we’ve carefully selected an additional two well-known and trusted charities, namely LifeFlight and Rural Aid, that are important to our customers and align [with] our values as an organisation.
“By extending our charity line-up, we also hope to magnify the social impact we can create alongside our customer care and community support programs.”
Brokers can find out more about BOQ’s fee valuation and charity donation work at The Adviser’s upcoming SME Bootcamp, which will be held in the Gold Coast, Sydney, and Melbourne during September.
The free-to-attend summit aims to equip accountants and brokers with the knowledge and technical skills to help support their small and medium-sized enterprise (SME) clients in a changing market.
Find out more about the SME Bootcamp here.
[Related: BOQ to roll out digital mortgage to brokers]
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