This Commissions Guide article relates to BOQ Specialist loans.
Articles related to other BOQ products can be found here:
Connective will maintain this guide to the best of its ability but cannot guarantee that the information within is complete, and/or in line with the latest guidance and policies of the lender. If you believe anything is missing or inaccurate, please contact us.
Contents:
Commission Rates
Commercial/Business – Amount of Aggregated Customer Facilities
Advance < $5 million
Upfront/Fee | Trail | Notes/Conditions |
0.605% (incl. GST) of the facility limit | 0.275% (incl. GST) | Minimum Loan term: 12 months |
Advance > $5 million
Upfront/Fee | Trail | Notes/Conditions |
0.66% (incl. GST) of the facility limit | 0.275% | Minimum Loan term: 12 months |
Motor Vehicle Finance
Upfront/Fee | Trail | Notes/Conditions |
Up to 4% | N/A | 100% of the draw down amount |
The Referral fee will be calculated on the basis of the maximum of: (a) 4% of the invoice price of the car (excluding GST) where the Facility is a finance lease; and (b) 4.00% of the amount financed in the case of the facility that is a hire purchase agreement or chattel mortgage
Equipment Leases
Upfront/Fee | Trail | Notes/Conditions |
Up to 4% | N/A | 100% of the draw down amount |
The Referral Fee will be up to 4% of the invoice price of the Equipment (excluding GST) where the facility is a finance lease.
Equipment Chattel Mortgages
Upfront/Fee | Trail | Notes/Conditions |
Up to 4% | N/A | 100% of the draw down amount |
Escrow/Fixtures and Fittings
Upfront/Fee | Trail | Notes/Conditions |
Up to 4% | N/A | 100% of the conversion amount of the converted facility |
The Referral Fee will be up to 4% on the amount converted to either a lease, hire purchase agreement, or chattel mortgage
Retail Loans
Upfront/Fee | Trail | Notes/Conditions |
0.715% (inc GST) | Year 1-3: 0.165% (inc GST) Year 4: 0.22% (inc GST) Year 5+: 0.242% (Inc GST) | 100% of the draw down amount |
Referral Fee is based on funds drawn down under the facility net of balances held in any applicable offset account on the 5th day after draw down of the facility
Trail is calculated on outstanding balance net of offset.
Non-lending Products
Product | Upfront/Fee | Notes/Conditions |
Merchant Facilities | $250 per facility | - |
Business Deposit Account | $75 per account opened | Minimum Deposit/balance of $500 |
BOQS Credit Cards | $75 per account opened | - |
Spot Trade | 0.22% (Inc GST) of amount traded up to a maximum of $8,250 (inc GST) | Minimum amount per trade of $100,000 |