The Finance Algorithm
BOQ Specialist

Equipment Finance

We offer a range of lending options for investing in new equipment for your medical, dental or veterinary practice. We have helped thousands of practice owners find the best finance solution for their individual situation, and because we only deal with doctors, dentists and vets we truly understand the equipment finance needs of these industries. The equipment you choose for your practice is one of the most crucial decisions you will make. Thanks to our experience and strong partnership with the medical community, our trusted asset finance arrangements allow you to make better use of your cash flow.

Business loansRates on applicationBank updated 3 June 2026
At a glance
Pricing
Rates on application
Monthly fee
$25
§ 02 — Fees · 16
FeeTypeAmountWhenNotes
Payment Dishonour FeeDishonour$15Charged each time a cheque or payment made by you is dishonoured
Bank Cheque FeeEvent$10Charged if sending payment via Bank Cheque (per bank cheque)
Escrow Services FeeEventVariesAn escrow services fee is payable at the end of each escrow agreement you make with us.
Settlement Cancellation FeeEvent$150Charged if a booked settlement does not proceed
Discharge FeeExitVaries$150 (PPSR security) $250 (property) Charged each time a security is discharged (per security)
Termination FeeExitVariesPayable if an agreement is terminated before expiration of the term of that agreement
Direct Debit Processing FeePaymentVariesCharged for each time a direct debit is received from you
SWIFT FeePayment$30Charged if sending payment via SWIFT
Monthly Account Keeping FeePeriodic$25Every 1 mo
Documentation or Establishment FeeUpfrontVariesCharged for set up of the Facility
Application Reassessment FeeVariation$250Charged when an application is reassessed
Break CostsVariationVariesPayable if an agreement is terminated before expiration of the term of that agreement
Consent to lease FeeVariation$395Charged when a consent to registration of lease and production of Certificate of Title is required
Substitution/Assignment/Novation FeeVariationVaries$450 plus any applicable External Costs
Trust Deed ReviewVariation$220Charged when a trust deed requires review
Variation FeeVariationVaries$395 - $950. Charged for any variations made to the loan that need documentation
§ 03 — Features
  • · Flexible terms and repayment options
  • · Earn reward points on your equipment purchases with a BOQ Specialist credit card. Clients can opt to purchase equipment via their BOQ Specialist credit card to earn reward points on the cost of the e…
  • · Like all major commercial lenders, BOQ Specialist offers four product options when it comes to financing medical equipment: lease, chattel mortgage, hire purchase or rental. Each has different tax be…
  • · Borrow from as little as $2 000
§ 04 — Eligibility & limits
  • · Exclusively available to medical, dental, veterinary and accounting professionals

Published by BOQ Specialist under the Consumer Data Right, last changed by them on 3 June 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.