The Finance Algorithm
BOQ Specialist

Car Loan

Buying a car is all about a multitude of choices - colours, makes, models and optional extras. If a car gives you freedom of choice, why be limited to a car loan that doesn't offer the same? We offer a wide choice of tailored car loan solutions and go to great lengths to give the financing that's right for you.

Personal loansBank updated 16 Mar 2026
At a glance
Pricing
Rates on application
Upfront fee
$395
Monthly fee
$25
§ 02 — Fees · 17
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
Break CostsExitVariesPayable if an agreement is terminated before expiration of the term of that agreement
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
Establishment FeeUpfront$395
Application Reassessment FeeVariation$250Charged when an application is reassessed
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
  • · Can be structured for an individual, company or trust.
  • · Available for new and used vehicles, dealer and private sale
  • · Use your BOQ Specialist credit card to purchase your car or make loan repayments and earn reward points at the same time. A 1.5% processing fee applies.
  • · Option to finance for business or private use
  • · Flexible terms of up to five years
  • · Competitive car loan interest rates.
  • · Tailored loan repayments to suit your cash-flow needs, including fixed and variable options
§ 04 — Eligibility & limits
  • · Minimum age 18
  • · Residency: Resident or Citizen
  • · Product is offered to medical, dental ,veterinary & accounting professionals only

Published by BOQ Specialist under the Consumer Data Right, last changed by them on 16 Mar 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.