The Finance Algorithm
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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
Apply at BOQ Specialist ↗Product page ↗Fees and pricing ↗Terms ↗

At a glance

Pricing
Rates on application
Upfront fee
$395
Monthly fee
$25

Fees

17 fees published, grouped by when they're charged.

  1. When you take it outUp to $3952 fees, each listed below
  2. While you hold it$25 a monthMonthly Account Keeping Fee
  3. When you close it or pay it offVaries3 fees, each listed below

When you take it out2

  • Documentation or Establishment Fee

    Charged for set up of the Facility

    Varies
  • Establishment Fee
    $395

While you hold it1

  • Monthly Account Keeping Fee
    $25 a month

When you make a transaction2

  • Direct Debit Processing Fee

    Charged for each time a direct debit is received from you

    Varies
  • SWIFT Fee

    Charged if sending payment via SWIFT

    $30

If a payment is late or fails1

  • Payment Dishonour Fee

    Charged each time a cheque or payment made by you is dishonoured

    $15

When particular things happen8

  • Bank Cheque Fee

    Charged if sending payment via Bank Cheque (per bank cheque)

    $10
  • Escrow Services Fee

    An escrow services fee is payable at the end of each escrow agreement you make with us.

    Varies
  • Settlement Cancellation Fee

    Charged if a booked settlement does not proceed

    $150
  • Application Reassessment Fee

    Charged when an application is reassessed

    $250
  • Consent to lease Fee

    Charged when a consent to registration of lease and production of Certificate of Title is required

    $395
  • Substitution/Assignment/Novation Fee

    $450 plus any applicable External Costs

    Varies
  • Trust Deed Review

    Charged when a trust deed requires review

    $220
  • Variation Fee

    $395 - $950. Charged for any variations made to the loan that need documentation

    Varies

When you close it or pay it off3

  • Break Costs

    Payable if an agreement is terminated before expiration of the term of that agreement

    Varies
  • Discharge Fee

    $150 (PPSR security) $250 (property) Charged each time a security is discharged (per security)

    Varies
  • Termination Fee

    Payable if an agreement is terminated before expiration of the term of that agreement

    Varies

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

Eligibility and 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.