BOQ Finance

What BOQ Finance does

BOQ Finance is a specialist asset finance provider operating as a brand of Bank of Queensland Limited (ASX: BOQ), headquartered in Newstead, Queensland, Australia. Founded in 1979 and operated through wholly-owned subsidiaries BOQ Credit Pty Ltd and BOQ Equipment Finance Limited, the company delivers financing solutions to Australian small and mid-market businesses operating in asset-intensive sectors including motorbikes, trucks, caravans, RVs, boats, earthmoving, construction, mining, and farm equipment.

The product suite spans dealer finance (floorplan finance, retail consumer finance, commercial asset finance), equipment finance (specific security agreement/chattel mortgage, finance lease, equipment finance limit, installation/import/construction finance, commercial hire purchase, rental agreement), structured finance (sale of receivables, principal and agency agreement), and novated leasing. The technology stack centres on the BOQF iQ partner platform and Brokerpoint broker portal, a digital novated leasing integration, and an online retail consumer finance application system where roughly half of decisions are rendered instantly, indicating automated credit decisioning.

BOQ Finance generates revenue primarily through interest income and transaction fees on originated and assigned asset finance exposures, with a secondary subscription/recurring element in floorplan revolving facilities. The firm is an indirect distributor: 100% of customer acquisition is routed through 1,500+ brokers and dealers, plus manufacturer, distributor, fleet management, and reseller partnerships, with white-label and OEM-branded finance solutions that let partners retain the end-customer relationship while BOQ Finance handles origination, credit, compliance, and servicing. Pricing is quote-based and tailored, with terms up to 84 months on retail consumer finance, and the business does not publicly disclose standalone revenue, with figures reported only at the Bank of Queensland Group level.

Name

BOQ Finance

Legal name

BOQ Credit Pty Ltd

Website

https://boqfinance.com.au

Company type

Public

Founded year

1979

Operating status

Operating

Headcount range

51–100 employees

Short description

BOQ Finance is an Australian specialist asset finance provider and brand of Bank of Queensland (ASX: BOQ), founded 1979, serving small and mid-market businesses across asset-intensive sectors through a 1,500+ broker and dealer partner network.

Ownership category

akta.pro rank

Product category

Asset Finance

NAICS

Sales Financing (522220), Commercial Banking (522110)

SIC

Short-Term Business Credit Institutions (6153)

akta.pro primary industry

Working Capital Solutions (dynamic discounting, supply-chain payables/receivables) (FSABAIAJ)

Keywords

• Asset finance solutions
• Dealer floorplan finance
• Equipment finance leasing
• Novated leasing services
• Commercial asset lending

Headquarters

HQ city

Brisbane

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Floorplan Finance: Inventory finance solutions that allow dealerships to finance large inventory purchases, keeping stock flowing without tying up working capital. Provides revolving credit facilities.
2. Retail Consumer Finance: Consumer finance for new and used equipment and vehicles, with competitive fixed interest rates, terms up to 84 months, and flexible repayment options including BPAY.
3. Commercial Asset Finance: Tailored funding for commercial assets including trucks, agricultural machinery, construction equipment, and commercial marine vessels. Includes OEM-branded solutions.
4. Sale of Receivables: Program allowing partners to originate asset leasing transactions and assign the associated rental stream to BOQ Finance in exchange for the purchase price of the asset.
5. Principal and Agency Agreement: Financing structure allowing partners to lease assets to customers without owning the underlying asset, outsourcing origination, operations, compliance and credit to BOQ Finance.
6. Equipment Finance: Business equipment financing including Specific Security Agreement (Chattel Mortgage), Finance Lease, Equipment Finance Limit, Installation/Import/Construction Finance, Commercial Hire Purchase, and Rental Agreement.
7. Novated Leasing: Tax-effective salary sacrificing solution for employees to lease vehicles, facilitated through approved novated leasing provider partners.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels3 records

Core offering

BOQ Finance is a specialist asset finance provider operating as a brand of Bank of Queensland Limited. It delivers dealer finance (floorplan, retail consumer, commercial asset), equipment finance (chattel mortgage, finance lease, hire purchase, rental agreements), structured finance (sale of receivables, principal and agency agreements), and novated leasing solutions to manufacturers, dealers, brokers, distributors, and small and mid-market businesses across Australia.

Product overview

BOQ Finance operates as a specialized asset finance provider offering a comprehensive suite of financing solutions across three main divisions: Dealer Finance (Floorplan Finance, Retail Consumer Finance, and Commercial Asset Finance), Equipment Finance (including Chattel Mortgage, Finance Lease, Equipment Finance Limit, Installation/Import/Construction Finance, Commercial Hire Purchase, and Rental Agreement), and Structured Finance (Principal and Agency Agreement and Sale of Receivables). The company also provides Novated Leasing as a salary packaging solution. These products serve manufacturers, dealers, brokers, distributors, fleet management organizations, and resellers across asset-intensive sectors including motorbikes, trucks, caravans, RVs, boats, earthmoving equipment, and commercial vehicles. The offerings range from wholesale inventory financing to end-customer retail finance, enabling business growth while managing cash flow.

Differentiator

Problem solved

Functional benefit

Products and services

• Floorplan Finance Inventory finance solution that enables dealerships to finance large inventory purchases, maintain stock levels, and free up working capital through a revolving credit facility. Targets dealers across recreation, leisure, and asset-intensive sectors.
• Retail Consumer Finance Retail financing for new and used equipment or vehicles with fast application processing, competitive fixed interest rates, and flexible repayment options up to 84 months. Around half of decisions are made instantly. Targets individual consumers purchasing through dealer networks.
• Commercial Asset Finance Tailored funding solutions for commercial assets including trucks, agricultural machinery, construction equipment, and commercial marine vessels. Enables businesses to purchase assets for growth while streamlining cash flow, with OEM-branded options available. Targets commercial businesses.
• Specific Security Agreement (Chattel Mortgage) Asset financing arrangement where businesses purchase equipment over a fixed term with regular repayments; the asset is owned by the business from day one and appears on its balance sheet. Targets businesses acquiring equipment.
• Finance Lease Lease arrangement allowing businesses to use equipment without upfront purchase cost; the asset is leased over a fixed term with the lessee making regular payments. Targets businesses needing equipment access without large capital outlay.
• Equipment Finance Limit Revolving or bulk purchase limit facility for businesses that regularly purchase equipment, providing certainty for future purchases and enabling quick payment to suppliers. Targets businesses with ongoing equipment procurement needs.
• Installation, Import and Construction Finance Financing solution for complex equipment needs including imported or constructed assets over time, utilizing escrow and letter of credit facilities with fixed exchange rate options. Targets businesses acquiring imported or constructed equipment.
• Commercial Hire Purchase Loan arrangement enabling businesses to acquire equipment over time with eventual ownership at the end of the term. Targets businesses seeking eventual equipment ownership through hire purchase.
• Rental Agreement Flexible rental solution allowing businesses to rent equipment over time with options to return, upgrade, or continue renting at the end of the term without significant upfront capital outlay. Targets businesses needing flexible equipment access.
• Principal and Agency Agreement Financing arrangement allowing businesses to lease assets to customers without owning the underlying asset while retaining the customer relationship; BOQ Finance acts as the lessor. Targets partners seeking outsourced origination, operations, compliance, and credit.
• Sale of Receivables Program allowing businesses to originate asset leasing transactions and assign the rental stream to BOQ Finance in exchange for the purchase price, enabling diversification of funding without impacting cash flow. Targets partners seeking wholesale funding for originated leases.
• Novated Leasing Tax-effective salary packaging solution enabling employees to lease vehicles through employer arrangements with flexible lease terms of 1 to 5 years for new and used vehicles. Targets employees via employer salary sacrifice programs.

Quantifiable outcome

• Around half of retail consumer finance decisions made instantly
• +1 more outcomes

Named customers1 record

Segments8 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Approved Novated Leasing ProviderscoreChannel Partner/ Reseller/ DistributorBOQ Finance partners with novated leasing providers to deliver novated lease finance as part of salary package solutions. Providers submit digital applications through BOQ Finance's online platform, which reduces processing times and prevents duplicate data entry.
• Way ForwardminorStrategic or Co-development PartnerWay Forward is a non-profit service that BOQ Finance partners with to support customers experiencing financial difficulty who can make some payments towards their debt. Way Forward staff help customers come up with a realistic repayment plan and organize single repayments to cover multiple debts.
• BOQF iQ Platform PartnerscoreTechnology or IntegrationPartners access the BOQF iQ platform for managing asset finance applications and relationships digitally.
• Brokerpoint PartnerscoreTechnology or IntegrationBrokers access Brokerpoint portal for managing finance applications and customer relationships.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Latitude Financial Services: Major Australia/NZ non-bank consumer and asset finance provider offering personal loans, vehicle finance, and asset leasing — directly competitive with BOQ Finance's retail consumer and novated leasing products.
• Pepper Money: Australian specialist non-bank lender active across asset finance, equipment finance, and consumer credit, with overlapping product set and similar broker-led distribution model.
• Liberty Financial: Australian specialty finance group providing equipment finance, motor vehicle finance, and commercial lending through broker networks — directly comparable target market and product mix.
• MA Financial Group (Macquarie Leasing): Australian alternative asset manager with a sizable equipment finance and corporate lending franchise, competing head-to-head in dealer/equipment finance to mid-market borrowers.
• Plenti Group: Australian fintech lender specializing in asset-backed lending (auto, renewable energy, recreational) — overlapping direct-to-consumer and dealer-channel asset finance offerings.
• Now Finance: Australian online lender offering consumer personal loans and asset-backed vehicle finance, competing for the same retail consumer and dealer-introduced volume.

Broad incumbents

• National Australia Bank (NAB): Major Australian incumbent bank offering commercial asset finance, equipment finance, and vehicle loans as part of a full banking suite — competes with BOQ Finance across multiple products but as part of a much broader portfolio.
• Westpac: Large Australian universal bank with significant equipment, vehicle, and commercial asset finance operations, providing direct and broker-sourced competition across mid-market asset finance.
• ANZ: Australian universal bank with an institutional asset finance and vehicle finance business, competing for mid-market dealer and equipment finance deals alongside broader banking services.
• Commonwealth Bank of Australia: Australia's largest bank, offering personal, vehicle, equipment, and commercial asset finance products that overlap with BOQ Finance's mid-market and consumer offerings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/boq-finance

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BOQ Finance