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Financial solutions for RACGP members

Step into your new practice with BOQ Specialist

At BOQ Specialist, we want to make owning your own private practice as easy as possible.

That’s why,  as an exclusive offer for those attending Practice Owners National Conference 2021, we’re waiving establishment fees (saving up to $2,500) when you finance your practice purchases with us.* If you’re looking to purchase your own practice or the practice premises, invest in new equipment, fit-out for your practice, or manage your practice’s cash flow, we will ensure you start off on the right foot.

For over 30 years we’ve been helping general practitioners start and grow their own private practices. Now, let us help you.

 

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Save up to $2,500 in establishment fees with our exclusive offer for RACGP members*

If you're attending the Practice Owners National Conference 2021, you'll pay no establishment fees when you take out any of the following products:

  • Commercial property loan

    Our commercial property loans offer you the ability to:

    • Borrow up to 100% of the purchase price of your own practice premises or up to 80% of the purchase price for a commercial investment, with no Lender’s Mortgage Insurance
    • Choose from a flexible loan structure and repayment terms to suit your cash flow needs
    • Benefit from competitive fixed or variable interest rate options
    • Structure to your advantage through a self-managed super fund, partnership, company or trust entity
       

    Enquire now

  • SMSF loan

    Our SMSF loans offer you the ability to:

    • Borrow up to 90% of the purchase price of your own practice premises through your self-managed super fund (SMSF), with no Lender’s Mortgage Insurance
    • Choose from a flexible loan structure and repayment terms to suit your cash flow needs
    • Benefit from competitive fixed or variable interest rate options
    • Take advantage of potential tax benefits

     

    Enquire now

  • Practice purchase loan

    Our goodwill and practice purchase loans offer you the ability to:

    • Borrow up to 100% of the purchase price of an existing practice, or a share in a partnership
    • Secure against goodwill and equipment, rather than against your home or other property
    • Choose a flexible loan structure and repayment terms to suit your cash flow needs
    • Benefit from competitive fixed or variable interest rate options
    • Access a range of products to help you with other costs related to practice purchases such as legal fees, conveyancing and stamp duty 

     

    Enquire now

  • Asset finance

    Equipment finance

    If you’re considering investing in new equipment for your practice, we offer a range of finance options including lease, hire purchase or chattel mortgage. You can also choose from low-start, upfront or stepped repayments to suit your cash flow needs, as well as flexible terms of up to five years.
     

    Fit-out finance

    When it comes to fitting out your practice, we offer a range of tailored finance solutions including lease, hire purchase, chattel mortgage and escrow facility. With our flexible escrow facility, you’ll have the ability to consolidate all your fit-out purchases under the one finance agreement. We then manage the payments to each of the suppliers under your instruction and you pay the total amount back in one simple repayment structure.
     

    Motor vehicle finance

    We provide a range of flexible loan and lease options to help you maximise the value of new and used car purchases, both dealer and private sale. Not only do we offer competitive interest rates and pre-approval for qualified clients, we will also structure your repayments to best suit you and your practice’s needs. You can also 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).~

     

    Enquire now

  • Overdraft

    Our overdraft facility enables you to manage your practice cash flow by offering:

    • An unsecured line of credit, where you won’t have to use your personal property as security
    • The ability to only pay interest on what you use, not on the entire credit limit
    • A Visa debit card allowing you to access additional funds as and when you need it
    • The ability to make transfers through internet banking and our mobile banking app

     

    Enquire now

 

 

At BOQ Specialist, being an RACGP member has its rewards.

For over 30 years, medical professionals have chosen to trust BOQ Specialist with their finances. During this time, we have developed a deep understanding of the unique financial needs of GPs and have designed a distinctive range of products and services. Whether you require personal banking products or business solutions for your medical practice, we will work closely with you to help you achieve your personal and professional ambitions.

Current benefits for RACGP members^

  • Home loans

    More than just a home loan, our Home Loan Banking Package offers fixed or variable home loan rates together with competitive pricing, plus access an optional offset transactional account, available on variable home loans.

    Exclusive benefit to RACGP members:

    • First year banking package fee waived (saving $495)*

    *Available for loans over $300,000

     

    Enquire now

  • Credit cards

    Our credit cards give you all the benefits of a globally accepted card with a range of excellent rewards. Earn Qantas Frequent Flyer Points on eligible everyday spend.

    Exclusive benefits to RACGP members:

    • Reduced annual fee of $250 on our Signature card (saving $150 p.a.)

    Apply now

     

  • One Account with overdraft

    The One Account is a unqiue transaction account that pays a competitive rate of interest on credit balances as well as giving you access to an optional overdraft facility. 

    Exclusive benefit to RACGP members:

    Apply now

  • Car loans

    We are pleased to be able to offer RACGP members a wide choice of tailored car finance solutions. Not only can we offer competitive car finance interest rates, we can offer flexible repayment structures to suit your needs.

    Exclusive benefit for RACGP members: 

    • A reduced documentation fee of $295 fee (saving $200)

     

    Enquire now

  • Equipment and asset finance

    We are pleased to offer RACGP members tailored lease payments and the option to finance a wide range of asset types. RACGP members can choose from low start, upfront or stepped payment options when considering finance options for practice assets, computers, or vehicles.

    Exclusive benefit to RACGP members:

    • A reduced application fee of $295 (saving of $200)

     

    Enquire now

BOQ Specialist / RACGP Foundation research grant

BOQ Specialist is proud to support the RACGP Foundation and the wider network of medical professionals working in general practice. Together, we have established the BOQ Specialist / RACGP Foundation research grant to encourage innovation in preventative healthcare in general practice. We both recognise the pivotal role that general practitioners play in promoting good health, providing preventative care and facilitating early detection and intervention.

Find out more about the grant

Want to know more?

  1300 160 160
 

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  • Important Information

      The issuer of these products and services is BOQ Specialist. Terms and conditions, fees and charges and lending and eligibility criteria apply. You should obtain and consider the product terms and conditions before making any decision about whether to acquire the products. We reserve the right to cease offering these products at any time without notice.

      The issuer of these products and services is BOQ Specialist - a division of Bank of Queensland Limited ABN 32 009 656 740 AFSL and Australian Credit Licence no. 244616 (“BOQ Specialist”). Terms and conditions, fees and charges and lending and eligibility criteria apply. Any information is of a general nature only. We have not taken into account your objectives, financial situation, or needs when preparing it. Before acting on this information you should consider if it is appropriate for your situation. You should obtain and consider the relevant terms and conditions from boqspecialist.com.au before making any decision about whether to acquire the product. You should obtain independent financial, tax and legal advice as appropriate.

      * Limited time offer only available for RACGP members who are attending Practice Owners Conference 2021 and register their details with BOQ Specialist. Subject to credit approval. Available for new commercial property, goodwill, asset finance or overdraft applications received between 12 May 2021 and 31 July 2021 (inclusive) and that settle by 31 August 2021. Not available for the refinance, restructure or switches of commercial property, goodwill or asset finance loans within BOQ Group, which includes BOQ, Virgin Money (Australia) and BOQ Specialist. Eligible customers will receive a full waiver of the establishment fees on goodwill, asset finance or overdraft applications up to $950 (excludes legal fees). Full waiver of establishment fees for commercial property applications includes a waiver of legal and documentation fees up to $2,500. Minimum total lending amount for commercial property applications is $200,000. Full valuation fee applies. Other fees and charges may apply. This offer expires on 31 July 2021 and is subject to change without notice at the discretion of BOQ Specialist.

      ^ Member benefits are only available for current members of the Royal Australian College of General Practitioners (RACGP). Proof of membership will be requested. Subject to credit approval. Applications must be received before 31 July 2021 and settle by 31 August 2021. Other fees and charges may apply. These benefits expire on 31 July 2021 and are subject to change without notice at the discretion of BOQ Specialist.

      ~ Reward points are earned in accordance with the rewards program terms and conditions. For full credit card terms and conditions, visit boqspecialist.com.au/credit-card-terms