Your customers rely on you to help them find the right financing solutions for their circumstances and growth plans.
BOQ Finance’s Principal and Agency financing allows you to lease an asset to a customer without owning the underlying asset, while still retaining the personal customer relationship. The agreement creates a legal relationship between the customer as lessee and BOQ Finance as lessor, but you remain their primary contact.
Benefits at a glance:
Freedom to focus on customers
We take care of the financing so you can focus on servicing your customers.
Flexible solutions
Connect your customers to flexible financing tailored to their business needs. Our solutions consider their financial needs as well as your IT system requirements to give them the right information at the right time.
Receive dedicated support
Our team is committed to supporting you. We work closely with you to achieve the right outcome for your customer and their business. Whether you need questions answered, or insight, we’re here to help.
What's on offer:
- A principal and agency agreement tailored for you and your customer’s business needs
- Outsource origination, operations, compliance and credit so you can confidently achieve your business goals
- Undisclosed or disclosed principal and agency agreements available
How it works:
BOQ Finance’s principal and agency financing allows you to outsource the lending operations to us. Once you know your customer's financing needs, we assess their financials, provide a credit outcome and if approved enter a legal agreement with your customer. You manage the customer relationship while we work behind the scenes.
Step 1:
Your customer approaches you to lease an asset. Once financing options have been discussed with your customer, you pass on their application to us.
Step 2:
We review the application and if approved, settle the loan contract.
Step 3:
We purchase the asset for your customer to use, so you keep the asset off your balance sheet. Your customer makes the agreed lease payments to us over the agreed term.
