The BOS provider can provide the necessary application forms, along with a checklist of supporting documents which will be required to be submitted with your application.

No. You can source your own funds elsewhere to purchase your BOS Note.

You will need to submit your fully completed Application Forms accompanied by all required supporting documentation by the within the forst 2 weeks of the reporting stage/month if you want your loan funded within the same reporting stage/month.

Yes. Part of our credit assessment process is completing a credit check on all applicants, trustees and directors. This also means that other companies you apply for finance with will be able to see your application to P4 Finance.

P4 Finance will prepare a Finance Offer which will be emailed to you which you will need to sign, have witnessed and dated and return by email to p4finance@flightcentre.com. You will also need to check if there are any Special Conditions you need to comply with.

Interest Repayments are rewquired to be paid via Direct Debit from a nominated account.You will be sent a Direct Debit Form with your Finance Offer to complete and return.

Your completed Finance Offer needs to be returned along with your Direct Debit form at least 4 working days before the final working day of the month (or reporting stage) if you want your loan funded within the same month/reporting stage.

The Interest rate will be the Reserve Bank Cash Rate, plus a margin of 5.25%.

Yes. The Interest rate is linked to the Reserve Bank Cash Rate, and will increase or decrease in line with the Reserve Bank’s rate movements.

The application fee is $100. We will increase your first repayment to cover this fee. If you already have a loan with P4 Finance, the application fee will be reduced to $25.

Interest will be charged to your loan on the 22nd of each month. This will also be the day we Direct Debit the payment from your nominated account (or next business day). 

Currently there is no early pay out fee with this loan, however P4 Finance does have the option of charging a fee in certain circumstances.

No. P4 Finance is only able to provide funding to purchase a BOS Note. The loan amount can not exceed the BOS Note face value.

If you are not making your loan repayments and a repayment arrangement has not been made with P4 Finance, your BOS Note will be redeemed, and the proceeds will be used towards paying off your loan. Any amount not covered by the redemption proceeds is still your responsibility to pay. For the time that you are in arrears, you will also be charged an extra margin of 0.3% on your interest rate. Default Fees will also be chaged for each payment defaulted. If your repayment is overdue for more than 90 days, a default will be listed with Veda and noted on your credit report.

The initial term of the loan is 12 months from the date of funding your loan. Subject to a review by P4 Finance, your loan term will rollover for subsequent 12 month periods.

Yes. As long as the BOS Note will be purchased in the name of the Trust, and the BOS Manager is the sole Trustee for that Trust. You will be required to provide a Certified copy of your Trust Deed for our approval.

Yes. As long as the BOS Note will be purchased in the name of the company, and the BOS Manager is the sole director of the company. A company search will be completed. If there are any ‘Charges’ registered over the company, we will require the Charge Holder to provide confirmation that the Charge will not have any holding over the BOS Note.

No. The loan is only offered as a variable rate loan.

No. The loan is a completely separate contract to the BOS Note contract.

Statements will be sent out via email once annually after the end of the financial year. Additional statements can be requested on payment of a statement fee.

Yes. The new loan will be registered with the national credit reporting agency. Other Lenders will therefore be aware of the existence of this loan, and you are required to disclose the debt. This will affect your applications for finance with any other lender.

Please contact Moneywise or the BOS team to discuss your specific circumstances. You are able to redeem your BOS at any time, and use the proceeds to pay to your P4 Finance loan (you are still liable for any outstanding interest)

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