Chattel Mortgage Simplicity
Chattel Mortgages follow a straightforward and universally accepted format where the assets form the security for the credit. Further collateral is usually not requested of many operators.
Get Lowest, Best Rates on Versatile Chattel Mortgage Finance
As experts in the commercial lending market, we have the expertise, experience and most importantly the lenders to secure the best rates on secured asset acquisition funding.
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Chattel Mortgages for Heavy Vehicles, Machinery, and Equipment
Whether purchasing heavy vehicles, motor vehicles, commercial vessels or any type of plant, machinery and equipment for a commercial enterprise, our better rates can make your investment more cost-effective and affordable.
The most popular of all commercial credit facilities, this secured format funding product is versatile, flexible and attracts the lowest rate across the selection of asset acquisition options. But to achieve the lowest rates currently on the market requires the right lenders. We provide those right lenders to achieve those essential lower rates. Speak with one of our brokers today for a quote on your acquisition funding.
What is Chattel Mortgage?
The name of this credit facility simply refers to credit for goods. It follows a straightforward and universally accepted format where the assets form the security for the credit. Further collateral is usually not requested of many operators.
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Immediate Asset Ownership
From settlement, the enterprise has ownership of the asset and is responsible for all the expenses associated with its maintenance and operation.
Depreciation Tax Deduction
As an asset owned by the entity it is posted to the balance sheet and subject to depreciation as a tax deduction. Repayments are fixed and monthly over a fixed term with a fixed interest rate.
Balloon Payment Option
An option is a balloon. A percentage of the funding amount which is due after the final monthly payment. We negotiate rates, terms and balloons with our lenders to best meet our customer’s requirements.
Cash Accounting Suitability
A key point to note is that this credit facility suits enterprises that use the cash method of accounting.
- Secured credit facility.
- Compatible with cash method of accounting.
- Balloon optional.
- Immediate ownership of the assets.
Types of Assets that We Finance with Chattel Mortgage
The versatility of this secured credit facility makes it suitable to a wide range of commercial asset funding across all industry sectors. Whatever assets require funding, may be suited to this flexible secured credit facility. Both new and used goods may be funded with the asset is accepted by the lender as security.
- All sized trucks and heavy vehicles – heavy, medium, light with all fuel systems.
- Motor vehicles including utes, cab chassis, SUVs, passenger cars.
- Commercial vans.
- All types of plant, machinery, equipment used in a commercial venture.
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Compare the Best Chattel Mortgage Rates
With our extensive lender contacts, we have developed a reputation for the best rates. The rates offered can vary with the particulars of an application and for the assets being funded.
To start your planning and budgeting process use our latest rates and contact us for our low rate quote, sourced to meet your specifications.
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THE INTEREST RATE IS CALCULATED ON A SECURED LOAN PREDOMINATELY FOR BUSINESS USE, EFFECTIVE 21/02/2026 AND SUBJECT TO CHANGE. WARNING: THE INTEREST RATE IS TRUE ONLY FOR THE EXAMPLES GIVEN AND MAY NOT INCLUDE ALL FEES AND CHARGES. DIFFERENT TERMS, FEES OR OTHER LOAN AMOUNTS MAY RESULT IN A DIFFERENT INTEREST RATE.
We work harder to secure the best rates.
Business Chattel Mortgage FAQs
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The mortgage in an asset acquisition funding product refers to credit offered for the goods.
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No. The interest charged on repayments is a tax deduction but the balance is not. A deduction can be claimed on this type of funding via asset depreciation.
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No. Registering an enterprise for GST is not a criteria for eligibility for commercial credit applications.
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No. The treatment of GST with this form of credit facility is that the total GST on the car purchase is claimable immediately after settlement on the appropriate BAS. As all the GST pertaining to the purchase has been claimed, no GST is included in the repayments.
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All vehicle makes and models including vans for use in an enterprise may suit a secured credit product. The suitability of a credit facility depends on accounting aspects of the enterprise, not specifics of the vehicle.
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Interest rates vary with the different types of commercial car credit. Secured format credit and CHP have the lowest rate with Leasing slightly higher.
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Yes. All types of commercial enterprises may apply for commercial credit. A range of financials and documents are required for the application form. Where the operator has not been trading long enough to acquire this information, they may look for low doc and no doc credit which is available from specialised lenders and through brokers.
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Yes. All makes and models of wheeled and yellow goods used in the construction sector may be funded with a secured credit facility.
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A balloon amount is an amount of the total credit, usually represented as a percentage which is due for full payment at the end of the term. The amount approved for a balloon is subject to individual lender guidelines.
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Second hand and new cars may be acquired with a secured commercial credit product. The condition of a second-hand vehicle is assessed by lenders and the interest rates may be different for new and second hand models.
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Leasing and a secured credit option differ in suitability to either the cash or the accruals method of accounting. With a secured option the operator takes ownership and the asset is listed in their balance sheet. With Leasing the goods remain under the ownership of the lending and as such this is considered and off-balance sheet option. The most suitable option is the facility that best meets the objectives of the enterprise.
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Credit calculators are provided to generate estimates only based on values entered by the user. Lender charges and fees are not accounted for. The credit rating of the user is not assessed with a credit calculator. An offer made by a lender can be different from the calculator result.
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Operators may select from a secured credit facility or Leasing, Commercial Hire Purchase or Rent-to-Own to fund asset acquisitions. Features of each product should be considered in regard to the accounting practices and objectives of the operation.
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If a balloon is refinanced when due, at the end of the term, the funding application is assessed and priced based on the assets at that time, the interest rates at that time and the credit position of the enterprise at that time. The rate which applied to the initial credit application would not apply.
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Lenders accept assets as suitable security for secured credit facilities. Some operators may not need further collateral. Whether or not further collateral is requested is dependent on the application and individual lender guidelines.