Finance Equipment Interest Rates - Compare Rates
To assist our customers plan their equipment finance, we’ve provided this handy resource which shows our current achievable interest rates for our portfolio of finance products. These loan types are available for a range of equipment acquisition and by entering your loan amount and preferred term, you can see an estimated repayment for each finance facility. You’ll see how cheap our interest rates can be on different loans. For a specific quote on your requirements, please contact us directly on 1300 000 008.
Why Jade Finance?
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Equipment Loan Specialist
Streamlined Service To Get The Best Equipment Finance Rate
Taking the DIY approach to securing a cheap interest rate is time-consuming, can be extremely confusing and without the right contacts, not deliver the result you expect. Our service is streamlined, straight forward and saves you time, hassle and money.
Whether you’re a small owner-operator business, a medium concern or a large corporation, contacting Jade Finance to source you the best equipment interest rate is an astute business decision.
Speak with a Consultant in regard to sourcing you the best loan interest rate.
Securing the Best Interest Rates
You don’t know if you have the best interest rate unless you have something to compare it against. Jade Finance has accreditation with a large number of banks and lenders so we have many choices to ensure we are securing you the best rate for your specific loan
The interest rate offered is determined by a combination of both external factors and the specifics of your loan:
- Whether or not a lender extends finance to your industry sector.
- A lender’s access to their own funds, their guidelines and their specific method of pricing equipment loans as well as global impacts.
- The amount of your equipment loan and the term.
- Condition and type of equipment being financed.
- Your credit profile and credit risk assessment.
Equipment finance guides and resources
Our guides offer quick comparisons and simple explainers to help you power through the financing process with confidence.
Equipment Finance
Heavy Equipment Finance
Specialised Equipment Finance
Your Jade consultant considers that offer and with the backing of our bargaining power and expert skills, negotiates the interest rate offered down to – the best interest rate.
Jade Finance is accredited with all major Australian banks including the big four: Westpac, ANZ, CBA, NAB. If you have strategic reasons for wanting your bank to finance your equipment loan, your Jade Finance consultant is quite prepared to handle the negotiations on your behalf to secure the best equipment interest rate for you.
Jade Finance provides the cheapest interest rates on equipment finance to support businesses achieve their productivity and profitability targets.
The acquisition of equipment is a major investment with the cost/benefit analysis based on projected output. But your ROI expectations may not be achieved if you settle for high interest rates on your finance deals.
A small percentage difference in the interest rate can become a sizeable outlay over the term of a loan. An outlay which can seriously impact your expected performance for that equipment.
To secure the best interest rate on your business loan you need to work with a specialist in equipment finance. Jade Finance is a specialist in all aspects of commercial finance with particular expertise in loans for equipment across all industry sectors.
We completely understand and respect that your equipment purchase is a major business investment and we focus on achieving you the cheapest interest rate a critical component of the overall loan.
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THE INTEREST RATE IS CALCULATED ON A SECURED LOAN PREDOMINATELY FOR BUSINESS USE, EFFECTIVE 19/09/2024 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.
Equipment Loan Interest Rates FAQs
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Lenders assess finance applications individually for creditworthiness. The interest rate offered to businesses can differ based on credit profile and financials rather than the type of operation or set-up.
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Chattel Mortgage and Commercial Hire Purchase offer the lowest rates. Leasing rates are slightly higher. Rent-to-Own has the highest rate of commercial funding facilities.
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Lenders set their own rates based on their costs for funding, confidence in the sector, the RBA cash rate and economic trends and forecasts. Lenders have their own guidelines for setting rates and this results in variations across the market.
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Yes. Credit checks are an integral part of the finance application process and can affect the interest rate offered.
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Using a loan calculator allows operators to convert interest rates into repayment estimates. The results obtained with these online devices are estimates only.
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There can be variations in the interest rates on finance offered for operators in different industry sectors. This reflects lender willingness to lend to that sector and may reflect their confidence in the sector based on economic forecasts.
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Lenders typically advertise their best rates. These best rates will be for new equipment assets and for operators with good credit ratings. Where an applicant has a less than good rating, a higher rate may be offered. Higher rates may apply to used compared with new equipment.
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Equipment finance facilities are typically arranged with a fixed interest rate. The rate does not change over the loan term.
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Yes. Interest on asset acquisition finance is a tax deductible business expense on all funding facilities.
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The interest rate along with the loan amount and term are used to determine the monthly repayment, as well as lender fees and charges. Higher rates lead to higher repayments, lower rates deliver lower monthly repayments.