Operators in the mining sector Australia-wide, can directly access our specialist lending services for the best rates on mining equipment finance. As heavy machinery lending experts, we provide a comprehensive service to individually source and structure loans that target key objectives. Target achieving ROI goals, improving efficiency and productivity, working with cash flow and delivering a better bottom line.
Both large resource companies and smaller contractors have access to the best mining equipment loan interest rates using our expertise and our connections with lenders that specialise in financing for the mining sector. We know that when funding is required to get new machinery on site and operating quickly, time can be an issue. We overcome that issue by handling the complete funding process from the initial enquiry through to settlement, with streamlined efficiency and professionalism.
Operators are fully supported by our brokers to minimise any delays to machinery delivery with fast mining equipment loan approvals. Fast approvals, personal service and tailored outcomes, without making compromises on competitive rates and flexible terms.
We provide mining operators with all commercial credit facilities to ensure they can select the finance product that suits their business set-up and will work to achieve their objectives.
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Mining machine finance is available with Chattel Mortgage, Hire Purchase, Leasing and Rent-to-Own products. Each can be suited to fund new and used machines. Subject to individual lender approvals, no additional collateral is required for many businesses.
Finance for mining equipment through Jade Finance can be arranged on one machine or a tailored package negotiated for multiple machines. Any optional extras such as accessories and attachments may be included in the machinery loan.
We source mining machinery financing at the best fixed interest rates and negotiate the most workable fixed terms to suit the life of the machine and/or preferred ownership cycle of the operator. Delivering operators with a fixed monthly repayment schedule which has been tailored to suit their individual cash flow. Balloons, buybacks and residual payments are included with commercial credit products and all offer tax deductions.
Request a quote for your choice of mining equipment loan product.
As specialists in heavy machinery funding, we know that different operations require different types of machines. Some need machines to be specifically designed and built to suit the application.
Our guides offer quick comparisons and simple explainers to help you cut through the financing process with confidence.
New, small and start-up operations have access through Jade Finance to specialist lenders offering no doc and low doc mining machinery loans. Access which may facilitate workable funding and a positive start in the industry.
Low Doc and No Doc Mining Equipment Finance allows for businesses without full financials or without a full year of trading figures to be approved for finance. Conditions including additional collateral and the credit profile and financials of the owner reviewed, typically apply.
Our brokers work to achieve the most suitable terms and best rates to ensure a workable solution is secured. Before facing issues applying for mining machinery loans, contact us as your first call for workable new business funding.
Some operators prefer to purchase new units, while others take advantage of the lucrative second-hand market. Whatever the machine, we offer cost-effective funding options.
Loans for mining machines are available for all types of shovels, drills, graders, earthmovers, draglines, excavators and haul trucks from manufacturers including Liebherr, CASE, Komatsu, Caterpillar and others. New units attract the best mining equipment loan interest rates and financing conditions. But we have a track-record for securing highly cost-effective solutions on new and used models.
All enterprises, including contractors new to the industry, are catered for – large corporations, small independent mines, self-employed contractors, and SMEs. Financing can be arranged and approved prior to purchase to assist with budget planning and for operators buying at auction.
Contact us to discover what will work best for your mining operation.
Heavy machinery finance interest rates vary with the credit product range, with different applicant profiles, and with different lenders. We support operators to quickly and easily find the lender that is a best match to their profile and best suited to offering the best rates with our deep coverage of the lending market.
Our brokers cover off on our 80+ lender market to secure the best rates currently available. Using our industry-level connections and leverage with non-bank lenders that specialise in heavy machinery funding, we negotiate the lowest rates to ensure the most cost-effective loans.
Review our latest best interest rates on mining equipment loans to appreciate the advantages that selecting Jade Finance may mean to your loan repayments, acquisition costs, and to achieving your ROI targets.
Access to the best mining equipment loan interest rates is available to operators throughout Australia through our nationwide services.
Simply connect with us online for a quick quote or speak with one of our brokers for the best rates we may source for your machinery acquisition.
Prepare budgets, compare makes and models, plan heavy machinery investments quickly and easily using our mining machinery loan calculator. Accessed from any online-connected device, this tool provides estimates based on the figures entered for all types of credit products and all types of machines.
Generate estimates from wherever you are located at a time that suits your schedule. Compare repayment estimates on Leasing with Chattel Mortgage. Make decisions on no deposit mining equipment finance or making a down payment. Compare repayments on new with second-hand models. Establish the balloon and term combination that delivers the target monthly outgoing.
Start estimating and call us for a mining equipment loan quote based specifically on your requirements.
To apply for mining equipment finance, operators need only make one call – to Jade Finance. One of our brokers with specific experience in mining sector funding will handle your requirements from there. We will advise the information and financials required for the application and to specifically suit the lender.
When the necessary information and documentation has been submitted, we handle sourcing the best offer, processing the application and getting fast 24 hour approvals. Expediting the availability of funding to expedite the delivery of your machinery.
If planning to buy used machines at auction, simply submit your application ahead of time for pre-event approval. Mining equipment loan applications can be made via our online portal or with a phone call with one of our brokers.
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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.
Heavy machinery may be financed with the operator’s choice of Rent-to-Own, Leasing, Hire Purchase and Chattel Mortgage.
The same credit facilities can be used to finance all types of heavy machinery. The interest rate, terms and conditions can vary for different operators, depending on aspects of the application and credit profile. New and used machine finance can vary.
Owner-operators with an ABN and ID can apply for commercial finance.
Where attachments are purchased from the same supplier as a machine, and at the same time, lenders generally allow the full acquisition cost to be covered with one loan.
Heavy machinery loan terms are subject to individual lender assessments of applications. Terms of up to 84 months are typical. Terms can vary for new and used models.
Lease and Rent-to-Own provide tax deductible monthly payments. Hire Purchase and Chattel Mortgage provide tax deductions when the machinery is depreciated according to the current ATO asset expensing rulings.
New machinery is typically accepted as the sole form of collateral for financing, subject to lender approval of the individual application. Used machines are subject to lender acceptance of the goods as suitable collateral. Some operators may be required to provide additional collateral.
Operators can generate estimates on machinery financing using an online loan calculator.
Most lenders will typically approve financing for custom-built heavy machinery.
To apply for mining equipment loans, businesses will need and ABN and provide financials on their operation. Financial documents can include tax and BAS returns, annual business accounts, bank statements, profit and loss figures, trading figures for 12 months, and asset and liability schedules.
