FAQs

To be eligible for commercial credit, applicants need an ABN and ID, and provide financial documentation on their business. Approval is based on meeting lender criteria in relation to turnover, creditworthiness and financial position.

Agricultural machines can be financed with Rent-to-Own, Lease, Hire Purchase and Chattel Mortgage.

Yes. Operators can apply for financing prior to purchase based on an estimate of the amount required and an indication of the condition, make and model of the machinery.

Loan terms on asset acquisition financing are subject to lender assessment of the individual application. Terms of up to 7 years are generally approved.

Tax deductions are available on all commercial asset acquisition credit products. Chattel Mortgage and Hire Purchase offer deductions when the asset is depreciated and tax-deductible interest. Monthly payments on Lease and Rent-to-Own credit are deductible.

All types of business structures, including trusts, may be eligible for commercial credit, subject to meeting lender criteria.

Commercial asset acquisition funding is generally arranged with fixed interest rates and over fixed terms. This delivers a fixed schedule of payments which do not change over the term.

Generally, asset acquisition credit rates are fixed.

Operators looking to compare loans on different machine models can use an online financing calculator for estimates.

When acquiring multiple machines at the same time, operators may request a single financing solution. Approval of one loan for multiple units is subject to individual lender decisions.