FAQs

Business equipment can be financed with the choice of Chattel Mortgage, Rent-to-Own, Leasing and CHP.

There can be variations in interest rates offered by lenders based on the industry of operation and in some cases on specific machines.

Self-employed operators with an ABN can be eligible for commercial financing.

Businesses without full financials may contact a broker to source Low Doc and No Doc loan options.

CHP and Chattel Mortgage include tax deductions through asset depreciation and the interest is deductible. Rent-to-Own and Lease have deductible monthly payments.

Variations between loans for new and used machinery may include the interest rate; the loan amount; terms; and security.

Getting approved for the total purchase price of assets is dependent on the lender assessment of the application including the credit profile. No deposit financing is typically available for many operators with good credit history.

Extras such as delivery and commissioning charges may be included in a loan, subject to lender approval.

Online calculators do not distinguish between the credit profiles of users or include lender charges. The estimates obtained can be different from lender offers received.

Terms of up to 84 months are typical for asset financing.