We leverage our vast experience, high quality underwriting team and expansive network to solve your equipment financing requirements.

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Try our Equipment Finance calculator

 

From simple transactions to hard-to-place funding, we specialise in matching the best financing solutions to meet customer needs.

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We specialise in equipment in the following industries:

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• Transportation

• Agriculture

• Earthmoving

• Construction

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​We have a number of Equipment Finance products available to suit your needs.

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Chattel Mortgage

A Chattel Mortgage is a commercial loan that provides funds to your business to purchase an asset. Your business retains ownership of the asset and the financier accepts the asset as security for the credit.
 

How does a Chattel Mortgage work?

Under a Chattel Mortgage the financier advances funds to your business at the time of the purchase. The financier takes a “mortgage” over the asset as security for the loan by registering their interest over the asset with the Personal Property Security Register (PPSR).
 

The financier removes the security interest once the contract expires.
 

Benefits of a Chattel Mortgage
 

• Flexible contract terms normally between 1 and 5 years.

• Fixed interest rates and monthly repayments.

• Interest rates are usually lower than unsecured loans and can be fixed or variable.

• A balloon or residual payment can be set at the end of the term to lower the monthly repayments.

• Your business owns the financed asset so it appears an as asset and liability on the balance sheet.

• Tax deductions may be available if used for business purposes.

• The GST included in the purchase price is financed and therefore your business can claim back the input tax credit up front.

• No capital outlay required.

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Finance Lease

A finance lease is a tax effective method of financing the full value of an eligible new or used asset. A finance lease also enables your business to have the use of business equipment while the financier retains actual ownership of the equipment.

 

How does a Finance Lease work?

 

The financier purchases the equipment of behalf of your business, which then pays the financier a fixed monthly lease rental for an agreed lease term.

 

At the end of the lease you can pay a residual on the lease and take ownership of the equipment.

 

Alternatively, you can sell the equipment or re-finance the residual.

 

Benefits of a Finance Lease:
 

• Fixed interest rates and monthly rental repayments.

• Tax deductions for the lease payments may be claimed subject to circumstances.

• Flexible contract terms up to 5 years.

• No capital outlay required.

• Your equipment is not an asset/liability of your business and therefore not on balance sheet.

• GST may be claimed back by the financier. Therefore the equipment price exclusive of GST is financed, lowering monthly repayments. *

*Subject to eligibility

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Commercial Hire Purchase
 

Commercial Hire Purchase (CHP) is a commercial finance product where a customer hires an asset from a financier for a fixed term. During the fixed term the customer has the use of the asset without being the legal owner.
 

How does Commercial Hire Purchase work for your business?
 

Under CHP the financier agrees to purchase the GST inclusive amount of the asset of behalf of your business. At the end of the contract term your business gains ownership of the asset if all repayments have been made.
 

Benefits of Commercial Hire Purchase
 

• Flexible contract terms normally between 1 and 5 years.

• Fixed interest rates and monthly repayments.

• Tax deductions may be available if the asset is used for business purposes.

• Option to have a balloon payment (Residual) at the end of the term.

• No capital outlay required.

• Repayments may be tailored to suit your cashflow.

• Ownership of the asset is passed on to the customer at the end of the contract term.