Equipment Loan

Our Equipment Loan is a business loan that provides finance for replacing, upgrading or purchasing new and used equipment for your business such as cars, transport & logistics, construction and agricultural equipment. 

Features

  • Loans from $20,000 to $500,000
  • No monthly administration fee
  • Variable and fixed interest rate options available
  • Loan terms up to five years for new and used equipment
  • Equipment used as security for the loan
  • Equipment can be sourced from a licensed dealer / auctioneer or private sale
  • Balloon final payment on fixed rate option for new equipment only
What can you use the Equipment Loan for?

Available to replace, upgrade or purchase new and used equipment, such as:

  • Cars and light commercial vehicles
  • Transport & Logistics Equipment: Buses, Prime Mover, Trailers, Body Trucks and Forklifts
  • Construction Equipment: Hydraulic Excavators, Off Highway Trucks (i.e. water, dump etc), Mechanical Graders, Skid Steer Loaders, Cranes, & Bulldozers 
  • Agricultural Equipment: Combine Front Headers, Sprayers and Tractors  

All other assets can be assessed on a case by case basis subject to an assessment of the suitability and acceptability of the asset as security. Tower Cranes are excluded from the list of acceptable Cranes.

Rates

Interest Rate
1 year fixed
2 years fixed
3 years fixed
4 years fixed
5 years fixed
Variable
Interest Rate
4.20%
Interest Rate
4.20%
Interest Rate
4.25%
Interest Rate
4.30%
Interest Rate
4.40%
Interest Rate
4.25%
Rates Effective From 14/07/2021
Interest Rate
Indicator Rate Equipment Loan
Rates Effective From 14/07/2021
Fees

Monthly administration fee $0
Application fee $200
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