SME Equipment Loan

Key Features
Key Features

Our affordable and flexible SME Equipment Loan can help you replace, upgrade or purchase additional plant and equipment for your business.

  • Purchase transport & logistics, construction or agricultural equipment~
  • Loans from $20,000 to $500,000^
  • $0 deposit (i.e. 100% finance allowed)
  • Loan terms of up to 5 years
  • Principal and interest repayments over the term of the loan
  • Flexible repayment arrangements. Match your loan repayments to suit your cash flows with one of our optional balloon repayment structures

Optional balloon repayment structures

 ➩ 2 year term with a 60% balloon payment 
 ➩ 3 year term with a 45% balloon payment 
 ➩ 4 year term with a 35% balloon payment
 ➩ 5 year term with a 20% balloon payment  
Rates
Rates
Interest Rate
1 Year Fixed
2 Year Fixed
3 Year Fixed
4 Year Fixed
5 Year Fixed
Interest Rate
4.40%
Interest Rate
4.40%
Interest Rate
4.45%
Interest Rate
4.50%
Interest Rate
4.60%
Rates Effective From 19/11/2020
Fees
Fees
Application Fee $200
Monthly Administration Fee $0

Eligibility
Eligibility

To be eligible for any SME Support Loan under the SME Guarantee Scheme you must:

  • Have an Australian Business Number (ABN);
  • Have an annual business turnover of up to $50 million;
  • Be making a new loan application (not an extension of an existing loan); and
  • Be applying for the loan for business purposes. SME Support Loans cannot be used to purchase residential property or a financial product; or for the provision of loans to an 'associated entity'.
SME Support Loans for Small and Medium Business
See the loans we're offering under Phase 2 of the SME Loan Guarantee Scheme to help businesses adapt and invest for the future.
How do I apply?
How do I apply?

To apply for or enquire about our SME Support Loans: 

  • Call us on 1300 301 809;
  • Enquire online; or
  • Contact your existing Business Banking Manager directly.

For more details on the Scheme visit the Department of Treasury website.  

Tips on applying for a business loan
Senior Business Banking Manager Charlton Nevis, gives his tips on how to prepare yourself before applying for a business loan. 
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