Hire Purchase

General Lending Rates

Product Variations

Product Features

• Other Additional Information: Flexible loan structure: Customise the loan and repayments to your business needs.

• Other Additional Information: Get Fast Approval: It's easier to upgrade or replace financed assets if you have 12 months of good repayment history.

• Other Additional Information: Quick and easy: Get a fast quote over the phone or online. Sign your agreement online to avoid paperwork delays.

• Other Additional Information: No extra security required: The financed asset serves as the loan security, so your asset equity and lines of credit can be used for other business purposes.

Product Eligibility

• Business Additional Information: You can apply if your business: Isn't going through the process of bankruptcy

• Business Additional Information: You can apply if your business: Has a current ABN

• Business Additional Information: You can apply if your business: Has a good credit rating

• Business Additional Information: Financing equipment that will be used by a business (mostly or entirely for business purposes)

• Business Additional Information: You can apply if your business: Has been trading for more than 12 months

• Min Age - 18. Additional Information: Aged 18 years or over

• Other Additional Information: An individual, sole trader, sole owner of your company or someone authorised to apply for finance and credit for a business

• Other Additional Information: Eligible to work in Australia

Bank Fees and Charges

• Master Agreement Drawdown Fee (Event), Amount: 434.50. Additional Information: Fee charged for drawdowns on master agreement limits.

• Specialised Transaction Fee (Event), Amount: 137.50. Additional Information: Fee charged per asset for buyback, private sale or refinancing from another financial institution.

• Progressive Loan Establishment Fee (Event), Amount: 1089.00. Additional Information: Fee charged to establish and rollover a progressive facility.

• Variation Fee (Event), Amount: 544.50. Additional Information: Fee charged to process any facility variations, asset releases and/or transaction restructures (other than for Deceased Estates).

• Early Termination Administration Fee (Event), Amount: 654.50. Additional Information: Fee charged to process the termination of a contract before the contractual termination date.

• Early Repayment Adjustment Fee (Event), Amount: Not Listed.. Additional Information: Fee charged when a customer repays prior to scheduled maturity (irrespective of the circumstances causing the early repayment) and the Bank makes a loss due to the pre-payment.

• End Of Term Refinance Fee (Event), Amount: 544.50. Additional Information: Fee charged to refinance or roll-over the residual value under a facility.

• Standard Documentation Fee (Event), Amount: 654.50. Additional Information: Fee charged to establish a facility.

 Limitations & Restrictions (Constraints)

• Min Limit of 20000.00 Additional Information: 20000 minimum amount.

Document Downloads

  current-tcs-asset-finance.pdf (480.8 KB)