Car and equipment finance. Ready when you are with our simple business car and equipment finance. Get a quote online in less than 60 seconds for new and used assets.
Category: Business Loans Last Updated October 14, 2024 Effective November 1, 2024
General Lending Rates
Rates listed below are for a FIXED product. Additional Information Rate shown is indicative, current as at the time of publishing and is dependent on but not limited to the term of the finance, amount financed, suitability of the financed asset and credit assessment of the applicant. Fees, charges & Terms and Conditions apply.
Interest Rate 7.89% PA
Comparison Rate 0.00%PA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.
Product Variations
Product rates and conditions will usually vary based on the LVR and other conditions..
Term
Lending Rate Type: Penalty
Interest Rate: 3.00%, Comparison Rate 0.00%
Repayment Type:
Loan Purpose:
Product Features
OtherAdditional Information: Regardless of your business structure and needs, we have an Asset Finance Solution that will suit you.
OtherAdditional Information: Whether you're a small business or large corporation, our Australian based Asset Finance Specialists are here to help you get the solution that suits you.
OtherAdditional Information: We'll try our best to make things easy, and work with you to manage your finance, even if your business circumstances change.
OtherAdditional Information: We'll look at your cash flow and business structure to work out a range of finance options for your business
OtherAdditional Information: Our pricing is based on how much you're borrowing and what your loan term is.
Digital BankingAdditional Information: Be informed and up to date regarding your Asset Finance Agreement. Access to your agreement can be made available to registered CommBiz users.
Digital BankingAdditional Information: Once your application is approved, we will process the payment to your supplier within four business hours of signing your contract online.
Digital BankingAdditional Information: Get faster approval when upgrading or replacing financed assets if you have 12 months of good repayment history. Our simple Replacement Pathway is available for businesses who are upgrading or replacing business cars or equipment currently under finance. Approvals are conditional and subject to the replacement asset being suitable to the Bank. Acceptable evidence of good payment history is required. The asset being purchased must not be older than the asset being replaced. The finance agreement on the asset being replaced must be repaid and the new repayment must not increase by more than 25 per cent. Additional information may be requested depending on your application details, the asset being financed and individual circumstances.
Digital BankingAdditional Information: Borrow from $20,000
Digital BankingAdditional Information: Fixed interest rates & repayments
Digital BankingAdditional Information: No monthly fees
Digital BankingAdditional Information: $0 upfront deposit
OtherAdditional Information: With a balloon payment, your monthly repayments will be lower but you'll pay more interest
OtherAdditional Information: We can increase or decrease the repayments to match your seasonal cashflows; speak to us to find out more
OtherAdditional Information: When you're structuring your quote, you can:Select how long you want to finance for
OtherAdditional Information: When you're structuring your quote, you can:View the total cost over the loan term
OtherAdditional Information: A balloon payment is a lump sum paid at the end of your loan term
OtherAdditional Information: When you're structuring your quote, you can:Select which monthly repayments works best for you
OtherAdditional Information: Repayment frequency can also be quarterly in advance
OtherAdditional Information: When you're structuring your quote, you can:Vary the monthly repayment amount by adding a balloon payment at the end
Digital BankingAdditional Information: Discounted rate for energy efficient cars and equipment. Get finance discounts on a wide range of energy efficient assets, like yellow goods, agri machinery, electric and hybrid vehicles, solar and batteries, and renewable energy projects. A discount can apply for qualifying energy efficient vehicles and equipment and applies to the standard rate you would normally pay for the equipment you wish to finance.
Digital BankingAdditional Information: Customise the loan and repayments to your business needs.
OtherAdditional Information: Leaves existing asset equity and other lines of credit for other business purposes
OtherAdditional Information: The financed asset serves as the loan security
Digital BankingAdditional Information: Amount depends on the type of agreement you'd like
Digital BankingAdditional Information: Can be financed into the agreement, or paid upfront.
OtherAdditional Information: We own the car or equipment for the duration of the Hire Purchase agreement, but the title transfers to you after your final payment. You have the option to purchase it at any time
Digital BankingAdditional Information: Online agreement to avoid paperwork delays
Digital BankingAdditional Information: Fast online quote
Digital BankingAdditional Information: Prompt payment once you've signed
OtherAdditional Information: Choose to pay monthly over two to five years. Make a balloon payment at the end of your agreement to lower your regular instalments.
OtherAdditional Information: You may be able to claim input tax credits for the GST payable on interest and fees included in the price of the hire purchase.
OtherAdditional Information: We finance the full price of your financed equipment. No hidden charges or surprises.
Product Eligibility
BusinessAdditional Information: You can apply if your business: Isn't going through the process of bankruptcy
BusinessAdditional Information: Financing equipment that will be used by a business (mostly or entirely for business purposes)
BusinessAdditional Information: You can apply if your business: Has a current ABN
BusinessAdditional Information: You can apply if your business: Has a good credit rating
BusinessAdditional 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
OtherAdditional Information: An individual, sole trader, sole owner of your company or someone authorised to apply for finance and credit for a business
OtherAdditional Information: Applications are subject to the Bank's normal credit approval and suitability of the asset.
OtherAdditional Information: Eligible to work in Australia
Bank Fees and Charges
Standard Documentation Fee (Event), Amount: 595.00. Additional Information: (excluding GST) Added to borrowed amount ($0 upfront payment) or can be paid upfront. The document fee is a one-off processing fee. You can pay it upfront or add it to your borrowed amount which will increase your finance amount and how much interest you'll need to pay.
Limitations & Restrictions (Constraints)
Min Limit of 20000.00 Additional Information: 20000 minimum amount.