RBA Cash Rate: 4.35% · 1AUD = 0.67 USD · Inflation: 4.1%  
Leading Digital Marketing Experts | 1300 235 433 | Aggregation Enquires Welcome | Book Appointment
Example Interest Rates: Home Loan Variable: 5.69% (5.89%*) • Home Loan Fixed: 5.48% (6.24%*) • Fixed: 5.48% (6.24%*) • Variable: 5.69% (5.89%*) • Investment IO: 5.74% (6.40%*) • Investment PI: 5.58% (6.62%*)

  Equipment Loan Fixed

Finance a new or used equipment for your business.
Category: Business Loans  Last Updated February 7, 2024  Effective July 5, 2024

 General Lending Rates

Rates listed below are for a FIXED product. Additional Information
Interest Rate
6.49% 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..
  , FIXED, 6.49%
  • Lending Rate Type: Fixed
  • Interest Rate: 6.49%, Comparison Rate 0.00%
  • Repayment Type:
  • Loan Purpose:
  , FIXED, 6.49%
  • Lending Rate Type: Fixed
  • Interest Rate: 6.49%, Comparison Rate 0.00%
  • Repayment Type:
  • Loan Purpose:
  , FIXED, 6.49%
  • Lending Rate Type: Fixed
  • Interest Rate: 6.49%, Comparison Rate 0.00%
  • Repayment Type:
  • Loan Purpose:
  , FIXED, 6.49%
  • Lending Rate Type: Fixed
  • Interest Rate: 6.49%, Comparison Rate 0.00%
  • Repayment Type:
  • Loan Purpose:

 Product Features

  • Digital Banking
  • Other Additional Information: Variable and fixed interest rate options available
  • Other Additional Information: Available for new and used equipment
  • Other Additional Information: Loan terms up to five years for new and used equipment
  • Other Additional Information: Equipment used as security for the loan
  • Other Additional Information: Equipment must be sourced from a licensed dealer/auctioneer
  • Other Additional Information: Balloon final payment on fixed rate option for new equipment only

 Product Eligibility

  • Business

 Bank Fees and Charges

  • Application Fee (Upfront), Amount: 450.00.
  • Capital Reduction Fee (Event), Amount: 75.00.
  • Audit Certificate Fee (Event), Amount: 15.00.
  • Heritage Online Business Internet Banking Security Token Fee (Event), Amount: 50.00. Additional Information: (including replacement tokens).
  • Cash And Coin Handling Fee (deposits) (Variable), Amount: Not Listed.. Additional Information: If a cash deposit is made to your facility account at a Heritage branch or mini-branch of coins which have not been correctly bagged and counted. 2% of value.
  • Overseas Cheque Deposit Fee (Event), Amount: 10.00. Additional Information: If a cheque in foreign currency is deposited to your facility account (note: Heritage does not always accept these deposits)
  • Heritage Cheque Fee (Event), Amount: 10.00. Additional Information: For each cheque drawn by Heritage on itself which is issued from your facility account. $10.00 per cheque (including replacement cheques).
  • Telegraphic Transfer Fee (Event), Amount: 30.00. Additional Information: If a telegraphic transfer is made from your facility account via RTGS within Australia
  • Rtgs Deposit Fee (Event), Amount: 10.00. Additional Information: If a payment/transfer to your facility account via RTGS occurs.
  • Transaction Listing Fee (Event), Amount: 5.00. Additional Information: When a transaction listing between two given dates is issued on your facility account
  • Additional Statement Fee (Event), Amount: 1.00. Additional Information: For the second and each subsequent statement issued during a month, or when a statement is issued on your facility account at your request at any time before the next statement issuing date
  • Sms Alerts (Event), Amount: 0.25. Additional Information: for each SMS Alert delivered by SMS to your mobile phone
  • Default Fee (Event), Amount: 30.00. Additional Information: at the end of each calendar month during which you are in default at any time
  • Direct Debit Dishonour Fee (Event), Amount: 10.00. Additional Information: If a direct debit authorised to be made from or to your account is dishonoured
  • Break Fee (Variable), Amount: Not Listed.. Additional Information: Calculating the interest amount that Heritage would have received over the remaining fixed rate period of your Loan less the interest amount Heritage will receive on a comparable loan for the remaining fixed rate period at the date the Credit Contract is paid out.

 Limitations & Restrictions (Constraints)

  • Min Limit of 20000.00
  • Max Balance of 500000.00

Download our 650-page guide on Finance Marketing. We'll show you exactly how we generate Billions in volume for our clients.

  E. Australia Standard Time [ UTC+10, Default ] [ CHECK TO CHANGE ]

  Want to have a chat?
 

Like this mortgage product?

Share on Facebook
Share on Twitter
Share on Linkdin
Share on Pinterest