Business equipment finance
Finance to purchase new or second hand equipment that your business needs.
About business equipment loans
Also known as a chattel mortgage, an equipment loan enables your business to purchase and own equipment. The loan usually covers the cost of the equipment, thereby putting less strain on your cashflow and allowing you to use valuable funds for business growth.
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Features
- Fixed interest rate
- Borrow from $15,000
- Loan terms from 1 to 7 years
- Covers a range of new and used equipment e.g. machinery, tools, commercial equipment
Benefits
- Structured repayments to suit your cashflow
- Interest on the loan and depreciation of the equipment may be tax deductible
- Your business owns the equipment from the start
Eligibility criteria
- Your business is registered for GST and has a valid Australian Business Number (ABN)
- The equipment is mainly used for business purposes
Frequently asked questions
Interest rates and repayments vary depending on things like the:
- finance option you choose
- type and age of the equipment
- any balloon payments
- loan term.
Get a quote online or call 13 38 00 to speak to a business banker.
Important information
Conditions, fees and credit criteria apply. Before making a decision, it's best to read the terms and conditions which are available on application.
The information on our website is prepared without knowing your personal financial circumstances. Before you act on this, please consider if it's right for you.
The taxation position described is a general statement and should only be used as a guide. It does not constitute tax advice and is based on current tax laws and their interpretation. Customers must seek their own independent tax advice in relation to their individual circumstances.