Equipment Finance

Our commercial asset finance brokers have a wide range of loan and financing options to help your company get the new assets and equipment it needs to grow while staying within your budget.

Chattel Mortgage

With a chattel mortgage, the asset being purchased is the collateral for a loan. Unlike a mortgage on real property, a chattel mortgage is for movable property, such as a vehicle or factory machinery.

With a chattel mortgage, the lender can take the asset and liquidate it if the borrower is not able to make repayments.

Get an estimated monthly repayment amount with our FREE Loan Calculator.

HIRE PURCHASE

A hire purchase is when a company leases an asset from a provider who buys the asset and agrees to lease it to the company. The provider owns the asset for the duration of the lease and is responsible for repairs, maintenance, and insurance.

During the lease period, the company makes ongoing payments to the asset provider for the use of the asset. At the end of the lease period, the asset is transferred to the company.

Low Doc Loan

For all intents and purposes, a low doc, or self-declaration loan, is functionally equivalent to a standard doc commercial product. The only difference is the criteria that businesses must meet in order to qualify for a low-doc loan.

Typically, the criteria revolve around the length of ABN and GST registration, as well as property ownership. These loans enable lenders to expedite applications for well-established businesses.

Sale & Buyback

A loan is raised (via lease, chattel mortgage, or hire purchase) against an asset that is owned outright and free of any encumbrance in this type of equipment finance.

This frees up cash for the business in the short term and allows the asset to be used indefinitely without impeding the business.