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We offer loans for commercial equipment

Secured vs. Unsecured

Secured Equipment Loan

Use an asset to secure the loan. This asset is then used as a kind of security against the loan. If at any time you are unable to repay the loan, the lender may be able to use your security asset to recuperate the difference.

Unsecured Equipment Loan

The lender requires no security for the debt. The loan is still subject to your ability to repay it. The interest rates on unsecured loans are higher on average than secured loans, which offsets the increased risk of losing money for the lender.

Swift Approved Broker

When applying for a personal loan, be it secured or unsecured, you should always
check the information with your 1800Approved Financial Broker.

Chatell Mortgage

What is a Chattel mortgage?

A Chattel mortgage is much like a secured equipment loan for assets purchased for business use. The lender takes a ‘mortgage’ over the asset as security for the loan. Once the repayments are completed at the end of the repayment term, you’ll own the asset outright.

Benefits

  • Low-interest rate possibilities as it is a secured loan.

  • 100% finance options may apply

  • Flexible lease terms from 12 to 84 months

  • The potential to claim Input Tax Credits if you are registered for GST

Hire Purchase

What is Hire Purchase?

A commercial hire purchase loan is a way to finance buying new or used equipment. You are normally required to pay a deposit and pay off the value of the asset in monthly instalments, with the loan secured against the asset. At the end of the agreed term, and all payments are made, the asset becomes yours. A good option for business.

Benefits

  • As low as 10% deposit. (100% financing option is also available)

  • You have the flexibility of low or fixed interest rate options

  • You can select flexible lease terms from 12 to 60 months

  • Available on equipment, or new and used car purchases

Equipment Leasing

What is equipment leasing?

Under this agreement, you use the equipment while the lender retains ownership of the asset. At the end of the term, you have the option to buy the equipment or trade it in for a newer model. Talk with us for more information about leasing a car in Australia.

Benefits

  • Tax-deductible for business owners(credit card debt) to less than 30%

  • The equipment is ours and there are no restrictions on who can use it

  • You can select flexible lease terms from 12 to 60 months

  • You have the option to upgrade your car at the end of your lease term

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