Asset and Equipment Finance

Once we’ve received all your details, we can usually get your loan approved within 24 hours. If you need finance in a hurry, let us know and we’ll always do our best to get you fast finance.

The amount you can borrow will depend on your ability to service the loan you are wanting to apply for. With a quick phone consultation, our team can assist in calculating this for you so you know exactly how much you can borrow.

A secured loan is a loan where the equipment / asset becomes security for the loan you are taking out. As the borrower, you put the equipment up as collateral to the lender for the loan. With a secured loan, the interest rate on your loan is generally lower.

A balloon payment is a lump sum payment that you make at the end of your loan term. By leaving a lump sum payment until the end of the loan, your weekly or monthly loan repayments are reduced. You still however pay interest on the balloon amount during the loan term.

You will need to weigh up the benefits of choosing an equipment loan with a balloon payment. If you have a strict budget, having a balloon may assist. A balloon payment may cost you more however over the life of a loan and you will need to make sure you have the cash available to pay out the balloon at the end of the loan term or you can usually rollover the balloon payment into another loan.

If you like to upgrade your equipment every few years, a balloon payment might be an option to consider. It is possible to sell or trade in your car while you still have a balloon in place. Selling or trading in your car allows you to pay out the balloon payment at the end of the loan term and buy a new car with a new loan or with cash.

Yes, a loan for second hand or used cars or equipment is much the same as for new equipment however there are some things you need to be mindful of. Check out our article below to find out more.

The loan term on equipment and assets is usually 5 years however you can opt for shorter or longer term loans depending on your needs and your circumstances.

If you provide us with some general information on what it is you’d like to finance and how much you’d like to borrow, our team will call you and take further details over the phone. We’ll then find some finance options for you and let you know what other information is required. When you’ve given us the go ahead we’ll lodge the application for you and keep you up to date on its progress. Our goal is to save you time and energy by doing the hard work for you.

The information you need to provide depends on what type of loan you are seeking and how much you are looking to borrow. If you need fast finance, we have options for low doc and alt doc loans to make things easier. Read our article below to find out more.

Yes, you can get a loan for any type of equipment, whether it’s specialised farming equipment or new technology, hospitality or medical equipment, we will find a solution that works best for your business.

Yes, it is possible to obtain a loan if you are a new business or have a new ABN. If you don’t yet have years of financial figures, there are other things you can provide to prove your business will be able to service a loan. Read our article below to find out more.

Yes, if you think you’d like to make additional payments on your loan, let us know and we’ll make sure your loan is tailored to suit your needs.

Using a broker can save you time and money. We have access to more than 30 lenders so we can look at different options for you rather than just relying on your usual bank. Our brokers keep up to date with the latest products on offer from the various lenders so they will make sure you are provided with the best finance solution for your needs. We also do the legwork for you when it comes to getting a loan, liaising with the lender on your behalf, saving you time and energy.