Asset Finance
Straightforward finance for new and used business assets.
- Up to 100% funding for asset purchases
- Raise funds against existing assets for business ventures
- Easy documentation without necessarily incurring legal costs
- Repayments can be structured to meet your cash flow
More detail
Straightforward finance for a wide range of vehicles and equipment
Asset Finance can be used to purchase capital assets such as plant and machinery, for example, forklifts, excavators, x-ray machines, lathes, manufacturing equipment and agricultural equipment – whatever your business needs. The minimum loan amount is $15,000.
100% of purchase price if you need it
You can borrow up to 100% of the GST-inclusive purchase price. The GST component must be repaid within the first three months.
Leverage your existing equipment to fund business ventures
You can use Asset Finance to raise funds against your existing plant and equipment.
Fixed term and interest costs make budgeting easier
Choose to have your interest rate fixed or floating over a term of 12 to 60 months. Fixed interest rates mean you’ll know exactly how much your repayments are over the duration of your loan.
Repayment options
Repayments are usually made monthly in arrears. In some cases we can also structure them to suit your seasonal cash flow.
Easy documentation without necessarily incurring legal costs
In most cases, either the Asset Finance Agreement or Hire Purchase Agreement can be completed by us, meaning there can be no legal costs.
The asset provides its own security
Generally, the only security we need for finance is the asset itself. You’ll be required to insure the asset.
