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Cost-Effective Equipment Loan Interest Rates

Asset acquisitions need to achieve expected ROI. Delivering productivity, efficiency and profitability for the operation. We support all types of operators to achieve these objectives by securing lower rates on the machinery finance. Secured through our specialist lender connections, our smart technology, financial acumen and superior commercial credit expertise.

We deliver financing packages on all types of plant, machinery and assets, specifically sourced and structured to work with individual cash flow demands. That starts with prioritising a lower rate for our clients.

Business Finance Cost-Effective Equipment Loan Interest Rates
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Affordable Financing
Compare Our Equipment Finance Interest Rates

There are variation across the selection of asset acquisition credit facilities, across the lender market and for different goods and operator profiles. Clients can compare what we are currently achieving as a clear indication of our strengths and capabilities to achieve lower priced finance across the board. For a confirmed quote on a specific acquisition, contact us for prompt service.

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Disclaimer: The comparison rate displayed is calculated for a loan of $30,000 over 5 years. The results from this calculator should be used as an indication only. Quoted repayments are based on advertised rates and do not include lender fees and charges. Results do not represent either quotes or pre-qualifications for a loan. The specific details of your loan will be provided to you in your loan contract. It is advised that you speak with us so that we can provide you with advice that is tailored to your situation.

30 September

Today's best rate

Finance Equipment From

4.99 % Fixed

* The interest rate is calculated on a secured loan for commercial use, effective 30/09/2023 and subject to change. Warning: the interest rate is only true for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different interest rate.

30 September

Today's best rate

Finance Equipment From

4.99 % Fixed

* The interest rate is calculated on a secured loan for commercial use, effective 30/09/2023 and subject to change. Warning: the interest rate is only true for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different interest rate.

Simplify Equipment Loan Interest Rates with Our Calculator
How to Use Equipment Loan Interest Rates Calculator

Using our online calculator, comparisons can be obtained on different funding products, on different-priced machinery and on varying options of loan amount, term and balloon. The calculator is free and easy to use from any device with internet connection.

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Get Expert Assistance for Lowering Your Equipment Loan Interest Rates
Expert Services for Lower Equipment Loan Interest Rates

We specialise in commercial funding and have acquired a reputation based on results for achieving lower rated financing. Our business model has been developed to provide operators from all areas of Australia and in all industry sectors access to specialist expertise when they need to fund new machinery acquisitions.

Our highly skilled brokers are backed by our smart technology and use our industry-level connections across the commercial lending sector to source the most suitable option for each client. Lenders change their pricing at different times based on RBA decisions, market fluctuations and their analysis and outlook for the economy.

With our intel, technology and direct contacts within the major banks and specialist lenders, we know at what times, which lenders have the most competitive offers. We use that knowledge to secure the best offers for our clients.

We handle every enquiry and application on an individual basis. Sourcing and negotiating with our lenders on behalf of the client to achieve the most affordable and cost-effective outcome.

  • Australian-based operation
  • Individual attention, custom solutions
  • Lower rates negotiated individually
  • Streamline channels and connection for lower rates
  • Smart technology combined with superior expertise

Competitive Equipment Finance Rates
Get Access to Equipment Finance Rates from 80+ Lenders

We provide clients with fast access to lending sources which may not be readily accessible to them and/or they don’t have the time or capacity to seek out. We have accreditations with more than 80 commercial lenders. These include the major banks, finance companies and non-bank lenders that work only through their elite selection of brokers.

By opening these channels to our clients, they benefit from having more options considered and improved prospects of achieving the most competitive offer currently in the market. In addition, they have the advantage of working with specialist lenders that know and understand their industry and are prepared to support them with affordable funds.

Pricing on funds varies across the lender market and that means openings for lower offers. We expand our clients’ prospects through our extensive lender base and capitalise on the opportunities to capture current lowest offers.

  • Access to 80+ Lenders
  • Specialist industry-specific channels
  • Facilitating more options, enhancing prospects
Tailored Solutions for Equipment Financing Experts

Dive into the Different Types of Equipment Loan Interest Rates
Types of Equipment Loan Interest Rates

When funding new assets, operators have a selection of credit products to consider. While the features and benefits of each option varies, so does the rate which applies to each product. These variations are typical across the lending market and based on the format of the individual product. In selecting the most suitable option, operators are encouraged to speak with their accountant as to which is the most suitable solution for their set-up.

  • Chattel Mortgage Equipment Interest Rates
    A widely-used, versatile, secured format product, Chattel Mortgage attracts the lower rate across asset acquisition funding products. Variations can occur for different credit profiles, on certain types of assets and new v used goods.
  • Equipment Leasing Interest Rates
    Leasing is very popular as operators don’t have the asset on their balance sheet. The rate is typically higher than Chattel Mortgage but attractive tax deductions and accounting benefits can be realised.
  • Interest Rates on Rent-to-Own Equipment Loans
    This credit facility attracts the highest rate in the portfolio due to the format of the product. But with our connections, we can achieve competitive offers for operators seeking to take advantage of the benefits of this product for their operation.
  • Commercial Hire Purchase Machinery Rates
    Typically this is priced at the same level as Chattel Mortgage and with compatibility with both accruals and cash accounting, is an attractive option for many operators.

Not sure which is the right option for your purchase? We can provide quotes for a number of credit facilities to assist with decision making.

Discover Tailored Solutions for Equipment Loan Interest Rates
Equipment Loan Interest Rates Solutions

We provide solutions for all types of commercial set-ups with the same level of attention and perseverance to achieve the lowest rated offers for all clients. Attention that smaller and newer operators and those without financials may think is not available to them. It is, by engaging with us.

By utilising our specialist broker services, all types of business operators can have access to custom solutions, lower funding costs and more workable solutions.

  • Lower Rates on Equipment Loans for SMEs
  • Individually Negotiated Rates for Sole trader and Owner-operators
  • Specific Low Doc No Doc Options for operators without financials
  • Lenders offering affordable equipment loan interest rates for start-ups
  • Lower Rates on Structured Finance for Single Machinery Acquisitions & Complete Fleet Overhaul
  • Competitive Used Equipment Finance Interest Rates
Cost-Effective Equipment Loan Interest Rates
Fast Approval for Equipment Loan Interest Rates


Quick Quotes, Fast Approval for Equipment Loan Interest Rates

Timing can be critical with asset acquisitions. Capturing special offers, limited stock machinery, bidding at auction, meet tax and other deadlines and staying ahead of RBA decisions. We provide a streamlined process which starts with quick quotes and fast approvals of financing applications.

Quote requests and applications can be submitted online or by phone.

Approvals can be achieved in 24 hours.

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FAQs
Equipment Loan Interest Rates

No. Lenders prepare rate offers based on an individual assessment of each application. The risk assessment impacts the rate offer. The assessment includes the credit history and rating, the business financials, the industry, amount of the loan and the machinery itself. This leads to variations in offers to different businesses.

The finance offer for a particular item of machinery will depend on the finance product selected and the specific details of the applications. Variations exist across the finance selection of Chattel Mortgage, CHP, Leasing and Rent to Own and with new and used goods. The credit rating and strength of the application will also impact to the offer. A quote should be requested for a confirmed offer.

Each application is assessed on its merits including for self-employed operators. Where a sole trader or owner operator has good turnover, good trading history and credit profile they can be made very competitive offers.

The rates vary across the commercial finance product selection. Chattel Mortgage and CHP attract the lowest. Leasing is typically slightly higher and Rent to Own the higher of the selection. This trend is uniform across the commercial lending market but rates vary with individual banks and lenders.

Lenders make their own decisions as to the pricing they will place on their finance products. Decisions are based on their analysis of the market, the economy and their own funding costs. Lenders that specialise in certain industries or for certain types of equipment may offer lower rates compared with lenders covering all industries.

Offers on asset finance vary across the commercial lending markets. Variations are seen in offers within the banking sector, when comparing banks and non-bank lenders and for different non-bank lenders. Lenders change their offers at different times as a result of their changing analysis of the market and their lending costs. Offers can vary for different business set-ups. Both the major banks and non-bank lenders can be more or less competitive at different times and for different applications.

An online calculator can be used to obtain estimated repayments on machinery finance. The user can input the rate advertised by the lender as a guide to what may be achieved. To obtain a specific offer, an application or request for a quote will need to be made.

The specific offer made on a specific machinery funding request will be dependent on the choice of financing product; strength of the application; credit profile of the applicant; industry sector; and condition of the machinery. Advertised rates may be used as a guide or a quote requested to get a specific rate offer.

Businesses without all the financials to meet the criteria for applications may seek Low Doc and No Doc options, primarily available via brokers. The rate offered for this type of funding can be competitive depending on the lender and the turnover. For some applications it would be expected that a rate higher than the best rate advertised would be offered.

Not necessarily. Offers can vary for businesses and for machinery purchases in different industry sectors. The variations can arise from the risk assessment of the sector by lenders. The rates offered will vary across the lending market. Lenders that specialise in a particular industry may be more competitive.

An offer is prepared by a bank or lender based on assessment of application and the asset being acquired. The rate can vary based on:- credit rating of the business; risk assessment of the industry; age and type of machinery; loan amount; and the lender guidelines and finance pricing.

Businesses may achieve a lower rated offer on finance by considering a number of options. These include:- improve their credit position by reducing debt; addressing any bad credit issues; reducing the amount of the loan by paying a deposit; and using a broker to access offers from more lenders.

Banks and lenders typically advertise their best current offers for high quality, good credit applicants and for new goods. Each application is reviewed individually and an offer made accordingly. Where the credit rating is less than good or other aspects of the application are identified as riskier, the offer may be different from the one advertised.

Not always. In general terms, offers for used machinery attract higher rates than new goods. The age and condition of the machinery will be assessed as part of the application process.

Most lenders will offer a fixed rate on asset acquisition finance. It would be less common to find a variable rate on Chattel Mortgage, Leasing, CHP or Rent to Own. A fixed offer means that is in place over the full term of the finance. It would not change in line with RBA decisions.