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Medical Equipment Loans

With no referral required, we provide specialist attention for the financing requirements of doctors, specialists and other health practitioners and professionals. We fully understand the cost pressures faced by the sector in providing high level treatment and care and source lower rates and cost-effective funding solutions to address these pressures. Assisting doctors, surgeons, specialists, GPs, clinics and large-scale centres with workable financing for acquiring machines, devices and other apparatus and assets.

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Compare Business Finance Interest Rates for Medical Equipment Finance

With our large lender base and leverage within the commercial lending sector we achieve lower rates across our portfolio. Use our current rates as a guide to compare credit product and device and machine options and contact us directly for a quote based on your specific profile.

Loan Amount Loan Term
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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.

29 September

Today's best rate

Finance Equipment From

4.99 % Fixed

* The interest rate is calculated on a secured loan for commercial use, effective 29/09/2023 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.

29 September

Today's best rate

Finance Equipment From

4.99 % Fixed

* The interest rate is calculated on a secured loan for commercial use, effective 29/09/2023 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.

Get Quick Medical Equipment Loan Estimates
How to Get Medical Equipment Loan Estimates

To prepare budgets and compare different makes and models of machines, doctors can use our financing calculator. This provides immediate and instant access to repayment estimates for use as guides.

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Expert Support – No Referral Needed
No Referral to Get Specialist Support for Medical Equipment Loans

We have extensive experience working with doctors, surgeons and practitioners in the medicine and health fields. But unlike in that profession, clients do not need referrals to access our specialist lending services. All types of practices and practitioners can call us direct to handle their financing requirements.

Our services start from the initial onset of the need for new machines and other assets. We work with practitioners when acquisition budgets need to be prepared for approval by practice partners, boards or management. We source the most cost-effective and workable funding option, negotiating on rates, terms and conditions to secure an offer that suits projections and preferred ROI.

On approval of our offer, we process the financing and will assist with settlement to ensure the essential devices and apparatus are in place and delivering care services within the timeframe.

We are an Australian owned and operated company, licensed under ASIC as a Licensed Credit Provider, adhering to the Responsible Lender Guidelines and a member of the FBAA. An integral part of our practice is staying current with changes in taxation laws and benefits and financials as they pertain to asset acquisitions. Ensuring our brokers have the know-how in financials to structure the most tax-effective options for our clients.

  • Australian owned, operated and based finance brokers.
  • 20+ years of experience.
  • Medical equipment finance experience and expertise.
  • Current on asset acquisition taxation rulings.
  • Sharp financial acumen.
  • ASIC licensed brokers, Member FBAA.
  • Financing for doctors, GP surgeries, surgeons, specialists, day surgeries, medical centres and clinics.

Your Access to Cost-effective Solutions
Get Access to Cost-effective Loans for Medical Equipment

The commercial lending sector comprises a large number of banks and non-bank lenders. Many non-bank lenders specialise in key fields such as funding for the medicine field but operate only through their select brokers. We have vast coverage of the entire lending sector with our 80+ lender accreditations. Enabling our brokers to use our leverage to secure lower interest rates and solutions from lenders with specific knowledge of the requirements of practitioners in medicine.  A

  • Access to 80+ lenders – major banks, non-bank specialists.
  • Medical equipment financing lender access.
  • Lower rates, fixed terms up to 7 years.
  • Fixed repayments, structured to meet cash flow.
Access Affordable Medical Equipment Loans

Exploring the Range of Medical Equipment Financing Options
Types of Loans for Financing Medical Equipment

Doctor surgeries, GP practices, surgeons and healthcare centres have varying corporate and operating structures. Some are sole practitioners, some partnerships, some companies and some larger corporations. We work with all practices and surgeries and offer all forms of financing to suit specific objectives. Funding is acquired with fixed interest rates, fixed lending terms, fixed monthly repayments and with balloon/residual options.

  • Chattel Mortgage Medical Equipment Finance
  • Lease for Medical Equipment
  • Commercial Hire Purchase Medical Equipment Loans
  • Medical Equipment Rent-to-Own Finance
  • Fixed interest rates, fixed terms, balloon options
  • Options to suit sole practitioners, partnerships, companies, trusts, corporations.
Diverse Financing Options for Medical Equipment

Flexible Financing Solutions for a Wide Range of Medical Equipment
Solutions for Medical Equipment Loans – We Finance Many Types of Devices, Machines, Assets

With our experience assisting doctors with their financing requirements, we know the type of machines, devices and apparatus that is required by practices and surgeries. We provide financing options for a wide range of machines plus for the fixtures, furniture and fittings required by surgeries, day operating theatre practices and treatment clinics.

  • Loans for imaging, scanning and diagnostic machines.
  • Finance for pathology collection and diagnostic equipment.
  • Loans for medical treatment equipment.
  • Finance for medical devices and apparatus.
  • Loans for IT, tech and computer systems for medical practices.
  • Finance for fit-outs and fixtures of medical practices.
  • Doctor equipment finance.
Flexible Medical Equipment Financing – Covering Various Devices and Assets
Swift Medical Equipment Loan Approval

Get Quick Approval
Fast Approval of Loan for Medical Equipment

Using our commercial lending services, GPs, specialists and surgeons appreciate the time they save in sourcing and getting their funding requirements approved. We can have many applications approved in 24 hours, provide quick quotes and ensure prompt settlement to ensure you have more time to attend to your patients.

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FAQs
Medical Equipment Loans

Items acquired for use in an enterprise in the medicine field would be generally considered as physical assets and eligible for commercial financing. These may include vast selection of machines, devices, and apparatus as well as the furniture required for patient treatment, reception areas, staff workstations and waiting areas.

A balloon applies to CHP and Chattel Mortgage and a similar option – a residual, applies to a Lease. This is a set portion of the amount requested, which is set aside from the repayments and due for full payment after the last repayment is made. Balloons and residuals are usually represented as a percentage.

Interest rates vary for the different commercial credit products and for different applicant credit profiles. Different rates can apply for new and second-hand goods. The rates advertised by lenders will usually be their lowest current rate on new goods for enterprises with a good credit rating.

When applying for funding, doctors and other practitioners can decide which credit product will best suit their practice set-up, the acquisition and their objectives. The products are Chattel Mortgage, CHP, Rent to Own and Lease. Where a lender does not accept the goods as suitable for these types of asset acquisition funding, doctors may consider a secured or unsecured commercial credit option.

Yes. The IT, computer and technical hardware and systems required by surgeries and practices may be acquired using commercial funding. The most suitable credit product may depend on the specifics of the tech – hardware or software, and lender guidelines.

All commercial lending products have tax deductible elements. But these vary with the product. Interest charges are fully deductible. Monthly payments on Lease and Rent to Own are considered an operating expense by the ATO and are deductible. The value of depreciating the asset is a deduction with CHP and Chattel Mortgage.

The treatment of GST varies with the types of asset acquisition credit products. GST is not applied to interest charges for any products. GST is applied to monthly lease payments and can be claimed on the relevant BAS. With Chattel Mortgage, buyers can claim the full amount of GST applicable to the purchase, not the loan, at the time of purchase. No GST is then applied or claimed on repayments or balloon.

Asset acquisition funding products – Chattel Mortgage, Lease, CHP and Rent-to-Own typically attract a fixed interest rate. The rate is fixed for the entire term of the lending and does not change with RBA rate decisions.

The term approved on a commercial lending application can be subject to lender approval and/or based on the preference or request of the applicant. Lenders may take into account the credit profile of the applicant, the age and condition of the goods and the total amount requested. Terms of up to 7 years are achievable on commercial asset funding.

The collateral or security required for approval of commercial funding will depend on the application details. For many applications for Chattel Mortgage, Rent to Own, CHP and Lease, the goods being purchased are approved as the security. In some instances, lenders may request additional collateral be provided. This can be offered as property, personal guarantee or other assets.

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Our Lenders

Trusted by 60+ lenders Australia-wide

Westpac
Liberty
Automotive Financial Services
Macquarie
Finance One
Commonwealth Bank
Pepper Money
Morris
National Australia Bank
RACV
Get Capital
Prospa
Grow
Selfco Leasing
Scottish Pacific