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Mining Equipment Loans | Business Finance
For both small owner-operator contractors and large resources corporations, we provide specialist commercial lending expertise to deliver targeted outcomes on key asset acquisitions. With our extensive experience in working with clients in the resource sector, we understand the need to specifically target finance to key output, productivity and ROI objectives.
This won't affect your credit score
Competitive Interest Rates for Mining Equipment Loans
Compare Our Current Mining Equipment Finance Interest Rates
Lower rates are integral to not only lower repayments but the overall cost of the asset investment. We assist operators to achieve lower total investment and better ROI through our ability to source lower interest rates on asset funding. Rates will vary depending on the specifics of individual applications, across the portfolio of options and may be different for new and used machinery. Our current lowest rates can be used as a guide for comparing credit products, makes and models and a specific quote can be obtained with a quick call to us.
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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.
Today's best rate
Finance Equipment From
4.99 % Fixed
* The interest rate is calculated on a secured loan for commercial use, effective 16/02/2024 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.
Today's best rate
Finance Equipment From
4.99 % Fixed
* The interest rate is calculated on a secured loan for commercial use, effective 16/02/2024 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.
Strategic Financing Solutions with Expert Services
Get Services to Strategically Source and Structure Loans for Mining Equipment
Prices fluctuate in the resources sector which can impact earnings. We provide expert services to strategically structure funding for machinery acquisitions to address projected earnings and to achieve key client outcomes. Our role is comprehensive and detailed. Starting from receiving your initial briefing, we handle the funding process from sourcing the most affordable quote, negotiating with our lenders on rates and conditions, processing applications and liaising with our lender and your supplier to expedite settlement.
As an Australian company with in excess of 20 years of commercial lending experience, we have an in-depth understanding of the operating conditions facing local companies as well as of the latest taxation rulings. We know financials, tax benefits and we know the resources sector. We use this depth of knowledge, sharp financial acumen and vast expertise to structure funding outcomes to meet specific client targets.
We operate Australia-wide to ensure operators in even the most remote mine sites and locations have access to first-class commercial broker services. Clients have one point of contact, a designated broker, to streamline and simplify the process of obtaining affordable machinery funding.
- Strategic approach to mining equipment finance.
- Astute attention to financials, tax benefits and targeted outcomes.
- Over 20 years of experience, specific mining sector expertise.
- Access to services from remote locations, all operators.
- Owner-operators, contractors, large mining corporations.
Obtain Competitive Finance Solutions from a Wide Range of Lenders
Mining Equipment Finance Solutions Sourced from 80+ Lenders
Rates, terms, credit conditions and application criteria vary across the commercial lending sector. A situation which can present challenges for miners seeking the lender and the option that will work best with their set-up. We overcome that challenge with our accreditations with more than 80 lenders. These include the Big 4 Australian banks and a diverse group of non-bank lenders. Presenting our clients with an easily accessible range of options to ensure we do secure the most suitable funding solution for their requirements.
Many of specialist resource sector lenders can be extremely flexible while the major banks continue to be competitive. Having greater market coverage in addition to the leverage we have acquired in the sector, maximises the prospects for a positive outcome for our clients.
- Huge lending market coverage – 80+lenders.
- Expert mining sector non-bank lenders.
- Access to our leverage to negotiate lower rates, flexible conditions.
Explore Diverse Financing Options
Full Selection of Finance Types for Mining Equipment Loans
The varying accounting structures and objectives of Australian enterprises requires varying types of credit facilities. As we deal with all types of operational structures – sole traders, SMEs, companies and large corporates, we provide a full portfolio of options.
- Chattel Mortgage for Mining Equipment
- Mining Equipment Lease
- Rent-to-Own Mining Equipment Loan
- Commercial Hire Purchase (CHP) for Mining Equipment and Machinery
- Used Mining Equipment Loans
- Fixed rates, fixed terms, fixed repayments, negotiated residual/balloon
- Tax optimised mining equipment loans
No Financials Required, Easy Approval Process
How to Get Mining Equipment Loans Without Financials, New Operators
For new owner-operators looking to purchase machines to work in the resources sector, we have lenders that will approve credit with no financials and for self-employed set-ups.
- Mining Equipment Loans with No Financials
- Low Doc No Doc Mining Equipment Loans
- Self-employed, ABN Loans for Mining Equipment
Grow Your Mining Operations Today!
Australia-wide Mining Equipment Finance for All Machinery Types
We offer services to source funding for the purchase of all types of resource sector machinery, new and used, standard models and custom-built. Pre-approved credit is available for buyers looking to order at field days and buy at auction.
- Loans for drills, longwall shearers, draglines, shovels, dozers, graders, feeder breakers, haulage systems
- Financing for hydraulic mining shovels, excavators, haul trucks, dragline machines.
- Financing for underground mining equipment and open pit machines,
- Finance for all leading makes – Caterpillar, Komatsu, Liebherr and more.
- New and used models.
- Financing for custom-built mining equipment.
Accelerate Your Mining Operations with Quick Financing!
Fast Approval for Mining Equipment Loan Applications
Our industry-level lender connections enable our brokers to arrange fast approvals of applications in as little as 24 hours without compromising on lower rates and negotiated conditions.
FAQs
Mining Equipment Loans
Machinery for use in the resources sector can be acquired with the choice of Leasing, Commercial Hire Purchase, Chattel Mortgage and Rent-to-Own.
The interest rate offered to a specific applicant will be based on the lender assessment of the application in regard to credit rating, amount requested, the machines being acquired and the credit facility requested. Rates vary with different credit facilities. Buyers may use the rates displayed by lenders as a guide.
Yes. Sole traders can apply for commercial credit for machinery acquisition. Where a sole trader does not meet the all lender criteria in regard to turnover, trading time and documentation, they may seek lenders that offer credit for sole traders.
Rent-to-Own and Leasing payments are treated as expenses and are a tax deductions. Repayments for CHP and Chattel Mortgage are not fully deductible. Only the interest portion is deductible. Assets acquired with CHP and Chattel Mortgage depreciable assets and the annual depreciation value is deductible.
Used machinery can be funded with the same credit facilities as new machinery. The interest rate offered may vary between used and new. Some lenders may also apply different conditions and offer different terms for used v new goods.
Prior to requesting a quote, buyers can use an online calculator to obtain rough estimates to compare machinery makes and models.
The credit term offered will be subject to lender approval. Terms of up to 7 years are quite common for asset acquisition funding. Longer terms would be by negotiation with the lender.
Yes. Applications for commercial funding can be submitted and approved prior to purchase. The amount required would need to be estimated and an indication of the machinery be provided to ensure lenders have sufficient information to provide a quote and approval.
An online calculator is a generic device and does not allow for variations in the details of an application, the credit profile of the calculator user and does not include lender fees and charges. Results from a calculator are estimates only and offers can vary from those estimates.
Commercial lending options provide for the machinery to be the security against the credit. For some applicants, lenders may request additional collateral. If requested, this may be provided with physical goods, property and other assets.
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Trusted by 60+ lenders Australia-wide
Trusted by 60+ lenders Australia-wide
