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| | Equipment Loans - Truck Finance | |
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Equipment Finance is appropriate to finance goods for more than 51% business use.
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| | Who can benefit | |
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Anyone wishing to finance the purchase of goods for business purposes with equipment loans as well as truck finance.
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| | Key features of truck loans, equipment loans and more. | |
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- 100% finance can be provided.
- Repayment schedules are flexible and can be structured to suit you.
- Balloon payments at the end of the term, can be arranged.
- May provide tax benefits if the financed goods are used to produce assessable income.
- The term is flexible and can be negotiated, subject to approval (maximum term 60 months).
- You can repay the contract before the term ends.
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| | Benefits | |
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- You can obtain the goods for a minimal capital outlay.
- You can match repayments to seasonal cash flow.
- You can pay lower instalments during the term of the contract and make a balloon payment at the end of the term.
- You may be able to make use of taxation benefits if the goods are used to generate taxable income.
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| | Interest rates | |
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The interest rate of equipment loans and truck finance depends on the amount being financed and the security of the applicant. It is fixed throughout the term of the loan.
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| | Repayment Schedules | |
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Repayments can be made
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- Monthly
- Yearly
- Quarterly
- Semi Annually
- Seasonal
- Irregular
- Prepaid (according to tax office guidelines)
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| | Acceptable Goods | |
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- Air Conditioning systems
- Aircrafts
- Arc & Gas welding equipment
- Automotive repair equipment
- Bakery Plant
- Boats
- Boring plant
- Brick elevators & concrete buggies
- Bulldozers
- Camera scanning equipment
- Cold rooms
- Compressors
- Computer systems
- Copiers
- Cranes
- Dental equipment
- Dry cleaning plant
- Earthmoving plant & heavy equipment
- Electrical machinery
- Electronic equipment
- Fork lift tucks
- Foundry plant
- Furniture & fittings
- Graphic arts plant
- Harvesters, plant
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- Heavy haulage trucks
- Injection moulding machines
- Lathes
- Laundry plant
- Medical equipment
- Motor Vehicles - Buses
- Motor vehicles - cars
- Motor vehicles - light commercial
- Motor vehicles - Taxis
- Orthopaedic plant
- Printing machines
- Poker machines
- pathology equipment
- Refrigeration plant
- Security Systems
- Shearing machines
- Shop fittings
- Timber Dying Kilns
- Tractors
- Road making plant
- Trailers
- Washing machines
- Wielding plant
- Wine making equipment
- Woodworking plant
- X-Ray equipment
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| | Lite Doc Equipment Finance | |
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| | General Conditions: | |
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- Maximum Loan $50,000 per good, $100,000 in aggregate
- All goods must be less than 24 months old (we can accept vehicles, heavy machinery & yellow goods up to 5 years old)
- All goods must have a serial number and been free standing
- All goods must be insured
- Borrower must be self employed for minimum 2 years with ABN
- Borrower must have equity in real estate property
- Clean credit history
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| | Consumer Equipment Finance | |
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| | General Conditions: | |
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- Lease or Commercial Hire Purchase products
- up to 100% finance for borrower with equity in real estate
- up to 80% finance for borrowers without equity in real estate
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| | Acceptable Goods: | |
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- Motor vehicles
- Motorcycles
- Caravans
- Boats
- Mobile Homes
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