General
View common questions and answers regarding how Equipment Line works. Please refer to the Equipment Line product guide to view current rates and other important product and policy information.
How does Equipment Line work?
Equipment Line is a revolving line of credit that allows customers to fund multiple asset purchases over time under one approved limit. It can be used for any business purchase, except stock, and is widely used for tertiary assets.
How does Equipment Line differ from Asset Finance?
Asset Finance is for primary and secondary assets, with flexible terms. Equipment Line is a flexible line of credit to cover any business-use equipment, fitouts and imports.
Overall, Equipment Line helps to expands what customers can fund - especially tertiary assets and more complex scenarios.
Can my customer fund fitouts using Equipment Line?
Yes. Customers may allocate a sub-limit within their Equipment Line to use for a fitout and benefit from a 120-day payment deferral and no caps on soft costs. Learn more here
Can my customer fund imported assets using Equipment Line?
Yes. The Asset Import feature, available through Equipment Line, simplifies the process by providing a digital-first solution that enables your customers to fund overseas assets and the associated import costs. Learn more here