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Asset Finance

Funds to keep your business moving

Purchase business assets such as equipment, vehicles, or machinery - without paying the full cost up front.

Product information

Asset Finance is a convenient way to purchase vehicles for your business. Access up to $2 million for vehicles including cars, light commercial, trucks, vans, utes and trailers for your business.

  • Term

    Up to 7 years

  • Account Limit

    Up to $2m for eligible businesses

  • Annual percentage rate

    From 8.95%

  • Balloons

    Available on eligible assets up to 30 years

  • Fees

    $499 establishment fee
    (added to the loan)

  • Repayments

    Monthly

How it works

  • Register online to open an account
  • Link your business bank account
  • Once approved and the facility agreement has been signed, the funds are transferred to the vendor for the purchase the same day.

FAQs

  • What is the minimum qualifying criteria for Asset Finance?

    We can assess any business with an Australian ABN that has been trading for 2 years or more with annual turnover of at least $250,000.

  • How much can my business borrow?

    Non-asset backed loans up to $200,000 and asset backed loans up to $500,000 with bank statements review only. Up to $2 million with a review of annual financial statements.

  • What documents are needed to process an application for Asset Finance?

    We require linked bank statements to assess your business. Prior to funding, we will need the vendor invoice and identification documents.

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