Frequently asked questions
What is the minimum qualifying criteria for Vehicle 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?
Depending on the vehicle to be financed, we offer non-asset backed loans up to $100,000, asset-backed up to $250,000 with bank statements only and up to $1 million including full doc.
What documents are needed to process an application for Vehicle Finance?
Our process is simple and can be completed online. We require a completed Application Form and 6 months of bank statements to process an application for Vehicle Finance. Prior to funding, we will need the vendor invoice and identification documents for the borrower.
What types of vehicles can be financed?
We offer finance for a range of business vehicles and primary assets including cars, light commercial, trucks, trailers, vans, utes, SUVs, excavators, bobcats, materials handling and other specialty vehicles. Our range of Asset Finance solutions also includes Equipment Finance and General Equipment Finance options for your business.
How long does it take to finance my vehicle?
Once you sign the Facility Agreement, the funds are transferred to the vendor for the purchase the same day.
Who can I speak to about my equipment finance options?
Our Relationship Managers are available to help you with any questions and at every step of the short and simple process. They can be reached on 1300 249 649.
Can I access extra funds if I need to during the loan term?
Yes. We also offer a Working Capital Facilities, Terms Loans and Business Overdrafts, as well as a range of Asset Finance solutions to help with your other finance needs.
What loan terms are available for Vehicle Finance?
The loan term for this product is 5 years, depending on the asset being financed.