Equipment Loan

 General Lending Rates

• Lending Rate Type: Penalty
• Interest Rate: 3.00%, Comparison Rate 0.00%
• Repayment Type:
• Loan Purpose:

 Product Features

• Other Additional Information: Regardless of your business structure and needs, we have an Asset Finance Solution that will suit you.

• Other Additional Information: Whether you're a small business or large corporation, our Australian based Asset Finance Specialists are here to help you get the solution that suits you.

• Other Additional Information: We'll try our best to make things easy, and work with you to manage your finance, even if your business circumstances change.

• Other Additional Information: We'll look at your cash flow and business structure to work out a range of finance options for your business

• Other Additional Information: Our pricing is based on how much you're borrowing and what your loan term is.

• Digital Banking Additional Information: Be informed and up to date regarding your Asset Finance Agreement. Access to your agreement can be made available to registered CommBiz users.

• Digital Banking Additional Information: Once your application is approved, we will process the payment to your supplier within four business hours of signing your contract online

• Digital Banking Additional Information: Get faster approval when upgrading or replacing financed assets if you have 12 months of good repayment history. Our simple Replacement Pathway is available for businesses who are upgrading or replacing business cars or equipment currently under finance. Approvals are conditional and subject to the replacement asset being suitable to the Bank. Acceptable evidence of good payment history is required. The asset being purchased must not be older than the asset being replaced. The finance agreement on the asset being replaced must be repaid and the new repayment must not increase by more than 25 per cent. Additional information may be requested depending on your application details, the asset being financed and individual circumstances.

• Digital Banking Additional Information: Borrow from $20,000

• Digital Banking Additional Information: Fixed interest rates & repayments

• Digital Banking Additional Information: No monthly fees

• Digital Banking Additional Information: $0 upfront deposit

• Other Additional Information: With a balloon payment, your monthly repayments will be lower but you'll pay more interest

• Other Additional Information: We can increase or decrease the repayments to match your seasonal cashflows; speak to us to find out more

• Other Additional Information: When you're structuring your quote, you can:Select how long you want to finance for

• Other Additional Information: When you're structuring your quote, you can:View the total cost over the loan term

• Other Additional Information: A balloon payment is a lump sum paid at the end of your loan term

• Other Additional Information: When you're structuring your quote, you can:Select which monthly repayments works best for you

• Other Additional Information: Repayment frequency can also be quarterly in advance

• Other Additional Information: When you're structuring your quote, you can:Vary the monthly repayment amount by adding a balloon payment at the end

• Digital Banking Additional Information: Discounted rate for energy efficient cars and equipment. Get finance discounts on a wide range of energy efficient assets, like yellow goods, agri machinery, electric and hybrid vehicles, solar and batteries, and renewable energy projects. A discount can apply for qualifying energy efficient vehicles and equipment and applies to the standard rate you would normally pay for the equipment you wish to finance.

• Digital Banking Additional Information: Customise the loan and repayments to your business needs.

• Other Additional Information: Leaves existing asset equity and other lines of credit for other business purposes

• Other Additional Information: The financed asset serves as the loan security

• Other Additional Information: You own the car or equipment and we'll take a mortgage on it as security for your new loan.

• Digital Banking Additional Information: Amount depends on the type of agreement you'd like

• Digital Banking Additional Information: Can be financed into the agreement, or paid upfront.

• Digital Banking Additional Information: Online agreement to avoid paperwork delays

• Digital Banking Additional Information: Fast online quote

• Digital Banking Additional Information: Prompt payment once you've signed

• Other Additional Information: Choose to pay monthly over two to five years. Customise your repayments with a balloon payment at the end of the agreement.

• Other Additional Information: You may be able to claim input tax credits for the GST included in the car or equipment's price, and claim the depreciation and interest parts of your repayments.

• Other Additional Information: We finance the full price of your financed equipment. No hidden charges or surprises.

 Product Eligibility

• Business Additional Information: You can apply if your business: Has a good credit rating

• Business Additional Information: You can apply if your business: Has been trading for more than 12 months

• Business Additional Information: You can apply if your business: Isn't going through the process of bankruptcy

• Business Additional Information: You can apply if your business: Has a current ABN

• Business Additional Information: Financing equipment that will be used by a business (mostly or entirely for business purposes)

• Min Age - 18. Additional Information: Aged 18 years or over

• Other Additional Information: Eligible to work in Australia

• Other Additional Information: An individual, sole trader, sole owner of your company or someone authorised to apply for finance and credit for a business

• Other Additional Information: Applications are subject to the Bank's normal credit approval and suitability of the asset.

 Bank Fees and Charges

• Standard Documentation Fee (Event), Amount: 595.00. Additional Information: Added to borrowed amount ($0 upfront payment) or can be paid upfront. Fee does not incur GST. The document fee is a one-off processing fee. You can pay it upfront or add it to your borrowed amount which will increase your finance amount and how much interest you'll need to pay.

 Limitations & Restrictions (Constraints)

• Min Limit of 20000.00 Additional Information: 20000 minimum amount.

 Document Downloads

  current-tcs-asset-finance.pdf (481 K)