A Business Equipment loan is a popular type of equipment finance. With an equipment loan, your business owns the equipment from the beginning of the loan term without tying up valuable working capital to help you manage the ups and downs of business.​


  • A low fixed rate provides certainty of repayment amounts over the loan term
  • No annual or monthly account keeping fees
  • Flexible repayment options to suit your cash flow
  • Tax effective solutions for interest and depreciation

Product Features:

Business Lending Features
Minimum loan amount : No minimum
Maximum loan term : 10 years
Interest calculation : Calculated daily, charged monthly
Repayment type : Principal & Interest
Repayment frequency : Weekly, fortnightly or monthly
Establishment fee : $190
Monthly loan fee : $0
Early termination fee : $0
Extra repayments : Unlimited
Redraw : No
Increase/top up : No
In principle approval : Yes

An equipment loan (sometimes referred to as a goods loan or chattel mortgage) is a popular type of equipment finance. With a equipment loan, your business owns the equipment from the beginning of the loan term without tying up valuable working capital.​

  • Fast, simple and easy way to purchase equipment for your business, keeping working capital in your business
  • Financed assets are used as security
  • Flexible repayment options on loan terms from 1 to 10 years
  • You can make as many additional repayments as you like, and there is no penalty for paying off the loan early.
  • You may be able to claim interest and rental payments – check with your tax accountant.
  • If eligible, you may claim a tax deduction for the total cost of the depreciating purchased asset as part of the Australian government’s instant asset write-off. Eligibility criteria change over time, so consult with your accountant or tax agent.

To be eligible for an Business Equipment Loan:

  • The Business must be a tax resident of Australia, that is based, registered, and operating in Australia
  • Financing equipment that will be used by a business (mostly or entirely for business purposes)
  • Customers must be business entities, including sole traders, partnerships, trusts etc
  • The directors, partners or sole traders must be 18 years of age or older
  • Supply a directors guarantee where required


You'll need to meet additional credit eligibility criteria upon application such as:

  • Have been established in their business undertaking for at least 2 years;
  • Have demonstrated experienced and competent management; and
  • Have a history of profitable business operations.

Available to replace, upgrade or purchase new and used equipment, such as:

  • Office equipment
  • General everyday business equipment such as garden tools, carpenters tools, solar panels, warehouse equipment etc

All other assets can be assessed on a case by case basis subject to an assessment of the suitability and acceptability of the asset as security, speak to one of our Business Banking Specialists