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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.
Business Lending Features
|Minimum loan amount :
|Maximum loan term :
|Interest calculation :
|Calculated daily, charged monthly
|Repayment type :
|Principal & Interest
|Repayment frequency :
|Weekly, fortnightly or monthly
|Establishment fee :
|Monthly loan fee :
|Early termination fee :
|Extra repayments :
|Increase/top up :
|In principle approval :
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.
To be eligible for an Business Equipment Loan:
You'll need to meet additional credit eligibility criteria upon application such as:
Available to replace, upgrade or purchase new and used equipment, such as:
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