Let us help save your business time on the purchase of a new or used vehicle and manage your cash flow, with no upfront deposit or hidden fees with a Business Vehicle Loan.
Business Lending Features
|Minimum loan amount :||No minimum|
|Maximum loan term :||5 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|
|Increase/top up :||No|
|In principle approval :||Yes|
A vehicle loan (sometimes referred to as a goods loan or chattel mortgage) is a popular type of new and used vehicle finance. Your business owns the vehicle from the beginning of the loan term without tying up valuable working capital.
To be eligible for an Business Vehicle Loan:
You'll need to meet additional credit eligibility criteria upon application such as:
Available to replace, upgrade or purchase new and used vehicles, such as:
All other vehicles 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.