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.


  • A low fixed interest rate up to seven years
  • No annual or monthly account keeping fees
  • Flexibility to make extra repayments 
  • Interest expenses and depreciation of the asset may be tax deductible
  • Use the asset as security

Product Features:

Business Lending Features
Minimum loan amount : No minimum
Maximum loan term : 7 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

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.​

  • Fast, simple and easy way to purchase or upgrade a vehicle for your business, keeping working capital in your business
  • Financed assets are used as security
  • Flexible repayment options on loan terms from 1 to 7 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 Vehicle 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 vehicles, such as:

  • Passenger cars
  • Van, utes and light commercial vehicles
  • Small trucks & mini buses

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.