Features and benefits

  • Enabling Australian farmers, producers and regional businesses to continuously progress by acquiring new and additional machinery. With the flexibility to choose your own supplier and brand of equipment and no requirement for land ownership, we can finance almost any equipment, from utes to harvesters, tractors to irrigators, that you can put to work on the land. 

  • Be rewarded for a good payment history

    Upgrading or replacing business vehicles or equipment currently under finance? Take advantage of our simple Replacement Pathway by showing 12 months of good payment history.1

  • Avoid asset finance paperwork delays

    Save time and effort when you sign your business vehicle and equipment finance agreement online with CommBank SmartSign®. 


  • $0 upfront deposit and no monthly fees

    There are no surprises, hidden fees or charges with our simple business vehicle and equipment finance pricing. 


  • Finance options for whatever your circumstances

    Apply for our simple business vehicle and equipment finance with 12 months of BAS statements.2


  • Go green and save 

    Get a discounted rate when you finance qualifying energy efficient business vehicles and equipment.3

  • Prompt funding

    Once your application is approved, we’ll arrange prompt payment to your supplier after you sign your agreement online.

Finance options

Equipment loan (chattel mortgage)

Our most popular finance option. You own the equipment and pay it off over time.

Hire purchase

You hire the equipment from the Bank while you pay it off.

Finance lease

You lease the equipment from the Bank with the option to own it later.

Master Limit

  • For businesses that regularly buy machinery
  • Get pre-approved for a Master Limit (from $100,000) helping you to buy as soon as you’re ready
  • Send us the invoice, we’ll pay the supplier on approval and your repayments will commence 

Energy Efficient Finance

  • Get a finance discount when you choose to finance energy efficient models3
  • Currently many categories of equipment and vehicles can qualify including yellow goods, agri machinery, electric and hybrid vehicles, renewable energy projects, charging equipment, batteries and lighting.
  • Save money on both energy and finance costs

Upgrading or replacing

The simplest way to upgrade or replace your vehicles and equipment currently under finance is with our Replacement Pathway. Here’s an example of how it could work.

David and Elizabeth run a mixed farming business.

One of their tractors was coming to the end of its loan term and they decided they wanted to replace it with a newer model using CommBank Replacement Pathway.

By showing they had made on-time repayments for the last 12 months of their current loan, they were able to apply for new finance without needing to provide any additional financial information.

After a credit check, CommBank issued them with a conditional approval on the basis that their previous finance agreement was to be finalised, and their new monthly repayments were no more than 25% over what they were used to paying.

By using their good payment history, David and Elizabeth were able to use CommBank Replacement Pathway to get equipment finance faster and put their new tractor to use in their business sooner.1

Who can apply?

  • You can apply if your business:

    • Has a current ABN
    • Has been trading for more than 12 months
    • Has a good credit rating
    • Isn’t going through the process of bankruptcy
  • You can apply as an individual if you’re:

    • Aged 18 years or over
    • Eligible to work in Australia
    • An individual, sole trader, sole owner of your company or someone authorised to apply for finance and credit for a business
    • Financing equipment that will be used by a business (mostly or entirely for business purposes)

Apply in four easy steps


Get a quote online

We’ll give you a breakdown of the costs and interest. We'll need to know:

  • What you want to finance
  • How old it is
  • The finance amount
  • Any balloon or residual payment amount

Calculate online or talk with your CommBank Agri Relationship Manager. 


Simple application

Apply via your CommBank Agri Relationship Manager. Eligible CommBank customers can receive a conditional credit decision online.4


Sign your documents online

When your application is approved you can sign your finance agreement online using our SmartSign® paperless technology.


Get prompt funding after signing online

Leave the rest with us and we'll arrange prompt payment to your supplier after you sign your agreement online.

Things you should know

  • This information is current as at 1 July 2022 and is for general information purposes only. It has been prepared without considering your objectives, financial situation or needs. You should consider the appropriateness of this information to your circumstances before acting on it.

    Credit provided by Commonwealth Bank of Australia. These products are only available to approved business customers for business purposes only. All applications are subject to the Bank’s eligibility and suitability criteria and normal credit approval processes. You should view our current Terms and Conditions for Asset Finance and consider them before making any decision about these products. All rates are subject to change. Fees, charges, terms, conditions and lending criteria apply.

    These products are only available to approved business customers and for business purposes only. Applications for finance are subject to the Bank's eligibility and suitability criteria and normal credit approval processes. Rates are subject to change. Fees, charges, terms and conditions apply. 

    1 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.

    2 Additional information may be requested depending on your application details, the asset being financed and individual circumstances. Some industries may be excluded.

    3 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.

    4 You can apply for conditional approval in NetBank if you’re an existing CommBank business customer who is a sole trader or the single director of a company that has been operating for at least 12 months. Fees, charges, terms, conditions and lending criteria apply.