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This fixed rate pricing is part of the Government Coronavirus SME Guarantee Loan Scheme Phase 2, which is designed to give support to small and medium sized enterprises. Under this scheme, businesses are able to borrow up to a maximum of $1 million across all lending products and finance providers.
We’ll look at your cash flow and business structure to work out a range of finance options for your business.
Once your application is approved, we'll arrange prompt payment to your supplier after you sign your agreement online.
Whether you’re a small business or large corporation, our Australian based Asset Finance Specialists are here to help you get the solution that suits you.
We’ll try our best to make things easy, and work with you to manage your finance, even if your business circumstances change.
When you're buying property, the way to get the best deal is to negotiate both the price of the property and your mortgage rate separately. Why should it be any different when buying cars for your business?
Negotiate your finance and vehicle separately and it could save you thousands over the course of your loan. We have a range of monthly repayment options and you can access a finance quote online in less than 60 seconds. We show you all the finance costs up front and you can customise a repayment that best suits your business needs. You can apply online or over the phone and be on your way to acquiring a vehicle or equipment or an upgrade.2
We’ll give you a breakdown of the costs and interest. We'll need to know:
Eligible CommBank customers can receive a conditional credit decision2 online (otherwise we'll call you to process your application).
When your application is approved you can sign your finance agreement online, using our SmartSign paperless technology.
Leave the rest with us and we'll arrange prompt payment to your supplier after you sign your agreement online.
We have a range of industry specific finance solutions for cars and equipment including:
Reduce your energy costs and claim a 0.50% discount when financing the latest fuel and energy efficient cars and equipment.
This information is current as at 1 May 2021 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 the Commonwealth Bank of Australia. 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. You should view our current Terms and Conditions for Asset Finance and consider them before making any decision about these products. Rates are subject to change. Fees, charges and Terms & Conditions apply.
1 Amount financed must be between $20,000 to $250,000 for equipment and vehicles fixed for 2 or 3 years. Only available to businesses with an annual turnover less than $50 million. Excludes refinancing of existing finance facilities, progressive fundings and sale/hire backs. Must be funded by 30 June 2021. Rates are subject to change. Fees, charges, terms, conditions and lending criteria apply.
2 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.
3 0.50% p.a. discount is for qualifying energy efficient vehicles and equipment, and applies to the rate you would normally have paid for the equipment you wish to finance.
The Asset Finance Terms and Conditions are available here.
