This information is current as at 6 September 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 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.
To qualify for the advertised rate of 3.19% p.a. the amount financed must be between $20,000 to $250,000 for equipment and vehicles fixed for 2 or 3 years. Excludes refinancing of existing finance facilities, progressive funding and sale/hire backs. Must be funded by 31 October 2021. Fees, charges, terms, conditions and lending criteria.
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 be similar in class and not 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.