About this offer

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. 

Features & benefits

Control your costs

We’ll look at your cash flow and business structure to work out a range of finance options for your business.

Funding within four hours

Once your application is approved, you’ll get the funds within four hours of signing your contract online. 

Get the right deal for you

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’re with you even if things change

We’ll try our best to make things easy, and work with you to manage your finance, even if your business circumstances change.

Equipment & car finance

  • Most popular
  • Own the asset now and pay it off
  • No GST on loan repayments
  • You may be able to claim GST input tax credits and the depreciation and interest components of the repayments

  • Hire an asset from the Bank while you pay it off
  • You may be able to claim input tax credits for the GST payable on interest and fees included in the price of the hire purchase

  • Lease an asset from the Bank with the option to own it later
  • You may be able to claim input tax credits for rental and other charges that are subject to GST

Negotiate a better deal

Bargaining power

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?

Drive away on your terms

Negotiate your finance and vehicle separately and it could save you thousands up front or over the course of your loan. You can apply online or over the phone to lock your finance rate in and get a conditional pre-approval2 that allows you to go shopping for up to 90 days.

Novated lease

  • Popular with employees
  • Suitable for cars
  • A personal salary sacrificed business car lease
  • Payments are taken out from your pre-tax salary through your employer
  • Unlimited personal use of the vehicle

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Who can apply?

You can apply 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)

And your business has:

  • Been trading for more than 12 months
  • A good credit rating and is not going through the process of bankruptcy

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


Simple application

Eligible CommBank customers can receive a conditional credit decision2 online (otherwise we'll call you to process your application).


Sign your documents online

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


Get funding within four hours of signing

Leave the rest with us and we’ll transfer the money to your supplier within four hours of you signing your agreement online.

Get a 0.50% discount on energy efficient vehicles3

Reduce your energy costs and claim a 0.50% discount when financing the latest fuel and energy efficient cars and equipment.

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Things you should know

This information is current as at 1 March 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.

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 April 2021. Rates are subject to change. Fees, charges, terms, conditions and lending criteria apply.

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