Features & benefits

  • Own the car or equipment

    You own the car or equipment and we’ll take a mortgage on it as security for your new loan.

  • Stay in control of your costs

    • Choose to pay monthly over two to five years
    • Customise your repayments with a balloon payment at the end of the agreement.
  • Potential tax benefits

    You may be able to claim input tax credits for the GST included in the car or equipment’s price, and claim the depreciation and interest parts of your repayments.

Customise your repayments

To structure a repayment amount that suits, you have the option to choose a balloon payment (the remaining balance owed on your loan, at the end of your loan term). 

Balloon payment

With balloon payment

  • Your monthly repayments will be lower
  • You’ll pay more interest

No balloon payment

Without balloon payment

  • Your monthly repayments are higher
  • You pay less interest
  • No lump sum to pay at the end of the loan term

Rates & fees

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 when you tell us:

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


Simple application

Eligible CommBank customers can receive a conditional credit decision online. Otherwise we’ll contact you to process your application over the phone. 


Sign your documents online

Once approved, you can sign your finance agreement online with our SmartSign paperless technology.


Get funding within four hours of signing

We'll transfer the money to your supplier within four hours of you signing your agreement online. 

Things you should know

  • The information on this page is for general information purposes only and has been prepared without considering your objectives, financial situation or needs. You should, before acting on the information, consider its appropriateness to your circumstances.

    Applications are subject to the Bank’s normal credit approval and suitability of the asset. Fees, charges and conditions apply. Full terms and conditions will be provided with any agreement upon credit approval.

    Taxation considerations are general and based on present taxation laws and may be subject to change. You should seek independent, professional tax advice before making any decision based on this information.