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

Competitive interest rates

You'll get fixed interest rates and repayments for the term of your loan.

Energy efficient finance discount

Receive a 0.50% discount when you choose to finance qualifying energy efficient vehicles and equipment.

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

Ready to apply?

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.