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. Get a fast online quote to see how much your repayments and interest will be.

Energy efficient finance discount

Receive a 0.70% discount when you choose to finance qualifying energy efficient vehicles and equipment.

Apply in four easy steps

1

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

2

Simple application

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

3

Sign your documents online

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

4

Get funding within four hours of signing

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

Equip

Get exclusive insights into trends shaping the equipment finance market, with a focus on four key industry sectors, agriculture, construction, healthcare and transport.

Tell me more

Tractor on a farm

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.