Loan Products
Our experienced team make it is easy to obtain finance at affordable repayments to suit you. We can assist you to:
- Obtain the best finance rate
- Work out repayments to suit your budget
- Work through all the options available to assist you with your purchase
Consumer Loans
Consumer Loans are secured with a fixed interest rate. These loans are generally over a period of 5 years and can be up to 7 years. Secured loans require comprehensive insurance.
Benefits include:
- Daily reducible interest
- Minimal fees and Charges
- No penalty for extra repayments
Finance Leases
Finance leases are available to businesses through a loan agreement/contract between a lender and a business. In the agreement the business has the exclusive use of the vehicle, while the lender retains the legal title of the vehicle. This type of loan will have a Residual Value at the end of the term.
Benefits include:
*Please seek advice from your Accountant to check for eligibility
Commercial Hire Purchase
Commercial hire purchase finance is applicable to both individuals and businesses that use the vehicle predominantly for business purposes. The finance provider purchases the vehicle and ‘hires’ the vehicle to the business for a fixed monthly repayment over a set period.
The business has the option to purchase the vehicle at the end of the term once any residual balance and interest charges have been paid. Comprehensive insurance is required for this loan.
Benefits include:
- GST claimed as you go through the period of the loan*
- Depreciation claimed on vehicle through period of offer*
- All running costs claimable*
- Reduce the amount borrowed by using a deposit
- Residual value optional
*Please seek advice from your Accountant to check for eligibility
Chattel Mortgage
Chattel Mortgages are available to businesses. This loan agreement is a commercial loan where the lender loans money to a business to purchase a vehicle (chattel) and secures the loan with a mortgage over the vehicle. Comprehensive insurance is required for this loan option.
Benefits include:
- GST claimed upfront as a tax input credit*
- Depreciation claimed on vehicle through period of mortgage*
- All running costs of vehicle of claimable*
- Residual value optional
*Please seek advice from your Accountant to check for eligibility
How we can assist you?
For assistance in working out repayments to suit your budget you can:
- Contact us to discuss options to suit you
- Decided on your loan? Fill out our loan application form online