Chattel Mortgage across Australia

Australia's most popular business finance structure. You own the asset from day one, claim depreciation and interest as tax deductions, and pay the lender off over an agreed term.

We are a finance broker, not a lender. One application goes to a panel of more than 40 lenders, so you get the structure and rate that actually fit your business. Find your city below, or talk to a broker now.

What gets financed. This is a structure rather than an asset class. You own the equipment from day one and the lender takes a mortgage over it as security. It is the most common way Australian businesses buy vehicles, trucks, plant and machinery.

New or used. Works on new and used equipment alike, and on dealer or private sales. A balloon or residual at the end can be used to bring the monthly repayment down, though you need a plan for paying or refinancing it when it falls due.

What moves your rate. Because you own the asset and the lender holds security over it, a chattel mortgage generally prices better than unsecured borrowing for the same amount.

As a general rule, where the facility is backed by property you should expect 6% to 9% p.a. Without property security, expect 9% to 13% p.a. That gap is the single biggest lever you control: if you own property and are willing to use it, the same purchase gets materially cheaper.

These are indicative ranges for business finance, not an offer. Your actual rate depends on the deal and is subject to credit approval.

Deposit. You can put a deposit down, or we can fund the full invoice. Both are available, so a deposit is a choice about cashflow rather than a barrier to getting approved.

New or used. Both are funded. Used equipment is normal in this market and does not need a different conversation.

Speed. Approvals come back as fast as 24 hours on straightforward deals.

Tell us what you are financing and we will come back with the sharpest option from our panel.