Estimate chattel mortgage repayments on any business asset. Pick the asset class and we'll estimate the rate. Adjust term, balloon and frequency. Your numbers update live.
Select an asset class above to load the estimated market rate.
The calculator applies an indicative rate for the asset class you pick, then amortises it over the term and repayment frequency you choose. It is a model, not a quote, and it does not run a credit check or touch your file.
A balloon or residual lowers the repayment now and leaves a lump sum at the end, so use it deliberately rather than to make a number look better. Whatever you leave at the end still has to be paid or refinanced.
Deposit or full invoice. You can put money down or fund the whole invoice. A deposit is a cashflow decision here, not a condition of approval.
The single biggest lever is security. 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. If you own property and are willing to use it, the same purchase gets materially cheaper.
After that: how long the ABN has been trading, whether the asset is bought from a dealer or privately, and the asset itself. New and used are both funded, so used equipment is not the obstacle people expect.
These are indicative ranges for business finance, not an offer. Your rate depends on the deal and is subject to credit approval.
A chattel mortgage is a business loan secured by the asset you are buying: you own it from day one, the lender registers a security interest and releases it when the loan is paid out. Fixed rate, fixed term, usually two to seven years, with an optional balloon to bring the repayment down. It is the structure this calculator models.
Rates follow security rather than the asset: roughly 6% to 9% p.a. with property backing, 9% to 13% without. The GST and tax treatment of a chattel mortgage versus a lease is a question for your accountant.
Under a chattel mortgage you own the asset from day one and the lender holds security over it. Under a lease the lender owns the asset and you pay to use it. Most Australian businesses buying vehicles or equipment use a chattel mortgage.
A balloon lowers each repayment but leaves a lump sum owing at the end, and interest accrues on the balance it represents. Run the calculator with and without one to see both totals.
No. It is an estimate so you can sanity check a purchase before you commit. A real quote comes back from the lender panel once we know the asset, the deposit and how long you have been trading.
No. Nothing here runs a credit check. Your file is only touched once you apply and give us permission.
Approvals come back as fast as 24 hours on straightforward deals. The things that slow it down are missing paperwork and private sales that need extra verification.
Yes. New and used are both funded, from dealers or private sellers. On used machinery, service history and hours matter more than age.
Leave your details and one of our partners will come back with an exact rate for your deal. No obligation. No automated responses.