Finance question
Can I get equipment finance in time for the EOFY deadline?
Often yes, if you move early. Equipment finance can be approved in 24 to 48 hours on clean deals, which leaves room to settle before June 30. The tighter it gets to the deadline, the more it pays to start now, subject to lender assessment.
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The short answer
Fast approvals beat the June 30 rush
End of financial year drives a lot of equipment buying, and the good news is that asset finance moves quickly. On a clean, well-presented deal, approvals often come through in 24 to 48 hours, so there is real room to get an asset in and settled before June 30.
The catch is the calendar. As the deadline nears, lenders and suppliers get busy, so leaving it to the last week narrows your options. Starting a week or two out gives time for approval, documents, supplier invoicing and settlement without a scramble, and keeps the whole thing calm.
Low-doc and no-doc structures help here. Not having to pull together full financials removes a common bottleneck, and a broker running the deal across 40+ lenders can go straight to the one most likely to approve and settle fast. Speed is about preparation, not luck.
Do you qualify?
What keeps an EOFY deal moving.
An early start
The sooner you begin, the safer the deadline.
A chosen asset
A specific vehicle or machine with a supplier quote ready.
An active ABN
Sole traders and companies both qualify.
Documents on hand
Quick access to what the lender asks for avoids delays.
Why the timing usually works
24 to 48 hour approvals
Clean deals move fast, leaving room to settle.
Low-doc removes a bottleneck
No full financials means fewer things to chase.
Straight to the right lender
A broker skips the ones that will not settle in time.
A real example
A builder decides in mid-June to buy a $70,000 excavator before year end. The deal is clean, the ABN is active and the quote is ready. Submitted to a fast lender, approved inside two days, documents signed and settled with room to spare before June 30. Illustrative only.
Common questions
Frequently asked questions
How fast can equipment finance be approved?
On clean deals, often within 24 to 48 hours. Settlement then depends on documents and the supplier, so an early start keeps June 30 in reach.
How late can I leave it before EOFY?
The earlier the safer. Approvals move fast, but supplier invoicing and settlement take time, so the final week is a squeeze best avoided.
Does low-doc make it faster?
It can. Not having to compile full financials removes a common delay, subject to lender assessment.
Can a broker speed things up?
Yes. Going straight to a lender likely to approve and settle quickly avoids wasted enquiries as the deadline nears.