Finance question
What interest rate can I get on equipment finance?
It depends on the asset, the term and your business profile, so there is no single rate. Because equipment finance is secured by the asset, it usually prices better than unsecured business borrowing. The way to get a keen rate is to have lenders compete, which is what we do across 40+ lenders. We quote your actual deal rather than a headline number.
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The short answer
Your rate is priced, not advertised
There is no one rate for equipment finance, and any broker who quotes a single number before seeing your deal is guessing. The rate is built from the asset you are buying, the term you choose, the age and type of the equipment, and your business and credit profile. Change any of those and the rate moves. That is why a real quote beats a headline figure every time.
The good news is that equipment finance starts from a strong position. Because the asset secures the loan, the lender's risk is lower than on unsecured borrowing, and that usually shows up as a keener rate. A newer, mainstream asset like a vehicle or common machine tends to price better than an older or more specialised one, because it is easier for the lender to value.
Where a broker earns the rate is competition. Instead of accepting one lender's number, we place your deal across 40+ lenders and let their different appetites work for you. One lender may love your asset and profile while another prices it high, and shopping it is how you find the keen one. We are paid by the lender on settlement, so this costs you no upfront fee.
What sets your rate
The inputs a lender prices on.
The asset
Type, age and how easy it is to value.
The term
How long you spread the finance over.
Your profile
Business history and credit shape the price.
Lender appetite
40+ lenders price the same deal differently.
Why competition gets you the keener rate
Secured means sharper
The asset lowers the lender's risk, which lowers your rate.
Lenders disagree on price
What one prices high, another prices to win your deal.
We quote the real deal
A rate built on your asset and profile, not a headline number.
A real example
A cabinetmaker wants a $45,000 CNC machine. The first lender prices it cautiously because the asset is specialised. Placed across the panel, a lender comfortable with that machine and his trade comes back sharper, on a term that suited his cash flow. Competition found the keener rate. Illustrative only.
Common questions
Frequently asked questions
Can you just tell me the rate?
Not honestly, not before seeing the deal. The rate depends on the asset, term and your profile. We quote your actual deal across 40+ lenders rather than a headline figure.
Why is equipment finance often cheaper than unsecured lending?
Because the asset secures it. That lowers the lender's risk, which usually shows up as a keener rate than unsecured business borrowing.
Does the type of asset change the rate?
Yes. Newer, mainstream assets like vehicles and common machinery tend to price better than older or specialised ones, because they are easier to value.
Does getting a quote cost anything?
No. We are paid by the lender on settlement, so there is no upfront fee for shopping your deal across the panel.