Equipment Finance

Whether you need a new vehicle, plant or machinery, we're in your corner

At fundfin., we understand that staying productive in today's fast-moving business environment often depends on having the right equipment in place. Whether you're acquiring new assets or upgrading existing ones, our tailored equipment finance solutions give you access to a wide panel of banks and lenders across Australia - so you can secure terms that genuinely work for your business.

We know that time matters when it comes to equipment decisions. That's why our application process is structured to move efficiently, keeping the focus on what counts - getting your business the tools it needs to operate and grow. From office equipment and work vehicles to specialised machinery such as trucks, trailers, excavators, tractors, graders, cranes and dozers, we work across a broad range of industries and asset types.

Interest rates and loan structure are critical factors in any equipment finance decision. We work closely with each client to identify repayment structures - including fixed monthly repayments - that support healthy cashflow. Whether a chattel mortgage or hire purchase agreement suits your situation, we'll walk you through the implications of each so you can make a confident, informed choice.

Collateral is another key consideration. Many businesses use existing assets such as vehicles or factory machinery to strengthen their application and access more favourable terms. Understanding how collateral influences your borrowing position can make a meaningful difference to the overall cost of your finance. Our team provides clear, practical guidance through every stage of this process.

Equipment finance decisions should always align with your broader business strategy. By accessing finance options tailored to your industry and growth stage, you can invest in the tools that drive productivity and operational capacity - whether that means expanding a vehicle fleet or upgrading machinery to meet rising demand. Explore how our business loans and asset finance options complement equipment finance as part of a complete funding strategy.

When you're ready to move forward, our team is here to help you find the right structure for your needs. We also assist with commercial loans and car loans for businesses requiring broader finance solutions. Book an appointment today and let's work through your options together.

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How Equipment Finance Works

1. Initial Consultation

Your equipment finance journey starts with a conversation. We'll discuss what you're looking to acquire, your business objectives, and your current financial position. This gives us a clear picture of the right finance structure for your situation and helps us identify the most suitable lenders from our panel across Australia.

2. Financial Assessment

We'll review your income, expenses, assets, liabilities, and credit history to determine your borrowing capacity and the loan amount that's appropriate for your needs. We'll also explain key considerations such as loan-to-value ratio, interest rate structures, and any implications for your business cashflow.

3. Exploring Finance Options

With a clear understanding of your financial position, we'll compare equipment finance products across multiple lenders - assessing interest rates, fees, repayment terms, and loan features. We'll explain the differences between options such as chattel mortgages and hire purchase agreements so you can choose the structure that aligns with your business plan.

4. Pre-Approval

Before committing to a purchase, we can seek pre-approval from a lender to confirm how much you're able to borrow. This gives you a defined budget and the confidence to move quickly when the right asset becomes available.

5. Submitting Your Application

Once you've selected the right finance product, we manage the formal application on your behalf. We handle the paperwork, gather supporting documents, and liaise directly with the lender throughout the process - keeping you informed at every stage.

6. Approval and Next Steps

When your finance is approved, we'll walk you through the loan agreement, confirm all terms and conditions, and help you set up repayment arrangements that work for your cashflow. We'll also advise on any relevant insurance considerations to protect your asset.

7. Settlement and Asset Acquisition

Once everything is in order, the finance is settled and you take possession of your equipment. From here, we remain available to support you as your business grows and your finance needs evolve.

MW

Maria Wolfenden

James took away all the stress and hassle of finding an easy to manage loan with a straight forward processs and clear directives. As it's turned out, I've learnt that online banks usually have the best deals ... and that's where I'm set up. Feeling settled in my new home and a loan that I can easily manage from my phone.

HH

Harry Hills

This is now our 7th loan we have gone through with FundFin inc vehicles, investment properties and developments - every time its the easiest part of the project working with FundFin - recommend to your friends and family the great team at FundFin

RG

Rebecca Gray

We had a fantastic experience working with James. From start to finish he was nothing but professional and an absolute pleasure to deal with. He kept us updated throughout the entire process, always making sure we knew exactly what was happening at each stage. No question was ever too much trouble. He took the time to answer everything clearly and helped guide us whenever we were unsure or didn’t fully understand something. His support and patience really made the whole process less stressful. We would highly recommend James to anyone looking for a reliable and knowledgeable broker. We truly appreciate all the help and cannot thank him enough for everything he has done for us. Craig & Bec

Frequently Asked Questions

I've heard about an offset account. What is this and what's the difference between offset and redraw?

An offset account is a transactional account that sits against the loan. Any funds held in this account go to offsetting interest payable on the loan. For example, if your loan balance was $100,000 and you held $90,000 in your offset account, you would only be paying interest on $10,000. While the principal reduction repayments would remain the same, you would pay less interest over the life of the loan, thereby reducing the overall loan term saving you thousands or more! As with any everyday transactional account the funds are accessible at any time.

Generally if you are on a fixed rate loan you won't have access to an offset account however some lenders offer niche products that allow you to offset all or part of the fixed loan.

Redraw is where you make additional repayments above the minimum required as part of your loan contract. Some lenders allow you to draw on these additional repayments as required (sometimes for a fee) however this may impact on your loan balance and the interest payable.

I already have relationship with a lender. Why use a mortgage broker?

Mortgage brokers operate independently of any financial institution. We're not locked into any relationships with specific lenders and want you to have the most competitive option based on your own unique set of circumstances. There is no 'one fit' solution for any client and we aren't limited to one lender's suite of products.

Best of all - there is no cost to you to use our service!

Can I cash out the equity I've built up in my existing property?

Yes you can. It comes down to the purpose and use of funds, as dictated by the appropriate lending guidelines.

For example, residential loan cannot be used for business purposes and vice-versa. We can assist in determining what loan is most suitable for your circumstances.

I have a low deposit. Do I have to pay lenders mortgage insurance?

Not necessarily! Lenders Mortgage Insurance (LMI) is a premium charged by the lender's insurer for customers who need to borrow money above the maximum thresholds set by the insurer. Usually this is for loans above 80% loan to value ratio (LVR). However, some lenders offer LMI waivers for clients with certain professional qualifications up to 95% LVR, and other lenders may offer an alternate interest rate for customers with lower deposit without charging an LMI premium. There are also government backed first home buyer schemes which may allow for a deposit of 5%.

If you have any existing properties, you could also use the equity towards some or all of the deposit, including any associated costs such as stamp duty.

Some lenders also offer family pledge, or guarantor products where you can use the equity in a family member's home to borrow up to 100% of the purchase price plus costs.

My borrowing power is X and my repayments are Y. I know I could easily afford more than that per month!

Borrowing power is determinant on several factors. These can be a combination of, but are not limited to;

The lender
Your income (including rental income, pensions or super annuities, and government payments)
Your existing liabilities, such as credit cards, personal loans and HECS debts
Your monthly living expenses, fixed and discretionary

Lenders stress test the ability to afford loan repayments by running the loans against a floor rate, which is usually a couple of percentage points above the current market rate. This is to safeguard you in the event that if interest rates were to rise, you could still afford to make your repayments without experiencing significant hardship. Some lenders' floor rates are higher than others, meaning that you may be able to borrow more with Lender A than Lender B.

Existing debts, such as credit cards will also have an impact on how much you can borrow. While a $10,000 credit card might not seem like a lot in the scheme of things, it could be the difference of tens of thousands of additional borrowings on your home loan! This is where we can guide you to find the right options to suit your circumstances.

I'm a first home buyer, can you help?

Absolutely - we can guide you through the entire process, from how much you can borrow, to first home buyers concession eligibility, putting you in touch with conveyancers and much, much more!

I've heard some lenders are offering rebates to clients refinancing. Can you help with this?

Absolutely, however it is important to note about what your goal actually is. For the sake of a few thousand dollars is it worth paying a few basis points more where any cash gain you have made will be eroded by the additional interest you're paying. If you have entered in to a longer loan contract, then you will likely end up paying more interest over the life of the loan, even if your initial rate is lower than what you were on.

Many lenders are offering rebates between $1000 and $4000 and some of these multiply per property refinance. We can discuss these options with you in your initial enquiry.