ABN Loans Australia - Compare Rates from 50+ Lenders

The right ABN finance depends on what you need the money for. A tradie buying a ute needs vehicle finance. A café owner covering a slow month needs a short-term business loan. A landscaper buying a mini excavator needs equipment finance.

Each product type has different rates, terms, and documentation requirements.

For a detailed guide to each type, see ABN Business Loans: A Complete Guide.

ABN car loans let you finance a vehicle through your business with rates from 5% for secured finance. You can borrow $5,000 to $500,000 for new or used cars, utes, vans, and trucks, with terms from 1 to 7 years.

Financing a vehicle through your ABN comes with real tax advantages. If your business is GST registered (turnover above $75,000), you can claim back the GST on the purchase price, up to $6,334 on passenger vehicles for 2025-26. You can also claim depreciation and interest as business expenses, which can reduce the effective cost by 30% or more depending on your tax bracket. Speak to your accountant about how these deductions apply to your situation.

Three main finance structures are available for ABN car loans: chattel mortgage, hire purchase, and finance lease. Chattel mortgage is the most common for ABN holders because you own the vehicle from day one and can claim the GST credit upfront.

For eligibility details, see ABN Car Loan Requirements. For a full breakdown of the tax advantages, see ABN Car Finance: Tax Benefits and How to Qualify.

Your borrowing capacity depends on your ABN age, monthly turnover, credit history, and whether you provide security. As a general guide, most unsecured lenders offer 1 to 1.5 times your monthly turnover for short-term business loans.

For a business turning over $20,000 per month, that means unsecured borrowing capacity of $20,000 to $30,000. Secured loans open up higher amounts because the lender's risk is lower.

Turnover requirements vary by lender. Most non-bank lenders ask for minimum monthly deposits of $5,000 to $10,000 in your business bank account. For more detail on what lenders look at, see How to Get a Loan with Just an ABN.

To apply for an ABN loan in Australia, you need an active ABN (minimum 3 to 6 months old for most non-bank lenders), 3 to 6 months of business bank statements, a credit score above 500, and photo ID.

Full-doc applications give you access to lower rates and higher limits. But if you don't have tax returns or accountant-prepared financials, low-doc options through non-bank lenders can work with bank statements alone.

For a closer look at how low-doc ABN loans work, see ABN Loans with No Financials Required.

You can get an ABN loan with bad credit in Australia, but your options narrow and rates increase. Specialist non-bank lenders on Emu Money's panel assess your business cash flow and trading history alongside your credit file, not just the score alone.

Expect to pay higher rates, typically 15% to 25% for unsecured bad credit ABN loans, compared to 10% to 15% for applicants with clean credit. Borrowing limits are usually lower too, capping at $50,000 to $100,000 for unsecured products.

Providing security improves your chances. If you can offer a vehicle, equipment, or property as collateral, lenders are more willing to look past credit issues because their risk is reduced. Secured ABN loans with impaired credit typically attract rates from 8% to 15%.

The strongest factor working in your favour is recent trading performance. If your bank statements show consistent deposits over the past 3 to 6 months, many lenders will weight that more heavily than older credit events.

The fastest ABN loan approvals happen when lenders can verify your information quickly. Non-bank lenders regularly approve applications within 24 hours when the documentation is clean and the numbers stack up.

Before you apply, check that your business bank account shows at least 3 months of consistent deposits with no dishonoured payments. Lenders flag these immediately.

Keep your personal and business banking separate. Mixed accounts create extra work for assessors and can delay decisions by days.

Getting matched with the right lender from the start avoids wasted applications and unnecessary credit enquiries. Emu Money compares your profile against 50+ lenders before submitting, so you're only applying where approval is likely.