Compare Equipment Finance from 50+ Australian Lenders
Finance the machinery, vehicles and technology your business needs without tying up cash. Compare tailored quotes in minutes with no impact on your credit score.
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Equipment Finance Made Simple
Upgrade, replace or expand your business equipment with structured finance solutions. Designed for Australian businesses across transport, construction, healthcare, retail and more.
Borrow With Confidence
Typical amounts from $5,000 to $5 million+
Flexible Terms
Repay over 1 to 10 years
Fast Approval
Funding often within 24–72 hours
Secured by Equipment
Asset-backed loans with sharper pricing
Wide Range of Assets
Machinery, vehicles, IT systems, medical tools and more
Tax & Cash Flow Benefits
Potential deductions for interest and depreciation
How Equipment Finance Works
We match your application with lenders who specialise in business equipment loans, so you can invest without draining cash flow.
Apply online in minutes
Share your business details and the equipment you need.
Get matched offers
Receive tailored quotes from multiple Australian lenders.
Choose your loan
Compare rates, terms and repayment structures that suit your cash flow.
Get approved & funded
Approval and settlement often within 24–72 hours.
Backed by over 50+ lenders
Giving you the best chance of being approved.
A quick guide to equipment finance
Equipment finance helps Australian businesses acquire or upgrade the tools and machinery they need without large upfront payments. Instead, repayments are spread over time, preserving working capital for wages, stock, or expansion.
Loans are generally secured against the equipment, making approvals faster and terms more competitive. Terms can run from 1 to 10 years, with options for balloons, residuals or seasonal structures.
Almost any business asset can be financed — from construction machinery, commercial vehicles and IT systems to medical devices, hospitality equipment and office fit-outs. Whether you’re modernising operations, replacing outdated tools, or scaling production, equipment finance provides a practical, tax-effective solution.
For many businesses, the key benefit is flexibility: you get access to essential equipment immediately, while repayments align with the revenue it generates.
Want to skip ahead?
This guide is broken down into the following sections. Click a link if you want to skip ahead.
Types of equipment finance
Here are the most common equipment finance structures available in Australia:
Chattel Mortgage
A secured loan where you own the asset from day one while the lender holds a mortgage over it as security. Perfect for business equipment, vehicles, and machinery purchases.
Pros
- Immediate ownership of the asset
- Tax benefits - claim GST credits and depreciation
- Flexible repayment terms available
- Lower interest rates due to security
Cons
- Asset serves as security - risk of repossession
- Comprehensive insurance typically required
- Ongoing maintenance responsibilities
Best For
Established businesses looking to purchase equipment, vehicles, or machinery with immediate ownership and maximum tax benefits.
Hire Purchase
A financing arrangement where you hire the asset with an obligation to purchase it at the end of the term. Combines the benefits of gradual ownership with manageable monthly payments.
Pros
- Guaranteed ownership at term completion
- Fixed monthly payments for budgeting
- No large upfront capital required
- Tax benefits available during the term
Cons
- No ownership until final payment made
- Higher total cost than outright purchase
- Asset cannot be sold during the term
- Early termination may incur penalties
Best For
Businesses that want eventual ownership of assets but need to spread the cost over time, particularly suitable for essential equipment with long useful life.
Finance Lease
A lease agreement where you use the asset throughout the lease term with the option to purchase it at the end. Ideal for businesses wanting to preserve cash flow while accessing essential equipment.
Pros
- Lower upfront costs and deposits
- Preserves working capital and credit lines
- Tax deductible lease payments
- Option to purchase at lease end
Cons
- No ownership until lease completion
- Total cost may be higher than outright purchase
- Early termination penalties may apply
Best For
Growing businesses that need equipment access without large capital outlay, or companies wanting to preserve cash flow for operations.
What can I use equipment finance for?
Equipment finance can fund a wide range of business needs:
Construction Machinery
Excavators, loaders, cranes and other heavy equipment for building and civil works.
Commercial Vehicles
Cars, vans, trucks and utes for transport, logistics and service businesses.
Manufacturing Tools
CNC machines, 3D printers and production lines for manufacturing and fabrication.
Technology & IT Systems
Computers, servers, networking, and software upgrades.
Medical Equipment
Diagnostic machines, surgical tools and patient monitoring systems.
Hospitality & Retail
Commercial kitchens, refrigeration, POS systems and shop fit-outs.
Agricultural Equipment
Tractors, harvesters and irrigation systems for farm operations.
Renewable Energy Systems
Solar panels, battery storage and other sustainable technology.
Case Study
Leah Johnson, Brisbane Fabrication Co.
Expanding Capacity with Equipment Finance
Industry: Manufacturing
Challenge: Production bottlenecks caused by ageing machinery and limited output capacity.
Solution: A 7-year chattel mortgage secured against a new CNC machine and supporting tools.
Leah runs a fabrication workshop in Brisbane. Orders were growing, but her outdated machinery couldn’t keep up with demand. Through Emu Money, she secured equipment finance for a state-of-the-art CNC machine with a 7-year chattel mortgage. Repayments were structured monthly to align with customer invoices. The new machine doubled production speed, reduced downtime, and allowed Leah to expand into new contracts while keeping cash flow predictable.
How much can I borrow with equipment finance?
Equipment finance in Australia typically ranges from $5,000 for smaller purchases to $5 million+ for large-scale machinery or vehicle fleets. Borrowing limits depend on the type, age and value of the equipment, as well as your financial profile.
Lenders generally offer up to 100% of the purchase price for new equipment, and 80–90% for used assets. Because the equipment itself serves as collateral, approvals are faster and terms more competitive than unsecured loans.
Equipment Finance Repayment Calculator
Estimate repayments and total cost. Adjust the loan amount, term and rate to plan before you apply.
Balance over time
Am I eligible for equipment finance?
Eligibility is straightforward since the equipment is used as collateral. Lenders assess turnover, bank statements and repayment history when reviewing applications.
You may be eligible if you are:
An Australian citizen or permanent resident
Over 18 years old
Operating a registered business with ABN
Able to provide recent bank statements
GST registered (often required for larger loans)
How to apply for equipment finance
Apply online in minutes and get instant quotes from multiple lenders. Select the option that best fits your needs, upload documents, and receive funding in 24–72 hours.
Documents you may need:
ABN and GST registration details
Photo ID (driver’s licence or passport)
Recent bank statements
Supplier invoice or quote for the equipment
How to save money on equipment finance
Saving money on equipment finance starts with comparing multiple lenders. Shorter terms reduce total interest but increase repayments, while longer terms ease cash flow but increase total cost.
Watch for hidden costs like establishment, documentation or early termination fees. Where cash flow allows, make additional repayments to cut down interest. Align repayment schedules with customer invoicing cycles for smoother management.
Understanding equipment finance options
Equipment finance products differ in structure. Here are the main features to consider:
Security: Asset-backed
Most equipment loans are secured against the asset itself. This reduces risk for lenders, supports higher borrowing limits, and provides more competitive interest rates compared to unsecured products.
Personal Guarantee
Some lenders request a director or owner guarantee alongside the asset security. This adds an extra layer of protection for the lender and may unlock sharper pricing.
Term & Balloon
Loan terms usually range from 1 to 10 years. Adding a balloon or residual payment can reduce repayments, but a lump sum must be settled or refinanced at term end.
Interest Structure
Most facilities are fixed-rate, giving predictable repayments. Some lenders offer variable rates, which may start lower but can rise over time. Choose based on risk appetite.
Fees & Charges
Look out for establishment, documentation, account keeping and early payout fees. Factoring in all charges ensures you know the true cost of financing your equipment.
Repayment Frequency
Repayments can be scheduled weekly, fortnightly, monthly or seasonally. Matching repayments with your cash inflows helps avoid stress and supports smoother cash flow.
Testimonials
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Emu money is fast and reliable Thanks Ryan for your help Highly recommended for your finance needs
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Gabe H.
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Brad and the team at Emu money are fantastic. Highly recommend.
Liam H.
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⭐️⭐️⭐️⭐️⭐️ Evette is amazing. As a sole trader I struggled to get finance for a car, but she worked tirelessly to make it happen and got me a great loan. Even when delays came up with the sellers bank, she kept on top of everything until it was resolved. I am so grateful and would 100% recommend her to anyone!
Sarah S.
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Sham S.
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I was dealing with Ryan and wow 💯 He Helped me all the way from start too Finsh with my application,I would definitely go through these guys again Thanks👌
Phillip U.
Frequently Asked Questions
Equipment Finance FAQs
These helpful FAQs will help you find the answers you need. If you can't find what you're looking for, you can request a callback below.
