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 Australia
Business Equipment Loan

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.

1.

Apply online in minutes

Share your business details and the equipment you need.

2.

Get matched offers

Receive tailored quotes from multiple Australian lenders.

3.

Choose your loan

Compare rates, terms and repayment structures that suit your cash flow.

4.

Get approved & funded

Approval and settlement often within 24–72 hours.

How Equipment Finance Works

Backed by over 50+ lenders

Giving you the best chance of being approved.

Affordable Car Loans
Alex Bank
Angle Finance
ANZ
Australian Motorcycle & Marine Finance
Australian Premier Finance
Automotive Financial Services
Azora
Bank of Melbourne
Bizcap
BOQ
Branded Financial Services
Capify
Capital Finance
CarStart Finance
CFI
Dynamoney
EarlyPay
Equity Tap
Finance One
Finstro
Firstmac
Flexi Commercial
Green Light Auto
Grenke
Latitude
Liberty
Lumi
Metro
Money3
MoneyMe
MoneyPlace
Morris Finance
Moula
Multipli
Now Finance
Pepper Money
Plenti
Prospa
Resimac
ScotPac
Selfco
Shift
SocietyOne
UME Loans
Vestone
Westpac
Wisr
Yellow Gate

Ready to get started?

Compare equipment finance options from 50+ lenders with one simple application.

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.

Loan Amount$5,000 - $2,000,000
Term12 - 84 months
Interest RateFrom 6.59%
Time to Fund24 - 48 hours
EligibilityABN registered, GST registered (if applicable), Australian Citizen or PR
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.

Loan Amount$5,000 - $2,000,000
Term12 - 84 months
Interest RateFrom 6.59%
Time to Fund24 - 48 hours
EligibilityABN registered, GST registered (if applicable), Australian Citizen or PR
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.

Loan Amount$5,000 - $2,000,000
Term12 - 84 months
Interest RateFrom 6.59%
Time to Fund24 - 48 hours
EligibilityABN registered, GST registered (if applicable), Australian Citizen or PR
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

Equipment Finance 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.

Loan Amount
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Establishment Fee
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Interest Rate
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Total amount to repay
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Your repayments
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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

VerifiedVerified Review

Emu Money does a really good job when it comes to their services. It was pretty easy and smooth, less stressful, quick, Cristal clear, very friendly, to the point...etc I would highly recommend them for anyone My agent was Eujin who made my dream come true with what I wanted achieved. Thanks heaps and all the very best. Regards Lankesh

Lankesh S.

Review posted on 2025-08-06

VerifiedVerified Review

Incredibly seamless experience! Highly recommend

Tracy W.

Review posted on 2024-01-03

VerifiedVerified Review

I was completely impressed with their professionalism and customer service.. highly recommend. Special Mention to Ray thank you for assisting me in this journey

David A.

Review posted on 2023-11-08

VerifiedVerified Review

I made an enquiry with emu money and within 30 minute's, I had Ryan call me. He got the ball going straight away, and made everything so easy and was always keeping me updated with texts. I can not recommend this guy enough! Thanks again Ryan!

Ruairi M.

Review posted on 2023-09-27

VerifiedVerified Review

Brad was fantastic, he goes above and beyond with his service and makes sure you get results. Amazing asset to this company, look forward to working closely in the future.

Zachary

Review posted on 2023-11-01

VerifiedVerified Review

Emu Money is fantastic! I had Evie secure my personal car loan, and throughout the whole process she was very transparent. She gave me a comprehensive breakdown of the contract and guided me through the process. She's always available to chat, and is dedicated to her clients. She even advised me about my cash out limit that I didn't think of, which would've delayed me getting my car by another day. This reminded me to go to the bank directly. Her advice helped me a lot!

Akwesi A.

Review posted on 2025-09-23

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.

What types of equipment can I finance?
Do I need collateral?
Can I finance used equipment?
How quickly can I get funded?
Are there tax benefits?