Compare Machinery Finance Options from 50+ Australian Lenders
Access essential machinery and equipment without large upfront costs. Get personalised quotes in minutes with no impact on your credit score.
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Machinery Finance Made Simple
Finance new or used machinery with tailored options for Australian businesses. Preserve cash flow while upgrading equipment that drives efficiency and growth.
Borrow With Confidence
Amounts from $10,000 to several million
Flexible Terms
1 to 7 year loan terms available
Fast Approval
Funding often within 24–48 hours
Secured by Equipment
Lower rates when loans are backed by machinery
Industry Coverage
Construction, manufacturing, transport, healthcare and more
Tax Benefits
Potential deductions on interest and depreciation
How Machinery Finance Works
We connect you with lenders that specialise in machinery and equipment loans, so you can compare and apply with confidence.
Apply online in minutes
Enter details about your machinery purchase and business needs.
Get matched offers
Receive quotes from multiple lenders suited to your industry.
Choose your loan
Compare terms, rates and repayment options to select the best fit.
Get approved & funded
Approval and funding can occur within 24–48 hours.
Backed by over 50+ lenders
Giving you the best chance of being approved.
A quick guide to machinery finance
Machinery finance helps Australian businesses acquire essential equipment without tying up capital. Repayments are spread over time, freeing cash for staff, operations, or growth initiatives.
Loans are usually secured against the machinery, allowing lenders to offer competitive rates and larger borrowing limits. Terms typically range from 1 to 7 years, with flexibility in repayment frequency.
Finance covers a wide range of industries: construction firms can acquire cranes and excavators, manufacturers can upgrade CNC machines, logistics companies can expand vehicle fleets, and healthcare providers can fund diagnostic systems.
For businesses of all sizes, machinery finance provides access to modern, reliable equipment that supports productivity and growth without financial strain.
Want to skip ahead?
This guide is broken down into the following sections. Click a link if you want to skip ahead.
Types of machinery finance
Here are the most common machinery finance products available to Australian businesses:
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.
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.
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.
What can I use machinery finance for?
Machinery finance can be applied across a wide range of industries and equipment needs:
Equipment Purchase
Buy new or used machinery essential for your business operations.
Upgrade or Replacement
Replace ageing machinery with modern, efficient models to boost productivity.
Expansion Projects
Acquire additional equipment to support business growth and new contracts.
Technology Investments
Invest in automation, robotics, or advanced manufacturing machinery.
Construction Equipment
Fund excavators, cranes, bulldozers and other heavy machinery.
Manufacturing Equipment
Finance CNC machines, 3D printers, or full production lines.
Transportation Vehicles
Acquire trucks, vans, forklifts and other transport machinery.
Medical Equipment
Healthcare providers can finance diagnostic, imaging or surgical machines.
Agricultural Machinery
Fund tractors, harvesters, and irrigation systems for farming.
Hospitality Equipment
Purchase kitchen equipment, refrigeration, or large appliances for service businesses.
Case Study
Sanjay Patel, Brightside Constructions
Scaling a Construction Firm with Machinery Finance
Industry: Construction
Challenge: Unable to take on larger projects due to outdated and limited equipment.
Solution: A 5-year chattel mortgage secured against two new excavators and a crane.
Sanjay runs a mid-sized construction company in Queensland. He faced frequent downtime and lost contracts due to ageing equipment. Through Emu Money, he compared lenders and secured a 5-year chattel mortgage for new excavators and a crane. Repayments were structured to align with project cash flow. With modern machinery, the company improved efficiency, won larger contracts, and grew revenue significantly — while managing repayments predictably.
How much can I borrow with machinery finance?
Machinery finance in Australia typically ranges from $10,000 for smaller equipment to several million dollars for large-scale projects. The borrowing limit depends on machinery type, cost, age, and your business’s financial position.
Because the loan is usually secured against the equipment, lenders can offer higher borrowing limits and better rates than unsecured products.
Machinery Finance Repayment Calculator
Estimate repayments and total cost. Adjust loan amount, term and rate to plan cash flow before you apply.
Balance over time
Am I eligible for machinery finance?
Eligibility depends on the machinery type and your business’s financial health. Lenders assess turnover, bank statements, and repayment history before approving applications.
You may be eligible if you are:
An Australian citizen or permanent resident
Over 18 years old
Running a registered business
Able to provide recent bank statements
Hold an ABN (and GST registration if required)
How to apply for machinery finance
Apply online in minutes and get quotes from multiple lenders. Select your preferred option, upload documents, and funding is often arranged within 24–48 hours.
Documents you may need:
ABN and GST registration details
Photo ID (driver’s licence or passport)
Recent business bank statements
Tax returns or financials (for larger loans)
How to save money on machinery finance
To save on machinery finance, compare offers from multiple lenders. Shorter terms reduce interest but mean higher repayments, while longer terms ease cash flow but increase costs.
Check for establishment or early repayment fees that add to total expenses. If your business has strong revenue, making additional repayments can cut interest costs.
Align repayment schedules with your cash flow cycle to avoid late fees and financial stress.
Example: $250,000 financed at 7.95% p.a.:
| Term | Repayment Amount | Total Amount to Repay |
|---|---|---|
24 months | $11,281 | $270,744 |
36 months | $7,813 | $281,288 |
48 months | $6,125 | $294,000 |
60 months | $5,031 | $301,844 |
Understanding machinery finance options
Machinery finance products can differ in structure and cost. Here are key features to understand before applying:
Security: Asset-backed
Loans are usually secured against the machinery, lowering lender risk and improving rates.
Personal Guarantee
Some lenders require directors or owners to provide a personal guarantee for added security.
Term: Fixed vs Revolving
Most machinery loans are fixed-term, though revolving credit lines may be available for ongoing purchases.
Interest Structure
Fixed interest rates are common, providing repayment certainty. Variable rates are less common but possible.
Fees & Charges
Establishment fees, ongoing charges, and early termination costs can apply. Compare carefully.
Repayment Frequency
Repayments may be weekly, fortnightly or monthly. Align with your cash flow cycle for easier management.
Testimonials
Verified Review
⭐⭐⭐⭐⭐ The process with Emu Money has been fantastic — completely stress-free and very professional. Their document requirements were clear and straightforward, with everything explained step by step. Once we submitted our paperwork, the response was quick, and the whole process was easy to follow. We’re very happy with the experience and highly recommend Emu Money for any commercial loan needs
Pratik P.
Verified Review
S. B.
Verified Review
We recently had the pleasure of working with Eujin to secure a car loan, and we couldn't be more grateful for his assistance. Eujin went above and beyond to ensure we got the best possible terms. His professionalism, dedication, and willingness to help were evident throughout the entire process. Thank you, Eujin, for making this experience smooth and stress-free. Highly recommend his services!
Bstl 1.
Verified Review
Robyn has been brilliant to work with. Made everything easy from the start and explained the details of the loan in depth before submitting the application. Called Robyn Monday morning to discuss possible loan for car and drove my new car home Thursday afternoon with a finance rate better than what the car dealer was offering. Would highly recommend Robyn and emu money for future loans
Patrick B.
Verified Review
Dat N.
Verified Review
I had the absolute pleasure of working with Bindiya Patel, and I can’t thank her enough for her immense help and outstanding service throughout the entire finance process. From the very beginning, she was professional, patient, and extremely knowledgeable, guiding me through every detail with genuine care. Bindiya went above and beyond to make sure everything was handled smoothly and efficiently. Her communication was always clear and prompt, and she made what could have been a stressful process feel easy and comfortable. I truly appreciate her dedication, honesty, and the personal touch she brings to her work. I would highly recommend Bindiya Patel to anyone looking for a trustworthy and supportive finance agent. She is simply amazing at what she does!
Jananie V.
Frequently Asked Questions
Machinery Finance FAQs
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