5.0 rating
Typical amounts from $5,000 to $500,000+
Loan terms from 1 to 7 years
Funding often within 24–48 hours
Keep rates low by securing against the asset
Claim deductions on interest and depreciation
From imaging to IT solutions and patient care
Tell us about your practice and the equipment you need. It takes just a few minutes.
Our Lender Match technology finds quotes from multiple lenders suited to healthcare businesses.
Compare interest rates, fees and repayment terms to select the right loan for your practice.
Receive approval and funding within 24–48 hours, so you can upgrade quickly.
Medical equipment finance helps healthcare providers access the technology they need without paying upfront. Instead of tying up capital, repayments are spread over time to preserve cash flow for wages, rent, and patient services.
Loans are usually secured against the equipment, which allows lenders to offer more competitive rates and higher borrowing amounts. Terms often range from 1 to 7 years, and repayments can be structured to align with practice revenue cycles.
Finance can be used across many medical fields: from diagnostic imaging and surgical tools to dental chairs, physiotherapy equipment, and even software like electronic health records or telemedicine platforms.
For doctors, dentists, specialists and clinics, medical equipment finance ensures access to the latest technology, improves patient care, and supports business growth — without financial strain.
This guide is broken down into the following sections. Click a link if you want to skip ahead.
Here are the most common medical equipment finance options available in Australia:
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.
Established businesses looking to purchase equipment, vehicles, or machinery with immediate ownership and maximum tax benefits.
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.
Growing businesses that need equipment access without large capital outlay, or companies wanting to preserve cash flow for operations.
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.
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 can be used across a wide range of healthcare needs:
Acquire X-ray machines, CT scanners, ultrasound systems and other imaging technology.
Purchase essential surgical tools and operating theatre equipment.
Fund patient monitors, ECG machines and other testing equipment.
Finance dental chairs, X-ray machines, and specialist instruments.
Cover the cost of examination tables, patient beds and furnishings.
Acquire rehabilitation and physiotherapy devices such as treadmills and therapeutic tools.
Fund microscopes, centrifuges and analysers for diagnostic testing.
Finance ambulances and mobile clinics to serve remote areas.
Invest in optometry and ophthalmic equipment such as phoropters and lens edgers.
Support electronic health records, management systems and telehealth platforms.
Dr. Emily Tran, Bright Smiles Dental
Industry: Dental Practice
Challenge: Outdated dental equipment impacting patient experience and efficiency.
Solution: A 5-year chattel mortgage secured against new dental chairs and imaging tools.
Dr. Emily runs a busy dental clinic in Melbourne. Her outdated equipment meant longer procedures and patient discomfort. Through Emu Money, she secured finance for new dental chairs and a digital X-ray machine using a chattel mortgage. Repayments were structured over 5 years, keeping cash flow manageable while improving service quality. The new equipment enhanced diagnostic accuracy, reduced treatment times, and improved patient satisfaction — boosting clinic growth and referrals.
In Australia, medical equipment finance usually ranges from $5,000 for smaller devices up to $500,000+ for advanced diagnostic machines. The loan amount depends on the equipment’s purchase price, expected lifespan, and your practice’s financial position.
Because the loan is secured against the equipment, lenders are more willing to offer higher borrowing limits and better interest rates than unsecured loans.
Balance over time
Eligibility is generally straightforward as equipment is considered an income-generating asset. Lenders assess your credit profile, turnover, and practice history.
You may be eligible if you are:
An Australian citizen or permanent resident
Over 18 years old
Running a registered medical, dental, or healthcare practice
Able to provide recent financials or bank statements
Hold an ABN (and GST registration if required)
Complete a quick online application to see instant quotes from multiple lenders. Select your preferred option, submit documents, and funding can be arranged within 24–48 hours.
Documents you may need:
ABN and GST registration details
Photo ID (passport or driver’s licence)
Recent practice bank statements
Tax returns or financials (for larger loans)
To save money, compare offers across multiple lenders as interest rates and fees vary widely. Choosing a shorter term reduces overall interest costs, though repayments are higher. Longer terms ease cash flow but increase total costs.
Check for hidden costs like establishment fees or early repayment penalties. If your practice has stable revenue, making additional repayments or paying off early can reduce interest expenses.
Finally, align repayment frequency with your patient billing cycles (weekly, fortnightly, monthly) to avoid stress and late payment fees.
Example: $100,000 financed at 7.95% p.a.:
Term | Repayment Amount | Total Amount to Repay |
---|---|---|
24 months | $4,519 | $108,463 |
36 months | $3,132 | $112,771 |
48 months | $2,454 | $117,790 |
60 months | $2,015 | $120,916 |
Medical equipment finance comes in many forms, and understanding how they work can help you choose with confidence:
Most loans are secured by the equipment itself, giving lenders confidence and lowering interest rates compared to unsecured products.
Some lenders require a personal guarantee from the doctor, dentist, or director, making you personally responsible if repayments aren’t met.
Most medical finance is offered as fixed-term loans (1–7 years). Some leases allow ongoing use with end-of-term options.
Fixed rates are common, giving predictable repayments. Variable rates exist but are less common in healthcare lending.
Check for establishment fees, ongoing charges, and early termination costs. These can vary significantly between lenders.
Choose weekly, fortnightly, or monthly repayments. Aligning with your billing cycle (e.g., Medicare payments) helps manage cash flow.
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