Compare Tractor Finance Options from 50+ Australian Lenders
Get the tractors and farm machinery you need without a large upfront cost. Receive personalised quotes in minutes with no impact on your credit score.
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Tractor Finance Made Simple
Finance the tractors and agricultural machinery your farm needs. Flexible, affordable options designed for Australian farmers, agribusinesses and contractors.
Borrow With Confidence
Amounts from $10,000 to $500,000+
Flexible Terms
1 to 7 year loan terms available
Fast Approval
Funding possible within 24–48 hours
Secured by Tractor
Keep costs low with equipment-backed loans
Seasonal Repayments
Match payments to your farming cash flow
Any Agricultural Purpose
Purchase, upgrade or expand machinery
How Tractor Finance Works
We match your application to tractor finance options from 50+ Australian lenders so you can compare and choose with confidence.
Apply online in minutes
Provide details about your tractor purchase and business needs in a quick form.
Get your quote
Our Lender Match technology finds offers from multiple lenders that suit your situation.
Upload documents
Submit ID and bank statements to finalise your chosen loan option.
Get approved
Receive approval and funding within 24–48 hours.
Backed by over 50+ lenders
Giving you the best chance of being approved.
A quick guide to tractor finance
Tractor finance gives Australian farmers and agribusinesses access to machinery without a heavy upfront cost. Instead of tying up working capital, you spread repayments over time, leaving funds free for wages, feed, and farm running expenses.
Most tractor loans are secured against the tractor itself, which allows lenders to offer competitive rates and higher borrowing limits. Loan terms typically run from 1 to 7 years, and seasonal repayment structures are available so repayments align with farm income cycles.
Whether you’re cropping, running livestock, or contracting, tractor finance lets you upgrade to reliable equipment that improves efficiency, productivity, and safety. Farmers can choose new or used tractors, attachments, or expand their fleet without draining reserves.
The trade-off is making sure repayments fit with cash flow, but for many Australian farmers, tractor finance balances affordability and access — ensuring you remain competitive and resilient.
Want to skip ahead?
This guide is broken down into the following sections. Click a link if you want to skip ahead.
Types of tractor finance
Here are the most common tractor finance options available to Australian farmers:
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 tractor finance for?
Tractor finance can be applied to many areas of farming and agribusiness:
Buy a New Tractor
Secure new equipment to improve productivity and reduce downtime.
Upgrade or Replace
Swap out old machinery for modern, fuel-efficient tractors.
Expand Operations
Add tractors to manage larger acreage or contracting jobs.
Attachments & Implements
Finance loaders, balers, ploughs, and more.
Seasonal Needs
Fund extra machinery during planting or harvesting periods.
Fleet Management
Maintain or expand a fleet for large-scale farming.
Land Preparation
Clear, till or level land ready for crops or pasture.
Livestock Operations
Support livestock feeding, fencing, and transport tasks.
Case Study
Ben Murray, Murray Farms
Boosting Productivity with Tractor Finance
Industry: Cropping Farm
Challenge: Old machinery breaking down, leading to costly delays during harvest.
Solution: A 5-year chattel mortgage secured against a new tractor with seasonal repayments.
Ben runs a cropping farm in regional NSW and struggled with unreliable equipment. Breakdowns during harvest caused lost income and stress. Through Emu Money, he compared tractor finance options and secured approval for a 5-year loan matched to his seasonal cash flow. With a modern tractor, he reduced downtime, improved efficiency, and managed repayments predictably. The new machine has paid for itself through better productivity and reduced repair costs.
How much can I borrow for tractor finance?
Tractor finance in Australia typically ranges from $10,000 for smaller or used models up to $500,000+ for large-scale or specialist machinery. Borrowing limits depend on tractor cost, age and condition, as well as your business turnover and credit profile.
Because the loan is secured against the tractor itself, lenders are often able to offer more competitive rates and higher borrowing amounts compared to unsecured loans.
Tractor Finance Repayment Calculator
Estimate your repayments and total cost. Adjust the amount, term and interest rate to plan before applying.
Balance over time
Am I eligible for tractor finance?
Eligibility is usually straightforward since tractors are income-producing assets. Lenders assess your turnover, bank statements and credit profile to confirm affordability.
You may be eligible if you are:
An Australian citizen or permanent resident
Over 18 years old
Running a registered farming or contracting business
Able to provide recent bank statements
Hold an ABN (and GST registration if required)
How to apply for tractor finance
Complete a quick online application and receive instant quotes from our panel of lenders. Choose your preferred option, upload documents, and we’ll guide you to settlement. Funding is often available 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 amounts)
How to save money on tractor finance
Saving on tractor finance comes down to loan structure and comparison. Choosing a shorter term means higher repayments but less total interest, while a longer term eases cash flow but increases costs.
Comparing offers from multiple lenders ensures you find the most competitive rate and fee structure. Watch out for establishment fees, ongoing account charges, or early repayment penalties.
Seasonal repayment options are especially useful for farmers, letting you align payments with harvest or livestock cycles to avoid cash flow strain. If your business is strong, making additional repayments or paying off early can also cut down costs. Always check terms before committing.
Example: Save with a shorter term — $75,000 at 8.95% p.a.:
| Term | Repayment Amount | Total Amount to Repay |
|---|---|---|
24 months | $3,424 | $82,179 |
36 months | $2,378 | $85,607 |
48 months | $1,866 | $89,571 |
60 months | $1,547 | $92,812 |
Understanding tractor finance options
Different tractor finance products suit different needs. Here’s a quick guide:
Chattel Mortgage
The most common farm equipment finance option. You own the tractor upfront while the lender takes a mortgage until the loan is repaid.
Equipment Loan
Similar to a secured loan, using the tractor as collateral with fixed repayments.
Hire Purchase
Use the tractor while making instalments. Ownership transfers once the final repayment is made.
Finance Lease
The lender owns the tractor and you lease it, with an option to buy at the end of term.
Seasonal Terms
Repayment schedules that match planting or harvesting cycles to ease cash flow.
Testimonials
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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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Eujin made the process of securing a personal loan and car finance quick and hassle-free. He was efficient, easy to deal with, and provided excellent service. Highly recommend!
Nisal M.
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Brad was great quick and simple no headaches. just simple process and was done in quick time frame. cant thank him enough.
Danny D.
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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.
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Dealing with Ryan has been excellent from start to finish ! Quick response no questions in answered great experience all round
Daniel W.
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What a great bloke to deal with... Thank you Brad for all your help and making our dream a reality. We will be contacting you again shortly.
John Z.
Frequently Asked Questions
Tractor 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.
