Equipment finance

 

Equipment finance allows businesses to access funding to purchase an asset which is used to secure the loan.

The table below compares a selection of equipment finance providers available in the market. We have selected the providers which have information publicly available to be included in the table. The information about the equipment finance providers in the table is as at the 26th of April 2022. We will not be actively updating the table so not all providers may be available and features may have changed. Please note that providers have been sorted alphabetically, A to Z, by brand name.

While best endeavours have been made to reflect accurate information, this information should not be solely relied upon. For further details, Canstar suggests getting in touch with the provider, accessing the information available on their website and consulting professional advisers as required. Always read the loan information documentation and consider whether the product makes sense for your financial circumstances. Canstar does not rate equipment finance providers and makes no recommendation about comparative features and benefits with respect to these products.

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Brand name Available New Available Old Min Loan Term Max Loan Term Min Loan Amount Max Loan Amount Fees Apply Online Loan security
Allianz 2500 20000 Yes
Alphera Financial Services
AMMF 3 years 5 years 10000 30000 Yes
ANZ 7500 No
Bank of Melbourne 1 year 7 years 15000 $450 establishment fee No
BankSA 1 year 7 years 15000 $450 establishment fee No
Bankwest 20000 $595 documentation fee No
Capify 3 months 1 year 5000 300000 3% organisation fee Yes
Capital Finance Yes Yes 1 year 5 years 5000 1000000 No
Capitalcorp Equipment Finance 1 year 7 years Yes
Cashflow Finance Yes Yes 20000 500000 Yes
CBA 2 years 5 years Yes Both
Finance Ezi Yes Yes No Both
Getcapital 6 months 2 years 10000 500000 0 Yes Unsecured
Grow Asset Finance 2 years 5 years 5000 250000 Yes
Lend 5000 Yes Both
Lumi 3 months 18 months 5000 200000 2.5% establishment fee Yes Unsecured
Max funding 1 month 1 year 2000 300000 0 Yes Unsecured
Metro Finance Yes Yes 2 years 5 years 5000 250000 No
Money 3 years 5 years Both
Moula 6 months 3 years 5000 500000 0 Yes Unsecured
NAB 5 years 150000 $500 establishment fee Yes
Ondeck 6 months 2 years 10000 250000 2.5% organisation fee Yes Unsecured
Pepper Money 5000 No Both
Prospa 3 months 2 years 5000 300000 3% organisation fee No Both
Resicom 1 year 7 years No
Rural Bank 2 years 5 years 20000 No Both
Savvy Yes Yes 1 year 7 years 5000 500000 Yes
St George 15000 $395 establishment fee No
Stratton Finance 1 year 7 years yes Both
Suncorp 1 year 5 years $350 establishment fee No Both
TL Rentals 35000 350000 No
Valiant 3 months 5 years 5000 1000000 0 yes Unsecured
Westpac 1 year 5 years 15000 $450 establishment fee No Both