Commercial Hire Purchase
A Commercial Hire Purchase facility allows you the freedom to borrow 100% of the purchase price or less if you wish to make a cash and/or trade deposit and gain immediate equity in the goods. Repayments may be structured to suit your business cash flow requirements, including a balloon (lump sum) payment at the end of term.
This finance solution will suit businesses that will benefit in gaining automatic ownership of the goods on completion of the agreement.
| Typical Assets | Motor vehicles, new plant and equipment including earthmoving, engineering, trucks, etc. |
|---|---|
| Minimum Amount | $20,000 |
| Term | Generally up to 5 years, assessed individually depending on the useful life of the asset |
| Interest Rate | Available upon request |
| Security | In most cases the acquired asset acts as the sole security. |
| Application Fee | Available upon request |
|---|---|
| Ongoing Account Keeping Fees | Nil |
Fees and charges apply. Terms and conditions available on request. Applications are subject to credit approval.
Rates, Fees & ChargesAdditional Forms (PDF)
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Personal Ph 1300 654 998 Business Ph 1300 658 108 ME Contact Centre open Mon - Fri 8am - 8pm. Sat 9am - 5pm (EST)
- Phone Banking
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Personal Ph 1300 654 998 Business Ph 1300 658 108