What types of finance loans are there?

For business, when deciding on the type of loan that best suits your needs it is always best to consult your Accountant for advice on the product that you should be funding your asset purchase.

95% of SME’s (Small to medium Enterprise) use Chattel Mortgage based on its simplicity and taxation benefits. It is most likely that your purchase would be funded on a Chattel Mortgage however please check with your accountant first.

Your main asset finance products are:

  • Chattel Mortgage
  • Hire Purchase
  • Finance Lease
  • Small Ticket Finance
  • Operating Lease
  • Novated Lease
  • Insurance Premium Funding
  • Consumer Loans

More information on finance products