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Instantly compare asset finance rates from the lenders on our panel. To check your personalised rates and eligibility – and for a smoother application process – simply hit ‘Compare now’ and our asset finance experts will do the work for you.
Rates updated 13 August 2026
Loan purpose
Loan amount
| Product | Interest rates from (p.a.) | Loan amounts | Loan terms | Compare |
|---|---|---|---|---|
 Angle Finance Business Loan | 7.49% - 8.49% | $5k - $500k | 3 - 7 years | |
 BOQ Business Loan | 7.50% | Up to $250k | Quoted on application | |
 Capital Finance Business Loan | 7.70% - 14.00% | $5k - $150k | Quoted on application | |
 Liberty Business Loan | 7.95% - 17.45% | Up to $350k | 1 - 7 years | |
 Moneytech Business Loan | 7.99% - 9.56% | $25k - $2m | Quoted on application | |
 Dynamoney Business Loan | 8.10% - 19.40% | $2k - $1m | 6 months - 7 years | |
 Group And General Business Loan | 8.29% - 8.89% | $10k - $350k | 1 - 5 years | |
 Multipli Business Loan | 8.49% | $30k - $1m | Quoted on application | |
 TruePillars Business Loan | 9.90% - 20.90% | $25k - $300k | 1 - 7 years | |
 Finance One Business Loan | 11.45% - 23.45% | $5k - $250k | Up to 7 years | |
 Drive Finance Solution Business Loan | 12.54% - 14.80% | Up to $300k | 1 - 5 years | |
 Azora Finance Business Loan | 12.95% - 14.95% | $1k - $250k | Quoted on application | |
 Shift Business Loan | 14.95% - 24.95% | $250 - $1m | 1 - 7 years | |
 MorrisFinance Business Loan | 14.99% - 18.99% | $5k - $200k | 1 - 5 years | |
 Lumi Business Loan | 15.50% - 44.50% | $5k - $750k | Up to 5 years | |
 Capify Australia Business Loan | 21.13% - 77.13% | $2k - $1m | 1 month - 2 years | |
 ANZ Business Loan | Quoted on application | Up to $1m | 3 - 7 years | |
 Banjo Loans Business Loan | Quoted on application | $20k - $2m | 2 months - 5 years | |
 Bizcap Business Loan | Quoted on application | $5k - $4m | 4 months - 1 year | |
 Branded Financial Services Business Loan | Quoted on application | $5k - $250k | 1 - 7 years |
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Apply today""Phil Collard made financing my chattel mortgage effortless — knowledgeable, responsive, and genuinely helpful throughout. Highly recommend his expertise for anyone needing finance guidance!""
"Jane Lim was absolutely amazing to work with. I reached out to her last week, told her what we were looking for, she found us a great deal, and settlement happened within 7 days of first dealing with her. Super smooth process throughout, and faster than other brokers. Jane is the best business broker I've worked with. Thanks Jane & money.com.au. Highly recommend."
"Phil from money is experienced and helpful. He assisted me navigate making application for unsecured business loan promptly and without fuss. So 5 stars from me. "
"Jane is a very professional broker I have ever known. She did an excellent job and helped me a lot. Compare many jobs by other brokers done, I highly recommend Jane!"
"Fi Ahlstrom did in 48 hours what most brokers take weeks to do... I recently arranged business funding through Money.com.au and worked with Fi Ahlstrom, and I could not recommend her more highly. Fi knew her products inside out across multiple lenders and quickly picked the right one for my situation rather than pushing a one size fits all option. She was incredibly efficient, and I had funds drawn down within 48 hours of my initial enquiry, which is remarkable. She explained everything clearly, answered every question without any jargon and made what could have been a stressful process feel completely straightforward. Her communication was excellent throughout and I always knew exactly where things stood. If you need business finance, ask for Fi. Genuinely first class service and I will absolutely be back for any future funding needs."
"Very prompt service and helpful all the way through "
"Phil was amazing to deal with, knowledgeable, professional whilst also caring / listening to any questions. Really happy with the process. I would highly recommend him. "
"Jane was great. Communication was 1st class and finiance with quick. From what I know I received the best option for finance for my circumstances."
"The representative who assisted me whose name was Joseph was an absolute professional and pleasure to deal with. Will be recommending to future colleagues"
"I am really happy with the service I received from Fi, she kept in contact advised what was needed and made it all really easy. No fuss, no stress. Would definitely contact them again if I require more finance."
"Extremely informative and professional team. I was dealing with Fi, she was very helpful and straight to the point which is what all business owners look for when applying for financial services. The entire process was streamlined and I had received the needful within only 2 weeks. Highly recommended to anyone! "
"Fi was amazing, making everything really easy and simple. "
"Great service, and fast. The funds went into my account within 24hrs! Thanks Phil."
"Phil is fantastic, he was quick, professional and responsive at every step. His experience is evident and frankly the best iv'e dealt with. I'd recommend Money.com.au and Phil to anyone looking for finance."
"Jane Lim was great in helping me find finance. The process was quick and easy. Jane was informative and kept me in the loop through the whole process. From application to approval, and funds in my bank, was only a matter of days."
"When everyone else said it was too hard, Phil said give me the details and let's get this done. Best believe, it was done within 24 hours. I am am so thankful he got the loan I wanted for my business asset which will help us elevate and grow. We can't thank you enough Phil. "
"So helpful! Saved me a bunch of time and money. Thankyou for your assistance and efficiency."
"Fi was positive, prompt, clear and explained the process in a way I could understand when I went to her needing a business loan. She made the entire process simple and navigated things in a way I couldn't. I would use her services again in a heartbeat. Thank you Fi!"
"I worked with Fi Ahlstrom, and she was phenomenal in assisting us with securing a $50k loan for our small business at a competitive interest rate. Her support, professionalism, and clear communication made the entire process smooth and efficient."
"I worked with Jane Lim at Money.com.au and I can honestly say that she went over and above for our company and for me personally. We had a very challenging process to refinance a loan and this created a lot of stress. Jane sought out an appropriate lender and was always upfront with us around what we could get and what was required. She was highly responsive and always came back to us straight away. I would recommend contacting Jane should you need any assistance in this area and would very happily speak to her performance should anybody contact me directly."
Asset finance is a type of business lending used to purchase physical assets your business needs to operate, grow or scale. The lender provides funds to buy or lease the asset, and you repay the finance in instalments over a term of 1 to 7 years.
You can use asset finance to fund assets such as:
With asset finance the asset you purchase typically acts as security for the finance, which reduces the lender's risk. Rather than paying for expensive assets outright, you spread the cost over time. That means you can invest in your business without sacrificing cash flow.
This can be especially useful for tradespeople, contractors and SMEs with seasonal income or unpredictable expenses.
The length of the asset loan or lease is typically based on the useful lifespan of the asset you’re financing. Asset finance can be used to buy new assets or replace and upgrade existing ones.
The average asset finance amount in 2026 is $70,369 across vehicles, machinery and equipment, according to Money.com.au's analysis of thousands of loan requests from our business customers. Almost 2 in 5 business finance requests we receive (39%) are for asset purchases.
On average, Australian businesses borrow $117,394 to finance equipment and machinery, and just under $60,000 for vehicle purchases. For loans to purchase another business (sometimes classified as asset finance) the average is much higher at $541,014.
Asset finance rates from lenders on Money.com.au's lender panel currently start from 7.49% p.a. But depending on the strength of your application and your business risk profile, the rate you qualify for may be higher than this.
The credit scores and overall credit history of both your business and its directors are a major factor here.
If you’re asset-backed (own a property) you will typically qualify for lower rates. That's because secured asset finance rates are typically lower than those on unsecured business loans, where there is more risk for the lender.
Your business' interest rate will also depend on the type of asset you’re financing and its age, with older and more specialised assets generally attracting higher rates.
The good news for business owners looking for low asset finance rates is that there is plenty of choice. In fact, there are nine lenders on our panel offering rates starting from below 10% p.a. The table below shows some of the lowest rates available right now.
| Loan | Interest rates | Loan amounts | Loan terms |
|---|---|---|---|
| Angle Finance Business Loan | 7.49% - 8.49% | $5k - $500k | 3 - 7 years |
| BOQ Business Loan | 7.50% | Up to $250k | Quoted on application |
| Capital Finance Business Loan | 7.70% - 14.00% | $5k - $150k | Quoted on application |
| Liberty Business Loan | 7.95% - 17.45% | Up to $350k | 1 - 7 years |
| Moneytech Business Loan | 7.99% - 9.56% | $25k - $2m | Quoted on application |
| Dynamoney Business Loan | 8.10% - 19.40% | $2k - $1m | 6 months - 7 years |
| Group And General Business Loan | 8.29% - 8.89% | $10k - $350k | 1 - 5 years |
| Multipli Business Loan | 8.49% | $30k - $1m | Quoted on application |
| TruePillars Business Loan | 9.90% - 20.90% | $25k - $300k | 1 - 7 years |
| Finance One Business Loan | 11.45% - 23.45% | $5k - $250k | Up to 7 years |
Most lenders are open to financing any assets with a serial number, as long as the case for finance is presented in the right way, according to Phil Collard, a Money.com.au Asset Finance Broker with more than 15 years of industry experience.
"For example, lenders will want to know if the asset makes sense for your industry. So a tradie purchasing a HiLux, that makes sense. If it's an IT consultant purchasing a Tesla, that also makes sense," says Phil.
Vehicles are by far the most commonly-financed business asset in Australia, with more than 80% of asset finance requests through Money.com.au relating to a vehicle purchase. The remainder are for other types of business machinery and equipment.
If you qualify for asset finance with a lender, here are just some of the asset types you can purchase:
Phil Collard, Asset Finance Broker
"We recently helped a client who works as a self-employed mining consultant and needed prompt asset finance via a chattel mortgage. They were purchasing their second business vehicle and wanted to secure the lowest possible monthly repayment through a five-year term and 30% residual.
The client initially considered the dealer's finance, but it was expensive and overall not the right fit. Instead, we were able to secure a competitive and more suitable finance package from our lender panel with repayments of just $840 per month.
The client’s consultancy operates under a trust and, as can sometimes happen, we needed to navigate a last-minute curveball when the lender made a policy change which required trust deed certification. Luckily, we were able to avoid any delays by working with the client’s accountant to provide a simpler confirmation letter. The client was conditionally approved within 48 hours of initial contact and picked up their new vehicle, a new Cupra EV, soon after."
Phil Collard, Asset Finance Broker
To improve your chances of approval and reduce your borrowing cost:
Asset Finance Broker, Asset finance expert
"Thinking about the overall deal, finance structure is just as important as price. There's no point in structuring the asset loan over a longer term if you plan on getting out of it in the first third of the loan period. It's just going to hurt you on the back end with break fees."
Asset Finance Broker, Asset finance expert
A secured loan is just one of the options for financing an asset for your business. Here we explain how it compares to the options for leasing assets.
With an asset loan (also known as a chattel mortgage), you borrow money from the lender to purchase a business asset, such as a vehicle or equipment. The asset serves as collateral for the loan, which you repay with interest in regular instalments over a fixed term, similar to a mortgage.
Your business has full ownership of the asset from the outset and is responsible for all maintenance and registration costs. However, if you default on the loan, the lender can repossess the asset. The asset will be registered on the Personal Property Securities Register (PPSR) until you repay the loan. This lets other lenders know there’s a security interest on the asset.
Once you've fully paid off the asset loan, you’ll have unconditional ownership of the vehicle and the asset will be removed from the PPSR. If there’s a balloon payment at the end of the finance term, you’ll have a couple of options:
An asset loan is a popular option for small businesses with vehicle fleets and for manufacturing industries, construction companies, tradespeople and transport companies. ‘Vehicles or transport’ is by far the most common reason businesses request finance through Money.com.au (41.50% of all requests).
According to the ATO, the interest on an asset loan is tax deductible as a business expense, plus depreciation (up to the ATO’s depreciation limit).
If your business is registered for GST, you may also be able to claim a credit for the GST paid on the initial asset purchase. This can be claimed as what’s called an input tax credit on your BAS for the relevant period. You can only claim a credit for the business use of the asset.
Pros
Cons
Under a finance lease, the lender buys the asset on your behalf and leases it to you in exchange for regular payments, plus interest, over a fixed period. You’ll get the benefits and responsibilities of ownership (including upkeep costs), but the lender retains actual ownership of the asset during the lease term. Some leasing agreements include maintenance and servicing costs as part of the contract.
Depending on your agreement, you’ll have a few options at the end of a finance lease term:
A finance lease is generally suitable for high-value assets or assets with a longer lifespan, like company vehicles, heavy machinery and specialised equipment. It provides more owner benefits (i.e. unrestricted use of the asset with the option to buy it at the end of the lease term) for a borrower than an operating lease.
Finance lease payments and the GST included in the lease charges over the lease term may be tax deductible, according to the ATO.
To claim GST credits on lease charges, you treat each payment on your BAS as a separate purchase for each tax period, even though each payment is for the same goods under the same lease agreement, according to the ATO.
If you purchase the asset at the end of the lease term, you may also be eligible to claim the GST you paid on the purchase.
You may have to record your finance lease on your business balance sheet as a lease liability.
Pros
Cons
An operating lease also allows your business to lease an asset in exchange for regular fixed repayments (or based on usage), including servicing and maintenance costs. You can commonly upgrade the asset or equipment within the lease period, but there’s no option to own the asset at the end of the contract.
Depending on your agreement, you’ll have two options at the end of an operating lease term:
Operating leases are shorter-term agreements commonly used for assets that need to be upgraded frequently, like IT equipment, payment or telecommunication systems, etc.
According to the ATO, operating lease payments and the GST included in the lease charges may be tax deductible during the lease term. Operating leases must also be recorded on your business balance sheet as a lease liability.
Pros
Cons
This might be important for company vehicles or equipment you rely on to run your business. On the other hand, you may prefer to lease assets that become outdated quickly, like IT or office equipment, or assets you only need for a short period of time (e.g. when scaling your business).
For instance, a removalist business financing a fleet of delivery vans would likely require the ongoing use of the vehicles after the finance term ends. In this case, an asset loan or finance lease with the option of ownership at the end of the lease term may be suitable.
With an asset loan, interest on the loan, GST and the asset’s depreciation may be tax deductible. When you’re leasing an asset, you may not be able to claim depreciation as the lender owns the asset during the lease term, according to the Australian Accounting Standards Board (AASB).
Early payout fees generally apply to fixed-term asset finance contracts. However, it may be easier to pay off an asset loan early than a finance lease. That’s because leases are usually non-cancellable contracts and may be costly to terminate, according to the AASB.
Applying for a business loan to finance an asset involves four key steps:
BUSINESS FINANCE
A chattel mortgage is a type of secured business loan used to buy vehicles & other assets. See how it compares to a lease and commercial hire purchase.
Read moreLow doc and full doc asset loans vary based on how much documentation is required by the lender in order to be eligible, with low doc applications requiring little to no documentation. A full doc application will require several key business documents.
1. Full-doc asset finance
Requires standard business documentation, such as:
2. Low-doc asset finance
Designed for newer businesses and sole traders who may not have full financials. Instead, lenders may accept:
Yes, some lenders offer short-term business finance to acquire an asset, with terms of less than 12 months and even as little as one month. Short-term finance can be a cost-effective option to acquire an asset. For example, a business may opt for a short-term lease to fulfil a bulk order without buying equipment they may not use again.
If you’re opting for a short-term asset finance contract, you’ll pay less interest overall, but your repayments over the term will be higher (compared to spreading the cost over a longer period).
Yes, it's common for asset finance to have a balloon payment option. This is a residual lump sum due at the end of the loan or lease term to pay the outstanding debt on the asset. The balloon payment can range from 20-40% of your finance amount, depending on your agreement with the lender.
A balloon payment effectively reduces your regular repayments and can help preserve cash flow, but results in a larger amount owed at the end of the loan or lease term.
Yes, new businesses and startups can still get finance to buy essential vehicles or equipment, if the asset(s) secure the loan (meaning unsecured finance may not be an option). Keep in mind that you’ll still need to provide sufficient financial documentation to prove you can service the loan.
Alternatively, you could consider a low doc business loan, which requires less documentation than a traditional business loan application. Although, you’ll likely pay a higher interest rate to offset the lender’s risk of financing a business with limited credit or trading history.
Startups with significant assets or new business owners who own a home (i.e. asset-backed borrowers) generally have a better chance of qualifying for asset finance.
Yes, with secured asset finance, the lender can repossess the asset if you cannot make the repayments during the finance or lease term (subject to the terms of the loan agreement).
With unsecured finance, the lender cannot reclaim the asset. As a result, interest rates on unsecured finance are usually higher.
Yes, you can generally repay an asset loan (i.e. chattel mortgage) early through extra payments or a refinance, although early payout fees may apply.
Terminating a finance lease agreement before the term ends is typically more difficult. It may result in significant additional costs, including an ‘early payment loss’ fee payable to the lender.
It’s best to get an estimate of exit costs or early payout fees before you pay out your loan early or cancel your finance lease.
Yes, you can still qualify for asset finance if you have impaired credit, although you’ll generally pay a higher interest rate to offset the lender’s risk. When assessing your asset finance application, lenders typically look at your business revenue and serviceability, not just your credit rating.
Generally it's easier to be approved for finance if the loan is secured by an asset (e.g. a bad credit truck loan) as this reduces risk for the lender. Alternatively, you could apply for a bad credit business loan via a specialist lender.
Generally, asset finance is not suitable for covering ongoing operating expenses (e.g. to buy stock or pay staff wages), as it is intended as a long-term form of borrowing.
For ongoing short-term finance, businesses can consider a business line of credit, a business overdraft or a short-term business loan. For businesses with outstanding invoices, invoice finance is another option.
Not necessarily but if you are an asset-backed borrower, meaning you own property (not just the asset that you will be buying with the finance), you will generally find it easier to get approved.
Lenders can generally provide pre-approval on an asset finance application within a few hours if the application is straightforward.
Yes, but financing a second-hand asset may mean you need to pay a higher interest rate on the loan. The older the asset, the higher the risk for the lender and this is usually reflected in the price.
You can still get pre-approved for asset finance even if you do not have a specific asset identified. The lender will wait until you have found an asset and have supplied an invoice for the purchase before providing final approval.
Banks may offer lower rates in some cases but can take weeks to process your application. A broker can compare multiple lenders, match you with a suitable product, and often settle deals within 1–3 days.
You’re under no obligation to proceed if a lender gives you pre-approval. However, if your circumstances or the asset you plan to purchase change significantly, the lender may need to reassess the application.
The information on this page is general in nature and has been prepared without considering your objectives, financial situation or needs. You should consider whether the information provided and the nature of any loan product is suitable for you and seek independent financial advice if necessary.
We are not providing you with a recommendation or suggestion about a particular product. You should read the relevant disclosure information from the lender before deciding whether to apply for or continue to use a particular product.
For offers from Money.com.au lending partners, we will match you with lenders and rates based on the information you provide us. This won't affect your credit score. We do not compare all business loan providers in the market and can't guarantee rates from a specific lender.
If you get a business loan from one of our lending partners as a result of visiting this page, we may earn a commission.
The products displayed in our business loan comparison tables are those available from Money.com.au’s lending partners that match the loan criteria selected at the top of the table. The comparison does not cover all lenders available in the market, nor does it cover all products available from those providers shown. The comparison does not include all product features, costs and eligibility criteria that may be relevant to you.
Product information, such as interest rates, fees and charges, is subject to change without notice. Please check current product details with one of our business lending specialists or directly with the lender before proceeding.
Users can easily change the sort order and apply product filters to our product comparison tables based on what they need. However, when you first arrive on a page, a default loan amount and purpose is selected and business loans are automatically sorted by:
The order of the products in our business loan comparison tables is not influenced by any commercial arrangements.
If you get a business loan as a result of visiting this page and/or dealing with a Money.com.au business lending specialist, we may earn a commission from the lender. Read more about how we make money.
Money.com.au has strict rules and policies in place that ensure we can provide accurate and reliable information to consumers and businesses about financial products, without it being influenced by our commercial arrangements.
