Equipment finance broker
for Australian businesses
One application, a panel of 60+ lenders, and a structure that matches how long you actually intend to keep the asset.
Primary, secondary or tertiary? The tier that sets your rate
Primary assets
Secondary assets
Tertiary assets
Chattel mortgage, hire purchase, lease or rental?
Chattel mortgage
Commercial hire purchase
Finance lease
Operating lease and rental
| Structure | Who owns it | What you claim | GST on purchase | Best suited to |
|---|---|---|---|---|
| Chattel mortgage | You, from day one | Depreciation + interest | Claim up front in your next BAS | Keeping the asset |
| Commercial hire purchase | You, at the last payment | Depreciation + interest | Treatment follows ownership | Hold to term |
| Finance lease | The lender | Lease payments deductible | Handled by the lender | Residual strategy |
| Operating lease / rental | The lender | Rental payments deductible | Handled by the lender | Replacing before wear-out |
What equipment can you finance?
Vehicles & utes
Machinery & heavy equipment
Medical & dental equipment
Hospitality and retail fit-outs
Technology & IT equipment
Industrial & manufacturing
We compare the lender panel for you
Why most businesses finance rather than pay cash
Protect your cash flow
Built for businesses that move fast
Better tax outcomes
Own it or lease it
Secured against the asset
Grow without the waiting
Instant asset write-off: where it stands for equipment now
Low doc, a new ABN, or buying used?
Light on paperwork
A newer ABN
Used and private sale
How it works with Loanity
30-minute
strategy call
1
We compare 60+ lenders & put the options side by side
2
settlement
3
1
30-minute equipment strategy call
2
We compare the lender panel for your asset
3
Approval, then settlement
Why businesses work with us
Equipment finance questions, answered
What types of assets can I finance for my business?
You can finance almost any physical asset used for business purposes, including passenger vehicles, heavy machinery, medical equipment, kitchen fit-outs, and IT hardware. Whether you are a tradie needing a new ute or a medical clinic upgrading diagnostic tools, Loanity has access to specialised lenders for both standard and niche business equipment.
What is the difference between a Chattel Mortgage and a Finance Lease?
A Chattel Mortgage allows you to own the asset from day one, with the lender taking a mortgage over it as security. This is popular for businesses wanting to claim GST and depreciation upfront. A Finance Lease involves the lender purchasing the asset and leasing it to you for a monthly fee. Loanity will help you compare these structures to see which best aligns with your accountant’s advice.
Can I use Asset Finance to claim the Instant Asset Write-Off?
Only where the asset itself qualifies, and the threshold is the part people miss. The instant asset write-off applies to eligible assets costing less than $20,000, for small businesses with an aggregated turnover under $10 million, and it is claimed in the year the asset is first used or installed ready for use. Most of the machinery on this page costs well above that, in which case normal depreciation rules apply instead. The structure matters too: the deduction is only available where your business owns the asset, so a chattel mortgage or hire purchase can qualify and a lease generally cannot. We are not tax agents, so confirm your own position with your accountant.
Do I need to provide tax returns to get equipment finance?
Not necessarily. Loanity offers “Low Doc” asset finance options where you may only need to provide an ABN and recent bank statements to prove your business turnover. These products are designed for busy business owners who need to upgrade equipment quickly without the delay of preparing full financial statements or tax returns.
How long does it take to get approval for equipment or machinery?
Asset finance is often faster than a standard business loan, because the equipment itself serves as security. Turnaround varies by lender, by asset tier and by how complete your documents are, so we will give you a realistic timeframe once we know what you are buying. Once the documents are signed, some lenders can settle quickly and pay the supplier direct. Settlement timing is the lender’s decision, not ours.
Can I finance used equipment or must it be brand new?
You can finance both new and used equipment through Loanity. While some banks have strict rules on the age of the asset at the end of the loan term, we work with a wide range of lenders who are flexible with older machinery or specialised used equipment, provided it is in good working order and has a clear title.
What is the difference between a primary, secondary and tertiary asset?
Lenders grade assets by how easily they could be resold. Primary assets such as trucks, trailers and earth-moving plant hold their value and attract the best pricing. Secondary assets such as medical, manufacturing and hospitality equipment have a thinner resale market and slightly firmer terms. Tertiary assets such as point-of-sale systems, IT hardware and fit-out have little resale value, so far fewer lenders will fund them and the panel you apply through matters more than anything else.
Can I still get equipment finance if my bank has already said no?
Often, yes. A decline from one bank reflects that bank’s credit appetite for your asset type and your trading history, not the whole market. Specialist equipment lenders write business that the major banks will not, particularly on secondary and tertiary assets. The important thing is to stop applying one at a time, because every enquiry is recorded on your credit file.
Do I need a deposit for equipment finance?
Not always. Many businesses finance the full purchase price, and whether a deposit is required depends on the asset tier, the age of the asset, how long your ABN has been trading and your credit history. Where a deposit is asked for, it is usually because it moves the application into a better lender or a better structure rather than because the lender needs the cash.
Can I finance equipment bought in a private sale rather than from a dealer?
Yes, though it is handled differently. A private sale needs extra verification of the seller and the asset, and not every lender writes them. It is worth telling us it is a private sale at the start, because it changes which lenders we approach rather than whether the purchase can be funded.
How does a balloon or residual payment work?
A balloon is a lump sum left at the end of the term, which lowers the repayments along the way. It is useful for protecting cash flow, but it is not free money: you still owe it, and at the end you either pay it, refinance it or sell the asset. The right balloon is the one that matches how long you will realistically keep the equipment.
Stop waiting.
Just do it now.
Broker services are provided at no cost to you in most cases, as we are paid a commission by the lender. Lender and government fees such as establishment, PPSR and account-keeping charges may apply and are set out in your loan documents. Eligibility, terms, residual requirements and rates vary by lender, by asset and by individual circumstances, and are subject to change. Rates and product availability are current as at 1 September 2026. Confirm with us before relying on any figure on this page.
Lenders shown are those available through our panel. Displaying a lender does not mean every product from that lender is available to every applicant.
This page is general information only and is not tax advice. It does not take your objectives, financial situation or needs into account. Tax treatment, effective life and deductibility depend on your circumstances, and your accountant or registered tax agent is the right person to confirm them. Finance taken wholly for business purposes is generally not regulated by the National Credit Code, so the protections that apply to consumer credit may not apply. Loanity is a credit representative and can provide credit assistance once we understand your circumstances.