Equipment Finance

Chattel Mortgage

Chattel mortgages are most commonly used by businesses (including companies, partnerships and sole traders) in Australia to fund the purchase of cars, commercial vehicles and other business equipment.

Features of a Chattel Mortgage:

  • Available over terms of 1 – 5 years
  • Fixed interest rate
  • No deposit is required (but you can make one if you want to)
  • You can finance the whole purchase price
  • Payments are made fortnightly or monthly