Finance Products

You rent the asset for a fixed term.  If you frequently upgrade your equipment or want to reduce the risks associated with asset ownership, this can be an effective and economical financing approach. Although you are renting from us and we own the asset, you have the following options at the end of the rental period:

Benefits at a glance

• Option to return, continue to rent or purchase the equipment as your needs change

• Ability to keep assets current

• Fixed repayments for term of the lease

• Repayments are generally tax deductible* and treated as an operating expense

A chattel mortgage is the same product as a secured equipment loan only for assets that are purchased primarily for business use.

Benefits at a glance

• You enjoy the benefit of owning the asset; distinct from hiring, renting or leasing

• Final payment can be a balloon payment, enabling lower payments during the term

• Depreciation on the asset and the interest component of each loan instalment may be tax deductible*

A finance lease (also known as a capital lease or a sales lease) is a type of lease in which a finance company is typically the legal owner of the asset for the duration of the lease, while the lessee not only has operating control over the asset, but also some share of the economic risks and returns from the change in the valuation of the underlying asset

Benefits at a glance

• purchase it for an agreed amount at the end of the lease

• Fixed repayments over a defined term provides for easier cash management and budgeting

• Repayments may be tax deductable*

A business overdraft is an extension of credit that allows a business to access funds greater than the amount available in its business trading account. It is often linked directly to your business account, allowing business owners immediate access to available overdraft funds.