13 lenders, updated 30 September 2026
Compare equipment finance
Structures, lenders and costs side by side
To compare equipment finance, choose the structure first (chattel mortgage, hire purchase, finance lease or operating lease), then compare lenders on total cost: the rate, the fees, any balloon or residual and the early payout terms. Equipment finance for a business has no mandatory comparison rate, so convert each quote to a total dollar cost. The table below lists the equipment finance lenders we cover, and an asset finance broker partner can compare the lenders on their own panel.
Equipment finance lenders compared
Every equipment finance lender in our directory, what kind of lender it is and the structures it offers, with a link to its product page.
| Lender | Products | Current rate |
|---|---|---|
| Australia and New Zealand Banking GroupMajor bank | Products:
| Current rate: ANZ rate card (opens in a new tab) |
| Commonwealth Bank of AustraliaMajor bank | Products:
| Current rate: CommBank rate card (opens in a new tab) |
| National Australia BankMajor bank | Products:
| Current rate: NAB rate card (opens in a new tab) |
| Westpac Banking CorporationMajor bank | Products:
| Current rate: Westpac rate card (opens in a new tab) |
| BankSAMajor-bank brand | Products:
| Current rate: BankSA rate card (opens in a new tab) |
| Suncorp BankMajor-bank brand | Products:
| Current rate: Suncorp Bank rate card (opens in a new tab) |
| Bank of QueenslandTier-2 bank | Products:
| Current rate: BOQ rate card (opens in a new tab) |
| Bendigo and Adelaide BankTier-2 bank | Products:
| Current rate: Bendigo Bank rate card (opens in a new tab) |
| Angle FinanceSpecialist | Products:
| Current rate: Angle Finance rate card (opens in a new tab) |
| EarlypaySpecialist | Products:
| Current rate: Ask a broker |
Show all 13 lendersShow fewer lenders
| Lender | Products | Current rate |
|---|---|---|
| GetCapital (Shift)Specialist | Products:
| Current rate: Ask a broker |
| ScotPacSpecialist | Products:
| Current rate: Ask a broker |
| SelfcoSpecialist | Products:
| Current rate: Ask a broker |
Inclusion is editorial reference, not a recommendation. Rates change often, so we only show a rate we captured from the lender's own page in the last 60 days, with a link to that page; otherwise we link to the lender's rate card where it publishes one. The broker you are matched with compares the lenders on their own panel.
Equipment finance for business use has no mandatory comparison rate. Any rate shown is the lender’s own published figure; compare total cost on the same asset, term and balloon.
How to compare equipment finance
Choose the structure before the lender
The four structures differ on who owns the equipment and what happens at the end, which changes the tax and GST treatment. Compare lenders within one structure.
- Chattel mortgage: you own the equipment from day one and the lender holds security over it until the loan is repaid.
- Hire purchase: the financier owns the equipment and ownership passes to you after the final payment.
- Finance lease: the financier owns the equipment and leases it to you for most of its useful life, with a residual payment at the end.
- Operating lease: a rental for an agreed period, after which you return, upgrade or buy the equipment.
Convert every quote to a total cost
Business lending sits outside the National Credit Code, so there is no mandatory comparison rate. Add the establishment fee, any monthly fee and the balloon or residual to the repayments over the term, and compare that total on the same asset, term and balloon.
Balloon or residual
A balloon or residual lowers the repayments by leaving a lump sum for the end of the term; the site's structure guides put typical values at 10% to 40%. On $100,000 over five years at 7% p.a., a 30% balloon cuts the repayment from about $1,980 to about $1,561 a month, with $30,000 still to pay at the end.
Manufacturer finance
Some manufacturers' finance arms publish promotional rates on specific models; Kubota Australia Finance, for example, published business offers from 0% to 8.10% p.a. over 36 months on specific series on 10 October 2026, with conditions such as a minimum deposit. Compare the total cost against a bank or broker quote on the same machine. Farm machinery finance.
Eligibility and documents
Lenders look at how long the business has traded, GST registration, the type and age of the equipment and your credit history, and ask for financials or bank statements depending on the amount. Low doc options exist for businesses without up-to-date financials, usually at a higher price.
Tax treatment
The structure decides what the business can claim: depreciation and interest on a chattel mortgage, or the lease payments on a lease. Check the current rules with your accountant. Equipment finance tax benefits.
What are the repayments on equipment finance?
| Loan amount | Monthly repayment at | ||
|---|---|---|---|
| 7%p.a. | 9%p.a. | 11%p.a. | |
| $30,000 | $594 | $623 | $652 |
| $50,000 | $990 | $1,038 | $1,087 |
| $100,000 | $1,980 | $2,076 | $2,174 |
| $250,000 | $4,950 | $5,190 | $5,436 |
Illustrative monthly principal and interest repayments over 5 years, before fees and charges. Rates are examples, not offers; your rate depends on the lender and your circumstances. A balloon or residual lowers these repayments and leaves a lump sum to pay at the end. Use the equipment finance calculator.
Equipment finance lenders by product type
Which lenders in our directory offer each kind of equipment finance. Each lender's page covers its products, eligibility and alternatives.