Construction finance
Construction equipment finance for excavators, loaders and cranes
Construction equipment finance is a chattel mortgage, hire purchase or lease secured by the machine, used by builders and civil contractors to buy excavators, loaders, cranes and attachments without tying up working capital. Bendigo Bank lists earth-moving machinery among the goods it finances with no upfront deposit, CommBank and NAB publish $0 deposit, and ANZ and Westpac terms of 1 to 7 years with an optional balloon. On compact machines the maker’s finance can undercut the banks: Kubota Australia Finance publishes business offers of 1% to 3.65% p.a. over 36 months on its excavator, track loader and skid steer series.
- $0 deposit at CommBank and NAB; 100% finance at Bendigo Bank
- 1 to 7 year terms at ANZ and Westpac, with an optional balloon
- Kubota: 1% to 3.65% p.a. over 36 months on compact machines (conditions apply)
- Westpac: option of 3 months before the first repayment
What are the repayments on $150,000 of construction equipment finance?
| Loan amount | Monthly repayment at | ||
|---|---|---|---|
| 8%p.a. | 10%p.a. | 12%p.a. | |
| $50,000 | $1,014 | $1,062 | $1,112 |
| $100,000 | $2,028 | $2,125 | $2,224 |
| $150,000 | $3,041 | $3,187 | $3,337 |
| $300,000 | $6,083 | $6,374 | $6,673 |
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. Run your own numbers.
Move the sliders for your own amount, rate and term. For a balloon and the GST credit, use the full equipment finance calculator.
Construction equipment finance lenders a broker can compare
Lenders in our directory with an equipment finance product. The banks' and Kubota's published terms follow below.
| 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 |
| GetCapital (Shift)Specialist | Products:
| Current rate: Ask a broker |
| ScotPacSpecialist | 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.
See all 13 equipment finance lendersWho finances construction equipment, and what do they publish?
The banks through their equipment finance teams, the manufacturers' finance arms, and non-bank and specialist lenders. Checked on each lender's own page between 19 and 30 September 2026; rates are set for each business and machine, so none is shown unless the lender publishes one. Terms change without notice.
| Lender | What it publishes |
|---|---|
| Westpac | From $15,000 over 1 to 7 years, secured by the equipment; optional balloon; option of 3 months before the first repayment; approved funds within 1 business day for eligible customers and assets |
| CommBank | From $20,000; $0 upfront deposit; no monthly fees; optional balloon; up to 0.50% p.a. off qualifying electric and hydrogen machinery |
| NAB | No upfront deposit for most purchases; new or used; chattel mortgage or finance lease |
| ANZ | 1 to 7 years; optional balloon; rate may be fixed for the term; establishment fee; early repayment fees may apply |
| Bendigo Bank | Earth-moving and industrial machinery among the goods it finances; 100% finance, often with no deposit; optional balloon |
| BOQ | Chattel mortgage and hire purchase over 1 to 5 years; hire purchase from $20,000 with seasonal rentals and interest-only payments during installation |
| Kubota Australia Finance | Kubota machines through participating dealers; business offers of 1% p.a. on the U17-3 and U55-4G, 1.90% p.a. on other U and KX series excavators, and 3.65% p.a. on SVL track loaders and SSV skid steers, over 36 months; conditions apply |
| Grow Finance (Dynamoney) | Loans to $1M; new (0 to 2 years) and used (3+ years) tiers; many decisions within 24 hours |
What construction equipment can be financed?
Almost any plant with a supplier invoice or a clear title: excavators from mini to large, wheel loaders, skid steers and track loaders, bulldozers and graders, mobile and crawler cranes, concrete pumps and mixers, compactors, dump trucks, telehandlers, and attachments such as buckets, breakers and augers. Ask the supplier for an itemised invoice so the lender can see exactly what it is financing and your accountant can depreciate each item correctly. The excavator finance and crane finance guides cover those machines in detail.
New or used construction equipment?
NAB and Westpac publish finance for new or used equipment, and Grow Finance prices new (0 to 2 years old) and used (3 years or more) assets on separate tiers. Lenders set a maximum age at the end of the term, so an older machine gets a shorter term, and may ask for an inspection or valuation. For a private sale, expect to provide proof of ownership and for the lender to run a PPSR search, so you do not inherit someone else's finance on the machine.
Contract income and repayment structures
Construction income is lumpy: progress claims, retentions and gaps between jobs. A few published structures help.
- A delayed start. Westpac publishes an option of three months before the first repayment, with the interest capitalised.
- Seasonal or irregular rentals. BOQ publishes seasonal rentals on commercial hire purchase, payable at nominated intervals.
- A balloon matched to your replacement cycle. Offered by Westpac, ANZ, CommBank and Bendigo Bank; set it below what you expect the machine to be worth when you trade it.
- Pre-approval before you tender. Bendigo Bank describes pre-approving equipment finance for a structural steel customer on its equipment finance page.
Tax on construction equipment
On a chattel mortgage or hire purchase, a GST-registered business claims the GST in the price on its next BAS and depreciates the machine. Small businesses with aggregated turnover under $10 million can immediately deduct an eligible asset costing less than $20,000, a threshold made permanent from 1 July 2026, which suits attachments and tools; larger plant goes into the small business pool at 15% in the first year and 30% after that. The equipment finance tax benefits guide has the detail.
Construction equipment you can finance
New and used, from dealers or private sellers, subject to each lender's age limits.
Related guides
WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees, or other loan amounts might result in a different comparison rate. Comparison rates are calculated on a secured loan of $150,000 over 25 years for home loans, a loan of $30,000 over 5 years for car and personal loans, and $50,000 over 5 years for equipment finance, unless the lender states another basis.
Construction equipment finance FAQs
What construction equipment can I finance?
Can I finance used construction equipment?
How much deposit do I need for construction equipment finance?
What finance structure is best for construction equipment?
Can new construction businesses get equipment finance?
How quickly can I get approved for construction equipment finance?
Who has the best financing on mini excavators?
What are the repayments on $150,000 of construction equipment?
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