Angle Finance is an Australian non-bank lender that finances equipment and vehicles for businesses. It offers secured finance for commercial vehicles up to 4.5 tonnes, such as sedans, utility vehicles and all-terrain vehicles, and for yellow goods such as excavators, backhoes, forklifts and mowers. It also finances commercial trucks up to 12 tonnes GVM, trailers and caravans used for commercial purposes, as well as secondary and tertiary assets.
Angle Finance offers 100% finance on equipment from $10,000 to $1,000,000, with fixed repayments. Equipment not shown in its examples may still be considered if it has a serial number and will be no more than 20 years old at the end of the term. Through its Vendor Program, equipment suppliers can offer finance documents in their own or the manufacturer's branding, with operating lease and rental options.
Angle Finance lists a monthly account keeping fee of $4.95, a direct debit dishonour fee of $15 for each unsuccessful attempt, and an early termination fee of $250 plus the remaining payout. All three amounts include GST, and the payout calculation method is set out in the contract terms and conditions.