Where ANZ fits, and the Esanda history that explains it
For decades, Esanda was ANZ's finance company and one of the biggest names in Australian vehicle and equipment lending. ANZ sold the Esanda dealer finance portfolio to Macquarie in 2016, and that sale still explains ANZ's shape in this market: the bank kept asset finance as a product for its business customers, but stepped back from the dealer-introduced volume game that Macquarie and the specialists now dominate.
The result is that ANZ equipment finance today is fundamentally a relationship product. It is written by business bankers for businesses that bank with ANZ or are moving their banking there, and through accredited brokers. It is competitive on standard commercial assets for established customers, and it is not trying to win every used-excavator private sale in the market.
ANZ finances the usual commercial classes: transport and logistics assets, construction and earthmoving equipment, agricultural machinery, manufacturing plant, and medical and professional equipment.
Structures: equipment loan and finance lease
ANZ's equipment loan is a chattel mortgage structure: the business owns the asset from settlement, ANZ registers a PPSR security interest, and a GST-registered business on an accruals basis can generally claim the full GST input credit upfront in the next BAS. Interest and depreciation are deductible to the extent of business use, and the instant asset write-off applies to eligible assets under the threshold.
The finance lease alternative has ANZ owning the asset while the business pays fixed rentals with a residual at the end, claiming GST progressively on rentals. Commercial hire purchase has faded from ANZ's menu as it has across the majors since the 2012 GST changes; the equipment loan is the default ownership structure.
Balloons and terms of one to seven years are standard. The same arithmetic applies as everywhere: a balloon cuts the monthly repayment, raises total interest, and leaves a lump sum to deal with at the end. Our equipment finance calculator models the exact trade-off.
Pricing and the files ANZ does well
ANZ prices equipment deals individually rather than from a published rate card, off the standard variables: asset type and age, term, balloon, deposit, and the financial strength and history of the borrower. Market-wide, 2026 equipment finance has priced roughly between 5.5 and 12 per cent p.a.; established ANZ business customers buying new mainstream assets sit toward the sharp end of their market tier.
ANZ's digital lending investment matters at the smaller end. GoBiz, its accounting-data-driven application path, lets eligible businesses apply using live Xero, MYOB or QuickBooks data rather than assembling PDFs, which shortens the evidence-gathering that usually slows bank applications. Larger and more complex equipment deals still run through bankers in the conventional way.
Where ANZ is less likely to win: very young ABNs, older or unusual assets, private sales, and credit-impaired files. Those belong with specialist lenders first, which is precisely the comparison an accredited broker runs across ANZ and the wider panel in one pass.
Eligibility and application
Expect the standard requirements: active ABN, GST registration for the GST benefits to be available, director identification, and servicing evidence, with full financials for full-doc applications and conduct-based paths for established customers within policy limits. Companies, trusts, partnerships and sole traders can all borrow, with director guarantees standard on corporate files.
Existing ANZ business customers should start with their banker, because account visibility does real work on approval speed and pricing. New-to-bank borrowers should treat ANZ as one quote in a broker comparison rather than the destination: if ANZ wants the wider banking relationship, the equipment rate is one of the levers it can pull, and it is worth knowing what the rest of the market says first.
Product lineup at a glance
Below is the current published product range. Rates are not listed inline because they change with the cash rate and per-borrower credit overlay. Click through to the lender's own rate card for the live figure.
The honest pros and cons
- Big-four balance sheet with equipment finance integrated into full business banking
- Chattel-mortgage equipment loans with balloons and terms to seven years
- GoBiz digital path uses live accounting data, cutting paperwork for eligible applications
- Competitive relationship pricing for established ANZ business customers on mainstream assets
- Thinner presence in dealer-introduced and specialist asset finance since the Esanda sale to Macquarie
- No published equipment rate card: pricing requires a quote
- Conservative appetite on young ABNs, older assets and private sales
- Best outcomes generally require, or are priced assuming, a broader ANZ banking relationship
Frequently asked questions
Does ANZ still do equipment finance after selling Esanda?
Yes. ANZ sold the Esanda dealer finance portfolio to Macquarie in 2016, which ended its dealer-introduced finance business, but ANZ continues to write equipment and asset finance directly for business customers and through accredited brokers: equipment loans, finance leases, balloons and terms to seven years across standard commercial asset classes.
What is the difference between an ANZ equipment loan and a finance lease?
With the equipment loan (a chattel mortgage), your business owns the asset from settlement, ANZ holds a PPSR security interest, and an accruals-basis GST-registered business can generally claim the full GST credit upfront. With a finance lease, ANZ owns the asset, you pay fixed rentals and claim GST progressively on each rental, and a residual applies at the end of the term.
What are ANZ equipment finance rates in 2026?
ANZ does not publish a standing equipment finance rate card; deals are priced individually on asset, term, balloon, deposit and borrower strength. As a market anchor, Australian equipment finance in 2026 has generally run from roughly 5.5 to 12 per cent p.a. A broker comparison shows where ANZ prices your file against the rest of the market.
Can a new business get equipment finance from ANZ?
ANZ's policy, like most major banks, prefers established trading history and financials that demonstrate servicing. Startups and young ABNs are not excluded outright but face tighter conditions: deposits, strong assets and clean personal credit help. Many young businesses finance their first assets through specialist lenders with startup-friendly policy and refinance to a major bank once they have history.
Should I go to ANZ directly or through a broker for equipment finance?
If you already bank with ANZ, get your banker's quote: relationship pricing on visible cash flow can be sharp. Either way, it is worth having an accredited broker test the same file across the wider market, including specialists that beat major banks on used assets and younger businesses. The broker costs the borrower nothing; the settling lender pays the commission.