Equipment Finance Rates Australia

Loan Calculator

Estimate your repayments before speaking with an Equifund specialist.

Finance type

Loan amount

Enter the approximate amount you’d like to finance.

Annual interest rate 8.00% p.a.

3% 18%

Term 60 months

12 months 84 months

Balloon / residual 0% of loan

0% 60%

Percentage of the loan left owing as a final lump-sum (balloon / residual).

Estimated repayments

Monthly repayment

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Approx. weekly

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Loan amount $0.00

Interest rate 0.00% p.a.

Term 0 months

Balloon / residual $0.00

Total repayable (incl. balloon) $0.00

Estimated interest over term $0.00

This calculator provides an estimate only and does not constitute an offer of finance. Actual repayments will depend on your profile, lender and product.

Current equipment finance rates from 80+ Australian lenders. Understand what affects your rate, compare typical ranges for different equipment types, and find out how to secure the most competitive deal for your business.

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EQUIPMENT FINANCE RATES

Understanding Equipment Finance Rates in Australia

Rates in the Australian equipment finance market currently range from around 6.5% to 12% per annum depending on the borrower and asset. Strong applicants financing new equipment from major brands typically attract the lowest rates, while older assets or complex credit profiles sit higher in the range.

Equipment finance rates vary significantly based on your credit profile, the type of equipment, the age of the asset, and the lender you choose. Going direct to a single bank means you only see one rate. Working with a broker like Equifund means we compare rates from 80+ lenders to find the most competitive option for your specific situation.

Trucks

Semi-Trailers & Trailers

Refrigerated trucks

Excavators & Loaders

Cranes & Site Machinery

Trailer Trucks

Tractors & Harvesters

Yellow Goods

Skid Steers & Access Equipment

Your credit profile and business history

Clean credit history and established trading history attract the best rates. However, we have lenders for every profile including new businesses, impaired credit, and self employed operators.

Asset type, age, and brand

New equipment from major brands attracts lower rates than older or lesser known assets. Trucks, trailers, and excavators from premium brands are considered strong security.

Loan amount and term

Larger loans can attract volume discounts. Shorter terms generally have lower rates but higher repayments. Your broker balances these factors for your cash flow.

Loan structure and deposit

Chattel mortgages, finance leases, and hire purchase each have different rate profiles. A deposit can reduce your rate. Your broker recommends the best structure for your tax and cash flow position.

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New trucks: 6.5% to 8.5% p.a.
Used trucks (under 5 years): 7.0% to 9.0% p.a.
Used trucks (5 to 10 years): 7.5% to 10.0% p.a.
Prime movers: 6.5% to 9.0% p.a.
Light commercial vehicles: 6.5% to 8.5% p.a.
Fleet deals may attract lower rates

New excavators: 7.0% to 8.5% p.a.
Used excavators: 7.5% to 10.0% p.a.
Loaders and dozers: 7.0% to 9.5% p.a.
Cranes: 7.0% to 9.0% p.a.
Telehandlers: 7.5% to 9.5% p.a.
Concrete equipment: 7.5% to 10.0% p.a.

New tractors: 6.5% to 8.0% p.a.
Used tractors: 7.0% to 9.5% p.a.
Harvesters: 6.5% to 8.5% p.a.
Farm implements: 7.0% to 9.5% p.a.
Irrigation systems: 7.5% to 10.0% p.a.
Seasonal repayment structures available

New trailers: 7.0% to 8.5% p.a.
Used trailers: 7.5% to 9.5% p.a.
Refrigerated trailers: 7.0% to 9.0% p.a.
B-double sets: 7.0% to 8.5% p.a.
Specialty trailers: 7.5% to 10.0% p.a.
Fleet packages may attract discounts

HOW THE PROCESS WORKS

How to Get the Best Equipment Finance Rate

Follow these steps to position your application for the most competitive rate available.

Complete the Form
In 60 Seconds

Provide us with some basic information about your business and financing requirements via our secure website.

Speak With an
Industry Specialist

Your brokers assess your requirements and guide you through gathering the right documents to secure approval quickly.

Get Pre-Approved
Over the Phone

Receive a clear pre-approval with transparent terms and repayment options that suit your cash flow.

Financing
Secured

Your finance broker will work with you to source the best funding offers available and guide your application to success.

Barinder Singh

Transport Operator

Non-property owner

No deposit

24hr turnaround

2025 Tipper Trailer

Transport

$150,000

Barinder needed a new tipper trailer to keep up with growing contract work but didn’t own property and didn’t have a deposit available. Traditional lenders declined the deal based on security requirements.
We structured the finance around the strength of the business income and the asset itself, delivering approval and settlement within 24 hours so the trailer could be put straight to work.

Get a Quote Like This

2005 CAT Excavator

Contractor

$60,000

Neil was purchasing a used excavator to support ongoing civil jobs but needed a simple low-doc solution without extensive financials slowing the process down.
We secured approval within 24 hours using a streamlined low-doc structure , allowing him to secure the machine before another buyer stepped in

Get a Quote Like This

Bradley Moore

Owner-Driver

Private sale

Low Doc

24hr approval

2019 Scania Truck

Contractor

$100,000

Bradley found the right truck through a private seller and needed fast finance to avoid losing the deal. The transaction structure made traditional lenders hesitant.
We arranged a low-doc facility tailored to a private sale purchase and delivered approval inside 24 hours, enabling Bradley to secure the vehicle and get back on the road generating income.

Get a Quote Like This