Excavator Finance Bendigo

We finance excavators across every class: mini (under 6t), compact (6-10t), midi (10-20t), standard (20-30t), large (30-50t) and oversize/mining-class (50t+). Plus the broader earthmoving fleet, dozers, wheel loaders, skid steers, backhoes, telehandlers, dump trucks and attachments. All major makes including Caterpillar, Komatsu, Hitachi, Kobelco, Volvo, Kubota, Sany, Doosan, Sumitomo and Yanmar. New, used, demonstrator, dealer or private sale.

Pre-approval typically comes back inside a business day when your application is complete. Settlement happens once you have signed contracts and any final lender conditions are met. Specialist asset lenders move faster than major banks on earthmoving deals because they assess the machine and contract income directly rather than waiting on property valuations.

No. Equifund's specialist lender panel includes options that assess on the asset, your earthmoving project income and trading history rather than requiring property as security. This matters most for owner-operators, civil subbies and family earthmoving operations who don't want to lock the property folio.

$0 deposit is available for prime applications, especially established operators with active site contracts or quarry/Big Build subcontract work. New ABNs typically need some contribution, but $0 deposit on the right deal is common for ongoing operators with verifiable project income.

Yes, used (including ex-fleet, ex-mining and end-of-cycle machines), private sale and auction purchases are all financeable through the specialist asset lenders we work with. Major banks typically have age cut-offs that knock out older machines; specialist lenders look at the asset condition and hour-meter rather than calendar age alone.

Yes. Refinance is common when an existing deal was settled at high rates, has an unfavourable structure (balloons, restrictive covenants) or is consolidating multiple machines into one facility. We compare your current setup against the specialist panel and present options.

A panel of 80+ Australian lenders spanning major banks, specialist asset financiers and non-bank lenders that specifically understand earthmoving project income, site contracts and the residual value of excavators across the class range.

Yes. Fleet deals, two or three machines for a single contract, or a staged purchase across a 12-month pipeline, are common. The lender panel includes options that split fleet deals across facilities or fund them under one master agreement, depending on your structure.

Yes. Attachments (buckets, hammers, augers, grapples, tilt-hitches, mulching heads, grading beams), low loaders and tilt trays are all financeable, either bundled with the excavator purchase or as standalone asset deals.

Chattel mortgage: you own the excavator, claim depreciation and GST, and the lender holds security over the asset. Finance lease: the lender owns the machine and you make rental payments; GST is claimed on each payment. Most owner-operators run chattel mortgage for the depreciation; fleet operators sometimes mix lease for cash flow reasons. Both are available across the specialist panel.

Project income recognition is how a specialist lender reads income from civil contracts, site-based progress claims, quarry production agreements and earthmoving project activity rather than treating only PAYG salary as income. It matters for established operators whose income comes from contracted site work, not a fortnightly pay slip.

Low-doc excavator finance is asset finance approved on a reduced document set, typically BAS, bank statements and the contract or quote, rather than full financials and tax returns. Best suited to established operators with an active ABN, trading history and verifiable project income who don't have current-year financials prepared.

Pre-approval is a conditional credit decision from a specialist lender before you commit to a specific machine. It gives you a confirmed budget, repayment estimate and a contract window to find the right asset. Pre-approval is a credit decision, not a guarantee, final approval is subject to the chosen excavator meeting the lender's asset criteria.

An Australian Credit Licence (ACL) is the ASIC authorisation required to engage in regulated credit activities in Australia. Equifund operates under ACL 389328. This means we are bound by responsible lending obligations and the National Consumer Credit Protection Act when arranging finance.

Yes. Big Build civil subcontract work, West Gate Tunnel, North East Link, Suburban Rail Loop, Metro Tunnel, is a strong asset case for specialist lenders. Contract value, head-contractor relationship and asset condition are weighted directly. We have funded excavators, dozers, wheel loaders, tippers and bulk earthworks fleets for tier-1 and tier-2 subbies across the Big Build pipeline.

Quarry and bulk earthworks income is read from production agreements, head-contractor purchase orders and ongoing site contracts rather than monthly PAYG. Specialist lenders on the panel understand basalt, granite, recycled materials and bulk fill production cycles and structure repayments around the contract calendar, not a flat monthly cycle that doesn't match how site work pays out.