Mining Equipment Finance for Mining and Quarry Operators

Yes. We regularly settle multi-mining equipment deals for Australian fleets, often splitting the package across more than one lender to fit each asset's spec and your overall structure.

Yes. Mining Equipments, attachments, trailers and related equipment are all on the panel. Equipment security can be structured independently of mining equipment finance if that better suits the deal.

A chattel mortgage gives you immediate ownership of the mining equipment while the lender holds it as security. You claim GST upfront and depreciate the mining equipment for tax. It is the most common structure for established Australian owner-operators. A finance lease keeps the mining equipment on the lender's books with set monthly payments and an optional residual paid at the end of the term. Useful for fleet operators managing repayments against vehicle turnover. Your Australia-based mining equipment finance specialist will recommend the structure that suits your business and tax position. Read the full chattel mortgage vs finance lease comparison.

Contract and hire income recognition is how a specialist lender reads income from contract, hire and project income and BAS rather than treating only PAYG salary as income. Bank credit templates often miss this. Specialist lenders read contract and hire income accurately, which is why established Australian operators frequently get pre-approved on deals that mainstream banks decline.

Low-doc mining equipment finance is finance assessed on a reduced documentation set, usually a Director declaration plus business activity statements or recent bank statements, rather than full financials. It is faster to process and common for established small-fleet operators in Australia who would rather not produce two years of full tax returns for a single asset purchase.

Pre-approval is a conditional finance approval issued before you commit to a mining equipment. It sets the maximum loan amount, indicative rate, term and repayment structure so you can negotiate with dealers, private sellers or auction houses on solid ground. Equifund pre-approvals are typically issued within 24 hours of form submission.

An Australian Credit Licence (ACL) is a licence issued by ASIC permitting a business to engage in credit activities under the National Consumer Credit Protection Act. Equifund holds Australian Credit Licence 389328. Working with an ACL holder is a baseline regulatory protection for the borrower and a baseline trust signal for any Australian finance provider.

Yes. New, demo and used mining equipment including articulated dump trucks, off-highway haul trucks, large excavators, dozers, graders, water trucks and specialist mining gear for tier-one mining contracts are routinely financed through specialist lenders on our panel.

Yes. Lenders on our panel score mining equipment on contract income, BAS and active mining services contracts with BHP, Rio Tinto, FMG and other tier-one operators.

A machine you have found for sale online can be financed whether the listing sits with a dealer, a marketplace or a classifieds page. The lender assesses the machine itself, so the make, model, year, hours and the type of seller matter far more than where the advertisement appeared. Send us the listing and we will confirm what that lender needs to see.

There is no fixed age or hours cut-off across the panel. Lenders weigh the machine's make, model, hours and condition against your trading history, so a well-maintained high-hour machine from a mainstream brand is often funded where a rarer machine of the same age is not. Older machines may attract a shorter term or a deposit.

To apply for machine finance you need an active ABN, recent BAS or bank statements, the machine details including serial number, hours and year, and the supplier invoice or quote. If the work is contracted, the contract or purchase order helps. We confirm exactly what your lender match needs after a quick call.