Chattel Mortgage

Equipment finance with immediate ownership

Immediate ownership of the equipment for your business needs.

It gives:

  • Full ownership of goods - Suncorp take a charge over the goods financed
  • Competitive fixed interest rate
  • Structure the instalments to suit your cash flow

Feature Description
100% Finance Choose between paying a deposit to reduce the overall debt or ask us to finance 100% of the purchase price of the goods.
Interest Charged on the reducing balance.
Flexible 1 to 5 years terms available.
Balloon A lump sum payment due at the end of the agreement. It helps to reduce instalment amounts during the loan.
Instalments Fixed principal and interest intalments.
Security Security is usually taken over the equipment that is financed. Your property is free for other lending. We might ask for additional security.

Fees

Item Description
Establishment Fee $300.00 (minimum).
Other fees and government charges associated with each Chattel Mortgage will vary depending on the state you are in, the vendor of the goods being purchased, the amount of finance involved, and any Federal government charges.
Please contact your Equipment Finance Specialist on 1300 65 11 25 for more information.

Important Information

Equipment Finance products are offered by Suncorp Metway Advances Corporation Pty Ltd ABN 89 100 845 127. The above information is for approved applicants only and subject to terms and conditions. For a copy of the terms and conditions please call 1300 65 11 25.

This is not business, financial, legal or taxation (including GST) advice. Get independent advice on how the Asset Purchase might impact your business, financial, legal or taxation position.

Ready to apply?


If you have any questions, contact us

 

 
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Contact Us. Call us on 13 11 55. BSB: 484-799 for all Suncorp branches.
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