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ANZ Business Vehicle and Equipment Finance
Financing the purchase of essential assets for your business helps reduce the impact on your cash flow.
ANZ Vehicle and Equipment Finance offers flexible repayment options and can help you be financially ready for today, tomorrow and the unexpected.
- Flexible cash flow solutions
- Approved customers may not have to pay a deposit
- The assets will be used as security
- Rapid replacement process available
Run and grow your business with a tailored ANZ Vehicle and Equipment Finance solution.
1-5 yeardisclaimer
Loan term
$7,500
Minimum amount
Monthly and tailored
Repayments
Vehicle finance
Interest rate
Calculated on request
Vehicles you can get finance for:
- Passenger cars
- Van and light commercial vehicles
- Trucks and trailers
- Buses
Equipment finance
Interest rate
Calculated on request
Equipment you can get finance for:
- Construction and agricultural
- Manufacturing
- Health
- Office
How it works
Looking to replace or upgrade an existing financed or recently paid out* business asset?
It's now simpler and faster! You could have an application approved in days with minimal documentation needed.
Provided the proposed monthly repayments on your new contract are equal, or lower than, your existing or recently completed contract.
*Up to 90 days from payout
Eligibility requirements
To be eligible you must
- Have not opened a new commercial lending facility in the last 90 days
- Meet the minimum monthly repayment criteria
- Satisfy a credit check
Terms and conditions and eligibility criteria apply.disclaimer
No additional security required
Financed assets will be used as security, freeing up your valuable capital for other cash flow needs.
Flexible repayment structure
You can structure repayments to suit your cash flow over the life of the loan, helping you manage the ups and downs of your business.
You may not need to pay a deposit
Approved customers may not have to pay a deposit for the vehicle or equipment, which means your valuable capital can be kept for other business needs.
ANZ Energy Efficient Asset Finance Program
ANZ has a co-funding finance program with Clean Energy Finance Corporation (CEFC) providing discounted finance, on approved clean energy technology, to ANZ small business customers.
Take advantage of new energy efficient technologies and assets with the help of a 0.5%p.a. discount on your standard asset finance rate. We will work with you to confirm the eligibility of the asset.
Contact a business specialist to find out more.
Step 1: Get a quote
Speak to one of our dedicated business banking specialists who will help you understand the amount you can borrow, and explain the rates and fees associated with the loan.
Step 2: Apply
After you've received your quote, one of our business banking specialists will work with you to provide the documents you will need to apply.
Step 3: Submit and sign
Once the required documentation has been received from you (such as a final tax invoice for the purchased asset) we will send through the documents that need to be signed.
Step 4: Your finance is ready
Once we’ve received all required documents our specialists will pay the invoice for your vehicle or equipment and it’ll be ready for you to collect.
Who can apply?
Eligibility
To be eligible for ANZ Vehicle and Equipment Finance, you will need to meet eligibility criteria including:
- be an Australian citizen
- be 18+ years of age
- be a director of the business entity, a partner in the partnership or a sole trader
- be the key financial decision maker for the business
In addition, your business will need to have an ABN number and the vehicle or equipment's main function must be used for business purposes.
Not eligible?
At ANZ, we offer flexible and tailored lending solutions for businesses.
Find out how you can get on top of business with our range of other business loans and overdrafts to help you manage your cash flow or grow your business.
Speak to a business banking specialist on 1800 351 663.
Submit your details
Send us your information and a business banking specialist will get back to you as soon as possible.
Call us
Contact the Asset Finance team Mon-Fri 8.30am to 6pm (AEST).
Have a question?
Explore other lending options
ANZ GoBiz
Applying online for a business loan or overdraft is easy. Get conditional approval in just 20 minutes, where eligible.disclaimer
Business loan amount:
$10k – $500,000
Overdraft limit:
$2k – $300,000
Term length:
Business Loan: Up to seven years with a variable rate, or up to three years with a fixed rate.
Overdraft: No minimum or maximum term
Security:
Unsecureddisclaimer
ANZ Business Loan
An easy-to-use and flexible business loan that can be tailored to suit your lending needs.
Loan amount:
Minimum $10,000
Term length:*
1 – 15 years for unsecured loans
1 – 30 years for secured loansdisclaimer
Security:
Secured or unsecureddisclaimer
*Term lengths are subject to the relevant product terms and conditions, eligibility and credit criteria, and will vary according to the security provided.
ANZ Business Overdraft
An ANZ Business Overdraft allows you to access additional funds up to an approved limit whenever you need it.
Overdraft limit:
Minimum $2,000
Term length:*
No minimum or maximum term
Security:
Secured or unsecureddisclaimer
*Term lengths are subject to the relevant product terms and conditions, eligibility and credit criteria, and will vary according to the security provided (including financed assets).
We're here to help
Interest rates are current as at and are subject to change.
Any advice does not take into account your personal needs, financial circumstances or objectives and you should consider whether it is appropriate for you.
ANZ recommends you read the applicable Terms and Conditions and the ANZ Financial Services Guide (PDF) before acquiring the product.
This is general information only and does not constitute tax advice. We recommend you obtain independent advice from a financial planner and registered tax agent if you are considering whether this product is right for you.
Products are available to approved applicants for business purposes only. Asset must be used for business purposes only, minimum amount $7,500. All applications for credit are subject to ANZ's normal credit approval criteria. Terms and conditions available on application. Fees and charges apply.
The term length is subject to the product terms and conditions, eligibility and credit criteria including purchase of an asset acceptable to ANZ. For a term of up to 5 years the asset must meet ANZ’s security requirements including age, type and intended use of the asset must be acceptable to ANZ.
ReturnTerms and conditions, eligibility and credit criteria apply for ANZ’s rapid replacement process, including:
- Your proposed monthly repayments on the asset finance facility are equal to, or less than, your existing monthly repayments.
- You are replacing your asset finance facility (fully paid out up to 90 days prior to ANZ approval) with a new ANZ asset finance facility.
- Your existing asset finance facility has been established for a minimum of 12 months.
- Your total business borrowings with ANZ are less than $1.5 million including the funding under the replacement application.
- You must be an ANZ business customer
- You have not opened a new commercial lending facility in the last 90 days, with ANZ or any other financial institution.
- Finance up to $150,000 for motor vehicles and $500,000 all other assets accepted by ANZ.
- You satisfy the credit criteria.
- The term and the age of the asset being financed meet ANZ's credit requirements.
- All other ANZ asset finance policies and procedures apply.
Applicants for ANZ GoBiz need to meet eligibility and credit criteria. Once approved, you'll need to sign and return your documents. Once we receive these, your funds will be in your business account within 2 business days.
ReturnFor an unsecured loan you won’t need to provide an asset as security, although a personal guarantee may be required in cases of directors.
ReturnThe term of the loan will be subject to relevant product terms and conditions, eligibility and credit criteria, and will vary according to the loan amount and security provided. Eligibility criteria for an ANZ Business Loan with a 30-year loan term includes:
- total credit facilities with ANZ, including new loan funds as part of the application and any credit facilities held by related entities, must be less than $3 million;
- loan purpose acceptable to ANZ; and
- provision of security acceptable to ANZ, meeting ANZ’s security requirements including minimum security coverage and suitable security location.