This type of finance is designed for the purpose of providing finance for companies and business professionals to purchase goods such as motor vehicles, trucks, earthmoving, industrial plant and professional equipment, which are for business use more than 50% of the time. A Chattel Mortgage is an agreement whereby the borrower takes ownership of the goods and the Lender secures the loan by registering a charge over the goods.


Features and benefits...

The charge document remains effective until such time as repayment of the advance has been made by the payment of predetermined instalments. A Bill of Sale or Stock Mortgage operates on the same basis as a Chattel Mortgage.

You own the goods your business needs without paying for them up-front. So you can put your day-to-day cash flow to better use.

The borrower may be entitled to claim interest paid and depreciation on the goods. You should seek independent taxation advice, as this may not be applicable to your situation.

Repayments can be tailored to suit your individual needs. You can also arrange to make a balloon payment at the end of the loan to reduce repayments throughout the term.

Contact us now to find out how we can help with your leasing requirements

Click on these links below for more information on Leasing...

Hire Purchase
Standard Lease
Novated Lease


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