Chattel mortgages offer business benefits, freeing up your capital but allowing you to take ownership of your new vehicle or equipment. Get fast approval on a chattel mortgage with our professional finance brokers.
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Invest in a new vehicle for your business while maintaining a healthy cash flow. A chattel mortgage offers business purchasers several advantages such as 100% financing, plus tax and GST benefits. Your business takes ownership of a vehicle or equipment at the time of purchase, while the lender holds a mortgage over the asset until it is fully paid. Chattel mortgages often come with flexible repayment options to suit business cash flow, such as structuring payments to be higher when revenue is higher.
Businesses can secure a chattel mortgage for the total cost of the chattel, including insurance and extended warranties, without a deposit or with a minimal upfront payment, preserving working capital for other operational needs. At Anyfin we have years of experience structuring chattel mortgages for businesses that want affordable finance solutions. You can tap into our network of over 20 lenders via our streamlined application process. Get realistic advice, quick approvals, and business level support on your chattel mortgage.
A chattel mortgage is a type of business loan where you take ownership of an asset (like a vehicle or equipment) at the time of purchase, but the lender holds a security interest over it until the loan is fully repaid.
You can finance a wide range of assets, including vehicles, machinery, and equipment necessary for your business operations.
A chattel mortgage offers benefits like immediate ownership, tax deductions on interest payments and asset depreciation, GST credits, and fixed repayments that help with budgeting. Another benefit is that you can often avoid a deposit and the chattel mortgage can cover the total cost of the chattel, including the added costs of insurance and extended warranties.
Anyfin offers flexible repayment options that can be tailored to match your business’s cash flow. This can include seasonal payment structures or balloon payments at the end of the term. A balloon payment is a larger, lump-sum payment due at the end of the loan period. This can reduce your regular monthly payments, which is helpful for managing cash flow throughout the loan term. The maximum term typically ranges up to 5 years, but this can vary depending on the type of asset and its expected life.
You can start by filling out an application online or contacting an Anyfin finance specialist on this website.
