Chattel Mortgage Calculator
You get ownership of the goods on delivery and we’ll take a charge over the goods. Otherwise this product is very similar to a Commercial Hire Purchase, although the fee structure is a little more complicated. Calculate your chattel mortgage repayments.
Chattel Mortgage Finance
Apply for chattel mortgage finance.
Consult our competitive chattel mortgage rate chart below:
Use our Chattel Mortgage Calculator
Chattel Mortgage Interest Rates
- Interest rate is fixed throughout the term of the loan.
- We have chattel mortgage interest rates from 7.75%.
How do we rate against the banks?
Our Rates |
The Banks |
|
|---|---|---|
| Cars from | 8.27%* | ANZ Personal Loan rates from 13.89%† |
| Bikes from | 8.95%* | Westpac Personal Loan rates from 13.89%† |
| Boat from | 8.75%* | CBA Personal Loan rates from 13.80%† |
| Commercial from | 7.75%* | NAB Personal Loan rates from 13.40%† |
|
Apply for chattel mortgage finance. |
Apply Now |
When is Chattel Mortgage Appropriate?
The Chattel Mortgage is appropriate to finance goods for more than 50% business use. You (the customer) take ownership of the goods upon delivery, with us able to secure the loan by registering a charge over the goods.
Who can Benefit from Chattel Mortgages?
- Anyone wishing to finance the purchase of goods for business purposes this includes businesses, companies, partnerships and sole traders operating in Australia.
- You can purchase commercial vehicles including cars, vans and other business equipment.
Chattel Mortgage Key Features
- The title of the good is held in your name
- 100% finance can be provided by natloans
- Customised repayment schedules are made flexible and tailored to meet you circumstance and situation.
- A balloon or residual payment at fruition of the loan contact is available.
- A Chattel Mortgage may provide tax benefits if the financed goods are used to produce assessable income.
- Businesses, which collect GST on a cash bases can in turn claim an Input Tax Credit for the GST of the purchase price of the chattel mortgage on the business's next Business Activities Statement.
- In Australia, most of our states require stamp duty to be paid on the repayments of the chattel mortgage.
- The term of the Chattel Mortgage is flexible and can be negotiated, subject to our approval (maximum term 60 months).
Chattel Mortgage Benefits
- You own the goods from the beginning of the chattel mortgage contract.
- You can obtain the goods for a minimal capital outlay.
- Seasonal cash flow can be incorporated in your repayment schedule
- A balloon or residual can be set up at the start of the chattel to decrease the interest paid
- You can pay lower instalments during the term of the contract and make a balloon payment at the end of the term.
- Tax benefits are available to business if the asset generates a taxable income
Chattel Mortgage Fees and Charges
- Establishment fee are payable with no applicable GST.
- If you require a cash booklet, additional charges apply.
- An ASIC fee is applicable for companies (varies between states).
Chattel Mortgage Repayment Schedules
Repayments can be made
- Fortnightly
- Monthly
- Yearly
- Quarterly
- Semi Annually
- Seasonal
- Irregular
Click here to review our Comparison Table of Loan Products
Related Loan Products to a Chattel Mortgage
Insurance should be consider as a safe guard
You can insure yourself againest unexpected mishaps
*Terms, fees and conditions apply. To approved applicants only. Rates are guide only and assume clear credit.
†rates advised on their respective websites. Information correct as at 18th of September, 2009
