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 |
Steps to Getting a Chattel Mortgage
Step 1 – Knowledge is power
Inform yourself on what a chattel mortgage is and how they work you can make an informed decision. Chattel mortgages are very common and will
Step 2 – Pre-approval
There is no better negotiator than CASH. By getting pre-approval then you will ensure that you don’t get pressured into car there and then.
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
