"We contacted Fast Funding 4U for help with refinancing a bus. Paul was reliable, helpful and professional to deal with and had very good communication. The Fast Funding 4U team have helped us to cut costs down by refinancing our existing loans."
Try Our Free Equipment Finance Calculator
Search the market in minutes. Simply enter your business details and desired loan terms below—our machinery finance calculator does the rest, presenting you with suitable financing options. It’s free to use and offers quotes in seconds. Find heavy machinery loans today!
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Best Result
6.79%
Total amount payable
$46,467+
Balloon payment of
$15,000Monthly Payments
$774Current Rates for Machinery Finance in Australia
Evaluate your machinery funding needs alongside the current rates from our top lenders.
7.59%
7.95%
7.6%
6.7%
7.59%
7.95%
7.6%
6.7%
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Narrow Down Your Search With a Machinery Loan Repayment Calculator
By answering some simple questions, we can narrow down the lenders you’re potentially eligible for commercial equipment loans. This also allows clients to know which lenders they are eligible for.
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Select one or more lenders that you are interested in finding more information about.
How Our Heavy Equipment Financing Calculator Works
Our calculator provides a straightforward way to work out your equipment financing needs. The calculator is based on providing no-document loans up to $500k and a guide for automatic pre-approvals subject to the guidelines of banks, this does not mean the lender panel will not accept your finance request. You may have to provide more information and financials for your business to be granted a loan.
In real-time, it considers your business or personal details and provides accurate, competitive rates to match your circumstances. We offer over 40 lenders to match your unique needs. Each one will consider your:
- Credit history: A strong credit score can lead to better interest rates. However, even a poor score may be considered, such as length of time in business, previous credit history, own property, or having a large deposit.
- Business profile: Your trading history and GST registration may affect your financing. Lenders prefer businesses that have been trading for over two years and are GST-registered. They view this as a stable and safe investment—the longer you’re in business, the better the rates. You can also support your claim by showing industry experience, work contracts, and if you have secure employment.
- Homeownership: Being a homeowner can significantly assist with better rates. This does not mean you’re using your house as collateral. Your profile is more appealing to the bank and seen as less of a risk than non-homeowners, which can mitigate the risk by putting in larger deposits to satisfy the bank’s risk assessments.
Get the equipment you need without the stress, and see why so many businesses and consumers trust us for their financing needs.
Choose Fast Funding 4U for Equipment Finance
Whether you’re a construction company needing a new excavator, a manufacturing business looking for advanced packaging equipment, or an individual seeking specialised tools, our flexible finance machinery lenders have you covered. We ensure you get:
- Competitive rates
- Quick approvals
- Tailored terms
Our streamlined process eliminates the stress of traditional equipment finance in Australia, allowing you to focus on growing your business and managing your finances. Enjoy the peace of mind that comes with knowing you have a reliable financial partner.
The unique Fast Funding 4U process involves understanding your business needs and financial goals. We take the stress out of going directly to a bank and facing restrictive eligibility criteria that are difficult to pass.
Our step-by-step application process includes flexible terms and long-term industry expertise, which allows you to focus on what matters—growing your business.
Feedback on Our Calculator for Business Equipment Loans
See what our happy customers have to say about our free market search calculator.
Al Wilson
Flamin' Galah
"As a one year old business, I was trying to get a loan to buy a mobile Crane. Three brokers couldn't find me a lender - until I contacted Ed and he got it over the line for us."
Joy Latchanna
www.WELDEUR.com.au
What Types of Machinery Can I Finance?
Our calculator for machine finance covers a broad range of equipment, from heavy construction equipment to office equipment like printers and copiers. Whether industrial or office-based, we have tailored financing options to match your needs.
What Type of Documentation is Required for Machinery Finance Approval?
The documentation required for construction machinery finance approvals depends on your specific circumstances. Typically, you must provide ID, a medicare card, an application form, and a privacy consent form sent from our team. This is to determine pre-approval.
If conditions are only half met, the bank may request three months of bank statements to check your trading history and servicing ability for pre-approval.
For businesses that do not meet the criteria of the banks, or are asking for higher amounts than the bank can offer under no-document loans or partial document loans, they will normally request:
- 2x BAS statements
- ATO portal
- One to two years of business financials
For startup businesses, the banks may ask for a cash flow forecast, work contracts, bank statements, and background history.
How Quickly Can I Receive Machine Finance Funding After Approval?
The approval process varies from one claim to the next. Once all documentation is provided, the processing time can vary from hours to two days, depending on the bank.
With our calculator, you can find a fast route to funding. By using no-document loans to streamline the process, you’ll find a suitable deal quickly, after which you can begin your application immediately.
Can I Finance New and Used Equipment?
Yes, you can purchase new or used commercial equipment finance. Most items can be financed as long as there are serial or VIN numbers. Banks have specific criteria to meet. Some banks have age limits, but with the panel of lenders available to Fast Funding 4U there is every opportunity to find a suitable solution quickly. The only change with financing used items is the rate—the older the machine, the higher rates may be.