Compare Commercial Interest Rates
Why Use Jade Equipment Loans?
Cheap equipment loan interest rates
Using Jade is the right decision
A company that delivers
Fixated on Securing the Lowest Interest Rates for Your Equipment Loan
Many people seeking any type of finance or loan, can become fixated on interest rates. This is not surprising when the media widely report the Reserve Bank’s decision on the official rate when the Board meets on the first Tuesday of each month and lenders advertise their interest rate as the main tempter to attract customers. This fixation can lead to unrealistic expectations when applying for finance.
At Jade Equipment Finance we are fixated on interest rates but in a good way – to ensure we get the cheapest interest rate for every finance deal and every loan offer we make to every customer. That’s our company policy and we’ve stuck to it over our 20 plus years in business and we will continue to well into the future.
We make that commitment because interest rates are an important part of any equipment loan. If you are signing up to a 2, 3, 4, 5 or maybe even 7-year loan term on large equipment purchases, then every small percentage variation in the interest rate on which that loan is structured, can result in a significant difference over the entire term of the loan. So the cheaper the rate we can get you upfront, the better your business bottom line at the end of the loan term.
Determining Your Interest Rate
Don’t be tricked by others offering cheap interest rates without reading the fine print AND doing a deep dive into all the other terms, conditions and charges associated with your overall finance deal.
Different lenders will offer different interest rates on machinery financing depending on how they view the risk, their specialty area, the costs involved in setting up and servicing the loan, their ability to source their funds and even international economic conditions.
When it comes to your specific equipment loan, the interest rate will be determined by a combination of factors:
- If the lender understands and has experience financing equipment in your sector and so has the confidence to finance your purchase.
- If the lender actually specialises in commercial finance or is more focussed on consumer loans or home loans.
- The amount you wish to borrow and how long you want for the term of the loan.
- The type of equipment and if used, the condition & age.
- Your credit profile and your assessed risk level, as determined by each lender.
- Your length of ABN
- If it is with financial statements & tax returns or no doc equipment finance.
Free Interest Rate Calculator
Using this online calculator is based on the individual’s knowledge as well as consent that the estimated repayments displayed does not indicate a loans quote; it does not imply an application for any kind of loans has been lodged; it is not an indication that any type of funding application has been approved. The format of this calculator does not allow for specific information pertaining to any particular personal finance application or any type of lending institution fees and costs. It is formatted to provide a general outcome based upon basic details and values only.
After lodging a formal financing application, the quote and repayment amounts that you may possibly be offered might vary from the quote calculated by this device.
The gadget is not appropriate for computations on loans that are established on a rate of interest only basis. The formatting is totally set up to compound the calculated interest rate for a chosen period based on the values entered by the site visitor.
The calculator is not meant as a device for financial decision-making. Users that call for financial advice ought to seek out an expert economic expert in regard to their personal circumstances. To apply for lending as well as receive a quote based on your personal requirements, the user has to contact Jade and have their individual application assessed by one of our Jade experts.
Jade is a professional equipment loan broker so we are accredited with many, many banks and lenders including several industry-only sources. With this wider field to source, we have a much greater ability to come up with the cheapest interest rates.
With all those factors determining what interest rate the lender wants to charge for your loan, it’s then down to our superior negotiating skills and the bargaining power we hold as a major finance broker to negotiate that rate down to the lowest level we can – for you!
Our track record for achieving the best interest rates on equipment finance is impressive and we continue to build on with every new finance deal we offer. So don’t have an interest rate regret. Don’t commit to an equipment finance deal without getting an offer from Jade.
For more details on how rates are determined and to get the best interest rates on your plant and machinery, just call Jade Equipment Finance 1300 000 003.
| Lender | Loan Product | Interest Rates From | Monthly Repayment |
| Jade | Equipment Finance | 6.70%Fixed Rate | $589.80 MONTHLY |
| Jade | Business Loans - Unsecured | 14.95%Fixed Rate | $712.91 MONTHLY |
| Jade | Business Loans - Secured | 6.85%Fixed Rate | $591.92 MONTHLY |
| Jade | Overdraft - Non Bank | 14.95%Fixed Rate | $712.91 MONTHLY |
| Jade | Chattel Mortgage | 6.85%Fixed Rate | $591.92 MONTHLY |
| Jade | Operating Leases | 6.85%Fixed Rate | $591.92 MONTHLY |
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Jade
Equipment Finance
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| 6.70%Fixed Rate | $589.80 MONTHLY | |
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Jade
Business Loans - Unsecured
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| 14.95%Fixed Rate | $712.91 MONTHLY | |
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Jade
Business Loans - Secured
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| 6.85%Fixed Rate | $591.92 MONTHLY | |
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Jade
Overdraft - Non Bank
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| 14.95%Fixed Rate | $712.91 MONTHLY | |
|
Jade
Chattel Mortgage
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| 6.85%Fixed Rate | $591.92 MONTHLY | |
|
Jade
Operating Leases
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| 6.85%Fixed Rate | $591.92 MONTHLY | |
DISCLAIMER: This comparison chart is provided for general reference purposes only. It is not in any way intended as a loan application, it is not a quote for business finance or any indication that an application has been received or approved. The rates quoted are for business use where the funds are predominately for business use and may not include all the fees and charges that may be applicable. The interest rates and the repayments displayed do not account for any conditions pertaining to your individual loan application. Therefore the interest rate and repayment you may be offered may vary from the amount shown.
We work harder to secure the best rates.
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Equipment Finance Interest Rates FAQs
Interest rates are key to achieving a cheap and cost effective finance deal. We appreciate that you will want all your questions answered on how Jade can consistently achieve our cheap interest rates and will those cheap rates apply to your particular loan. To expand on the information on our web pages, we’ve addressed some specific questions in this section. If you have more queries or doubts around your loan, please have an obligation free conversation with one of our consultants on 1300 000 003.
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Lenders are different with all types of equipment – generally wheeled goods (trucks, vehicles for example) and yellow goods (excavators for example) attracted better interest rates as the security or chattel it is secured against has a better resale value. Equipment like Gym, Beauty or Fit outs will attract higher interest rates as the re-sale value or security or chattel value security is deemed very low. Small business loans or unsecured can be higher interest rates because there is no security.
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The interest rate depends on a number of things. The finance product you choose, chattel mortgage, leasing, CHP or rent to own. The type of asset you wish to purchase that is being used as security. If it is a new or a used asset, and depending on the age of the asset if used. The amount financed, normally the more you borrow can attract cheaper rates. The term of the loan can attract different interest rates.
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On all secured loans, the interest rate is fixed for the full loan term. This means that the interest rate achieved when arranging your loan will remain in place over the years of your finance contract. So your repayments will stay at the same amount as when the loan was established. This provides you with assurance and the ability to plan cash flow and other investments based on fixed loan elements. The interest rate is fixed, the repayments are fixed and the loan term is fixed.
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Essentially yes. Loans on equipment are available to all sized businesses – owner-operators, sole traders, partnerships, family enterprises, and SMEs. The interest rates achieved on different loan products are not differentiated based on the size of the business or the corporate structure. All sized businesses including the smallest operators can be offered the lowest possible interest rate. For small businesses perhaps those just starting out, if you do not have all the documents that the bank requests to meet their loan guidelines, you can proceed to source a quote for a No Docs or Low Docs Loan. Even this type of loan can attract the same interest rates but with stricter loan criteria and possibly additional conditions.