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Compare Equipment Finance Rates From Over 40+ Lenders

30 Apr Today's
best rate
Finance Equipment From
2.5 %
Fixed
*The Interest Rate is calculated on a Secured Loan for business use, effective 09/05/2021 and subject to change. WARNING: The interest rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different interest rate.

Compare Commercial Interest Rates

Different finance facilities can attract different interest rates but Jade consistently achieves cheap rates across our loan portfolio. You can easily see the different rates with this comparison chart and compare possible repayments by entering the amount and term of your loan. Speak with a Jade consultant or apply online to request a quote for your specific finance requirements.

Loan Amount
Loan Term
New Equipment Loan
2.79% Starts At
$569.75
Monthly repayment
Used Older Secured Equipment Loan
4.50% Starts At
$612.5
Monthly repayment
Business Loans - Unsecured
7.99% Starts At
$699.75
Monthly repayment
Business Loans - Secured
2.95% Starts At
$573.75
Monthly repayment
Overdraft - Non Bank
9.95% Starts At
$748.75
Monthly repayment
Chattel Mortgage
2.79% Starts At
$569.75
Monthly repayment
Operating Leases
4.60% Starts At
$615
Monthly repayment
Commercial Hire Purchase
2.79% Starts At
$569.75
Monthly repayment
Rent To Own
9.95% Starts At
$748.75
Monthly repayment
Loan Product Interest Rate
Starts at:
Monthly Repayment
New Equipment Loan 2.79%
$569.75
Used Older Secured Equipment Loan 4.50%
$612.5
Business Loans - Unsecured 7.99%
$699.75
Business Loans - Secured 2.95%
$573.75
Overdraft - Non Bank 9.95%
$748.75
Chattel Mortgage 2.79%
$569.75
Operating Leases 4.60%
$615
Commercial Hire Purchase 2.79%
$569.75
Rent To Own 9.95%
$748.75
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DISCLAIMER: This device is provided to compare interest rates it is not intended as a finance application form. Use of this calculator does not infer and is not an offer of finance or a quote for finance. The interest rates shown may not include all fees and charges applicable to either that loan product or to individual loan applications. A quote or offer made to an individual applicant may vary from the rate and the repayments shown.All interest rates are for buinsess use where the purpose or equipment is used more than 50% for business use.

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 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.

Don’t be tricked by others offering cheap interest rates without reading the fine print AND doing the deep dive into all the other terms, conditions and charges associated with your overall finance deal.

Jade is a professional equipent 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.

Determining Your Interest Rate

Different lenders will offer different interest rates on machinery financing depending on how they view the risk, their specialty area, their 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 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.

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 interest rate regret. Don’t commit to an equip 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.

FreeInterest 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.

Finance Calculator Disclaimer

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.

Is the interest rate the same for all equipment?   

Lenders are different with all types of equipment – generally wheeled goods (trucks, vehicles for example) and yellow goods (excavator 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.

What is the interest rates on equipment finance?   

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 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.

Will my interest rate change during the loan term?   

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 an 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.

Are the interest rates the same for all sized businesses?   

Essentially yes. Loans on equipment are available to all sized businesses – owner-operators, sole traders, partnerships, family enterprises, 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 applying.

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