FAQ

Macquarie Equipment Finance is part of the global Macquarie Group. A financial services group offering retail and business banking services including lending, transactional accounts, wealth management and other services. In the equipment finance area, Macquarie focuses on developing bespoke solutions for customers. The asset acquisition loan products offered will be in line with other lenders and include Chattel Mortgage or Equipment Loan, different types of Leasing finance and Hire Purchase. In selecting which type of lending is best suited for their business and their purpose, businesses should consult with their accountant. Loan products have varying features and benefits in regard to accounting measures and tax benefits and an accountant is best placed to address these issues.

A specific quote would need to be requested through a finance broker or lender in order to attain an exact repayment amount for a specific equipment loan. Estimates however can easily be calculated using an equipment finance calculator. These calculators are online devices that allow businesses to generate repayment estimates on any number of items of equipment they are considering. No great skill is required. Users only need to type in the amount they want for their loan, the term they would prefer, the amount of any balloon/residual and the current interest rate being displayed by that lender for the lending product preferred. As the interest rate varies on loan types, to compare repayments on different products refer to an interest rate comparison calculator.

Macquarie Equipment Finance does not display interest rates on its website as many other banks, brokers and lenders do. In order to know exactly what interest rate is achievable on a loan from this lender, a business would need to request a quote via their broker or directly. Macquarie is extremely competitive in the equipment lending sector across a diverse scope of industries. Interest rates vary across lenders and across the different types of loan products and equipment. For the purposes of budgeting or to gauge what interest rate you may be offered, refer to the interest rate comparison chart on this website.

As a global financial services group, Macquarie currently operates in 31 different markets around the world. The bank has a broad scope in providing equipment finance across many industries. The approach is defined as bespoke, so each application is addressed individually and an individual solution is developed. Industries of particular mention by Macquarie include healthcare, aviation, manufacturing, mining, technology and energy. In addition to equipment, the lender also provides lending for vehicle purchases.

All types and sizes of businesses are welcome to make an application for finance to Macquarie Equipment Finance. Through their business banking arm, Macquarie offers a wide range of lending and deposit services and solutions for many businesses. These include sole traders, SMEs, sole practitioners and large corporations. Services are offered to businesses via finance brokers, advisors and direct. Macquarie engages with customers, whether they be brokers or direct, via relationship managers which provide a direct channel to services. When using a broker to source lending through Macquarie, the broker will typically engage through industry channels to source offers on behalf of clients.