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Heavy Machinery Loans | Machinery Finance - Jade

7 Jul Today's
best rate
Finance Equipment From
2.79 %
Fixed
*The Interest Rate is calculated on a Secured Loan for business use, effective 05/08/2021 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 Heavy Machinery Interest Rates and Loans

Heavy machinery can be financed through a number of the loan products offered by Jade. Use this reference table to quickly compare interest rates that we are achieving on our different finance products. Enter your loan amount and the term you would like for your loan to see a repayment estimate based on the interest rates as indicated. Contact us for a firm quote.

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
Get a free quote

DISCLAIMER: This table is for comparing interest rates only. It is not a finance application form. The repayments calculated do not represent a loan approval or a loan offer. The fees and charges which apply to both individual loan products and business loan applications may not all be included in the interest rates as shown. Any offer you are made for your heavy machinery finance may be different from the figures displayed in the table. All interest rates are for business use and and all funds must be for more then 50% predominately for commercial use (ABN required)

Sourcing great loans for heavy machinery is, without question, ‘in our DNA’. Jade Equipment Finance is renowned as the go-to finance broker when it comes to getting a great finance deal for the purchase of the full range of heavy machinery, new or used, from a dealer or a private seller.

We have established specialised divisions of our expert brokers who operate exclusively in this sector and have done for a very long time. Our consultants not only know finance, they are also well across the heavy machinery, trucking and transport sector.

We provide commercial loan products for the purchase of heavy machinery including tippers and dump trucks, semis and prime movers, excavators, diggers, loaders, concrete trucks, mixers and pumps, agitators, pallet trucks, crane trucks, car carriers, livestock carriers, mining equipment finance, earthmoving machinery, tractor finance and other agricultural farm machinery loans and so the list continues.

Selection of Equipmenmt Loan Products

Whether you’re a solo-operator, owner driver, SME or large fleet operation, we have all commercial loan products for your machinery purchase:-

  • Chattel Mortgage
  • Machinery Lease
  • Equipment Rental
  • Commercial Hire Purchase (CHP)

All our machinery loans feature our trademark Jade low interest rates; interest rate fixed for the term of the loan; fixed loan term up to 7 years on some loans; fixed monthly repayment; and fixed residual due at the completion of the loan term.

In structuring the right loan for you, your Jade commercial consultant will discuss your objectives and tailor the finance deal to suit you. If you’re working on site, in a remote location, out on the road or just want to concentrate on working rather than hassling with banks and paperwork – no worries. Your Jade consultant will handle the details and leave you in peace!

And we won’t waste your time with ‘tempter’ offers. We’ll offer you our best machinery funding offer first-up, straight-up and honestly, so there’s no need to ask. We’ll always give you the best deal.

Refinancing Options

In addition to providing loans on new and used heavy machinery, we also provide refinancing services. If you are say adding a new piece of equipment to your fleet and you have existing loans on other equipment, ask your Jade consultant for a quote on refinancing your existing loan and bundling it with the new equipment into the one loan.

Speak with a Jade Consultant to discuss a financing solution for your heavy machinery purchase. Call 1300 000 003

MachineryFinance Calculator

The use of this calculator is predicated on the end user's awareness and also acceptance that the estimated repayments displayed does not indicate a loan quote; it does not suggest an application for any finace has been lodged; it is not an indication that any kind of financing application has actually been approved. The format of this device does not take into account particular information relating to any kind of certain individual loan application or any kind of lending institution fees as well as charges. It is formatted to provide a basic outcome based on general information and values only.
After lodging a formal loan application, the quote as well as payment amounts that you may likely be supplied may differ from the estimate determined by this device.
The gadget is not ideal for calculations on lendings that are developed on a rate of interest just basis. The formatting is totally established to compound the calculated interest rate for a chosen time period based upon the amounts typed in by the individual.
The calculator is not meant as a device for financial decision-making. Individuals that require finance advice ought to choose a specialist financial consultant in relation to their personal circumstances. To apply for lending as well as acquire a quote based on your individual requirements, the individual must contact Jade and have their personal application reviewed by one of our Jade professionals.

Finance Calculator Disclaimer

Heavy Machinery Financing FAQs

Investing in new items of heavy machinery can be significant acquisitions for many operations and deserve detailed consideration of every element of the finance process. We have attempted to provide extensive detail around our loan products and our services throughout our website but acknowledge that some people will have their own specific questions to be answered. If we haven’t addressed you questions in this section, please reach out to us on 1300 000 003 to speak with one of our consultants.

What heavy machinery can be financed?   

There are no particular restrictions or stipulations in regard to the type or brand of machinery that can be financed or the industry in which the machinery will be used. While the term heavy machinery is generally used in reference to heavy duty equipment for construction and earthmoving operations, that definition is not limited. Loans are provided for construction and building machinery, road building machines, mining and energy generation plant equipment, excavation equipment, waste disposal equipment, manufacturing and processing machinery, bulk handling equipment, farming and agricultural machinery, cranes and many more. 

Do I need comprehensive insurance with equipment finance?   

Yes. All secured equipment finance and loan agreements will require the borrower to take out a comprehensive insurance policy on the equipment and keep that policy current over the full term of the loan. When taking out finance, the lender will require details of the insurer and the policy to note in their records. They will require confirmation each year that the insurance policy has been renewed.  In addition to purchase finance you may like to consider Insurance Premium Finance which allows businesses to spread the premiums over a number of instalments per year and help manage cashflow.

I’m planning to buy machinery at auction, can I organise finance beforehand?   

Yes certainly. Pre-approved finance is available across the full loan portfolio and across all types of machinery. A pre-approved loan can be a smart move for all types of purchases but can be especially helpful when buying at auction. The loan is arranged based on an estimate of the amount you intend to bid at auction. The loan is quoted and on acceptance of the quote, the application is processed through to approval stage. These stages are all obligation-free so you are under no commitment to proceed should be the under bidder at the auction. Pre-approved loans are valid for a set time period which you will be advised at time of organising.

What is the best equipment loan product option?   

When it comes to heavy machinery finance there is no good, better, best option based purely on the features and benefits of that loan product. The best finance type is the one that best suits your business set-up, you approach to tax and balance sheet and addresses your financial objectives. Chattel Mortgage, CHP, Leasing and Rent to Own differ in regard to their treatment of GST, tax deductions and their suitability to either the cash or accruals method of accounting. The interest rate may vary for each loan type and you can review the interest rates we are achieving across the loan portfolio. The interest rate is just one component, albeit a very important component, of a loan. All aspects especially the tax benefit to be derived, should be assessed in deciding which loan product is the optimum for your business and the machinery being acquired which is best to discuss these issues with your accountant. There is no maximum limit on machinery finance so the price tag is no issue for most lenders.

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