Home > Business Loans > Chattel Mortgage

Chattel Mortgage

A Chattel Mortgage can present an ideal finance option for those businesses that use the cash method of accounting. It provides the business or individual financing the goods with ownership.

A Chattel Mortgage provides such businesses the ability to claim the full Tax Input Credits for the GST portion of the purchase when the business lodges its next BAS

Chattel Mortgage Key Features

The Key Features Of a Chattel Mortgage Are

  • Flexible Terms You can choose from terms of 1-5 years.
  • Flexible Residual You can choose to factor in a residual, but it is not compulsory.
  • Repayment Options You can choose to structure a repayment schedule that suits. This could be monthly, Quarterly, Bi-Annually, or Yearly.
  • You can claim the depreciation of the goods and the interest component of your repayments as a business expense providing the goods have business use.

Chattel Mortgage Loans and Security

The security offered for a chattel mortgage should only be the goods that you are actually financing. No further security should be required other than the guarantee of the borrower.

Chattel Mortgage Loan Costs

Chattel Mortgage costs can be slightly larger than say a lease or commercial hire purchase. the charge against the goods will have to be lodged with ASIC and there are fees associated with this.

Why use Equipfin?

Equipfin is part of the Platinum Direct Finance group of companies who will finance over 800 million dollars worth of Vehicles, TrucksBoats, Equipment and Machinery this year! Due to this volume and buying power, we can give our clients access to the best personal loan rates and financing products across Australia.

Need More Information

Call Us Now on 1300 959 144 or simply email us at [email protected] we will give you an immediate approval indication and have your loan underway in no time at all!

EquipFin Finance