Finance Features - Chattel Mortgage: For Business Use |
| Purpose |
- Provides finance for companies and business professionals to purchase goods such as motor vehicles, trucks, earthmoving, industrial plant and professional equipment, which are for business use more than 50% of the time.
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| How it works |
- You take ownership of the goods upon delivery and the financier secures the loan by registering a charge over the goods.
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| Product Benefits |
| Minimal capital outlay |
- With a Chattel Mortgage you own the goods your business needs without paying for them up-front. So you can put your day-to-day cash flow to better use.
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| Tax deductible |
- A chattel mortgage may provide tax benefits if the financed goods are used to produce assessable income. Speak to your accountant for further information about tax benefits.
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| No deposit |
- 100 per cent finance is available to approved customers, so you don’t have to tie up your day-to-day cash flow.
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| Match your cash flow |
- You can arrange to make a balloon payment at the end of the loan to reduce repayments throughout the term.
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| Early repayment |
- You have the flexibility to repay the contract in full before the term ends.
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| Product Features |
| Term |
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| Loan amount |
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| Repayment frequency |
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| Repayment methods |
- Direct debit from a nominated bank account and BPAY®.
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