This means to the extent the equipment is used in your business, you may be entitled to claim GST as an input tax credit on your next BAS.
Benefits and features
You own the equipment
Your own tailored repayments
Every business is unique, so we work with you to ensure repayments are aligned with your anticipated cash flow and seasonality.
No deposit to pay and security is the equipment itself, so your capital stays in your business1.
Generally the interest you pay and the depreciation of the equipment are tax deductible.
What you need to know
- Minimum term is one year.
- Maximum term is five years.
- Other terms can be considered on application.
- Minimum loan amount is $10,000.
- Maximum loan amount is unlimited.
- The asset is generally used as the security. In some cases extra security might be needed which will be assesed on application.
Rates and fees
|Lease, hire purchase or term rental2||$434.50 (GST inclusive)|
|Private sale (equipment loan)||$500 or .25% of the amount financed, whichever the greater|
|Sale and lease/hire/rental back||$550 (GST inclusive) or .25% (plus GST) of the amount financed, whichever the greater|
|Specialised documentation||$750 or .25% of the amount financed, whichever the greater|
|Equipment loan variation fee (payable on total prepayment)||One month's instalment (or equivalent for structured transactions)|
|Personal Property Securities Registration & Maintenance Fee - equipment loan||$25|
|Personal Property Securities Registration & Maintenance Fee – lease, hire purchase or term rental||$27.50 (GST inclusive)|
|Registration of a security interest on the Personal Property Securities Register (for each registration)||Applicable government registration fees may apply|
Calculate your repayments
1Generally, the security is the asset itself; though in certain circumstances additional security might be required – this will be assessed on application.
2Fee applies for standalone facilities and those drawn under a Master Asset Finance Agreement.
Subject to terms, conditions and standard lending criteria.
The tax comments provided in this document are of a general nature. NAB recommends that you seek independent tax advice in respect of the tax consequences arising from the use of any NAB equipment finance solution as they apply to your particular circumstances.