The equipment you need. The flexibility you want. Suited to companies that need to purchase vehicles or income producing equipment for their business.
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Benefits
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- Security is usually the asset itself – preserving access to working capital credit lines.
- No capital outlay – no up front deposit needed, which means you can use your working capital for other core business needs.
- Equity – by taking equity in the equipment through a trade in or deposit you can reduce the amount funded and therefore the totalinterest paid.
- Input tax credits and tax deductions – provided you are registered for GST, you
should be entitled to claim an input tax credit for GST included in the price of the asset acquired. And generally, the interest you pay plus the depreciation of the asset should be tax deductible to the extent the asset is used in your business.
- Tailoring to match your cash flow – interest charging cycles and repayment cycles aligned with your anticipated cash flow.
- Simplicity – loan repayments will be automatically debited from your nominated
business account.
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| Features |
- Most depreciable assets can be funded
- Choice of interest rate types
- Choice of repayment options
- You own the asset from the start of the agreement. NAB registers a mortgage over the asset until the end of the agreement.
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More information
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Contact a banker
Locate your nearest NAB Business Banker.
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