IT'S QUICK AND EASY TO APPLY ONLINE

Online fixed rates from 3.49% p.a. on cars, vans, utes

$0 deposit on loans up to $150K

Loans up to 5 years

Apply online

TYPES OF VEHICLES AND EQUIPMENT YOU CAN FINANCE

With a NAB vehicle and equipment loan, you have the freedom to purchase a variety of vehicles or equipment for your business. These can purchased new or used, through a dealer or privately bought. If you have already purchased the vehicle or equipment, it’s not too late. We can still set up a loan and reimburse you for the cost. If you wish to speak to a NAB equipment finance specialist please call us on 13 10 12 or request a call back

Vehicles icon

Vehicles

Cars, utes and vans

Heavy vehicles icon

Heavy vehicles

Trucks, trailers and buses

Agricultural equipment icon

Agricultural equipment

Tractors, trowels, cultivators and more

Construction and access equipment icon

Construction and access equipment

Excavators, loaders, forklifts, scissor lifts and more

Other equipment icon

Other equipment

Computers, fit outs and manufacturing

What it'll cost to get started

$0 Upfront deposit

For most purchases, no deposit is required – this will be assessed upon application.

$0 Monthly fees

No additional monthly fees for maintaining your Vehicle or Equipment Loan.

$500 Initial set up fee

Includes $475 Documentation and Settlement fee and $25 Personal Property Securities Registration and Maintenance Fee.2

Find your interest rate

Use our quote tool to discover what your rate will be for our vehicle and equipment loans. Rates vary depending on what you're looking to buy, so let us tailor a solution for you.

Get a quote

HOW OUR VEHICLE AND EQUIPMENT LOAN WORK

Features

  • $0 deposit on loans up to $150 000
  • Online fixed rates from 3.49% p.a. 1 on cards, vans, utes
  • A loan term between 12 months and five years.
  • Flexible repayment structures tailored to suit your business needs
  • Easy online application process.

Eligibility criteria

  • Your business has a valid Australian Business Number (ABN)
  • You intend to use the product mostly for business purposes.
  • Additional eligibility criteria applies for online application

BENEFITS OF BUSINESS VEHICLE AND EQUIPMENT FINANCING

A vehicle and equipment loan allows businesses access to the equipment and vehicles they need to run their business without large up-front payments for the entire cost of the vehicle or equipment. This frees up cash for other business expenses and opportunities. Not to mention the flexible nature of repayments and easy online application process.

Business car loans and equipment finance can be used by a range of businesses across different industries including:

  • trades services, including carpenters, locksmiths, plumbers and electricians
  • gardeners, fencers and landscape artists
  • cleaners and removalists
  • real-estate agents
  • and many more.

How to apply for a NAB Vehicle and Equipment Loan

  • Step 1 Get a quote

    Use our quote tool to discover what your rate will be for our vehicle and equipment loans. Rates vary depending on what you're looking to buy, so let us tailor a solution for you.

  • Step 2 Apply online

    Fill out our application form to apply in minutes.

  • Step 3 Sign documents

    Once you provide us with the final invoice we email you paperwork to sign.

  • Step 4 Collect your vehicle or equipment

    Once all documents are received and your vehicle or equipment is ready to collect, we’ll pay the supplier.

Discover how your business could save money with a NAB Equipment Loan

Michael Read, Managing Director of Recyclable Packaging, is leveraging Vehicle and Equipment Finance as a cost-effective way to grow.

Still have questions?

What do I need to apply online?

Fast online conditional approval is subject to eligibility, credit assessment, lending criteria and ID verification.

You can read the full eligibility criteria online.

How’s interest charged?

We calculate interest charges by applying the relevant fixed interest rate to the projected monthly outstanding loan balance on the assumption that you will pay the instalment amounts on each payment date.

Find out how much your repayments will be and manage them using our repayment calculator.

Are there any other fees?

Additional fees may apply if:

  • You already own the vehicle or equipment.
  • You’re purchasing the vehicle or equipment from a person or business that:
    • does not have an ABN, or
    • is not registered for GST, or
    • does not generally sell this type of equipment as part of their normal course of business.
  • You’re purchasing specialised equipment.
  • You want to make a change to the loan after it has been drawn down.

Full details can be found in our Fees & Charges guide.

What if I'm making multiple purchases?

If you have a number of vehicle or equipment purchases to make throughout the year, we can set you up with a limit to save you applying multiple times. Contact us 13 10 12 or request a call back to learn more.

Who owns the vehicle or equipment?

Your business owns the vehicle or equipment. We take out a mortgage on it as security for your loan.

What are the tax benefits?

Interest expense on the financing and depreciation on the asset may be deductible.

We recommend that you seek independent tax advice.

How much turnover does my business need?

The minimum annual turnover requirement for a NAB QuickBiz Loan is at least $75,000 per year. We want to make it easier for your business to apply and help you access funds sooner.

OTHER Finance OPTIONS THAT MAY SUIT YOUR BUSINESS

Finance Lease

Rent the vehicle or equipment your business needs and return it at the end of the lease.

car garage

Novated Lease

Choose the vehicle you want with salary packaging, providing a range of benefits for businesses and employees.

truck terminal

Hire Purchase

Get the vehicle or equipment your business needs with no upfront deposit and own it at the end of the hire period.

Important information

Lending criteria and terms and conditions apply (available on application).

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.

These products are issued by National Australia Bank Ltd ABN 12 004 044 937.

Notes:

13.49% pa online fixed rate applies to:

Approved Vehicle & Equipment Loan applications that are quoted online:

  • with loan amounts up to $150,000; and
  • for new or used cars, vans and utes; and
  • with loan terms of up to 5 years for new assets and 3 years for used assets; and
  • with no balloon (end of term lump sum payment)

Loan must be drawn down within 35 days from the date of our online quote.

Vehicle and equipment loans are subject to approval. Standard Vehicle & Equipment Loan terms and conditions, fees and charges apply.

Online decisions are subject to eligibility, credit assessment, lending criteria and ID verification. You can read the full eligibility criteria online.

3.49% online fixed rate is available from 1 March 2021, remains valid until withdrawn and is subject to change without notice.

$0 deposit on loans up to $150K; you can provide an additional deposit if you wish, this will reduce the repayments.

Tax invoices should be provided by the dealer and note, that private sales require extra time to conduct an inspection and valuation.

2$500 fee applicable only to loans approved online.

The Personal Property Securities Registration and Maintenance fee is payable for each asset you purchase and finance.
Additional fees may apply, refer to our Business Banking Fees and Charges and Interest rates, fees and charges for more information.

We’re ready to help your business

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Easy online quote
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Talk to an Equipment Finance specialist

1300 191 462
Mon-Fri 9am - 5pm (AEST/ADST)