Benefits of a vehicle and equipment loan

Learn about the benefits of a vehicle and equipment loan (chattel mortgage) and how it could help your business grow.

Broad range of finance options

  • Cars, utes and vans

  • Trucks, trailers and buses

  • Agricultural equipment

  • Construction and access equipment

  • Other equipment, e.g. computers, fit-outs and manufacturing

$0 deposit required

Keep money in your business with no deposit required , no monthly fees and fixed interest rates and repayments.

Flexible equipment loan structure

A NAB business banker will help you structure your equipment loan and repayments to what works best for you and your business.

No extra assets for security

The only asset you need to provide for security is the business vehicle or equipment you are purchasing.

Purchase multiple assets

We can set you up with a limit to save you applying for finance multiple times.

Our rates and fees explained

Our interest rates, fees and deposits associated with business vehicle and equipment loans.

Upfront deposit

$ 0

For most purchases, no deposit is needed (subject to eligibility)

Monthly fees

$ 0

No monthly fees for maintaining your vehicle or equipment loan.

Initial set up fee

$ 600 once off

Applies to all approved loan applications.

Additional fees Details about any additional fees can be found in our business banking fees and charges guide.
Interest charges
Charges vary according to fixed interest rates and projected outstanding loan balances.

How to apply online

Step 1. Calculate your repayments

Use our business loan repayment calculator to discover what your repayments may be and how much it will cost over the life of the loan.

Step 2. Enquire online

Use our easy online enquiry form and have a NAB business banker return your call to discuss suitable options. We may need to ask for information to enable us to assess your request.

Step 3. Sign documents

Once you’ve provided us with the final invoice, we’ll email you the paperwork to sign.

Step 4. Collect your purchase

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

If you’ve already purchased the vehicle or equipment, we can still set up a loan and reimburse you for the cost. Contact us to find out how.

Help and support Common equipment and vehicle loan questions

What is a balloon payment?

A balloon payment is a lump sum repayment at the end of the loan term, after all regular monthly repayments have been made. When your loan has a balloon payment your monthly loan repayment will be lower, and you’ll pay more interest over the term of your loan. Alternatively, without a balloon repayment your repayments will be higher, you’ll pay less interest, and you will have no lump sum to pay at the end of the term.

When can I pick up my car or equipment from the supplier? 

You can collect the vehicle or equipment once all the signed documents are received, all outstanding requirements have been met and we’ve paid the supplier.

Other options to consider

We have a range of finance options to suit different types of businesses.

Get in touch

Sales enquiries

Let us help with your business banking needs. Request a call back to chat with one of our business bankers.

Contact us

Visit our business banking contact page for how-to-guides, FAQs and contact numbers.

Visit a NAB business banking centre

Let our business banking specialists help you in person.

Terms and Conditions

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

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