Frequently Asked Questions

The minimum commitment for commercial vehicle finance products such as a Chattel Mortgage or Finance Lease generally starts at 12 months. Most commercial leases are structured over 3 to 5 years (36 to 60 months). Longer terms reduce monthly payments but depend on vehicle use and ATO residual value rules. We help select the shortest suitable term for your cash flow and fleet cycle.

Approval speed depends on your business structure and documentation. • Pre-Approval: Indicative approval in as little as 2 hours for simple ABN applications. • Formal Approval: 24–48 hours after submitting full documentation. • Delivery: Usually 7–14 days after finance settlement if the vehicle is in stock.

Residual Value (Balloon Payment) is the estimated value of the vehicle at the end of the lease or loan term, reducing monthly payments. The ATO sets minimum residual percentages depending on the term. These must be met for the structure to qualify as a commercial lease or loan for tax purposes.

Yes. A Full-Service Operating Lease bundles all running costs into one fixed monthly payment, including servicing, maintenance, tyres, rego, CTP, roadside assistance, and optional fuel/toll management. This removes fleet admin burden and ensures predictable budgeting.

The key difference is ownership and GST timing. A Chattel Mortgage gives you immediate ownership, allowing GST to be claimed upfront (if cash-based). With a Finance Lease, the financier owns the vehicle and GST is generally claimed progressively on lease payments.

An Operating Lease is treated as an off-balance-sheet expense. The asset and liability are not recorded, helping financial ratios and supporting compliance with AASB 16 standards.

Yes. A Full-Service Operating Lease includes all running costs—servicing, tyres, registration, etc.—in one fixed monthly payment for predictable budgeting.

Yes, for a Finance Lease GST is applied to the final balloon payment. For a Chattel Mortgage, GST is claimed upfront on the full purchase price, so the balloon is generally GST-free.

A Business Overdraft is attached to your transaction account and is used for short-term cash flow gaps. A Line of Credit is a dedicated separate facility typically used for larger or medium-term purchases such as stock or short-term investment.

Once approved, Invoice Finance lets you access up to 80% of your outstanding invoices within 24–48 hours, significantly improving cash flow.

No. While often used for overseas supplier payments, Trade Finance can also fund the purchase and sale of domestic goods and stock.

No. Interest is only charged on the amount you draw. The unused portion of the limit remains available as a free buffer.

Commercial Property Loans can finance offices, warehouses, industrial units, retail spaces, and commercial developments. These loans offer higher borrowing limits and longer terms than residential loans.

Self-employed borrowers often use Low-Doc or alternative documentation. This includes BAS statements, business bank statements, or an Accountant’s Declaration to verify income.

Yes. Commercial Property Loans can be used for both owner-occupied premises and investment properties leased to another business.