--- title: "Goods Loan — Bank of Melbourne" description: "Business Loans from Bank of Melbourne. Rates, fees, features and eligibility as published under Australia's Consumer Data Right." canonical: https://www.cdrcompare.au/brands/bank-of-melbourne/products/BOMEFGoodsLoan source: "CDR Compare" language: en-AU last_updated: 2026-05-25T00:00:00Z --- # Goods Loan — Bank of Melbourne > Business Loans from Bank of Melbourne. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare. **Business Loans** A goods loan is the most popular type of business vehicle and equipment finance. With a goods loan, you source the vehicle and your business owns the vehicle from the beginning of the loan term without tying up valuable working capital. The loan is generally secured against the vehicle and your business can usually claim the interest on payments and depreciation if the vehicle is used to produce income. ## Apply Applications are handled by the provider: [Apply at Bank of Melbourne](https://eforms.bankofmelbourne.com.au/olfmu/eforms/UberForm/#/welcome/VehicleAndEquipmentFinance) ## Fees | Fee | Type | Amount | | --- | --- | --- | | Establishment Fee - EF — Charged to cover the costs of originating your Goods Loan, Hire Purchase or Lease and payable by you on or before the settlement date. | Upfront | $500.00 | | Asset Inspection Fee — Applies where we, or one of our agents is required to inspect the Equipment being financed. This fee is payable on or before the settlement date. Note: Sometimes we may require an agent to inspect the goods on our behalf - where this amount differs we will advise you via the Details. | Upfront | $150.00 | | Legal Fees for Complex Documentation — Where we require external Lawyers to document some or all of your contract documentation, we will advise you of this fee before proceeding. It will be payable on or before the settlement date | Upfront | Variable | | Early Termination Fee — Applicable when you terminate your Goods Loan, Lease or Hire Purchase early and is charged at an amount equivalent to three monthly payments. We work this out by adding up the total repayments, dividing this by the number of months in the term and multiplying this by 3. | Exit | Variable | | Break Costs — Refer to your Goods Loan, Lease or Hire Purchase Details and the Auto & Equipment Finance General Terms you were provided with for an overview of how this fee is calculated. Break costs are not a fixed amount and are determined by a number of factors specific to your product. | Event | Variable | | Overdue interest (Default / Penalty Interest) — This charge applies on overdue amount from the time it?s due until it?s paid | Event | 0% of interest accrued (yearly) | | Personal Property Security Fees — Personal Property Security Fees apply when search and registration fees are applicable. Where charged individually, these will be itemised on your Details and for the current costs, please refer to the PPS Registrar?s website which can be accessed at below link | Event | Variable | | Aircraft - International Registration — Applies for each registration of Security on the International Register and payable by you on or before the settlement date when this type of security is required for financed aircraft The AUD amount will be quoted to you as part of the settlement documentation where it applies. (I.e. Quote and Details) | Upfront | USD 750.00 | | Aircraft - International Deregistration — Applies each time we are required to remove a security registration from the International Register and payable by you on or before the date of removal. The AUD amount will be quoted to you before being charged. | Event | USD 450.00 | | Aircraft - CASA Transfer of Ownership — Applies each time there is/will be a transfer of ownership with the Civil Aviation Safety Authority (CASA) and payable by you on or before the date of transfer. | Upfront | Variable | | Aircraft - RAA Transfer of Ownership — Applies each time there is/will be a transfer of ownership with the Recreational Aviation Authority (RAA) and payable by you on or before the date of transfer. | Upfront | Variable | | Marine - Vessel Registration — Applies for each registration of a marine vessel with the Australian Maritime Safety Authority and payable by you on or before the settlement date when this type of security is required. More information is available at amsa.gov.au/vessels-operators/ship-registration/shipping-registration-fees | Upfront | Variable | ## Features - **Flexible repayment terms are available for the product** - **With Goods loan you source and own the asset and we provide a loan secured by the asset.** - **With Respect to ownership you own the asset and we hold it as security.** - **Potential tax benefits : Interest on the finance and depreciation of the asset are generally both tax deductible** ## Eligibility - **Business customers** (Your business has a valid Australian Business Number (ABN) and is registered for GST.) - **Business customers** (The equipment is mainly used for business purposes) ## Constraints - **Minimum limit** — $15,000.00 - **Minimum term of 1 year and Maximum term of 7 years ** ## More information from Bank of Melbourne - [Overview](https://www.bankofmelbourne.com.au/business/business-loans/vehicle-equipment-finance) - [Terms & conditions](https://www.bankofmelbourne.com.au/business/loans-finance/vehicle-equipment-finance/business-car-loans) - [Eligibility](https://www.bankofmelbourne.com.au/business/loans-finance/vehicle-equipment-finance/equipment-loan) - [Fees & pricing](https://www.bankofmelbourne.com.au/content/dam/bom/downloads/business/fees_bom.pdf) ## Data provenance - Published by Bank of Melbourne under the Consumer Data Right - Product ID: `BOMEFGoodsLoan` - Last updated by the provider: 25 May 2026 - Source payload (JSON): https://www.cdrcompare.au/api/raw/bank-of-melbourne/BOMEFGoodsLoan - Provider page: https://www.cdrcompare.au/brands/bank-of-melbourne - CDR register entry: https://www.cdr.gov.au/find-a-provider?provider=000142 --- Source: [CDR Compare](https://www.cdrcompare.au/brands/bank-of-melbourne/products/BOMEFGoodsLoan) — product data published by Australian data holders under the Consumer Data Right. 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