--- title: "5.99% Chattel Mortgage - Select New BMW 1er/2er/X1/X3/X5/X7 Models — BMW Financial Services" description: "Business Loans from BMW Financial Services. Rates, fees, features and eligibility as published under Australia's Consumer Data Right." canonical: https://www.cdrcompare.au/brands/bmw-financial-services/products/1204a source: "CDR Compare" language: en-AU last_updated: 2026-08-18T04:34:25Z --- # 5.99% Chattel Mortgage - Select New BMW 1er/2er/X1/X3/X5/X7 Models — BMW Financial Services > Business Loans from BMW Financial Services. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare. **Business Loans · BMW** BMW Chattel Mortgage is designed for customers using their BMW predominantly for business purposes who want to retain ownership from the outset. With a fixed interest rate and no account-keeping fees, it delivers cost certainty and a streamlined finance solution for your business. BMW Financial Services Australian Credit Licence 392387. ## At a glance - **From (owner occupied):** 5.99% (5.99% comparison) ## Apply Applications are handled by the provider: [Apply at BMW Financial Services](https://www.bmw.com.au/en-au/sl/vehiclefinder/results?filters=%257B%2522IS_INSTALLMENT%2522%253Afalse%257D&postalCode=2077&stateCode=NSW&sorting=PRICE_ASC) ## Interest rates | Type | Rate | Comparison | Applies to | | --- | --- | --- | --- | | Fixed · 1 year (Option to pay weekly or fortnightly) | 5.99% | 5.99% | — | | Fixed · 1 year | 5.99% | 5.99% | — | ## Fees | Fee | Type | Amount | | --- | --- | --- | | Early Termination Fees — Early Termination Fee – payable if more than 3 months before expiry of the Term, you pay out your loan, or, due to an Event of Default, we become entitled to recover the total Amount Owing from you. The Early Termination Fee is calculated as follows: Loan Amount x 2.75% x (Term Remaining in Months/Term in Months) + $115 | Exit | 2.75% of balance | | Establishment Fees | Upfront | $0.00 | | Dealer Origination Fees | Upfront | $0.00 | | PPSR Fees | Event | $2.00 | | Account Keeping Fees — Charged monthly · No Account keeping fees | Ongoing | $0.00 | | Cheque Dishonour Fees | Dishonour | $15.00 | | Direct Debit Dishonour Fees | Dishonour | $5.00 | | Verification Statement Fees | Event | $2.00 | ## Features - **Digital banking** (Online application with quick verification and dealer support. Manage your finance contract with BMW One app) - **Ownership: Our Chattel Mortgage offers a fixed interest rate and no account keeping fees. You own your BMW with predictable costs and long-term benefits** - **Tailor your finance with a balloon or Guaranteed Future Value. Conditions apply** - **Bill payment (BPAY)** (Option to pay via Direct Debit or BPAY) - **Guarantor supported** (Subject to terms and conditions, the customer may be required to nominate a guarantor during the origination process) - **Extra repayments** (Customer may pay out the chattel mortgage early, subject to an early termination fee) ## Eligibility - **Business customers** (The vehicle must be used wholly or predominantly (>50%) for business purposes) - **Minimum age** — 18 years (For individual applicants, applicants must be aged 18 years or over) - **New customers must not be an undischarged or discharged bankrupt. Existing customers must not be an undischarged bankrupt** - **Residency status** — Applicants must have the legal right to work in Australia and Companies must hold a valid Australian Business Number (ABN) - **Credit Assessment: Eligibility is subject to credit approval based on the applicant’s financial and employment information. Lending criteria, fees, charges and conditions apply** - **Business customers** (Applicable for Individuals, Sole traders and companies) ## Constraints - **Minimum balance** — $25,000.00 (Loan amount must exceed $25,000) - **Offer applicable on new and demonstrators across following BMW models: F70 118/120/M135, F74 218i, U11 X1 18i/20i/M35i, G45 X3 20/30e/40d/M50, G05 X5 30d and G07 X7 40d/40i. Subject to vehicle stock availability and only at participating authorised dealers** — Eligible vehicles - **Maximum LVR** — 70% (The maximum loan amount can be up to 70% of the vehicle’s assessed value.) - **Customers must take out comprehensive insurance coverage over the Vehicle for the loan term and specify the BMW Financial Services as the interested party** - **Contract Term should be between 36 and 48 months.** - **Customer must grant a first ranking security interest over the Vehicle** - **Maximum balance** — $130,800.00 (Maximum finance amounts apply: F70 118 /120/218i $46,500, U11 X1 sDrive18i $46,500, U11 X1 sDrive20i $51,000, U11 X1 xDrive20i $56,200, F70 M135 $65,500, G45 X3 20 xDrive $70,000, G45 X3 20 xDrive (SZA) $70,000, U11 X1 M35i xDrive $70,000, G45 X3 30e xDrive (SZA) $80,000, G45 X3 40d xDrive $85,000, G45 X3 M50 xDrive $99,000, G05 X5 xDrive30d LCI $102,700, G07 X7 xDrive40d LCI $130,800, G07 X7 xDrive40i LCI $130,800) - **Conditions apply to Guaranteed Future Value product** ## More information from BMW Financial Services - [Overview](https://www.bmw.com.au/en/bmw-financial-services/chattel-mortgage.html) - [Terms & conditions](https://www.bmw.com.au/en/bmw-financial-services/chattel-mortgage.html) - [Eligibility](https://www.bmw.com.au/en/bmw-financial-services/chattel-mortgage.html) ## Data provenance - Published by BMW Financial Services under the Consumer Data Right - Product ID: `1204a` - Last updated by the provider: 18 August 2026 - Source payload (JSON): https://www.cdrcompare.au/api/raw/bmw-financial-services/1204a - Provider page: https://www.cdrcompare.au/brands/bmw-financial-services --- Source: [CDR Compare](https://www.cdrcompare.au/brands/bmw-financial-services/products/1204a) — product data published by Australian data holders under the Consumer Data Right. Not financial advice; no rankings, recommendations or affiliate relationships. Always confirm details with the provider. Site map: [all providers](https://www.cdrcompare.au/) · [how this works](https://www.cdrcompare.au/about) · [agent guide](https://www.cdrcompare.au/agents.md) · [llms.txt](https://www.cdrcompare.au/llms.txt) · [sitemap.xml](https://www.cdrcompare.au/sitemap.xml)