Hire Purchase
Business car and equipment finance.
- From (investment)
- 8.29%
- Fixed
Interest Rates
Investment — Principal & interest
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Fixed · 1 year Rate shown is indicative, current as at the time of publishing and is dependent on but not limited to the term of the finance, amount financed, suitability of the financed asset and credit assessment of the applicant. Fees, charges & Terms and Conditions apply. | 8.29% | — | Term |
Other — Any repayment type
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Discount Certain GREEN vehicles and equipment may be eligible for a discount of up to 1% when you ask for it. No discounts are automatically applied and must be requested prior to funding. T&Cs apply. | 1% | — | — |
Other — Other
| Type | Rate | Comparison | Applies To |
|---|
Fees
| Fee | Type | Amount |
|---|---|---|
| Master Agreement Drawdown Fee Fee charged for drawdowns on master agreement limits. | Upfront | $434.50 |
| Specialised Transaction Fee Fee charged per asset for buyback, private sale or refinancing from another financial institution. | Upfront | $137.50 |
| Progressive Loan Establishment Fee Fee charged to establish and rollover a progressive facility. | Upfront | $1,089.00 |
| Variation Fee Fee charged to process any facility variations, asset releases and/or transaction restructures (other than for Deceased Estates). | Event | $544.50 |
| Early Termination Administration Fee Fee charged to process the termination of a contract before the contractual termination date. | Exit | $654.50 |
| Early Repayment Adjustment Fee Fee charged when a customer repays prior to scheduled maturity (irrespective of the circumstances causing the early repayment) and the Bank makes a loss due to the pre-payment. | Variation | Variable |
Features
- Flexible loan structure: Customise the loan and repayments to your business needs.
- Get Fast Approval: It's easier to upgrade or replace financed assets if you have 12 months of good repayment history.
- Quick and easy: Get a fast quote over the phone or online. Sign your agreement online to avoid paperwork delays.
- No extra security required: The financed asset serves as the loan security, so your asset equity and lines of credit can be used for other business purposes.
Eligibility
- Business customersYou can apply if your business: Isn't going through the process of bankruptcy
- Business customersYou can apply if your business: Has a current ABN
- Business customersYou can apply if your business: Has a good credit rating
- Business customersFinancing equipment that will be used by a business (mostly or entirely for business purposes)
- Business customersYou can apply if your business: Has been trading for more than 12 months
- Minimum age — 18 yearsAged 18 years or over
- An individual, sole trader, sole owner of your company or someone authorised to apply for finance and credit for a business
- Eligible to work in Australia
Constraints
- Minimum limit — $20,000.0020000 minimum amount.
More Information
Published by CommBank under the Consumer Data Right · Last updated 16 July 2026 · Product ID 5af96243b945460cb98a373de7688008 · View on CDR.gov.au