--- title: "Chattel Mortgage - MINI NEXT Used Cars — MINI Financial Services" description: "Business Loans from MINI Financial Services. Rates, fees, features and eligibility as published under Australia's Consumer Data Right." canonical: https://www.cdrcompare.au/brands/mini-financial-services/products/1087c source: "CDR Compare" language: en-AU last_updated: 2026-08-18T04:24:17Z --- # Chattel Mortgage - MINI NEXT Used Cars — MINI Financial Services > Business Loans from MINI Financial Services. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare. **Business Loans · Negotiable rates · MINI** MINI Chattel Mortgage is designed for customers using their MINI 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. MINI Financial Services Australian Credit Licence 392387. ## At a glance - **From (owner occupied):** 8.29% (10.33% comparison) ## Apply Applications are handled by the provider: [Apply at MINI Financial Services](https://www.mini.com.au/en_AU/home/used-cars.html) ## Interest rates | Type | Rate | Comparison | Applies to | | --- | --- | --- | --- | | Fixed · 1 year (Option to pay weekly or fortnightly) | 8.29% | 10.33% | Interest Rate range 8.29–8.59% | | Fixed · 1 year (Option to pay weekly or fortnightly) | 8.29% | 10.33% | Residual value addition 8.29–8.59% | ## 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 | $590.00 | | Dealer Origination Fees | Upfront | $935.00 | | 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 MINI One app) - **Ownership: Our Chattel Mortgage offers a fixed interest rate and no account keeping fees. You own your MINI 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) - **Extra repayments** (Customer may pay out the chattel mortgage early, subject to an early termination fee) - **Guarantor supported** (Subject to terms and conditions, the customer may be required to nominate a guarantor during the origination process) ## Eligibility - **The vehicle must be used wholly or predominantly (>50%) for business purposes** - **New customers must not be an undischarged or discharged bankrupt. Existing customers must not be an undischarged bankrupt** - **Credit Assessment: Eligibility is subject to credit approval based on the applicant’s financial and employment information. Lending criteria, fees, charges and conditions apply** - **Minimum age** — 18 years (For Individuals only customers older than 18 years may apply.) - **Residency status** — Applicants must have the legal right to work in Australia. If working rights cannot be established, finance cannot be provided - **Business customers** (Applicable for Individuals, Sole traders and companies) ## Constraints - **Minimum balance** — $25,000.00 (Loan amount must exceed $25,000) - **Available across select MINI Next used cars. The maximum age of a vehicle at end of term is 14 years, or 12 years if a balloon payment (RV) is sought, or 8 years if a Full Circle Loan or Operating Lease is sought. Subject to vehicle stock availability and only at participating authorised dealers** — Eligible Vehicle - **Maximum LVR** — 125% (The maximum loan amount can be up to 125% of the vehicle’s assessed value) - **Customers must take out comprehensive insurance coverage over the Vehicle for the loan term and specify the MINI Financial Services as the interested party** - **Contract Term should be between 36 and 60 months.** - **Customer must grant a first ranking security interest over the Vehicle** - **Conditions apply to Guaranteed Future Value product** ## More information from MINI Financial Services - [Overview](https://www.mini.com.au/en_AU/home/financial-services/chattel-mortgage.html) - [Terms & conditions](https://www.mini.com.au/en_AU/home/financial-services/chattel-mortgage.html) - [Eligibility](https://www.mini.com.au/en_AU/home/financial-services/chattel-mortgage.html) ## Data provenance - Published by MINI Financial Services under the Consumer Data Right - Product ID: `1087c` - Last updated by the provider: 18 August 2026 - Source payload (JSON): https://www.cdrcompare.au/api/raw/mini-financial-services/1087c - Provider page: https://www.cdrcompare.au/brands/mini-financial-services --- Source: [CDR Compare](https://www.cdrcompare.au/brands/mini-financial-services/products/1087c) — product data published by Australian data holders under the Consumer Data Right. 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