Asset Finance
ScotPac Asset Finance helps fund the vehicles, plant and equipment your business needs to grow and take on new opportunities.
- From
- 8.95%
- Fixed
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Fixed · 5 years Rate is fixed for the term of the facility (maximum 60 months). Rates start from the advertised value for a full document application against primary assets only. Rates vary based on application details such as loan value, method of purchase (eg. private sale), purpose of funding (eg. capital raise), ATO Arrears, length of time in business and property ownership status. Rates are also varied based on asset features such as asset class, age of asset at purchase, age of asset at end of loan term and the deposit/lending ratios against the asset value. · Rate is fixed for the term of the facility (maximum 60 months). Rates start from the advertised value for a full document application against primary assets only. Rates vary based on application details such as loan value, method of purchase (eg. private sale), purpose of funding (eg. capital raise), ATO Arrears, length of time in business and property ownership status. Rates are also varied based on asset features such as asset class, age of asset at purchase, age of asset at end of loan term and the deposit/lending ratios against the asset value. | 8.95% | — | — |
Fees
| Fee | Type | Amount |
|---|---|---|
| Application Fee Application Fee from $795 based on a single asset as security valued at less than $150,000. Minimum $30 per extra asset. | Other | From $795.00 |
Eligibility
- To apply, ScotPac requires a completed Application & Privacy Authority, 2 years P&L and BS (or for the full history of trading, whichever term is less), Current Commitment Schedule, ATO Portal, and Asset & Liabilities statements for Directors & Guarantors. For business trading less than 1 year, a 12-month cashflow forecast will also be required.
- Business customersApplicant must have an ABN and be GST registered. Minimum 6 months trading history evidenced through bank statements. Sole Trader or Individual entity types are not permitted.
Constraints
- ScotPac's deposit requirements vary and are determined as a combination of your application credit assessment and asset(s) offered for security. ScotPac may lend up to 100% of an asset value depending on this assessment. — Deposit Requirements
- Minimum Term 24 months. ScotPac offers terms ranging from 24 to 60 months. Balloon / Residual Payments are available subject to credit assessment. — Min Term
- Maximum Term 60 Months. ScotPac offers terms ranging from 24 to 60 months. Balloon / Residual Payments are available subject to credit assessment. — Max Term
- Funding to purchase new or pre-owned equipment, vehicles, or machinery – sourced locally or internationally. Leverage the value of the assets your business already owns to raise capital. Funding of up to 100% of the asset’s cost. — Loan Purpose
- ScotPac's Asset Finance product offers Asset Finance contracts as Chattel Mortgages only. — Product Type
- Terms and Conditions apply respective to Chattel Mortgage Facility Limits above or below $1,000,000. The relevant terms and conditions can be found in the Product Terms and Conditions section of the ScotPac Policies & Disclosures page. — Terms and Conditions
More Information
Published by ScotPac Business Finance under the Consumer Data Right · Last updated 13 July 2026 · Product ID AFCM26