Finance Lease
A Finance Lease is a tax effective method of acquiring eligible new or used vehicles or equipment for business use without tying up working capital. The Bank makes the purchase and rents it to the borrower for the agreed term
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. |
Features
- Flexible repayment terms are available for the product
- With Finance lease we purchase the asset at your request and rent it to you for an agreed period.
- With respect to ownership we own the asset and you rent it from us.
- Potential tax benefits : Rental payments are generally tax deductible.
Eligibility
- Business customersYour business has a valid Australian Business Number (ABN) and is registered for GST.
- Business customersYou intend to use the asset mostly for business use.
Constraints
- Minimum limit — $15,000.00
- Minimum term of 1 year and Maximum term of 7 years
More Information
Published by St.George Bank under the Consumer Data Right · Last updated 25 May 2026 · Product ID STGEFFinanceLease · View on CDR.gov.au · View Source Data (JSON)