Find flexible funding for your mining operation
More competitive finance options to start extracting and making profits.
Competitive finance for mining equipment
Mines run on their equipment. From mine-spec trolleys all the way up to prime movers and plant, a mining operation’s success requires competitive finance solutions. Savvy tailors finance to help your mining operation, whether it’s exploring, excavating, or processing, get the finance it needs to maintain crucial cash flow. We look for loans from over 25 of Australia’s leading banks and lenders to make sure you gain the most value.
All types of finance for mining
Mining can be highly speculative, and technology can move fast. Savvy can give your mining company the flexibility of operating or finance leases so you can use equipment when you need it and replace it for new or specialist equipment when the time comes. Create a mix of loans and leases to suit your accounting and operations. Our loan consultants work with you to secure seasonal finance and other funding options that suit you.
Compare mining equipment finance with Savvy
Savvy helps you compare leading mining equipment lenders so you gain a competitive edge for your business.
|Lender||Product Name||Advertised Rate||Comparison Rate||Monthly Repayment|
|Savvy||Secured Equipment Loan|| 4.99% |
|BankWest||Business FeeSaver Loan - Res Sec|| 5.80% |
|BankSA||Business Loan Variable|| 6.78% |
|ANZ||Business Loan Variable - Res Sec|| 7.10% |
|Commonwealth Bank||BBL Var Non-Res Sec|| 7.81% |
* Commercial loan with the loan amount of $40,000 is looking at a 5 year secured fixed rate of 2.85% p.a. and comparison rate of 3.93% p.a.. WARNING: all fees and charges may not be included on the example above, only the comparison rates, monthly repayment and total cost applies. Therefore, the total cost of the loan might be different. Comparison rate do not include broker fees, redraw fees, early termination fees and fee waivers. Comparison rate may change as a result of the different loan terms, fees and the loan amounts. Establishment fees and monthly fees do not apply to commercial loans, only consumer loans. However, there might be different fees apply.
Why choose Savvy for your mining loans?
When it comes to mining equipment, you can trust the experts at Savvy.
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Your mining equipment finance questions answered
Answering common questions on equipment and mining finance
Need mining equipment finance? Find out what suits your business
We offer flexible mining equipment solutions so you can make the most of your next project
A chattel mortgage or hire purchase is a type of secured loan that allows businesses to purchase equipment. The main difference between the two is that a chattel mortgage gives ownership to the business immediately; a hire purchase classifies repayments as operating costs until the loan is paid off. Both allow you to take advantage of savings on GST, depreciation, and the instant asset write-off. Chattel mortgages are cash flow neutral; you can borrow more than your equipment’s value.