Equipment Loan Repayments Calculator

Use our simple calculator below to determine the repayments on chattel mortgages to finance your business equipment.

No obligation. It won't affect your credit score.

Financing your business’ equipment with a chattel mortgage is one of the most cost-effective ways to purchase assets for your company or practice. Knowing exactly how much it costs each instalment, however, is an important part of ensuring what loans are manageable for you and your business.

That’s where Savvy’s equipment loan calculator comes into play. You can calculate the monthly, fortnightly or weekly repayments on any chattel mortgage for free based on varying loan amounts, interest rates, loan terms, deposits and residual payments.

Run the calculations before applying for equipment financing with Savvy to determine the loan you can afford.

The features to enjoy if you choose equipment finance with Savvy

Competitive interest rates

With affordable rates on offer from our wide panel of lenders, you can enjoy a low rate on your commercial finance and minimise the cost of your loan.

Various tax benefits

GST is claimable on your purchase, as is the interest on your payments and depreciation of your equipment, which can save a significant amount on tax.

Borrow 100% of your equipment’s cost

You’re only limited by what you’re able to comfortably repay when it comes to your borrowing amount, with financing available up to the purchase price of your equipment.

Repay your loan over one to seven years

Stagger your repayments over a period that best suits your business’ cash flow, with terms as short as one year and as long as seven able to be chosen.

Finance any kind of equipment

Whether you’re looking for heavy machinery, a vehicle like a truck, crane or tractor or even POS systems, we can help you get approved for financing.

Buy new or used

It doesn’t matter whether your equipment is brand new, used or an ex-lease model; our flexible lenders offer solutions for a diverse range of product types and conditions.

Optional deposit or residual payment

You can cut down on your monthly repayments by contributing either a deposit at the beginning, or a residual payment at the end, of your loan.

Available to self-employed workers

It’s not just bigger businesses that qualify for equipment finance: there are just as many options for sole traders, with or without their tax returns.

Why you should finance your commercial equipment with Savvy

Chattel mortgage vs. equipment lease explained

Frequently asked equipment loan questions

Is financing available for businesses whose income is seasonal?

Yes – we’re partnered with a range of flexible lenders who understand the nature of seasonal businesses and the restrictions their cash flow places on them. As such, you can enjoy flexible repayment terms tailored to your business’ needs when you submit your application through Savvy.

Can I take out a chattel mortgage for business equipment for my startup?

Yes – our lenders are also able to work with startup businesses who need a hand purchasing their equipment. Your Savvy consultant will guide you through the process and help you find and compare deals at the lowest rates and best loan features available for your business’s position

How can I access the best equipment loan interest rate?

There are several avenues you can take to reduce your loan’s interest rate. Firstly, buying new or near-new equipment will open you up to the lowest rates, as these come with the highest resale value. Having an established business with a track record of consistent income will also increase your lender’s confidence in you, as will being backed by a significant asset as a business owner such as plentiful savings and/or property.

What happens with the GST on an equipment lease?

Your financier is able to claim the GST on the purchase of your leased asset, which can then be passed onto you in the form of savings on your instalments. You can’t personally claim GST under a leasing agreement, although you can do so if you opt for a hire purchase arrangement and conduct your business’ accounting on an accrual basis.

How quickly can my loan be approved?

We can get your application kick-started in no time, with approval available within one day and complete settlement, with funds released to your seller and ownership of the asset transferred to you, in as little as 48 hours.

Your commercial finance options

Helpful guides on commercial loans

Your next truck: to buy or to lease?

Of course, the toss-up is between buying a truck and leasing one. In 2015, via the Truck Industry Council Report, the Australian Equipment Lessors Association reported the Truck and Trailer...

5 benefits that come with equipment finance

1. Manage your cashflow better Having enough cash flow to manage your businesses expenses is vital to any business. According to research conducted by McCrindle, 51% of business startups do...

We'd love to chat, how can we help?

By clicking "Submit", you agree to be contacted by a Savvy Agency Owner and to receive communications from Savvy which you can unsubscribe from at any time. Read our Privacy Policy.