Streamlined Financing for Every Industry
Finance Today, Own Tomorrow
Our equipment finance solution is based on the Islamic principle of Rental-to-Own. This means:
the Financier actually buys the asset and has full legal title to it; and you then rent it for an agreed term
This is not a chattel mortgage where the lender advances you money to purchase the asset and then takes security over the asset – a chattel mortgage is not Shariah compliant. Our model is a pure rental model.
At the end of the rental term you have the following options
- Buy the asset
- Extend the rental term
- Return the asset
Versatile Financing For Businesses
Equip Your Business, One Asset at a Time
We finance the following:
TIER 1 – Cars and light commercial
Cars, utes, vans, light commercial, caravans
TIER 2 – Trucks, wheels and tracks
Trucks and trailers Yellow goods, buses, materials handling, access, agriculture
TIER 3 – Plant equipment and solar
Plant and equipment (medical, machinery, manufacturing, CNC wood and metal) & yellow goods attachments Solar
TIER 4 – Other
OTice technology, scaTolding, temporary fencing, portable buildings, air conditioning, refrigeration, drones, gps, spray booths, fit out, catering
Product Eligibility Criteria
Eligibility
Criteria
Low Doc
Time in business
12 – 24 months ABN/GST
Equifax director score
550 Additional directors ≥ 450
Financial information
None
Max finance amount (property owner)
- Tier 1: $180k per passenger vehicle (Excluding GST)
- Tier 2: $250k (Excluding GST)
- Tier 3 & 4: $200k (Excluding GST)
Max finance amount (Non property owner)
- Tier 1 & 2: $150k (Excluding GST)
- Tier 3 & 4: $150k (Excluding GST)
Deposit requirements
- Non asset backed (you don’t own property):
- 20% above $70k for cars
- 20% above $100k for utes, vans & trucks
Low Doc Redraw
- Property owner – Tier 1 & 2: $300k
- Non property owner – Tier 1 & 2: $200k
An increased client limit on low doc is accessible following 12 months good account conduct. Includes existing exposure.
Prohibited industries
Fitness, beauty (unless owner/operator medical practitioner, registered nurses), rideshare
Easy Car Financing
Would You Like To Apply For A Quote?
We will need some details from you to be able to provide you with an indicative quote. To assist us please fill in the form below. Once we have received information in the Vehicle Application Form we will provide you with an indicative within 48 hours for your approval. If you are happy with the quote we will then submit your application for approval which we typically obtain within 24 hours.
