Thousands ABN Holders Eligible For Reduced Rate
Asset Finance Loans

  • Asset finance loans from $10,000 to $1mil+
  • Specialist finance for active ABNs – Available to all industries
  • Qualify for more than initially thought or at a better rate
  • No deposit, 100% tax deductible options
  • Lowest rates for new or used business assets

Get Pre-Approved in Less Than 60 Seconds

Check if I qualify

Finance to support business owners

No Hassle Asset Finance for Australian Businesses

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Credit Score Protection: Genuine approvals without impacting
your credit score.
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Highest Approval Rates: Assistance for those with minor credit impairments – Less than perfect credit is okay
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No Buying Restriction: No purchase restrictions on industry, location, equipment or vehicle age
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No Financials Needed: Experts in low doc, no doc finance – Specialist finance for ABN holders

How it works

1 Get a FREE quote

Fill in our quick 60 second form for pre-approval

2 Get the BEST finance

Based on your information we will compare finance across our panel of lenders and provide you with the best loan options available.

3 Get FUNDING

Pick and finalise finance.

Minimum Asset Finance Requirements

Are over 18

Have a current and valid drivers licence

Are an Australian resident or citizen

Have a valid ABN or ACN (new or existing)

Flexible Finance For All Types of Vehicles & Equipment

Trucks

Utes

Cars

Vans

Trailers

Construction

Agriculture

Earthmoving

Equipment

Other

Trucks

Utes

Cars

Vans

Trailers

Construction

Agriculture

Earthmoving

Equipment

Other

Asset Finance Advantages
That Many Don’t Know

If you are self-employed or a business owner looking to purchase equipment, you can access exclusive asset finance rates for ABN holders only. Compare asset loans across 70+ lenders and take advantage of extended tax benefits and more! Get specialised assistance covering all loan types from no deposit options to different low doc solutions for new or existing ABNs.

Purchase any type of assets or equipment – new or used.

Quickly calculate and find your best asset loan options for your business with no impact to your credit score!

  • 1 day business continuance ABN
  • Larger balloons & more flexible terms
  • Lowest rates through direct lender negotiations
  • ABN loan options with no credit check
  • Easy low doc replacement policies
  • Low doc to $100k for new ABNs
  • Low doc to $250k for ABNs + home owner

Asset Finance Designed For ABN Holders

At Comparison Australia we make any type of asset finance for ABN holders simple. No hassle for all businesses regardless of size, time in business, industry, or location.

Access the best asset finance loan deals & get the lowest rates across 70+ lenders & banks.

Lenders Supporting Business!

  • GST & tax breaks for ABN holders
  • No deposit or paperwork options
  • Approvals & funding in as little as 24hrs
  • Secure or unsecure asset loans
  • Purchase new/used assets: vehicles, equipment etc.

Applying For Asset Finance

People also asked

How do I finance a car with my ABN?

You can finance a new/used vehicle or equipment through your ABN (business) with most lenders. The main criteria is to be able to prove to lenders and the ATO that it will be used for business purposes and qualify for the loan.

With regards to lenders, borrowers can access a range of asset finance loan options, including: full doc, low doc and in some cases half doc solutions.

Full doc finance is a traditional loan and may require a large amount of paperwork; including tax returns, bank statements, business activity statements and up to date accounts. Rates for full doc loans are often lower than low doc finance.

Low doc finance is popular as it requires less paperwork along with a bit more flexibility in approvals. General lender requirements for low doc finance may include; recent BAS or from previous year, summary of business accounts, possibly a deposit or be asset backed.

Half doc finance is obviously in the middle of the other options, typically requiring documents like a BAS + 6 months bank statements.

In all cases the better your credit the better your rate and chances of approval.

A quick chat with the Comparison Australia team can quickly highlight options across our large panel of lenders.

Are there any asset finance purchase restrictions, can I buy used equipment or vehicles?

Each lender will have its own criteria based on the age of the vehicle/equipment, LVR amount and credit assessment. In most circumstance the newer the vehicle or equipment the better for approvals. There are however certain lenders that specialise in funding older or unique vehicles and equipment.

Comparison Australia’s partners have access to 70+ lenders and banks making it easier for borrowers to find a lender that will fund most things.

What are the main reasons businesses get declined for asset finance?

The main reasons a business owner may get knocked back from finance include:

– ABN age and activity. Those with a short trading history may not be able to demonstrate steady income. (However there are instance where 1 day ABN’s or business continuance can be approved due to prior history)

– Not being GST registered will reduce options, often reducing the amount a lender will provide.

– Poor credit or banking conduct. Low running balances, late fees or dishonours will often lead to a decline in funding.

– Negative or low cash flow will impact serviceability resulting in declines. The business must show the capacity to repay the loan on top of general business running costs.

– Business in liquidation or being de-registered by the government will not be able to borrow.

The above are some of the more common reasons a business will not qualify for finance. By speaking with a Comparison Australia partner, they will be able to quickly outline potential options if your dealing with any or multiple points above. Whilst borrowing options will be reduced or tricky, there still may be specialist lenders willing to provide funds.

What is asset or equipment finance?

Asset Finance is a form of short term funding (up to 7 years) to access business related assets. This can include any type of equipment, vehicles, technology or other business related items. It’s essentially a secure loan on the asset being financed and there are many options available.

If you wish to speak to a finance specialist, please contact us and we’ll be happy to answer any questions.

Is equipment cheaper with an ABN?

The overall costs of owning a assets or equipment through your business can be cheaper as there are GST & other tax breaks available.

How long does a business need to be trading to get asset finance?

Most lenders prefer your ABN be active for at least two years. However, there are certain lenders that will accept 1 year ABN’s or less based on different circumstances such as ‘business continuance’ or strong cash flow.

A quick chat with Comparison Australia partners can provide current options across different lenders and their ABN length requirements.

What are asset finance loan requirements?

The below are general requirements a lender may request.

You’ll first have to confirm that:
– You are a active ABN holder
– That the vehicle or equipment will mostly be used for business purposes (i.e. more than 50% of the time)

Proof of Identity (one or multiple of the following)
– Drivers licence
– Passport or Proof of age card
– Valid Medicare card
– Valid credit card or debit card
– Can also use a valid Veteran card

Documents can include any of the following:

– Proof of residence via a rates notice
– Financial statements (ideally from an accountant)
– Bank statements (generally 2 months, possibly more)
– Recent Business Activity Statement (BAS)
– ATO Tax Agent portal report (generally for a trading period)
– Accountants letter confirming business activity
– Depending on trading structure: Income tax return and/or Personal tax return (1 financial year)

Other documents may be requested based on individual business circumstances. For those that may have a difficult time producing these documents, a low or half doc loan may be preferred.

Speak to a Comparison Australia partner to quickly learn about ABN finance options and what documents will be needed.

We can also provide detailed information on low doc & half doc finance options to remove the hassle of documentation.

What are the current rates for asset finance loans?

Like most finance, rate is determined by the borrowers specific circumstances and background.

Comparison Australia’s partners have access to the lowest rate provide by 70+ lenders and banks including equipment finance specialist.

At them moment, the lowest advertised rate for business finance across our extensive list of lenders is 3.65% PA.

If you wish to speak to a finance specialist, please contact us and we’ll be happy to answer any questions.

How fast can I get an asset finance loan?

Depending on lender and what your after, there are very quick turnaround times for asset finance loans. In certain circumstances borrowers can receive unsecure funds in the same day or within 24 hours. Borrowers after a secure loan for a vehicle or equipment can get funding as quick as 24 to 48 hours.

Quick funding is dependant on having all documents required by the lender ready to go for immediate assessment and approval.

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