AUSTRALIA'S PREMIER EQUIPMENT FINANCE
Scale Your Business With Confidence
Secure rapid access to capital and unlock your company's growth potential. We provide fast, tailored equipment finance solutions designed specifically for Australian businesses.
Access to Over 40+ Trusted Lenders
OVER 40+ TRUSTED LENDERS
Backed By 40+ Lenders
WHY CHOOSE US
The New Direction Advantage
Preserving your cash flow while acquiring the assets you need is critical for scalable growth. At New Direction Finance, we don't just process applications—we strategically structure your equipment finance to maximize your tax benefits and protect your working capital.
- Preserve working capital and manage cash flow effectively.
- Maximize potential tax deductions on new equipment.
- Access rates you can't get alone via 40+ trusted Australian lenders.
Built For Growth
Fast Approvals
Experience 24-hour turnaround times to secure your equipment and keep your business moving without delay.
Flexible Terms
Customized financing solutions carefully structured to match your unique cash flow and operational cycles.
Unmatched Reach
Leverage our established network of over 40 trusted Australian lenders to secure the most competitive rates.
Home / Chattel Mortgage Calculator
Chattel Mortgage Calculator
Estimate repayments on a chattel mortgage for business equipment, trucks, machinery or commercial vehicles. Change the loan amount, term and balloon (residual) payment to see how each affects your repayments and total interest.
How a chattel mortgage works
With a chattel mortgage you borrow to buy a business asset, and the asset is held as security for the loan. You own the asset from the start and repayments are fixed over the term. A balloon, or residual, is an optional lump sum due at the end. It lowers your regular repayments but increases the total interest, and you will need to pay it out or refinance it when the term ends.
What to check before you apply
Tax treatment, including GST and deductions, depends on your business structure and circumstances, so confirm it with your accountant. Lenders will also look at the asset, your trading history and your ability to repay.
Frequently asked questions
What is a balloon payment on a chattel mortgage?
A balloon, or residual, is a lump sum due at the end of the loan term. Setting one reduces your regular repayments, but you pay more interest in total and must pay it out or refinance it when the term ends.
What can I finance with a chattel mortgage?
Commonly trucks, trailers, utes, machinery, tools and other equipment used mainly for business. Eligible assets vary by lender.
Is the rate in the calculator the rate I will get?
No. The rate is an example only. Your rate depends on the lender, the asset, the term and your circumstances.
How long can the loan term be?
Terms commonly range from one to seven years, depending on the lender and the type and age of the asset.
More calculators and finance options
APPROVAL VELOCITY
From Application to Settlement
We've stripped away the institutional red tape. Secure the equipment your business needs to grow with a streamlined, transparent process designed for maximum speed. Experience approvals in as little as 24 hours.
STEP 01
Consult & Strategize
We evaluate your business goals and equipment needs to determine the optimal financial structure, ensuring the solution aligns perfectly with your growth trajectory.
STEP 02
Compare 40+ Lenders
We leverage our vast network of over 40 trusted Australian lenders to secure the most competitive rates and terms, presenting you with the strongest options.
STEP 03
Acquire & Grow
With fast-tracked approval and settlement in as little as 24 hours, you get the keys to your new equipment and can focus entirely on scaling operations.
AUSTRALIAN BUSINESS SUCCESS
Real Results
New Direction Finance got our new fleet funded in under 48 hours. The process was completely seamless with zero red tape. Exactly the speed a growing business needs.
Accessing their 40+ lender network meant we secured a much better rate on our excavators than our bank offered. The team understood our industry and delivered fast.
Funding our new diagnostic equipment was handled with absolute professionalism. Fast, clear communication and a fantastic financial result for our clinic's expansion.
YOUR NEXT STEP
Ready To Expand?
Don't let capital constraints slow down your business. Leverage our network of 40+ trusted Australian lenders to get the precise equipment you need, with approvals in as little as 24 hours.
No obligation • Fast approvals • 40+ Lenders
Empowering Australian businesses with fast, reliable equipment finance. Proudly backed by an extensive network of over 40 trusted lenders.
Important legal stuff
New Direction Finance (ACN 16 727 63 06), Australian Credit Representative Number is 499888 authorised under Australian Credit Licence 389527 We will never sell your email address to any third party or send you nasty spam, promise.
New Direction Finance is a privately owned and operated Australian business.
*WARNING:
All applications are subject to assessment and lender approval. Quoted rates apply to personal loans unsecured loans and all applications are subject to assessment and lender approval.
IMPORTANT INFORMATION:
Loan terms differ and subject to lender and credit criteria. Any calculations or estimated savings do not constitute an offer of credit or a credit quote and are only an estimate of what you may be able to achieve based on the accuracy of the information provided. It doesn’t take into account any product features or any applicable fees. Our lending criteria and the basis upon which we assess what you can afford may change at any time without notice.. All applications for credit are subject to lender credit approval criteria.© New Direction Finance 2026
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