What asset finance actually costs in Australia right now.

Rate ranges by borrower profile

Indicative chattel mortgage ranges from published lender and broker market data (mid-2026). Most businesses land inside these bands:

• Established business (3+ years), clean credit, new asset: roughly 5.5% – 8% p.a.
• Established business, good used asset: roughly 7% – 10% p.a.
• Growing business (1–3 years): roughly 7.5% – 11.5% p.a.
• New business (under 12 months): roughly 9% – 14% p.a.
• Low-doc files: typically 0.5 – 2 points above the equivalent full-doc range
• Credit blips (paid defaults and the like): roughly 12% – 15%+ p.a.

Rate ranges by asset type

What you're buying moves the price as much as who's buying it — resale market and lender appetite differ by asset:

• Prime movers: roughly 5.5% – 7.5% — strongest resale market, lenders compete hardest
• Rigids, tippers, utes and vans: roughly 6% – 9%
• Major-brand excavators and earthmoving: roughly 5.5% – 9%
• CNC and manufacturing machinery: roughly 6.5% – 10%
• Medical and dental equipment: roughly 7% – 11%
• Specialist food-processing and niche equipment: roughly 8% – 12%+

Why the ranges are wide

Asset finance is risk-priced. The five things that move your number: how long the ABN's been trading, how the income is documented, the asset's resale strength, the deposit and balloon shape, and which lender sees the deal. Two lenders can price the same file a point apart — which is why one file goes to 40+ lenders and you see the best of them.

Market data also shows a broker shopping a file across a panel typically improves the headline rate by half a point to a full point versus a single direct approach. That's the whole job, really.

Fixed, and where the cash rate sits

Most Australian asset finance is fixed for the term — your repayments don't move when the RBA does. Rates across the market track the cash rate with a margin, so when it moves, new pricing follows within weeks. The badge above shows the current official rate, pulled live from the RBA.

These ranges are indicative market figures, not a quote and not an offer. Credit criteria, fees and comparison rates apply — the comparison rate on a real quote is the honest cost, because it includes the fees the headline rate hides.

Getting your actual number

Send the deal — asset, price, ABN age, how the income's documented — and most files come back with real lender numbers inside 24 hours. That's the only way to know which band you're actually in.