Own the asset.
Build your business.
Chattel mortgage finance for business vehicles, trucks and equipment. Explore a loan structure that supports your next purchase, with practical guidance from HFG.
Based in Melbourne. Helping customers across Australia.
Broker support from start to finish.50+lenders on our panel
What is a chattel mortgage?
A chattel mortgage is a business loan secured against the vehicle or equipment you buy. You own the asset from the outset, while the lender holds security over it until the loan is repaid.
Choose your asset
Tell us what you are buying, its price and how your business will use it.
Explore the structure
Discuss the loan term, deposit, regular repayments and any proposed balloon with your broker.
Keep your business moving
If approved and the lender’s conditions are met, funding is arranged for your purchase.
The asset secures the loan. Lender conditions and any additional security or guarantees should be reviewed before you commit.
From the daily ute
to the next big machine.
Utes, Vans & Work Vehicles
For the tools, deliveries and work that keep your business moving.
Buying ovens, printers or fabrication equipment? Explore secondary equipment finance
Regular repayments.
A clear plan for the finish.
Repay the loan through the term.
With no scheduled balloon, the loan is structured to be paid off through your regular repayments.
For an otherwise equivalent loan, regular payments are higher than with a balloon, but total interest is generally lower.
A final lump sum to plan for.
A balloon leaves an agreed amount payable at the end. It can reduce regular repayments but generally increases total interest for an otherwise equivalent loan.
Plan how you will pay that final amount. Refinancing requires a new assessment and is not guaranteed.
Compare the total amount payable, interest, fees and final balance—not just the regular repayment. Available structures depend on the lender and your circumstances.
Low doc or full doc.
Let’s explore your options.
Your broker can discuss the documentation pathway available for your business, purchase and lender.
An alternative documentation pathway.
Some lenders offer low-doc business asset finance for eligible applicants, with fewer financial documents than their standard full-doc process.
- Requirements vary with the lender and finance amount.
- Trading history, credit profile and the asset still matter.
- Supporting information may still be requested.
A fuller picture of your business.
Full-doc finance uses supporting financial information to help the lender assess your business and ability to repay.
- Documents may include financial statements, tax returns or bank statements.
- Your broker explains the lender’s requirements.
- Available terms depend on the lender’s assessment.
Low doc does not mean no assessment or guaranteed approval. Eligibility, documents, rates, fees and terms depend on the lender and your circumstances.
Start with your business.
Then the paperwork.
We begin with your plans and explain what the lender needs. You can speak with us before you have chosen the exact asset.
Your accountant can advise on GST, interest deductions, depreciation and business-use treatment for your circumstances. Tax benefits are not automatic.
Useful information to have ready
- Business structure, ABN and trading history
- Asset details, supplier quote and purchase price
- Your preferred timing, deposit and repayment budget
- Financial documents requested for the lender’s assessment
Your broker will explain how to supply documents securely.
From first conversation
to your next move.
Tell us your plans
Share what you need finance for, your approximate budget and timing.
Understand the options
Your broker discusses your circumstances and explains the next steps for lender assessment.
Progress your application
We guide you through the information needed and keep you updated as your application progresses.
A little clarity
before you commit.
Do I own the asset from the start?
Yes. Under a chattel mortgage you own the purchased asset from the outset, with the lender holding security over it while the loan is outstanding.
Is a chattel mortgage the same as a lease?
No. A chattel mortgage funds your purchase with a secured loan. A lease involves a different ownership arrangement. Your broker can explain the available products, and your accountant can advise on their treatment.
Can I discuss low-doc finance?
Yes. Some lenders offer a low-doc pathway for eligible business borrowers. Trading history, the asset and credit assessment still matter. We can discuss the requirements alongside full-doc options.
Can I buy a new or used asset?
Tell us the asset’s age, condition, seller and intended business use. Your broker can explore lenders’ requirements for the purchase you have in mind.
Should I include a balloon?
A balloon needs a plan for the final payment. Ask your broker to compare regular repayments, total interest and the final balance for available structures before you decide.
Can you explain the tax benefits?
Your accountant should confirm the tax treatment for your business. We can explain the finance structure and provide the loan information they need.
All finance is subject to lender assessment, eligibility and approval. Rates, fees and terms vary.
Your next step
starts with a conversation.
Tell HFG what you have in mind.