Equipment finance

For your business to grow, you need the right equipment.

Equipment finance

Whether it’s the purchase of a new vehicle, an upgraded manufacturing plant, or energy efficient equipment, our lending specialists can help you decide on the best option for your business. So you thrive now, and in the future.

Equipment Loan

You own the asset and purchase it with a loan, using the equipment as security.

Upfront costs

We finance 100% of your financed equipment usually with no deposit.

Asset ownership

As you own the asset, you may be entitled to claim GST input tax credits, depreciation and interest expenses^*.

Repayment

Flexible and tailored repayment structures depending on your cash flow needs.

A balloon payment may be included at the end of the term.

Asset Purchase

We purchase and own the asset; you buy it from us by paying agreed instalments over an agreed period.

Upfront costs

We finance 100% of your financed equipment usually with no deposit.

Asset ownership

We own the asset, you may still be entitled to claim GST input tax credits, depreciation and interest expenses^*.

Repayment

Flexible and tailored repayment structures depending on your cash flow needs.

A balloon payment can be included at the end of the term.

Finance Lease

We purchase and own the asset and lease it to you for an agreed period.

100% finance of the purchase price, deposits not permitted.

Asset ownership

We own the asset and often the entire rental payment is tax deductable*.

Repayment

Flexible and tailored payment structures depending on your cash flow needs.

A mandatory residual at the end of the term means you will benefit from lower rental instalments.

You can make an offer to purchase the asset at the end of the term.

Novated Lease

Designed specifically for employee motor vehicles that form part of a salary package arrangement.

Upfront costs

100% finance of the purchase price, deposits not permitted

Asset ownership

We own the vehicle at the end of the term.

Repayments

Repayments made by your employer out of your pre-tax salary^*.

A mandatory residual at the end of the term means you will have lower rental instalments.

You can make an offer to purchase the vehicle at the end of the term.

Hear from our customers

The grass is greener for Matt Bolton of Cairns Golf Club. We asked the right questions to understand exactly what the club needed. Equipment financing and operating accounts are now in place for flexible and efficient irrigation and day-to-day business banking.

Matt Bolton, Cairns Golf Club

Cairns Golf Club

Right from day one, when we first sat down with the business banker from Bendigo Bank, they actually made us feel like our business matters. The business banker was right there asking questions, down to pipe sizes, stuff like that. So, to have that understanding, it showed they cared and that our business mattered to them.

My name's Matt Bolton. I'm the general manager of Cairns Golf Club here in Far North Queensland. One of the big things we learned during the COVID period, when effectively the clubhouse was closed down, golf is our bread and butter.

It's what we do. So, we needed to fix the irrigation system.

Getting the support of Bendigo Bank was pivotal in getting this irrigation system done. There's no way we could have completed the project without their support. That's revolutionised our operation. Being able to get that irrigation system installed changed this club's trajectory for the next 30 years. We've never really been able to put the water where we want it. It's just let it fall out of the sky. So now with the irrigation system, we can actually put the water where we want.

The labour we used to waste, 25 to 30 hours a week turning stuff off and on. Now, we're actually going to be able to put that to better use in fixing the golf course, making it better, making other improvements.

The facility we've got is very flexible, very handy for us. So the loan that we actually use for the irrigation system, it's great. We can transfer money so simply backward and forwards to our standard operating account when we need it. And then obviously when we get funds coming back in, we can transfer it back over onto the loan. And we've got around five or six cards that staff use for different sections, which just gives the flexibility to do what we need.

We would 100% recommend Bendigo Bank to other operations, other golf courses, other community clubs. Go and talk to your local business banker. They've been fantastic to deal with for us and couldn't recommend them highly enough.

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Things you should know

Terms, conditions, fees, charges and lending criteria apply. Individual circumstances may vary. You should consult your taxation advisor and read the relevant Terms and Conditions available at bendigobank.com.au before making a decision. Rates are subject to change.

*As the taxation and accounting treatments of various finance products may vary, we recommend you seek independent expert advice before choosing an option.

^{^} Roy Morgan Risk Monitor 2024. Customers of Bendigo and Adelaide Bank Limited.