TODAY'S INTEREST RATES
Last Updated 24th August 2026. Interest rates are subject to change. Reserve Bank of Australia held interest rates at 4.35% on 11th August 2026.
| Loan Type | Interest Rate | Description | Security Type | Quotes |
|---|---|---|---|---|
| Traditional Lenders (Banks & Tier-1 Non-Banks) | Standard asset finance rates for businesses with full-doc applications | |||
| Chattel Mortgage | 6.26% – 8.74% | Business vehicle and equipment finance using the asset as security | Vehicle / Equipment | Enquire |
| Hire Purchase | 6.54% – 9.24% | Finance option where the lender owns the asset until the final payment | Vehicle / Equipment | Enquire |
| Finance Lease | 7.14% – 9.50% | Lease where ownership may transfer at end of term | Business Equipment | Enquire |
| Operating Lease | 7.20% – 10.10% | Shorter-term lease with no transfer of ownership | IT / Tech / Vehicles | Enquire |
| Low-Doc Equipment Finance | 7.49% – 10.99% | For ABN holders with limited financials | Commercial Assets | Enquire |
| Medical / Dental Equipment Finance | 6.14% – 7.70% | Specialised finance for medical professionals | Medical Equipment | Enquire |
| Construction / Earthmoving Equipment | 6.70% – 9.90% | For builders, civil contractors & tradies | Heavy Machinery | Enquire |
| Non-Bank & Specialist Lenders | Flexible credit criteria, slightly higher rates | |||
| Low Doc / No Doc Asset Finance | 7.80% – 11.50% | Ideal for self-employed with minimal documentation | Vehicles / Equipment | Enquire |
| Business Car Loans | 7.14% – 9.74% | For self-employed or company cars | Vehicle (under 5 years) | Enquire |
| Truck & Trailer Finance | 7.40% – 11.20% | For logistics, freight and transport businesses | Truck / Trailer | Enquire |
| Agricultural Equipment Loans | 7.24% – 10.24% | For tractors, harvesters and rural plant | Farm Equipment | Enquire |
| Private Lenders | Shorter terms, higher rates, fast approvals | |||
| Fast Asset Finance | 9.50% – 15.20% | Quick access with minimal docs | Commercial Assets | Enquire |
| Short-Term Equipment Loans | 11.10% – 17.24% | 6–18 month terms for urgent asset purchases | Machinery / Tools | Enquire |
| Private Business Car Finance | 9.20% – 13.80% | For clients unable to secure bank funding | Car / Ute / SUV | Enquire |
Warning: Variability of Interest Rates for Asset Finance
Important Notice: The interest rates listed in the table are indicative ranges based on current asset finance market conditions in Australia for 2025. Actual rates will vary depending on the nature of the asset, borrower profile, and lender. Key factors that influence asset finance interest rates include:
- Business Creditworthiness: Businesses with strong credit histories (credit score 700+), positive cash flow, and solid financials typically qualify for the most competitive rates. Startups or businesses with poor credit may face significantly higher rates.
- Asset Type and Age: New or standard assets like trucks, commercial vehicles, and equipment attract better rates. Older or specialised assets (e.g., used machinery, hospitality equipment) may require higher rates or different loan structures such as lease or rental finance.
- Loan Type: Chattel Mortgages, Finance Leases, Operating Leases, and Hire Purchase agreements all have different risk profiles, tax treatments, and pricing. Secured loans generally have lower rates than unsecured or low-doc options.
- Industry Sector: Industries with stable earnings (e.g., healthcare, logistics, civil construction) often receive more favourable terms. Higher-risk sectors such as hospitality, agriculture, or seasonal trades may face stricter criteria or higher rates.
- Lender Type: Banks offer competitive rates for strong applicants with full documentation. Nonbank lenders (e.g., Metro Finance, Grow Finance) are more flexible but often charge higher rates. Private lenders provide niche or low-doc funding at premium pricing for fast access or unique assets.
- Loan Term & Structure: Shorter terms generally have higher monthly repayments but lower total interest paid. Options like balloon payments or residuals can also affect the interest rate and affordability.
Recommendation: The rates shown are for guidance only and not a substitute for personalised lender quotes. Always compare offers from multiple providers and consider the full cost of the loan, including the Annual Percentage Rate (APR) and any fees. For tailored finance solutions, consult with an asset finance broker or use comparison tools such as Asset Finance Australia to obtain accurate quotes for your business and equipment needs.
Indicative Interest Rates for Commercial Property Finance Australia 2026
Please go to our dedicated commercial property interest rates webpage by clicking the button below.
Indicative Interest Rates for Business Finance Australia 2026
Please go to our dedicated business loans interest rate web page by clicking the button below.
Indicative Interest Rates for Home and Investment Loans Australia 2026
Please go to our dedicated home loans website by clicking the button below.
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