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Acquiring financing for your drilling and boring equipment to drive your business to new heights can often pose a complex challenge. It’s not uncommon to discover that your local bank might not fully comprehend the immediate and long-term impacts of investing in drilling and boring equipment for your business. At iCREDIT, we understand.
iCREDIT specialises in delivering tailored solutions for forward-thinking companies across the nation. Recognising the value of your time and the impracticality of being off-site, our team of equipment finance specialists will work directly with you. We make it our mission to understand your unique business requirements and the substantial advantages that additional equipment can bring.
We can provide expert guidance on the ideal drilling and boring equipment finance solution that aligns with your goals.
Experience the ease of our straightforward stepped process, ensuring you access your funds without delay.
Apply Online using our simple application form to start your finance journey
We’ll compare your equipment loan through our panel of lenders to find a suitable solution.
Get your transparent loan offer with interest rate and repayments to approve.
Funds are transferred to the seller within 24 hours, helping you take delivery sooner.
At iCREDIT, we recognise that every business is distinctive. That’s why we invest the time to deeply understand your specific business objectives, allowing us to craft loan products perfectly tailored to your individual needs. We specialise in offering flexible financing solutions for a wide range of business-related equipment, with a strong emphasis on concrete pumping equipment.
Drilling equipment finance involves securing funding for the acquisition of drilling machinery. It’s beneficial for businesses looking to invest in such equipment without a substantial upfront cost.
Common options include Chattel Mortgage and Leasing. Chattel Mortgage allows you to own the equipment from the start, while Leasing provides the option to upgrade at the end of the lease term..
Chattel Mortgage is a form of asset finance where you take ownership of the equipment from the beginning, and the lender takes a mortgage over the equipment as security.
Leasing provides flexibility, potential tax benefits, and the ability to upgrade equipment at the end of the lease term without the commitment of ownership
Yes, both Chattel Mortgage and Leasing offer flexibility in terms of loan duration, deposit amounts, and repayment structures to suit your business needs.
Interest rates are generally fixed for the loan term. Fixed rates provide stability, while variable rates may offer flexibility.
The approval process involves submitting your financial information and details about the equipment. Once approved, funds are released, and you can acquire the drilling equipment.
Yes, both Chattel Mortgage and Leasing may offer tax benefits, and the interest paid on the finance is often tax-deductible.
Yes, many lenders provide finance for both new and used drilling equipment. The terms may vary based on the age and condition of the equipment.
The choice depends on factors like your preference for ownership, budget considerations, and whether you want the flexibility to upgrade equipment in the future. Consulting with a finance expert can help you make an informed decision.
