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Chattel Mortgage

When purchasing vehicles or equipment for your business, you’re looking to buy a vehicle or equipment for your business, a chattel mortgage is one of the best options you can look to. With customisable loan terms and repayment options, low rates and fees and multiple tax benefits, chattel mortgages are one of the most popular commercial finance products for sole traders, partnerships and companies, large or small.

CHATTEL MORTGAGE AVAILABLE FOR

Trucks & Trailers

Motorbikes & ATV’s

Motor Vehicles

Caravans & Camper Trailers

Equipment & Machinery

Boats & Marine

CHATTEL MORTGAGE FEATURES

The asset is in your name 

Unlike leasing, you own the asset from the start of the loan, meaning you are not subject to any loan restrictions such as modifications or klm limits.

Borrow 100% 

You don’t need a deposit with Chattel Mortgage contracts and can borrow 100% of the purchase price plus loan set up costs.

Loan Terms 

The loan term you choose is up to you. These can range from 1 through to 7 years and can be tailored to suit your budget

Tax Benefits

You can claim GST on the purchase of the asset as well as depreciation and the interest component as a business taxation deduction.

Optional Balloon / Residual Payment 

A chattel mortgage is flexible. It allows you to choose whether to have a residual value or balloon payment on the loan or not.

Early Repayment

Our panel of lenders allow you to repay the loan early if choosing a Chattel Mortgage

No Financial Option

As long as you tick a few boxes set by lenders, you may not need to provide detailed financial information such as up to date tax returns.

COMMON QUESTIONS

Is security needed for a Chattel Mortgage?

Yes, unlike personal loans, a chattel mortgage uses the asset your purchasing for your business as security for the loan.

Can i purchase a private sale with a chattel mortgage?

Yes! A chattel mortgage is similar to other asset loans which allows you to purchase private sale assets.

Is a Chattel Mortgage the right option for me?

A Chattel Mortgage is for ABN holders using the asset predominately for work purposes. If you’re purchasing the car, truck, equipment etc to be used for personal use, then a chattel mortgage may not be the best option for you and you may need to look at a consumer loan.

What do I need for my loan application?

To apply for a chattel mortgage, follow our easy online application.

The more information you can provide the better result and more options are available to you.

Your business loan consultant will be able to assess and deliver a suitable answer for you.

I have a bad credit rating, can I still get a chattel mortgage?

Yes, we offer a wide range of lenders for you to choose from and work hard to find and present your application correctly to ensure we receive the right answer. Our second chance loan options can help you keep your business moving with little downtime.

What happens at the end of my chattel mortgage?

A chattel mortgage is structured in a similar way to most loans, meaning you can have straight repayments from 1 to 7 years or opt for a residual / balloon payment to be paid as a last payment.

Once you have repaid the loan, the asset is yours.

CALCULATE YOUR CHATTEL MORTGAGE  LOAN REPAYMENTS

 

Calculate your monthly repayments, loan amount and interest rate

Loan Amount
$5000 $250000
Loan Term
12 months84 months
Interest
7.99%19.99%

■ Loan Principal ■ ■ Interest

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Loan Term:
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PROS & CONS OF CHATTEL MORTGAGE LOANS

PRO'S

You own the asset, meaning you are not restricted to klms, modifications of the asset.

Taxation benefits such as claiming the GST component from the purchase, interest payable on the loan through to depreciation.

CON'S

Not designed if you want a short term loan as most lenders will charge an early repayment fee if paying out the loan early.

No benefit if your not going to be using the asset predominately for business use.

Why Choose Us?

We understand chattel mortgage and business loans and our process streamlines your loan to deliver quick answers. Whatever your business requirements are and whatever your financial situation is, we’re on your side.

We’re backed by national buying power, meaning we’re in the best position possible to negotiate better, more affordable finance rates for you.

We compare lenders and banks from our panel to find the best available outcome.  Our system checks your loan throughout our panel of lenders without negatively affecting your credit rating to provide you transparent results helping you make a confident, informed decision.

At iCREDIT , we process thousands of loans each year, have in-depth knowledge of lender guidelines so we can present your loan correctly, giving you the best opportunity to get the right answer.

We’ve helped thousands of Australians find their loan.

I’ve used icredit for multiple loans and Scott has been nothing but professional, fast and amazing to work with. Can’t recommend them enough.
Fraser G.
I would like to thank Kim Shelverton for her assistance in getting my car loan.Kim is very friendly and professional it was a pleasure to deal with her.It was easy to get in contact with her no matter the time. I would recommend Icredit if you are looking for a a car loan.
EVA S.
Easy to deal with and very friendly staff. Fast turnaround time getting loans sorted
Daniel J
I cannot recommend Scott from credit enough! This is the second loan in a year Scott has helped me with and I couldn’t be happier with the service he provides.Nothing is too much trouble and my experience both times has been hassle free! Thanks Scott and Team!!
Racquel L.
Excellent customer service and extremely quick with the whole process.
Daniel P.
Friendly, knowledgeable and easy to deal with. Everything advised, you know what you need to provide and updates are provided throughout the process. They will even deal with the dealer direct to save you being the middle man. Approval and documents ready to sign within hours.
Meagan A.
I got my car loan processed and approved super quick, without any issues.AMAZING AND PROFESSIONAL
Eliza C.
Matt at iCredit has been awesome. The application and approval process was easy and very quick and the communication from Matt great.I would highly recommend this Company for their pain free and fast service.
Kerry S.
Highly recommend the team at icredit very helpful with getting a loan.
Amanda B.
Great people to deal with, Scott helped us out so much for a fast result couldn’t be happier
Wayne W.
I can’t recommend Christine at iCREDIT enough. She went above and beyond for us to make sure we got the product we were after. She made the process so easy and at rates better than our bank. Thanks Christine!
Kim D
Emily fromICREDIT was most helpful very easy to contact at all times for any help at any time couldn’t recommend her enough
casey H.
Can’t thank Emily enough, gorgeous person to deal with!! Patient and understanding Thankyou for the lovely service
Kiara T.
Glen Giggins from the icredit team recently helped with the finance for the purchase of our brand new gooseneck through Peaceland Horse Floats and Goosenecks and he was wonderful!!! he made the whole process so easy and went above and beyond to ensure we got the lender that met our needs. Both Glen and the services he provides are Highly recommended
Tahliah P.
Big Thank you to Glen Giggins for helping me refinance my home loan. Thank you for your patience and keeping me informed during the tedious process. I have a much better interest rate and lower mortgage repayments! Cannot recommend Glen highly enough!
Jade L.
Awesome customer service and managed to get me a great rate on my personal loan. Highly recommend contacting the team at iCredit for your lending needs.
Steve W.
A big thank you to Christine. Help me get my new 4WD Patrol within days at a better interest rate than the banks. Simply and stress free process. Cannot thank her enough.
Johnny O.
Julie was professional and easy to talk to from the outset of our enquiry. She understood our needs and did a fabulous job finding the right loan for us. We had approval within hours and settlement within 3 business days. It was an easy and wonderful experience and we would recommend her services to anyone looking for a professional, experienced and skilled broker.
Anieve J
Kim Shelverton made the entire process so effortless and less stressful, nothing was an issue for her, she is very friendly and helpful. Thank you Kim for all your help.
Paul M.
Jay T.
Kim and Scott were so accommodating and helpful and kept things smooth sailing the way through! They were patient and friendly 🙂
Teresa W.
Great service & made so easy. Fast
Rebekah C.
Glen Giggins from the icredit team recently helped with the finance for the purchase of our brand new gooseneck through Peaceland Horse Floats and Goosenecks and he was wonderful!!! he made the whole process so easy and went above and beyond to ensure we got the lender that met our needs. Both Glen and the services he provides are Highly recommended
Tahliah P.
I cannot recommend Christine from iCredit highly enough. I had been dealing with another broker who had done nothing but talk for 2 weeks before I called her. It was a complicated loan because of self-employment and the fact I had borrowed nothing from anyone in 12 years. Christine was onto it asap and got it all done within a week. Everyone happy; No tears.
Rondell J.
I would highly recommend Christine from iCredit. She is extremely professional in her work and always succeeds to beat any other competitors rate. She will go out of her way to listen and care for your needs in a loan. We have used Christine for various loans over the past few years and will continue to do so for years to come. Thanks Christine, you are a true gem!
Nathan
Many thanks to Kim for her prompt and professional service organising finance for a machinery purchase. Nothing was too much trouble for her ,she made the whole process smooth and hassle free. Great job Kim , I will certainly recommend your services to anyone looking to make finance an easy experience
Paul M.
Good afternoon please I don't understand this app again you use auto debt to debt from account the sum of 36920 and you still asking me to pay please Check ur record well
Adekunle A.
Scott from iCredit was fantastic to deal with when we purchased our new horse float. He made everything so easy and nothing was too much trouble. Highly recommend dealing with this company.
Tina R.
Doing business with Kim was a breeze. Kept me informed throughout the process. Highly recommended 👌
andrea M.
Christine at ICredit is Amazing she went above and beyond to help us. I can honestly say i don"t think i have had better service and care anywhere ever! All times of day of night Christine was offering to help. Thank you Christine you made ta stressful process very enjoyable. Thank you , you a are Legend.
Cindy H.
Great service, very prompt from Kim in what was a slightly difficult situation, would highly recommend!!
Jason W.
Christine has been amazing. This time with our car purchase she got approved for us in just 2 days. Always positive and ready to help. Will definitely be going back for a 3rd time when we need help with our next finance request. Thank you so much Christine.
Heather B.
Christine from icredit was the only person i had dealt with that listened to exactly what i wanted, if it wasnt for christine, i wouldnt be driving my car, or be im a better position to be able to buy my first home in the next 2 years. Cant thank her enough and i give her a million stars, only deal with christine
Ethan L.
Very satisfied with the service - the speed of settlement was incredible and puts my bank to shame.Kim is friendly, knowledgeable and determined to make sure that everyone walks away happy from the experience.I'd give 6 stars if I could.
Steve H.
Kim is absolutely fantastic!She always had good communication during the process.Everything was quickNo words for her efficiencies and dedication .Well done Icredit to have such a valued team 😊
Yazmina L.
Thank you very much. Scott is the best
Laura C.
Absolutely awesome company. Scott was amazing, made the process so quick and easy as was always around to help when needed. Got the car I've wanted for ages and in the colour I wanted. 100% recommend when looking to buy a car like I was. Appreciate it Scott!
Molly M.
This is the 2nd time I've worked with Matt. He was recommended to me as he helped someone get a loan who might not have been able to.He's helped me get 2 cars so far and even my dealership was impressed at the speed at which he organised everything and settled the contract.I will continue to use Matt for all vehicle loans.
Ethan H.
Kim is extremely helpful and very good at what she does. Quite happily recommend her.
kellithorpe115
Christine From iCREDIT helped me get the car I wanted, she was so helpful and nice And it was quick, easy and low rate. She is absolutely fabulous at what she does, I highly recommend this lovely lady.
Alirra B.
Kim is a great help, friendly and helpful, makes it a lot easier than doing it alone.I will be using her when ever I need something
adam B.
Shout out and a HUGE thank you to Christine at ICredit. Christine managed to obtain my funding at an incredible rate when I wasn't even sure that I could get approval!!! First loans are difficult when you are young. She process my loan with amazing speed, walked me through the process with ultimate professionalism and dealt with the car dealer, lenders and insurer for me. Christine took away all the stress associated with borrowing money to finance a car and completely took care of everything for me. I cannot recommend her highly enough! If you are looking for finance, contact Christine. You will not be disappointed. Thanks Christine!
Brock L.
Lyn W.
derek S.
Todd B.
Kim was excellent to deal with working with me outside of business hours definitely helped to, will definitely be going back to Kim for any broker needs!
Maxwell B.
Lachlan S.
A big thank you to Christine. Help me get my new 4WD Patrol within days at a better interest rate than the banks. Simply and stress free process. Cannot thank her enough.
Johnny O.
very happy with the service Kim was very nice and very helpful thankyou
Jade R.
Christine was absolutely amazing with helping an making sure everything worked out ! Cannot thank her enough ! ?
sam F.
Big Thank you to Glen Giggins for helping me refinance my home loan. Thank you for your patience and keeping me informed during the tedious process. I have a much better interest rate and lower mortgage repayments! Cannot recommend Glen highly enough!
Jade L.
Christine helped us with our finance & we could not recommend her highly enough she answered every question we had went above & beyond to help us,Will be recommending her to everybody ! Thank you so much christene for the best customer service !
Hayley R.
Christine from iCredit is amazing! She goes above and beyond to help with getting the best interest rates and helps every step of process. Thanks to Christine I have an amazing new horse float and I can’t thank her enough! I wouldn’t hesitate to recommend her to anyone!
Jasmin P.
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Chattel Mortgage

Loans from $5000

New and Used Assets

Private Sales

Taxation Benefits

Flexible Loan Terms from 1 to 7 years

Obligation Free

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Ph: 1300 350 118

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iCREDIT chattel mortgage is available throughout Australia, Melbourne, Sydney,  Adelaide, Hobart, Darwin and Perth, Gold Coast, Palm Beach, Burleigh Heads, Tweed Heads, Brisbane, Ipswich, Sunshine Coast, and Queensland Today!