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Loan Options For Trucks and Trailers.

Acquiring financing for commercial trucks and trailers can be as varied as the vehicles themselves. Numerous loan options cater to a range of needs and financial circumstances, enabling businesses, fleet operators, and first-time truck owners to hit the road on their business ventures.

Whether considering secured truck loans or exploring unsecured business finance, each avenue presents distinct benefits and considerations.

Type of Loans Available

Secured Truck Loans

About Secured Loans

Secured truck loans are a standard option when purchasing commercial trucks and trailers. A Secured Loan can help when borrowing higher amounts as lenders will take the truck as security against the loan. This provides comfort for the bank and usually comes with better interest rates.

Truck Leasing

About Truck Leasing

Truck leasing is a popular and flexible option for businesses looking to acquire commercial vehicles without the immediate financial burden of ownership. In a truck leasing arrangement, a business agrees to pay a fixed monthly amount to use the truck over a specified period.

Rent To Own

About Rent To Own

Rent-to-own truck financing is a financial arrangement where a business or individual can lease a truck with the option to purchase it at the end of the lease period. It provides flexibility for those who may not want to commit to a full purchase upfront.

Unsecured Business Loans

Unsecured Business Loans offer flexible financing solutions for older model trucks and trailers. These unsecured loans don’t require collateral, making them ideal for those who might be considering private sales or older model trucks not normally financed by banks. With personalised loan terms, they can accommodate various budgets

Line of Credit

About Line of Credit

A revolving credit line is a flexible financial tool offering businesses continuous access to a set credit limit. Unlike fixed-repayment loans, it permits withdrawing and repaying funds on a revolving basis.



Truck financing typically covers a broad range, including semi-trucks, delivery trucks, tow trucks, and specialty vehicles used for various industries..

Eligibility criteria may vary among lenders but often include factors like the applicant’s creditworthiness, business financials, and the age and condition of the truck.

The loan amount depends on factors such as the type of truck, its age, and the borrower’s creditworthiness. Lenders often finance a significant portion of the truck’s cost.

Interest rates vary based on factors like the borrower’s credit score, the loan term, and market conditions. Rates can be fixed or variable.

While some lenders may require a down payment, others offer no-money-down financing options. A down payment can reduce the loan terms and monthly payments.

Some lenders specialize in financing for individuals with less-than-perfect credit. However, interest rates may be higher, and the terms could be less favorable.

Common documents include proof of identity, business financial statements, tax returns, information about the truck, and sometimes a business plan.

Loan terms can vary but are often between one to seven years. Shorter terms may result in higher monthly payments but lower overall interest costs

Yes, our lenders offer financing for used trucks. The terms may vary, and interest rates could be influenced by factors like the age and condition of the vehicle.

Yes, leasing is a common alternative to purchasing. It offers flexibility, potential tax advantages, and the option to upgrade to newer models at the end of the lease term.



Preservation of Capital:

Financing a truck allows businesses to preserve capital by avoiding a substantial upfront payment. This capital can be redirected to other operational needs, such as inventory, marketing, or business expansion.

Asset Ownership at the End:

Once the financing term is complete and all payments are made, the business owns the truck outright. This contrasts with leasing, where ownership doesn’t transfer. Having a fully owned asset can positively impact the business’s balance sheet.


Interest Costs:

One significant drawback of financing is the accrual of interest costs over the loan term. While spreading payments over time is advantageous, businesses end up paying more than the actual purchase price due to interest.

Depreciation Risk:

Commercial vehicles, including trucks, depreciate over time. If the financed truck’s value depreciates faster than the repayment of the loan, it can result in a situation where the outstanding loan amount exceeds the vehicle’s worth, known as being “upside down” on the loan. This poses a financial risk if the truck needs to be sold or replaced before the loan is paid off.

Why Choose iCREDIT for Truck and Trailer Finance?

iCREDIT works with you to deliver accessible financing solutions tailored for commercial trucks. Our expertise lies in securing suitable loan options, particularly in the area of business assets, across Australia.

Our transparent financing process ensures clarity on loan products through our panel of banks and specialised commercial lenders, offering the best solutions tailored to your business circumstances and credit profile.

Our strong partnerships with over 40 of Australia’s lenders guarantee that your next commercial truck financing is perfectly aligned with your business needs.

Starting with our simple online loan application, with the potential for same-day approvals will help enhance your business operations on the road!

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.
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.
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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.
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Highly recommend the team at icredit very helpful with getting a loan.
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Great people to deal with, Scott helped us out so much for a fast result couldn’t be happier
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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
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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.
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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!
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.
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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
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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.
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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!
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Lyn W.
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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!
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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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iCREDIT Truck Loans are 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!

*Finance subject to approval, including the application of applicable lending criteria. Terms and Conditions apply. Fees and Charges are payable. Credit assistance provided by iCREDIT Australian credit licence 499023. ^Comparison rate for Secured Loan is calculated on a loan amount of $40,000 secured over a term of 5 years based on monthly repayments. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. **. Interest Rate: 6.99% Comparison Rate: 7.71%