| Typical assets | Purchase motor vehicles, new plant and equipment (including earthmoving, engineering and printing equipment) without outlaying business capital | |
|---|---|---|
| Interest rate | Available upon request | |
| Minimum amount | $20,000 | |
| Terms | Terms up to 5 years available |
| No account-keeping fees |
| Loan amounts from $20,000 |
| Term is generally up to 5 years, assessed individually depending on the useful life of the asset |
| Structure your rentals to suit your business cash flow requirements |
| Provision for a balloon (lump sum) payment at end of term |
| In most cases, the acquired asset acts as sole security |
| Interest rates and application fees available upon request. To obtain a quote for a Goods Mortgage, please contact our Business Banking Specialists on 1300 658 108 |
|---|
| Document fee | $250 |
|---|---|
| Master agreement document fee | $350 |
| ASIC form 309 (Government charge) | $135 |
| ASIC form 312 (Government charge) | $350 |
|
PPSR (Individual) |
$25 |
| PPSR (Company) | $25 |
|
PPSR (Trust) |
$50 |
| Drawing fees progressive or under master agreement |
$150 (Charged at each drawing) |
|
Mortgage preparation fee |
$100 (Charged per mortgage) |
| Standard inspection fee (used equipment) |
$100 (Charged if inspection is required) |
|
Assignment fee |
$400 (Charged upon consent to an assignment of your contract, e.g. for land surveying) |
|
Early pay-out fee
|
Calculated individually (Charged when additional repayments are made during a fixed rate period) |
|
Non-standard costs |
Calculated individually |
| Interim statement fee |
$5 per page (Charged immediately) |
| Duplicate statement fee |
$5 per page (Charged immediately) |
|
Audit certificate fee |
$60/hr (Min. of $100) (Charged upon certificate completion) |
|
Inward cheque dishonour fee |
$25 per page (Charged immediately) |
|
Inward direct entry dishonour fee |
$25 per page (Charged immediately) |
Book an appointment. |
Get competitive returns for your cash. |
Finance your next business purchase. |
Make an appointment with a Business Banking Manager to discuss your business needs. |
Access your business funds at-call and receive high interest. |
ME Bank's Asset Finance range may be a solution for your business needs. |
| BOOK | More | More |
If you would like to know today's market rates, call us on 1300 658 108. Fees and charges apply. Terms and conditions available on request. Applications are subject to credit approval.
These products are provided by Members Equity Bank Pty Limited (ME Bank) or its related entity, Industry Funds Management (Nominees 2) Pty Ltd (IFM2). Please note that IFM2 is not an authorised deposit taking institution and its obligations do not represent deposits or liabilities of ME Bank. ME Bank does not stand behind or guarantee the obligations of IFM2.
