Chattel Mortgage
Competitive chattel mortgage with fast approvals and flexible terms.
Chattel Mortgage
A chattel mortgage allows a business to purchase vehicles or equipment with the asset itself serving as security for the loan.
Business Asset Ownership
With a chattel mortgage, your business owns the vehicle or equipment from the start while the lender holds a mortgage over the asset until the loan is fully repaid.
Tax Benefits for Businesses
Businesses may be able to claim GST on the purchase price and benefit from tax deductions on interest and depreciation, depending on eligibility.
Flexible Loan Terms
Choose repayment terms and structures that suit your business cash flow, with options for fixed rates and flexible repayment schedules.
Smaller Deposit
Buy sooner with support
Family Guarantee
Support from loved ones
Flexible Vehicle & Equipment Finance
Chattel mortgage allows businesses to finance vehicles and equipment while claiming tax benefits.
Client Testimonials
Cleveland Steemah
"We had a concerning experience where it appeared that the housing plans were not properly reviewed, which led to an unexpected outcome where only part of the house was built as intended. This situation was quite disappointing and created significant confusion during the process. Additionally, we felt that the responsibility and resolution of the issue were not handled in a clear or constructive manner, which added to our frustration. For a mortgage broker, this raised serious concerns about attention to detail, communication, and overall accountability throughout the process. "
David Tran
"First thing I need to said thank you to Bishnu and his team in Finconnex. And very recommended Bishnu and Finconnex to everyone need financial brokers. Bishnu was very professional, polite, patience, extremely helpful and most importantly available anytime when I needed to ask him question or discuss about any related matter. I am the first time have loan mortgage, so I was stress and not sure in the process of documents going. So Bishnu he was patience and pleasant to me, he explained step by step for me so I can get throughout this process to make it bit easier for me. Finally one of my dream has come true and all thanks to Bishnu and the team."
Avinash Pala
"I dealt with Bishnu to refinance my loan. He has decent negotiating skills which got me a good deal to refinance my loan. Easy to contact and deal with. I recommend him for all your loan and refinancing needs."
Anna Bunworth
"If you want a home loan broker who knows the business, go to Bishnu at Finconnex. Bishnu has exceptional knowledge around all aspect of mortgage broking and is able to communicate this with a manner that is very easy to understand."
Dinesh Khaphle
"We had a good experience working with Finconnex. The entire process was straightforward and smooth from start to finish. We were very satisfied with the outcome and appreciate the support and assistance provided throughout. Thank you for your help. "
Sushil Panta
"We had a good experience working with the team. We never felt ignored at any stage and always received timely and appropriate solutions whenever needed. Overall, the support was consistent and helpful throughout the process. "
Frequently Asked
Questions
A chattel mortgage is a type of business loan used to purchase vehicles or equipment. Your business owns the asset from the beginning, while the lender holds a mortgage over it as security until the loan is repaid.
Chattel mortgages are designed for businesses, including companies, sole traders, and partnerships, that need to finance vehicles or equipment primarily for business use.
In many cases, businesses can claim GST on the purchase price upfront and may also claim interest charges and depreciation as tax deductions. It's recommended to consult a tax professional for specific advice.
Chattel mortgages are commonly used to finance business vehicles such as cars, trucks, vans, and equipment used for commercial purposes.
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