Compare 80+ lenders — free, no credit check
Get a rate comparison for your specific asset and profile with no obligation.
Key Takeaways
- Overdrive Funding arranges mining equipment finance for all asset types — new, used, demo and auction.
- We compare 80+ lenders in one free application to find the most competitive rate.
- Low doc finance available up to $500,000 — no tax returns or BAS required for eligible ABN holders.
- Finance available for established operators, new ABNs and adverse credit.
- Our service is free — we're paid a "referral fee" by the lender after settlement.
Finding the best mining finance rate requires comparing specialist mining lenders. Overdrive Funding compares 80+ lenders to find the lowest available mining equipment finance rate for your specific machine and profile.
How to Get the Best Mining Finance Rate
- Compare specialist mining lenders — they often beat bank rates
- Finance new or reman equipment where possible
- Use a deposit to reduce lender risk
- Maintain clean credit history
- Finance through a broker — compare 80+ lenders simultaneously
Mining Equipment Finance Structures
- Chattel mortgage — own the asset from day one, interest and depreciation tax-deductible for GST-registered businesses
- Finance lease — keep equipment off your balance sheet; lender retains ownership until residual is paid
- Commercial hire purchase — fixed repayments with ownership transferring at end of term
- Balloon/residual — reduce monthly repayments with a lump sum at end of term
- Operating lease — ideal for equipment with short replacement cycles
Finance Rates
Mining equipment finance rates in Australia start from around 6.1% per annum for established operators with clean credit financing new equipment. Used machines, new ABNs and adverse credit attract higher rates. Overdrive Funding compares 80+ lenders including specialist mining finance lenders to find the sharpest available rate for your operation.
How to Apply
Fill in the form above or call Simon to get started. We compare 80+ lenders for your mining equipment finance in one application — no multiple credit enquiries, no cost to you. Most applications receive a decision within 24 to 48 hours.