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Key Takeaways
- Overdrive Funding finances all types of mining equipment — new, used, demo and auction purchases.
- 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 businesses with adverse credit.
- Equipment finance deals: We guarantee the best deal available in the market and our services are free — we're paid a "referral fee" by the lender after settlement, no cost to you.
Mining equipment finance is one of Australia's most specialist asset finance markets. At Overdrive Funding, we work with specialist mining finance lenders who understand mine site asset values, project-linked cash flows and the unique financial structures used in Australia's resources sector.
Mining Equipment: What We Finance
- Haul trucks — Caterpillar 777, 785, 793, 797; Komatsu 730E, 830E, 960E
- Mining excavators and rope shovels — Caterpillar 390, Komatsu PC800, Hitachi EX1200
- Blast hole drill rigs — Atlas Copco, Sandvik, Epiroc
- Underground loaders and trucks — Sandvik, Epiroc, Caterpillar
- Crushing and screening plants — Metso, Sandvik, McCloskey, Terex Finlay
- Mine site support vehicles — light vehicles, water carts, fuel trucks
- Mine dewatering and pumping systems
- Conveyor systems and materials handling
- Mine safety equipment and monitoring systems
- Mobile processing and wash plants
Finance Structures Available
- Chattel mortgage — most common for mine site equipment
- Project-linked repayment structures — repayments aligned with mining contract revenue
- Finance lease — used for equipment with defined project life
- Equipment refinancing — to free working capital during project mobilisation
- Specialty mining finance — from lenders with specific resources sector expertise
Mining Equipment Finance Rates
Mining equipment finance rates in Australia start from around 6.1% per annum for established mining contractors with strong project backing and clean credit. Large or specialist mining equipment (haul trucks, drill rigs, crushers) typically requires specialist lenders with mining industry experience and flexible repayment structures linked to production or project revenue.
New, Used and Auction Equipment
We finance mining equipment purchased from dealers, private sellers, fleet disposals and auction. If you are purchasing at auction, getting finance pre-approved before the auction is essential — settlements are typically required within 48 to 72 hours. Contact us before auction day and we will have your finance ready to activate when you win.
How to Apply
Fill in the form above or call Simon to get started. We compare 80+ lenders in one application — no multiple enquiries, no impact on your credit score, and no cost to you. Most applications receive a credit decision within 24 to 48 hours.