Fleet Machinery Loans
Fleet machinery loans for businesses purchasing, replacing or refinancing machines, with competitive rates and flexible structures for growing and established fleets.
Who We Help
Owner-operators buying their first machine
Civil & earthmoving contractors expanding their fleet
Operators who've won a new contract
Refinancing an existing equipment loan
Fleet Machinery Loans Australia
Need fleet loans for plant, yellow goods and machinery? Overdrive Funding structures multi-asset deals across 80+ lenders so you are not running a separate loan for every excavator, loader or skid steer.
We arrange fleet facilities for Australian ABN holders — companies, contractors, sole traders and trusts — buying new or used plant, yellow goods and machinery from dealerships, private sellers and auctions.
Why fleet loans for plant, yellow goods and machinery is different
A single-machine loan is simple. A fleet deal has to handle mixed ages, mixed brands, mixed sellers and cash flow across the whole list of plant, yellow goods and machinery.
We compare lenders that will take multiple assets on one facility — or split the fleet across the right funders — so you get one point of contact, aligned terms and fewer settlements.
What can go on a fleet facility
- Excavators, loaders, dozers and skid steers
- Graders, rollers, cranes, telehandlers and forklifts
- Tractors and agricultural machinery
- Other construction, earthmoving and mining plant and yellow goods
- New and used, dealer, private sale and auction, on the same package where lenders allow
Eligible applicants may access no-deposit structures, terms up to 7 years and balloons to hold monthly cost down. In many cases the plant, yellow goods or machinery is the security, subject to lender criteria.
Limits that fit a growing fleet
Low-doc, lite-doc and no-doc loans up to $500,000 may be available for eligible ABN holders without full financials. Full-doc facilities can run much larger — including multi-million packages — when the business and assets support it.
Need to add another machine later? Ask for a limit or a variation so the next purchase does not start from zero.
Fast fleet approvals
Same-day pre-approval and decisions within 24 to 48 hours may be available on eligible files, including when part of the fleet is at auction. Pre-approvals can be valid for 90 days while you lock in the rest of the plant, yellow goods and machinery.
Compare fleet quotes before you sign
Already have dealer or bank quotes on several assets? Send the lot through. We compare rates, repayments, fees, terms and structure across 80+ lenders. Free. No cost if you do not proceed.
Fleet loans for plant, yellow goods and machinery in Sydney, Melbourne, Brisbane, Perth, Adelaide, Gold Coast, Canberra and Darwin uses the same national panel.
One application. 80+ lenders. Fleet Machinery loans Australia-wide. One dedicated broker for this package and every machine after it.
Get a fleet comparison — call Simon on 0417 000 316 or submit a quote with the list of plant, yellow goods and machinery attached.
Why get a loan with Overdrive Machinery Finance
Free service with no upfront costs or hidden fees.
Overdrive is a specialist machinery finance broker comparing 80+ banks and non-bank lenders on one application. Explore machinery finance across every machine type, or get a free quote in minutes.
Machine Loan Solutions
Whatever your situation, there's a loans structure to suit — we'll match you to the right one for your business.
Machinery We Finance
Caterpillar
305, 320, 336, D6, D8
Komatsu
PC130, PC200, PC300, D61, WA380
Hitachi
ZX135, ZX210, ZX350, EX300
Volvo
EC140, EC220, EC380, L90, L120
John Deere
310, 410, 644, 870G
JCB
3CX, 4CX, JS130, JS220, Teletruk
Plus Liebherr, Terex, Bobcat, Manitou, Case, New Holland and more.
Low Doc, Light Doc & Full Doc Machinery Finance
When applying for machinery finance, lenders will generally offer Low Doc, Light Doc or Full Doc options. The right choice depends on your business structure, trading history, and the type of machine you're purchasing.
| Feature | Low Doc Machinery Finance | Light Doc Machinery Finance | Full Doc Machinery Finance |
|---|---|---|---|
| Financial Statements Required | No | No | Yes |
| BAS Statements Required | No | Usually | Sometimes |
| Business Bank Statements | No | Yes | Sometimes |
| Approval Speed | Fastest | Fast | Standard |
| Interest Rates | Higher | Competitive | Most Competitive |
| Borrowing Capacity | Up to $500k | Up to $500k | Up to $10m+ |
| Ideal Outcome | Quick approval with minimal paperwork | Balance of flexibility and pricing | Best pricing and maximum borrowing power |
Which Option Is Right For You?
Need help deciding? Our finance specialists will assess your circumstances and recommend the most suitable asset finance solution for your business.
| If You Are… | Recommended Option |
|---|---|
| Self-employed or businesses with limited financial records | Low Doc |
| Businesses with bank statements and BAS available | Light Doc |
| Businesses with full financials | Full Doc |
Low Doc Machinery Finance
Low Doc finance is designed for borrowers who want a simple, streamlined approval process. In most cases, no financial statements or BAS statements are required. Approval is generally based on your ABN history, credit profile, and the asset being financed.
Light Doc Machinery Finance
Light Doc finance provides a middle ground between Low Doc and Full Doc lending. Borrowers can often qualify using recent business bank statements and limited supporting documentation, without the need for full financial accounts.
Full Doc Machinery Finance
Full Doc finance is suitable for borrowers who can provide complete financial records and supporting documentation. This option typically offers the most competitive rates and highest borrowing capacity.
Fleet Machinery Loans — frequently asked questions
Can I get a loan on a new or used fleet machinery finance?
Yes — we arrange new and used fleet machinery finance loans bought from dealers, private sellers or at auction, with the rate and term matched to the asset.
What interest rate will I get on a machinery loan?
Rates start from 6.55% p.a. for a strong, asset-backed machinery loan and move up with the age of the machine, the term, any deposit and your credit profile. Because we compare a panel of lenders on one application, we quote the sharpest rate you actually qualify for rather than a single bank's rate card.
Can I get a machinery loan without financials (low-doc)?
Yes. For an eligible loan under a lender limit we can arrange a low-doc machinery loan with no tax returns or BAS, on the strength of your ABN age, GST registration and clean credit. It typically needs a 2+ year ABN and sits slightly above a full-doc rate.
Who can apply for a machinery loan?
ABN holders — sole traders, partnerships and companies. Commercial lending to ABN holders sits largely outside consumer credit rules, which usually means a faster, simpler process than a personal loan.
Does enquiring about a machinery loan affect my credit score?
No. The initial enquiry is a soft check only and does not affect your credit score. We only lodge a formal loan application to a lender once you have seen the numbers and told us to proceed.
Do I need a deposit for a machinery loan?
Not always. $0-deposit machinery loans are available for eligible deals, subject to assessment. A deposit or trade-in can help with a newer ABN or an older asset, and it lowers the amount borrowed and your repayments.
What loan terms are available?
Machine loan terms typically run from 1 to 7 years. A longer term lowers the repayment but costs more interest overall; a shorter term costs less interest but repays faster. We help you balance cash flow against total cost.
Can I get a loan on a new or used machine?
Both. We arrange loans for new machines (dealer stock and factory orders) and used machines bought from a dealer, at auction or from a private seller. On a used machine, its age, kilometres and condition can affect the rate and term.
Can I buy from a private seller or at auction with a machinery loan?
Yes. For a private sale the lender verifies ownership and checks the machine is clear of existing finance (a PPSR check) before releasing the loan funds. We manage that process with you.
How does a balloon or residual work on a machinery loan?
A balloon (or residual) is a lump sum set aside to the end of the term. It lowers your regular repayments now, which suits operators who refresh machines every few years — you pay it out, refinance it, or trade in at term end.
How quickly can a machinery loan be approved?
For a straightforward, asset-backed machinery loan we can often come back with an indicative answer the same business day, with conditional approval frequently inside 24 hours, and settlement within a few days once documents are in.
Machine loans by type
What Our Clients Say
★★★★★ 5.0 / 5 based on our Google reviews
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Free quote in minutes, decisions in 24–48 hours. No obligation, no credit-score impact to enquire.
What Our Clients Say
★★★★★ 5.0 / 5 based on our Google reviews