Machinery Finance Australia
We're trusted machinery finance brokers, helping ABN holders, businesses and owner-operators secure machinery loans with fast approvals up to $500,000. Rather than relying on a single bank or dealership, we compare major banks and non-bank lenders, negotiating low interest rates, fees and repayments. From application to settlement, we manage the entire process for a hassle-free experience.
Free No-Obligation Quote
Compare options with 80+ lenders. No credit impact.
Many deals we settle fall outside standard bank criteria. We find solutions where banks can't.
Bank Rates Without The Queue Or Paperwork
- One application. Multiple options to choose from.
- Free service, no hidden fees, ever
- Solutions for all credit profiles and ABN lengths
- Established companies, start-ups, SMEs to owner-operators
- No deposit, $0 down options and no additional security
- Low doc & no financials require zero paperwork
- Buy new or used from dealerships, private sellers & auctions
- Available 7 days a week, including evenings and weekends
Machinery Finance Australia Australia Wide
Low-Rate Machinery Finance Australia
Looking for the lowest rate on machinery finance and loans? We're known for delivering cheaper rates and repayments than banks and dealerships - for ABN holders, owner-operators, self-employed, sole traders, tradies, companies, start-ups and established businesses across construction, earthmoving, agriculture, forestry, mining, manufacturing, transport, logistics, waste management, landscaping, civil works and everything in between.
With access to more than 80 banks and specialist lenders, we compare the market to secure the most competitive rates, repayments and loan terms available. We offer flexible repayments, balloon payment options and early payout flexibility, and also assist with post-settlement administration, including existing finance payouts and related documentation.
Most clients are surprised by how much lower our rates and repayments are compared to financing through a dealership, bank or another broker. If you've been quoted elsewhere, send us the quote and we'll review it free of charge to see if we can beat it.
We arrange finance for excavators, bulldozers (dozers), graders, rollers, loaders, telehandlers, concrete pumps, cranes, forklifts, skid steers, tractors, pavers, trenchers, rollers, mining, forestry & farm equipment and all other heavy plant - new, used and demos purchased through dealerships, private sellers and auctions.
Low-doc (no financials) machinery finance up to $500,000 and no deposit machinery finance is available for eligible applicants.
Get in touch with Simon for a free, no-obligation quote and discover how much you could save on machinery finance.
Range Of Solutions
We provide custom solutions to support your business at every stage of growth:
- No doc machinery finance
- Lite doc machinery finance
- Low doc machinery finance
- No financials machinery finance
- Full doc machinery finance
- No deposit machinery finance
- Bad credit machinery finance
- Used machinery finance
- New machinery finance
- Chattel mortgage
- Machinery lease
- Hire purchase
- Rent-to-own
- Sale & leaseback
Machinery We Finance
We finance any new or used machinery from dealerships, private sellers and auctions:
- Excavators
- Mini Excavators
- Skid Steer Loaders
- Track Loaders
- Wheel Loaders
- Backhoe Loaders
- Bulldozers
- Graders
- Rollers
- Compactors
- Scrapers
- Trenchers
- Telehandlers
- Forklifts
- Reach Stackers
- Material Handlers
- Tower & Mobile Cranes
- Drilling Rigs
- Piling Equipment
- Screening Plants
- Crushing Plants
- Conveyors
- Generators
- Lighting Towers
- Water Carts
- Sweepers
- Asphalt Pavers
- Concrete Pumps
- Concrete Agitators
- CNC Machines
- Farm Machinery
- Tractors
- Harvesters
- Sprayers
- Seeders
- Mulchers
- Forestry Equipment
- Mining Equipment
- Scissor & Boom Lifts
- Chippers and Grinders
- Rock Breakers
- Directional Drills
Unbeatable Rates - Always Compare Before Signing
We're known for securing the cheapest machinery finance rates, consistently beating quotes from banks, dealerships, and other brokers. Through our free machinery loan comparison service, we'll compare any quote against our panel to secure you a lower rate with reduced repayments.
Never rely on a verbal interest rate. Many brokers and dealer quote rates over the phone without disclosing all fees and charges, making finance appear cheaper than it really is. That's why it's essential to get your quote in writing to compare actual repayments, as they reveal the true cost of the loan.
If you've received a quote, send it through for a free review. We'll break down the interest rate, repayments, fees, loan structure, and total cost, identify any hidden charges, and let you know if a better deal is available.
A few minutes spent comparing finance options could save your business thousands over the life of the loan.
Get Pre-Approved For Machinery Finance Before You Buy
A machinery finance pre-approval gives you a real advantage when buying from a dealership, auction, or private seller. With finance already in place, you'll know exactly what you can afford and have greater negotiating power as a serious buyer.
We'll confirm your borrowing capacity, interest rate, loan term, and estimated repayments upfront. With decisions available in as little as 24 hours and approvals valid for up to 90 days, you'll be ready to act when the right machinery comes along.
Simply send us the invoice and we'll arrange settlement and release the funds.
Why Use A Machinery Finance Broker?
At Overdrive Funding, we do more than arrange machinery loans — we help businesses secure the right finance solution to support growth and improve cash flow.
Rather than being limited to one bank, we compare over 80 lenders to access competitive rates, flexible terms, and stronger approval opportunities.
Whether you're financing an excavator, loader, dozer, or a full site of equipment, we tailor machinery finance solutions to suit your business needs.
Our goal is simple: make machinery finance faster, easier, and more affordable while helping you secure the best possible outcome.
What can a broker offer that a bank cannot?
New ABN & Low Doc
Finance available from day one of your ABN, with low doc options up to $500k without full financial statements for eligible applicants.
All Credit Profiles
Solutions for businesses with defaults, past credit issues or circumstances that fall outside standard bank lending criteria.
Private Sales & Auctions
Finance for trucks purchased from private sellers, auction houses and interstate dealers — not just franchised dealerships.
Older Trucks Welcome
Finance for trucks and trailers up to 25 years old at end of loan term, including older stock that most banks won't touch.
Asset-Specific Knowledge
Heavy vehicles are valued, aged and secured differently from cars. A broker who writes truck deals daily knows which lenders understand a B-double set, a tipper and dog, or a specialised body build.
Speed
Applications submitted in the format a particular credit team expects move faster. Approvals in 24 to 48 hours are achievable on straightforward deals, which matters when a truck is under offer.
Protecting Your Credit File
A broker who knows which lender fits does not need to scatter applications across the market. Multiple enquiries in a short window can work against you.
Preserving Your Bank Facilities
Financing the truck away from your main bank keeps your overdraft and other lines free for working capital.
Structuring Options
Term, balloon and repayment frequency shaped around what the truck earns rather than a standard template.
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 machinery you're purchasing.
Low Doc Machinery Finance
Light Doc Machinery Finance
Full Doc Machinery Finance
| 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.
Compare Your Options
Why Businesses Choose Overdrive
See how going through Overdrive compares to a bank, a typical broker, or dealership finance.
WORKING WITH US
MULTIPLE LENDERS, ONE APPLICATION
GOING TO BANK
ONE RATE, ONE CREDIT POLICY
TYPICAL FINANCE BROKER
LIMITED PANEL, GENERALIST APPROACH
DEALERSHIP FINANCE
ONE OPTION, THEIR RATE
Working With Us
80+ lenders compared in one applicationGoing to Bank
One lender, their own products onlyTypical Finance Broker
A limited lender panel of 10-30 lendersDealership Finance
One or two finance partners, or a broker they refer you toWorking With Us
We deliver you 2-3 options to choose fromGoing to Bank
One product, full financials requiredTypical Finance Broker
Gives you one option, tells you this is the best dealDealership Finance
One rate offered, take it or leave itWorking With Us
100% free — we don't charge any in-house service feesGoing to Bank
Charges application/establishment fees and document feesTypical Finance Broker
Typically charges a service fee at settlementDealership Finance
Cost built into an inflated priceWorking With Us
Approvals often within 24-48 hoursGoing to Bank
Slow — weeks, through many handsTypical Finance Broker
Varies, depends on their panelDealership Finance
Fast, but rate is often non-negotiableWorking With Us
Fast pre-approval valid for 90 daysGoing to Bank
Slow or no pre-approval before you buyTypical Finance Broker
Available, panel-dependentDealership Finance
Tied to that one vehicle onlyWorking With Us
Specialist lenders for tougher credit profilesGoing to Bank
Conservative — minimal policy exceptionsTypical Finance Broker
Some flexibility, panel-dependentDealership Finance
Prime borrowers onlyWorking With Us
One soft credit check while we quoteGoing to Bank
A hard enquiry on every direct applicationTypical Finance Broker
Usually shops you around, making multiple enquiriesDealership Finance
Hard credit enquiry without rate comparisonWorking With Us
Independent — We work for our clients and on their time, no pushy sales or rushGoing to Bank
Serves the bank, not youTypical Finance Broker
Sales and volume-focused, not looking out for your best interest and pushing to sign contractDealership Finance
Serves the dealer's finance targets with pressure to sign on the spotWorking With Us
Direct access to Simon, the DirectorGoing to Bank
No direct numbers, with rotating staff and call centresTypical Finance Broker
High staff turnover — clients passed between brokersDealership Finance
A salesperson upselling financeWorking With Us
Available 7 days a week, including after hoursGoing to Bank
Business hours onlyTypical Finance Broker
Business hours only with no weekend supportDealership Finance
Showroom hours onlyWorking With Us
Older trucks up to 25 years and trailers 30 years by end of termGoing to Bank
Tightly capped, around 10-15 yearsTypical Finance Broker
Depends on their limited panelDealership Finance
New & near-new stock focusWorking With Us
Buy from any dealer, private seller or auctionGoing to Bank
Restrictions may applyTypical Finance Broker
Usually dealer or private onlyDealership Finance
That dealership onlyWorking With Us
Full support through settlement & beyondGoing to Bank
Little contact after settlementTypical Finance Broker
Focuses on converting sales rather than long-term supportDealership Finance
None after the saleWhat To Expect When Working With Us
A Simple, Stress-Free Finance Process
From your first enquiry to finance approval, settlement and ongoing support, Simon personally manages the entire process. No call centres, no handovers and no unnecessary paperwork.
- 01
Consult, Compare & Choose
Speak directly with Simon about your machinery and business requirements. We'll assess your needs, compare suitable options across major banks and 80+ non-bank lenders, and present competitive rates and flexible terms to help you make an informed decision.
- 02
Conditional Approval
We prepare and submit your application in the format each lender expects. Conditional approval is typically available within 24 to 48 hours on straightforward deals. Eligible applicants can secure pre-approval valid for up to 90 days. Subject to lender approval.
- 03
Sign Documents & Get Funded
Once your finance receives final approval, we'll coordinate the loan contracts and settlement requirements with the lender and seller. Simply review and sign your documents, and we'll arrange settlement so you can take delivery of your machinery and get back to business.
- 04
Ongoing Support
Our service doesn't end at settlement. Simon remains your dedicated finance broker, assisting with payout figures, loan statements, refinancing, additional asset purchases and future funding requirements. You'll always deal directly with someone who knows your business.
Better rates. Smarter finance. Bigger opportunities.
One purchase or a bigger funding plan — start with a free conversation.
Recently Funded
Real Deals, Real Businesses
A sample of recent facilities we've settled for Australian businesses.
$85k
Asphalt Paver
Industry
Civil Construction
State
NSW
Facility Type
Low Doc
Turnaround
Approved in 24 hours
$70k
Wheel Loader
Industry
Earthmoving
State
QLD
Facility Type
Low Doc
Turnaround
Approved in 24 hours
$365k
2021 Komatsu D65 Bulldozer
Industry
Civil Construction
State
QLD
Facility Type
Full Doc
Turnaround
Approved in 3 days
$210k
Excavator
Industry
Construction
State
NSW
Facility Type
Low Doc
Turnaround
Approved in 4 hours
$95k
Skid Steer Loader
Industry
Landscaping
State
WA
Facility Type
Low Doc
Turnaround
Same day approval
$1.3m
Mobile Crane
Industry
Civil Construction
State
QLD
Facility Type
Full Doc
Turnaround
Approved in 3 days
Showing recent facilities settled. Client names withheld for privacy. View all recently funded deals.
Repayment Calculator
Machinery finance calculator
Use our free online machinery finance calculator to estimate monthly loan repayments and compare interest rates, loan terms and balloon payments. Simply enter your loan amount, interest rate, repayment term and balloon amount to calculate your estimated machinery finance repayments in seconds.
Need help?
Loan term
Balloon / residual
Repayment frequency
Your indicative repayment
$3,005/month
≈ $692/week
7.49% p.a. · 5 years · 0% balloon
Loan principal: $150,000
Ready to see your true rate?
This is indicative at 7.49% p.a. Your actual rate depends on the machinery, your ABN history and credit profile. Get a personalised quote — no credit impact, no obligation.
Indicative only. Does not represent an offer of credit. Assumes 7.49% p.a. fixed, secured loan for business use. Does not include fees, charges or individual circumstances. Actual rate subject to lender criteria and credit assessment.
Reviews
What Our Clients Say
★★★★★ 5.0 / 5 based on our Google reviews
FAQ
Machinery Finance Australia — Frequently Asked Questions
Common questions about machinery finance australia — answered.
What are current machinery loans rates in Australia?
Machinery loans rates in Australia currently range from around 7.20% to 10%+ per annum. Established businesses buying new machines from major brands with clean credit attract rates from 7.20%. Rates for used machinery, new ABNs or specialist assets are typically higher. By comparing 80+ lenders we find the sharpest rate for your specific machine and profile. Contact us for a free rate comparison with no impact on your credit.
Do I need insurance to get machinery loans?
Yes. Most lenders require proof of comprehensive insurance before settlement. We recommend arranging it in advance so it doesn't delay your finance — and if you need cover, we can arrange insurance for you as part of the process.
What types of machinery can you finance?
We finance excavators, bulldozers, cranes, skid steers, loaders, graders, tractors, harvesters, backhoes, telehandlers, pavers, scrapers and all other construction, agricultural and mining equipment — new or used.
Can I get a machinery loan with low documentation?
Yes. For loans up to $500k, low doc machinery loans is available with just your ABN, driver's licence and recent bank statements. No BAS, no tax returns, no financials required.
What is chattel mortgage for machinery?
A chattel mortgage is the most common finance structure for business machinery. You own the asset immediately while the lender holds a charge over it as security. It offers GST input tax credit benefits and potential tax deductions on depreciation and interest.
Can I finance used or second-hand machinery?
Yes. We finance used machinery with no age restrictions on most assets. We arrange a loan for machines purchased from dealers, private sellers, and auction houses across Australia.
How long does machinery loans approval take?
Most machinery loans applications receive a decision within 24–48 hours. Once pre-approved, you have 90 days to find your machine and complete the purchase.
Do I need a deposit for machinery loans?
Not always. Zero-deposit machinery loans is available for eligible businesses. Some lenders require a small deposit for high-value or older assets. We'll tell you exactly what's needed upfront.
Can I claim tax deductions on financed machinery?
Yes. Under a chattel mortgage, you can claim the GST input tax credit upfront and deduct depreciation and interest payments over the loan term. Under a finance lease, lease payments are typically fully tax-deductible. The instant asset write-off may also apply depending on the asset value and your business circumstances — speak to your accountant.
What loan structures are available for machinery loans?
The main structures are chattel mortgage (you own the asset from day one), finance lease (lender owns, you pay and use), commercial hire purchase (ownership transfers at final payment), and rental or operating lease (off balance sheet). Each has different tax and cash flow outcomes — we'll recommend the right structure for your business.
Can a brand-new business get a machinery loan?
Yes. We work with lenders who accept applications from new businesses and recently registered ABNs for machinery loans. Approval depends on the asset type, loan amount, your credit profile and whether any security or deposit is available.
Can I finance ex-demo, ex-hire or auction machinery?
Yes. We finance ex-demonstration, ex-hire fleet, government surplus and auction machinery subject to lender age and condition criteria. Private sale purchases are also supported — we settle funds directly to the seller so you can bid with confidence.
Do balloon or residual payments work on machinery loans?
Yes. A balloon or residual payment defers a portion of the loan to the end of the term, reducing your monthly repayments. We structure the balloon to suit the machine's expected resale value and your replacement cycle so it doesn't catch you out at maturity.
Can I do a sale-and-leaseback on machinery I already own?
Yes. A sale-and-leaseback lets you release equity from machinery you own outright — the lender purchases the asset and leases it back to you, freeing up capital for other business needs. It's a common option for operators who own their fleet free and clear.
Can repayments be structured around seasonal income?
Yes. Seasonal repayment structures are available for businesses whose income follows seasonal patterns — agriculture, construction, mining cycles. We match you to lenders who can build repayments around how your cash flow actually runs.
What is a machinery loan?
A machinery loan is a commercial finance product used to purchase equipment — typically a chattel mortgage where the lender funds the purchase and holds a security interest over the machinery. You own it from day one and repay the loan over an agreed term.
What types of machinery can be financed?
We finance excavators, bulldozers, loaders, graders, forklifts, cranes, telehandlers, compactors, pavers, rollers, scrapers and virtually any commercial or agricultural machinery.
Can I get a machinery loan with no deposit?
Yes. No-deposit machinery loans are available for eligible ABN holders with a strong trading and credit profile.
Can I borrow for machinery from a private seller?
Yes. We arrange settlement for machinery purchased from private sellers anywhere in Australia.
What term is available on a machinery loan?
Machinery loan terms typically range from 2 to 7 years depending on the asset's age, value and expected useful life.
Lending Panel
Access to 80+ Lenders In One Place
Overdrive Commercial Funding is directly accredited with all major banks, commercial non-bank, specialist and private lenders.
